10 Best Spread Betting Platforms and Brokers for 2024

Razor accounts in the FX markets have lower spreads than regular accounts, but they do charge commissions. Trading volatile financial markets with Spread Betting Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Spread Betting Brokers to ensure a successful trading experience. Both let you use leverage, which is like turbo-charging your trade with borrowed money.

Benefits Of Spread Betting Trading

It is important for there to be no currency risk during a trader’s positions when they are spread betting with securities dominated by foreign currencies. When the value of the USD goes up or down, the loss or profit obtained from that spread must seize the percentage loss or profit on the primary currency pair. Spread betting is where you can place speculative bets on how the price of a financial instrument will move up or down. You are not buying or selling underlying financial assets when spread betting, your spread bet speculation is with your broker.

Markets

You can expect a smooth experience and it is one of the fastest-growing betting brokerages out there. Overall, SportMarket is highly recommended if you’re looking for a great platform to place bets with the best bookmakers. We have tested some of the top bet brokers on the market and here are our top recommendations for serious sports bettors. Betting brokers save you time and effort by doing the comparison work for you. You don’t need to jump between different betting websites anymore. This makes it easier to find better odds and potentially win more money from your bets.

Can you make money from financial spread betting?

Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Spread Betting Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Spread Betting Brokers. The best rated Spread Betting broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies.

• FXPro offers automated trading, a proprietary platform, a demo account to play in, and standard stop loss protocols.
• You should seek advice if needed before engaging in spread betting, and do extensive online research about how it works and the risks.
• You bet on whether you expect the price to move up or down, and your profit or loss is determined by the accuracy of your prediction.
• This broker is regulated by the FCA in the UK, the ASIC in Australia, the FMA in New Zealand, and the MAS in Singapore.
• Their payback rate is very high and they often estimate sporting events differently than other bookmakers, creating great value bets.
• I would say that overall City Index is a better spread betting broker than CMC Markets, especially if you are trading a broad range of shares, particularly smaller cap shares.

Do spread betting companies close your account if you win?

This is another way spread betting differs from most traditional trading. (It might not be right to call it trading at all and just betting or gambling). Rather than directly entering these markets, spread bets let users speculate on changes in market values for your chosen asset across time. It’s very similar to betting on horses or the score of a sports game. But like contracts for differences (CFDs), spread betting is a high-risk form of investment and is seen as a form of gambling.

Is Your Money Safe With Spread Betting?

Alternatively, or additionally, brokers may offer third-party solutions which do not natively offer spread betting, but can support this style of trading. The most widely available platforms we see are TradingView, MetaTrader 4, MetaTrader 5 and cTrader. Profits made from trading are subject to UK capital gains tax, whilst under current legislation, profits generated through spread betting are tax-free.

IG Quick Facts

And time is probably the greatest cost that the arbitration trader faces; if you have to wait days or even weeks between finding new exploits,  this is a lot of time without earning money. The Think Market proprietary betting app and platform is called ThinkTrader. You can use both the mobile app and desktop platform to take control of your spreads. One of the really neat things about Think Market is that it has a really awesome app for your spread betting needs.

Sports Betting in Nigeria

Betting brokers make betting better by connecting you to bookmakers worldwide. Whether you like popular sports or specific types of events, they offer something for everyone who enjoys sports betting. These services have made betting brokers an important part of online betting.

Sports betting apps

By the same token, losses made in trading can be offset against capital gains made elsewhere, whilst spread betting losses cannot. Spread betting on Forex is all about precision, speed and market timing in one of the world’s most active markets. With positions turning over faster than any other asset class, traders focus on quick profits.

• This allows most betting brokers to charge no fees to their customers.
• The degree of fluctuation in the asset’s value and the accuracy of the trader’s predictions are used to establish the spread betting profit or loss.
• Spread betting on gold presented a more approachable alternative, allowing individuals to speculate on gold prices without the need to physically purchase the commodity.
• The platform has plenty of other instruments that you can take advantage of.
• Please note that trading financial products such as CFDs comes with a high risk and is not suitable for all investors.
• Get the best odds across multiple bookmakers with just one funded account.
• There will always be risks involved when trading, but using a tool that helps to manage your risks can certainly be beneficial.

Experience

Public companies are required to yield financial reports frequently. A company’s market capitalisation and share price also help determine whether a company is going bankrupt. Currency markets can be very volatile, particularly around major economic announcements, which can lead to significant price movements. While financial markets also experience volatility, it can be more diversified across the different assets. Here is the overview of the key differences between Forex spread betting and financial spread betting. Spread betting, for those unfamiliar, is a derivative strategy, allowing traders to speculate on the price movement of an asset without owning the underlying security.

Orbit Exchange – Why it’s Your Best Bet Yet.

We bring you bookmaker news with a special focus on sports betting signup bonus offers that give you the best value when opening a new account. From generous first-time deposit bonuses to free bets, we ensure you’re always informed about the most lucrative promotions available. One of the main advantages of using Sportmarket is the ability to place large bets from a pool of liquidity provided by partnered betting sites. By spreading stakes across multiple bookmakers and exchanges, the platform ensures market stability and reduces the impact of large stakes. Sportmarket earns exclusively from small commissions paid by bookmakers, regardless of whether players win or lose, ensuring there is no reluctance to pay out winnings. This contrasts sharply with betting brokers, who welcome professional bettors and don’t restrict winning players.

Best for Educational Resources: Capital.com

Do your due diligence to ensure the broker has no client trust issues. Regulation is extremely important because you do not lose large sums when trading. For example, if a trader based in the US happens to speculate a £1 movement on a particular UK asset worth £10 for every share and they place a 0.05 USD per £1. If the securities market goes up to £15 during the closing, the profit must be 50% despite the exchange rate between pound and dollars. Tight spreads are crucial during such small price and value movements. They help make profits from minute movements in the prices and values of an asset.

Best Bet Broker (Betting Brokerage) Service in 2023? #1 Bet Agent

When opening a new account, have in mind what asset classes and individual instruments you want to trade. Look for a broker that offers tight spreads not only during peak trading hours but throughout the day, across a wide range of asset classes. If you mainly trade a few key indices or forex pairs, choosing a broker with the lowest costs for those specific assets makes sense. For more diverse trading, consider brokers with consistently tight spreads across all instruments, even if it means using multiple accounts to optimize costs. City Index also has an options desk for spread betting on index and populare stock options. Between 51% and 89% of retail investor accounts lose money when trading CFDs.

For instance, not all bookmakers are allowed to operate in every country, and some countries only allow certain bookmakers. But a betting agent can help bettors reach those bookmakers that they wouldn’t normally be able to use in their country. Many brokers allow fractional shares and commission-free trades, so you can invest $5 to $10 and gradually build your portfolio over time.

Vantage Markets vs SpreadEx: Broker Comparison

Nevertheless, it is always a better idea to have the extra option to broaden your horizons than to be restricted to a select number of markets. Hence, comparing the range and limits of choice on offer is important. Lastly, check for educational resources and risk management tools, which are essential for informed trading, especially for beginners. Orbit Exchange is a Betfair white label betting exchange that mirrors the odds and liquidity of the Betfair betting exchange. Enjoy betting without limits with multiple Bookmakers by having just a single account with Sportmarket.

With IG, you can try and take advantage of rising or falling markets by spread betting. They offer seamless execution on a wide range of more than 18,000+ markets and around the clock phone support. They are considered to be one of the best brokers and are well regulated in multiple jurisdictions. IG actually invented financial spread betting in 1974 and I think they are a top choice for anyone in the UK who is looking to spread bet with industry leading conditions. Spread betting is a popular choice for active investors who would like to trade a range of different markets both short (sell) and long (buy), without actually owning the underlying asset. Spread betting can be suitable for scalping, day trading and swing trading on thousands of financial markets, including indices, shares, currencies, commodities and more.

• But like contracts for differences (CFDs), spread betting is a high-risk form of investment and is seen as a form of gambling.
• The unpredictability of horse racing adds excitement and value to every race.
• Across the Atlantic, in the City of London, Stuart Wheeler, an investment banker, recognized the potential of applying the spread betting model to financial markets.
• Markets.com offers a large variety of over 2,200 assets, including forex, cryptocurrencies, stocks, indices, bonds, commodities, and precious metals.
• In summary, utilizing a betting agent offers numerous advantages, including better odds, centralized account management, anonymity, top-notch customer service, and access to lucrative bonuses.
• You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Exploring Other Betting Exchanges

You can find spread betting margin terms listed in the brokerage contract. There are diverse types of spreads; however, cash and equity spread betting are the most commonly surebet calculator used. Fast forward a week, and let’s suppose the S&P 500 climbs to 3351. We ‘sell’ our position at the new bid price, ideally around 3350, netting us a 50-point gain.

Overall, IG is the best spread betting broker is suitable for beginners through to professional high volume and high-frequency traders. You can see what percentage of clients are long on watchlists and you can quickly go to a specific time point on a chart. Founded in 2002, AsianConnect, also referred to as “AsianConnect88,” operates as a licensed and regulated sports brokerage service under the oversight of the Government of the Netherlands Antilles. Their platform serves as a link connecting bettors with a variety of Asian bookmakers and betting exchanges via a secure and unified account.

In addition, you will find convenient information, such as the intelligent market scanner tool, multi-deal closures, and innovative analysis. It’s one of the most extensive apps for research material, giving you absolutely everything you need (and more) right at your fingertips. Markets.com also makes the platform easy to use without having to install software. As a last mention, IG is accessible through a no-install browser.

In terms of the range of bookmakers available, the platforms powered by Mollybet are offering the most bookmakers. In terms of the range of sports available, BFB247, BetInAsia and Bookielink are way ahead of the other competitors. The rest of the bet brokers are also covering a decent number of sports, except VOdds, which covers only three sports. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and spreads, fast, quality execution on every trade.

And Ireland, there is essentially nothing else to differentiate between spread betting and CFDs. Over the years, more and more bet brokers have arrived, and we now have a solid market. Still, the traditional names in the business, Sportmarket and AsianConnect, still rank as the best ones. So if you wish to get serious with your betting, you could consider signing up with one of them. Bet In Asia is a great option for both small players and serious sharps.