Top 9 Best UK Forex Brokers For Spread Betting for 2019

by | May 9, 2019

Are you looking for the best UK forex brokers for spread betting because you want to avoid being taxed on your trades?

We can help you.

Spread betting has been around for a long time, but not all brokers have caught up with how popular it is. On top of that, while there are many that offer spread betting, there are plenty of brokers that lack the experience and technology traders really want.

Don’t just sign up to the first spread betting broker you come across. Sign up to a broker that will provide you with the trading conditions that suits your trading style.

best brokers spread betting uk

Top 9 Best Uk Forex Brokers For Spread Betting Of 2019

Here’s our ranking:

  • Regulations: FCA, ASIC
  • Minimum deposit: $250
  • Platforms: MT4, L2 Dealer
  • InvestinGoal rank: 4.5/5


81% of retail CFD accounts lose money

1. IG

For a truly great spread betting experience, you cannot go wrong with IG. Operating since 1974, IG is perhaps the most experience spread betting broker traders will come across. They are also a highly innovative broker, offering some of the best technology available today and a DMA trading environment. Traders can take advantage of IG’s web platform, which is built to handle spread betting and access to over 16,000 markets.

  • Regulations: IG Markets Limited licensed by ASIC (AFSL no. 220440), licensed by the FSP (No. 18923), and authorised & regulated by the FCA (195355); IG Index Ltd authorised & regulated by the FCA (114059). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:200
  • Minimum Deposit: £ 250 or equivalent
  • Platforms: MT4, web platform, trading apps (iPhone, iPad, Android mobile, Android tablet), L2 Dealer
  • Headquarters: IG Markets Limited is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on shares, indices, bonds, options, interest rates, sectors, cryptocurrency; spread betting; digital 100s
Try IG MARKETS with a demo account

81% of retail CFD accounts lose money

  • Regulations: FCA
  • Minimum deposit: $100
  • Platforms: ETX Trader Pro, MT4
  • InvestinGoal rank: 4.7/5

79.6% of retail CFD accounts lose money

2. ETX Capital

ETX Capital is also a highly respected spread betting broker, operating for over 50 years. To get the most out of spread betting with ETX Capital, traders should use their ETX TraderPro platform which was awarded ‘Best Spread Betting Platform 2018’ by the ADVFN International Financial Awards and offers a range of customisable features to implement strategies. ETX Capital also offer instant execution and access to over 5,000 markets.

  • Regulations: Monecor (London) Ltd authorised & regulated by the FCA (124721). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:200
  • Minimum Deposit: $ 100
  • Platforms: ETX TraderPro (desktop, iOS, and Android), ETX MT4
  • Headquarters: ETX Capital is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, equities
Try ETX CAPITAL with a demo account

79.6% of retail CFD accounts lose money

  • Regulations: CFTC, DFSA, IIROC, MAS, NFA, FSA
  • Minimum deposit: $1
  • Platforms: Oanda Platform
  • InvestinGoal rank: 4.1/5

77% of retail CFD accounts lose money

3. Oanda

Oanda is another firmly established broker and has been operating since 1996 and has a strong presence in the UK. They are a great option for those who want to spread bet with the popular MT4 and have amassed plenty of awards for their service. While they do offer fewer instruments than other brokers, they do have some of the best analytical tools available. Irish traders are also accepted.

  • Regulations: OANDA Corporation registered with the CFTC and member of the NFA (0325821); OANDA (Canada) Corporation ULC regulated by ILROC; OANDA Europe Limited authorised & regulated by the FCA (542574); OANDA Asia Pacific Pte Ltd licensed by MAS; OANDA Australia Pty Ltd regulated by ASIC (412981); OANDA Japan Co., Ltd FFA subscriber (1571). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, agency
  • Leverage: 1:50
  • Minimum Deposit: No minimum deposit required
  • Platforms: MT4 (desktop, iOS, Android), OANDA’S desktop platform, mobile platform (iPhone, iPad, Android)
  • Headquarters: OANDA Corporation is headquartered in New York City, USA
  • US Customers: Yes (but are unable to trade CFDs)
  • Other instruments: CFDs on indices, commodities, bonds, metals; spread betting
Try OANDA with a demo account

77% of retail CFD accounts lose money

  • Regulations: FCA
  • Minimum deposit: $100
  • Platforms: ActiveTrader, MT4, MT5/li>
  • InvestinGoal rank: 4/5


71% of retail CFD accounts lose money

4. ActivTrades

ActivTrades is one of few brokers that allow traders to spread bet on a variety of different platforms, including their ActivTrader, MT4, and MT5, which means traders can spread bet in a way they feel comfortable. They also claim to offer fully automated execution and allow traders to spread bet from a position as low as 10p up to £100.

  • Regulations: ActivTrades PLC is authorised & regulated by the FCA (434413) and the DSFA (2309); ActivTrades Corp is authorised & regulated by The Securities Commission of the Bahamas (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: STP, Market Maker, DMA
  • Leverage: Clients registered under ESMA regulation can access 1:30 leverage, while other retail traders can leverage up to 1:400
  • Minimum Deposit: No minimum deposit required
  • Platforms: ActivTrader, MT4, MT5
  • Headquarters: ActivTrades PLC is headquartered in London, UK
  • US Customers: No
  • Other instruments: Options; ETFs; CFDs on indices, international shares, commodities, bonds; spread betting (for UK-based clients) on forex, commodities, stocks, shares
Try ACTIV TRADES with a demo account

71% of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $250
  • Platforms: MT4, Trade Interceptor
  • InvestinGoal rank: 3.7/5


72.88% of retail CFD accounts lose money

5. ThinkMarkets

ThinkMarkets also allows positions as low as 10p and up to £100 and supports minimum increments as small as 0.00001. ThinkMarkets also stands out for being one of few brokers that allow spread betting on cryptocurrency as well and they do not charge any commissions on spread betting what so ever.

  • Regulations: TF Global Markets (UK) Limited is authorised & regulated by the FCA (629628); TF Global Markets (Aust) Pty Ltd licensed by ASIC (424700). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: STP
  • Leverage: 1:400
  • Minimum Deposit: $ 250
  • Platforms: MT4, Trade Interceptor
  • Headquarters: ThinkMarkets Group is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on shares, indices, metals, energies, cryptocurrency

72.88% of retail CFD accounts lose money

  • Regulations: FCA in the United Kingdom
  • Minimum deposit: NO
  • Platforms: LCG Trader, MT4
  • InvestinGoal rank: 4.5/5


79% of retail CFD accounts lose money

6. LCG

LCG is another broker that’s great for those who are looking for experience, building an excellent reputation in 20 years. With LCG, traders can spread bet on over 7,000 global markets using their web-based LCG Trader platform or MT4. The LCG Trader platform is particularly unique, boasting one-click trading, 70 technical indicators, and plenty of customisation.

  • Regulations: London Capital Group Limited authorised & regulated by the FCA (182110); London Capital Group (CYPRUS) Limited authorised & regulated by CySEC (341/17). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: No minimum deposit required
  • Platforms: MT4 (desktop, tablet, mobile), LCG TRADER (desktop, tablet, mobile)
  • Headquarters: LCG Group is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on spot metals, indices, shares, bonds, commodities, EFTs; vanilla options
Try LCG with a demo account

79% of retail CFD accounts lose money

7. ATFX

ATFX is another great choice for those who wish to spread bet with MT4 and for those looking for STP market access. They also allow hedging and there are no commissions to pay on trades. An additional bonus includes their free $100,000 demo account, which is more than enough to play around with.

8. Capital Index

Capital Index is an MT4 only broker that provides a mix of market maker and STP market access. Their service is relatively straight forward and is ideal for those who want to keep their spread betting simple and easy. One key benefit is their use of the LD4 and NY4 data centres, keeping execution speeds fast.

 

9. City Index

City Index are one of the most well-known spread betting brokers around, operating since 1983. They currently have over 4 million customers and supposedly handle over 1 million trades per day, proof of their success. When you sign up to spread bet with City Index you automatically get a free spread betting guide.

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