top spread betting platform

Introduction:

Spread betting is a popular form of financial trading that allows investors to speculate on the price movements of a wide range of financial instruments, including stocks, currencies, and commodities. It involves placing bets on whether the price of a particular asset will rise or fall, with profits and losses determined by the accuracy of the prediction. While spread betting can be a high-risk activity, it can also be highly rewarding for those who are skilled at anticipating market movements. In this article, we will look at some of the top spread betting platforms in the industry, assessing their features, usability, customer support, and overall reputation.

1. IG

Overview

IG is one of the most established spread betting platforms in the industry, having been founded in 1974. It offers a wide range of financial instruments to trade, including over 17,000 markets across stocks, currencies, commodities, and indices. IG is also regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).

Features

One of the standout features of IG is its platform, which is user-friendly and packed with a range of powerful tools and features. For example, the advanced charts allow users to analyze market trends and identify potential trading opportunities, while the risk management features, including stop loss and limit orders, help to minimize losses. IG also offers a range of educational resources, including webinars, trading guides, and regular market analysis.

Customer Support

IG has a reputation for excellent customer support, with dedicated teams available 24/7 to assist with any queries or issues. The platform also features an extensive help center, where users can find answers to frequently asked questions and access a range of useful resources.

Overall Reputation

Overall, IG is widely regarded as one of the best spread betting platforms in the industry. It has won numerous awards, including Best Spread Betting Platform and Best CFD Provider at the 2020 Shares Awards. While the platform fees can be slightly higher than some competitors, the wealth of features and exceptional customer support make it a top choice for many investors.

2. CMC Markets

Overview

CMC Markets is another established spread betting platform, having been founded in 1989. It offers a similar range of financial instruments to IG, including over 9,500 markets across stocks, currencies, commodities, and indices. CMC Markets is also regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Monetary Authority of Singapore (MAS).

Features

One of the standout features of CMC Markets is its proprietary platform, which is highly customizable and intuitive to use. It offers a range of advanced trading tools, including technical analysis, risk management features, and social trading capabilities. CMC Markets also offers a range of educational resources, including webinars, articles, and podcasts.

Customer Support

CMC Markets has a reputation for excellent customer support, with dedicated teams available 24/5 to assist with any queries or issues. The platform also features an extensive help center, where users can find answers to frequently asked questions and access a range of useful resources.

Overall Reputation

Overall, CMC Markets is highly regarded in the spread betting industry, having won numerous awards, including Best Online Trading Platform at the 2020 City of London Wealth Management Awards. While the platform fees can be slightly higher than some competitors, the excellent range of features and exceptional customer support make it a strong contender for anyone looking for a top spread betting platform.

3. Spreadex

Overview

Spreadex is a UK-based spread betting platform that has been operating since 1999. It offers a range of financial instruments to trade, including stocks, currencies, and indices, as well as sports spread betting. Spreadex is regulated by the Financial Conduct Authority (FCA) in the UK.

Features

One of the standout features of Spreadex is its platform, which is well-designed and easy to use, offering a range of powerful tools and features. The platform also offers a range of trading strategies, including expert trading tips and trading signals. Spreadex also offers a range of educational resources, including webinars, articles, and guides.

Customer Support

Spreadex has a reputation for good customer support, with dedicated teams available 24/5 to assist with any queries or issues. The platform also features an extensive help center, where users can find answers to frequently asked questions and access a range of useful resources.

Overall Reputation

Overall, Spreadex is a solid choice for anyone looking for a reliable spread betting platform. While it may not offer the same range of features as some of its competitors, its user-friendly platform and strong reputation make it a popular choice among investors.

The editor says: Choosing the right spread betting platform is crucial for anyone looking to participate in this exciting and potentially lucrative form of financial trading. While there are many factors to consider, including the range of financial instruments offered, platform features, and customer support, the three platforms we have highlighted in this article are widely regarded as some of the best in the industry. By focusing on finding a platform that fits your needs and goals, you can maximize your chances of success when spread betting.