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27 Best Spread Betting Brokers

Best Spread Betting Brokers

 

 

Overview

Spread betting is a tax-free financial derivative that enables you to speculate on a huge range of financial markets, such as forex, indices, commodities, shares, and bonds.

 

 

And, as you don’t take ownership of the underlying asset, you can take advantage of markets that are falling as well as rising.

Spread betting enables you to speculate on markets that are decreasing in value, as well as those that are increasing.

So, while you could opt to mimic a traditional trade that profits if the underlying asset rises in the price – known as ‘going long’ – you could also open a spread bet that will profit if the underlying asset falls in price, known as ‘going short’.

 

 

In this article, we explore the 27 best spread betting brokers on the forex market today, so that you can take your trading to the next level.

 

Here are our 10 Best handpicked Spread Betting Brokers

 

 

Let’s get started with the full breakdown of the Best Spread Betting Brokers.

 

Alpari

 

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Alpari is among the longest-running online forex brokers in operation, having been established in 1998. It offers a range of accounts and allows clients from anywhere in the world, except the US and Canada.

Spreads are low and, because the company does not operate under European regulations, leverage is significantly higher than other brokers.

 

Pros and Cons

✔️PROS ❌CONS
Advanced trading platforms Limited independent research tools
Excellent customer support

Caters to a wide range of trading styles and experience levels

 

Features

Feature Information
Regulation Financial Services Commission (FSC)
Minimum deposit from US Dollar 100
Average spread from 1.2 pips on majors
Commissions from charged at 4 units of the Base currency
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Cashback Promotion
Customer Support 24/5

 

AvaTrade

 

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

AvaTrade was founded in 2006 in Ireland. They still maintain a strong presence there but have since grown to become one of the top forex brokers in the sector offering services around the world.

A low minimum deposit requirement of just US Dollar 100 across most of the available account types, coupled with respected regulation from several bodies worldwide, makes AvaTrade a popular choice for new and experienced traders alike.

 

Pros and Cons

✔️PROS ❌CONS
A broad range of tradable instruments High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

 

Features

Feature Information
Regulation Central Bank of Ireland, MiFID, ASIC, BVI
Minimum deposit from US Dollar 100
Average spread from 0.9 pips
Commissions from No commission on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses First Deposit Bonus
Customer Support 24/5 – multilingual

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

eToro is one of the biggest names in the industry as far as the forex market is concerned.

They have been operating since 2007, and have become a household name around the world thanks to their excellent, top-tier regulation, and the unbeatable trading experience they offer to those looking to get involved in social trading or forex.

 

Pros and Cons

✔️Pros

Advanced copy trading software

Low minimum deposit

No deposit fees

❌Cons

High withdrawal fees

High trading fees for forex

Only one base currency available for accounts

 

Features

Feature Information
Regulation CySEC, FCA, ASIC
Minimum deposit from US Dollar 50
Average spread from 0.75 pips
Commissions from No commission on stocks and ETFs
Deposit/Withdrawal Fees US Dollar 5
Maximum Leverage 1:30
Bonuses US Dollar 50 Welcome Offer And US Dollar 50 Per Referral
Customer Support 24/5 – multilingual

 

BDSwiss

 

Overall Rating

4.7/5

Rated #5 of
Recommended FX Brokers

💰Minimum Deposit

$100

💰Sign-up

50% of Initial Deposit

🌐 Regulators

FSC, FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

83

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

BDSwiss was founded in 2012. Since that time they have grown to become a major forex broker that now offers trading services in more than 180 countries worldwide.

They also have regulatory oversight in place from several trusted bodies in the industry including CySEC.

BDSwiss is also a very well-decorated broker having collected several awards, particularly in recent years as they have expanded their industry presence.

Being recognized as providing one of the best trading platform applications, as well as for their positive trading conditions and the environment has helped them greatly in continuing to improve their profile among traders.

 

Pros and Cons

✔️PROS ❌CONS
MetaTrader 4 and 5 available Relatively high minimum deposit
Multiple regulations

 

Features

Feature Information
Regulation CySEC, FSC, NFA
Minimum deposit from US Dollar 200
Average spread from 1.3 pips
Commissions from  0.1% for stock and CFDs
Deposit/Withdrawal Fees 10 EUR from 20 EUR upwards
Maximum Leverage 1:500
Bonus None
Customer Support 24/5

 

FXTM

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXTM is also known as ForexTime, started operating in 2011. It is headquartered in Cyprus, and in 8 years managed to gain global acclaim.

Besides the MT4 and MT5 platforms on the web and desktop, FXTM offers other trading features to users.

The FTXMInvest social trading program allows you to subscribe to other traders and make money. Through this program, you can gain access to other trader’s profits by depositing a certain amount of money.

 

Pros and Cons

✔️PROS ❌CONS
Superb customer service Inactivity and withdrawal fees
High maximum leverage Limited product portfolio
Great educational tools

 

Features

Feature Information
Regulation CySEC, FCA, FSCA
Minimum deposit from US Dollar 100
Average spread from 0.9 pips
Commissions from No commission
Deposit/Withdrawal Fees US Dollar 3
Maximum Leverage 1:500 on average
Bonuses US Dollar 300 Trading Bonus
Customer Support 24/5

 

IG Group

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IG is an online broker that offers four types of trading products, namely CFDs, spread betting, barriers, and vanilla options. As a subsidiary of public company IG Group Plc., IG has been in operation since 1974.

The company offers Contracts for Difference (CFDs), derivatives securities without actual ownership of the asset, on a variety of products. These include forex, indices, shares, commodities, cryptocurrencies, options, interest rates, and bonds.

 

Pros and Cons

✔️PROS ❌CONS
No deposit or withdrawal fees

Low index CFD trading fees

Inactivity fee charges

High stock CFD fees

 

Features

Feature Information
Regulation FCA, FSCA
Minimum deposit from No minimum deposit
Average spread from Variable
Commissions from £3.00 – £8.00 per trade for all types of assets
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None offered
Customer Support 24/6

 

Oanda

 

Overall Rating

4.9/5

Rated #194 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, ASIC, FSC, BVI and IIROC

📱 Trading Desk

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Crypto

Yes

📈 Total Pairs

45 

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 1996, and with two decades of experience under their belt, Oanda is one of the more established and well-respected online brokerages.

Although competing in an increasingly competitive market, Oanda has managed to continue to attract new customers to its platform. Through a global network of CFD and forex-related companies, Oanda has experienced rapid growth.

 

Pros and Cons

✔️PROS ❌CONS
Relatively low trading fees Limited product portfolio
No minimum deposit required
Easy account opening process

 

Features

Feature Information
Regulation FCA, RFID
Minimum deposit from None
Average spread from 1.6 pips
Commissions from US Dollar 0.01 USD per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:100
Bonuses None
Customer Support 24/5

 

Forex.com

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With roots stretching all the way back to the early 2000s, Forex.com is one of the most well-established players in the market. It falls under the corporate umbrella of Gain Capital UK, which is a registered UK financial services company that has been in operation since 1999.

Forex.com gives clients access to well over 200 global markets, which includes over 80 major and minor currency pairs, a range of indices, and shares.

 

Pros and Cons

✔️PROS ❌CONS
Low Forex fees Limited asset portfolio
The high number of currency pairs

Well-regulated

High stock CFD fees

 

Features

Feature Information
Regulation FCA, CIMA
Minimum deposit from US Dollar 50
Average spread from Variable
Commissions from Commissions on the commission account only
Deposit/Withdrawal Fees None
Maximum Leverage Variable dependent on instrument traded
Bonuses 20% Welcome Bonus
Customer Support 24/5

 

City Index

 

Overall Rating

4.7/5

Rated #226 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, MAS

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

City Index is the brand name of GAIN Capital who is known in financial circles around the world and is also listed on the New York Stock Exchange.

In terms of the broker standing in the sector, City Index is one of the cornerstone names in the entire industry, having been around since 1983.

 

Pros and Cons

✔️PROS ❌CONS
Low trading fees

No fees for deposit and withdrawal

Comprehensive research tools

Limited product portfolio

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from US Dollar 100
Average spread from 1.5 pips
Commissions from ‎US Dollar 3
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses Deposit Bonus
Customer Support 24/6

 

Vantage FX

 

Overall Rating

4.7/5

Rated #66 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

VFSC 

📱 Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Vantage FX is an all-around, award-winning ECN pricing / STP Forex broker. Their pricing is competitive, with good customer service and execution combined with a reasonable range (depending on the instruments you trade) of ECN Forex and DMA CFDs.

 

Pros and Cons

✔️PROS ❌CONS
Well regulated

Advanced trading platforms

Has indemnity insurance

Limited range of tradable instruments

 

Features

Feature Information
Regulation ASIC
Minimum deposit from US Dollar 200
Average spread from 1.35 pips
Commissions from ‎US Dollar 3 added per side
Deposit/Withdrawal Fees 20 units of trading account base currency
Maximum Leverage 1:500
Bonuses 50% Welcome Bonus
Customer Support 24/5

 

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Pepperstone is online forex, spread betting, and CFD broker with more than 57,000 clients in 65+ countries.

Pepperstone clients can trade CFDs on forex, shares, indices, cryptocurrencies, commodities, and currency indices across three popular trading platforms.

Pros and Cons

✔️Pros

No minimum deposit

Low trading fees for forex

No added costs for withdrawals or deposits

❌Cons

A limited number of instruments

No additional research tools

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from AUD200
Average spread from 0.4 pips
Commissions from ‎US Dollar 3.76 commission per lot per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

IC Markets

 

Overall Rating

4.7/5

Rated #37 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC, CySEC, FSA, SCB

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IC Markets is a forex and CFD online trading platform that was founded in 2007.

IC Markets is an online broker is regulated by the FSA (Seychelles Financial Supervisory Authority), CYSEC (Cyprus Securities and Exchange Commission), an AFSL (Australian Financial Services Licence).

This online trading platform offers CFD products covering a decent range of financial assets including forex pairs, stocks, indexes, and commodities.

 

Pros and Cons

✔️PROS ❌CONS
Low forex fees

Easy and fast account opening

Free deposit and withdrawal

No Negative Account Balance Protection

A limited number of available CFDs

 

Features

Feature Information
Regulation ASIC
Minimum deposit from US Dollar 200
Average spread from 0.0 pips
Commissions from ‎None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/7

 

FxPro

 

Overall Rating

4.7/5

Rated #202 of
Recommended FX Brokers

💰Minimum Deposit
USD 100 (recommended amount USD 1000)
🌐 Regulators

FCA, CySEC, FSCA, SCB

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

70

☪️ Islamic Account

Yes

📊 Trading Fees

High

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FxPro is a globally regulated Forex, CFD, and Spread Betting broker offering to trade on more than 250+ financial instruments covering Forex, Futures, Indices, Shares, Metals, and Energies.

Trading is provided on the MetaTrader 4, MetaTrader 5, and cTrader platforms as well as its own proprietary, feature-rich FxPro Trading Platform.

 

Pros and Cons

✔️PROS ❌CONS
A wide selection of market instruments
Client funds stored in segregated accounts

Low trading fees

 

Features

Feature Information
Regulation FCA, CySEC, FSCA
Minimum deposit from US Dollar 100
Average spread from 1.7 pips
Commissions from US Dollar 45 per million USD traded.
Deposit/Withdrawal Fees 1.6% for debit and credit card
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

Oinvest

 

Overall Rating

4.4/5

Rated #259 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FSCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Oinvest is making a noticeable splash in the CFD trading industry, and though it’s barely two years old with a founding date in 2018, it has quickly gained renown for a secure MT4-based trading environment and a plethora of in-demand assets.

 

Pros and Cons

✔️PROS ❌CONS
Well regulated Doesn’t allow EAs
Educational materials for beginners

 

Features

Feature Information
Regulation FSCA
Minimum deposit from US Dollar 200
Average spread from 0.7 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses None
Customer Support 24/5

 

AxiTrader

 

Overall Rating

4.6/5

Rated #70 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, DFSA, FCA, FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

66

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Axi

 

Overview

AxiTrader has been around since 2007, initially under the name AxiCorp, in Australia. Since then they have managed to extend their reach to Britain in 2012, China in 2015, and Germany in 2016. They keep expanding to this day and serve 150 countries overall.

 

Pros and Cons

✔️PROS ❌CONS
No Minimum Deposit Limited research tools
MetaTrader 4 available

 

Features

Feature Information
Regulation ASIC, FCA, DFSA
Minimum deposit from No minimum deposit
Average spread from 1.24 pip
Commissions from  US Dollar 7 commission charged per round
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses 20% Deposit Bonus
Customer Support 24/5

 

FXCM

 

Overall Rating

4.6/5

Rated #26 of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

FCA, FSCA

📱 Trading Desk

MetaTrader 4, Trading Station

Crypto

Yes

📈 Total Pairs

7

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXCM provides live trading in currencies, indices, commodities, and treasury. Traders benefit from free live trading signals, STP Forex execution with competitive spreads, and leverage up to 1:400.

 

Pros and Cons

✔️Pros

Excellent educational resources for beginner traders

Low minimum deposit requirement

Advanced research tools

Excellent customer support

❌Cons

No Web Trader option available for trading platforms

Rudimentary mobile trading platform

Limited product portfolio

 

Features

Feature Information
Regulation FCA, ASIC, ACPR, FSP
Minimum deposit from US Dollar 50
Average spread from 1.3 pips
Commissions from £4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses US Dollar 20 Welcome Bonus
Customer Support 24/5

 

HYCM

 

Overall Rating

4.5/5

Rated #36 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

69

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

HYCM processes over 25,000 orders daily, offers spreads as low as 0.2 pips and has an average execution time of 12 milliseconds. This broker offers clients a well-regulated trading environment with over 300 assets across five sectors.

 

Pros and Cons

✔️PROS ❌CONS
Well regulated

Low minimum deposit

Excellent research tools

 

Features

Feature Information
Regulation FCA, CySEC, DFSA, CIMA
Minimum deposit from US Dollar 100
Average spread from 1.8 pips
Commissions from US Dollar 4 per round turn on Raw account only
Deposit/Withdrawal Fees US Dollar 30 for wire transfer un US Dollar 300
Maximum Leverage 1:200
Bonuses 25% Deposit Bonus
Customer Support 24/5

 

OvalX

 

Overall Rating

4.5/5

Rated #288 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CSEC

📱 Trading Desk