If you are looking for spread betting companies to compare, our list of top 5 spread betting companies could help you work out which company you want to open an account with.
IG markets is one of the spread betting companies that is often recommended. It is one of the longest standing and largest trading companies you could find. This means it can offer you a really big selection of markets to trade on. The firm also has a reputation for good customer service. When evaluating spread betting companies it is really important to take customer service and customer resources into consideration, as lower commission rates might mean you don’t get the support you might require. That said, IG markets is often under fire for having such high costs involved in its accounts and, surprisingly, has at times been found to be somewhat lacking in education materials.
The next of our top 5 spread betting companies is City Index. This company has proved popular due its free market research and technical research reports that are made available to traders. However, as with IG Markets, trading costs can be high. When evaluating each of our top 5 spread betting companies it is worth thoroughly checking all the details of costs involved and leverage limits to make sure this fits in with your plans. Although there is no point having expectations that the trading companies can never meet, it is good to draw up some rough expectations, requirements and limits and then see which trading company matches them the most, rather than just letting the spread betting companies dictate your requirements.
CMC Markets and Capital Spreads are two other spread betting companies that are noteworthy. CMC Markets offers a significant amount of educational materials, such as free tutorials. So, especially for new traders, it might seem more appealing than some of its competitors. Capital Spreads has a good record for trade execution and is perhaps a better choice for those interested in swing trading strategies. Accendo Markets is another of the spread betting companies out there worth considering. This is firm that offers plenty of resources for new traders, such as spread betting demos, to help you build your confidence. The company also stands out for its emphasis on a personalised service.
There are plenty of spread betting companies out there to choose from. However, the type of spread betting strategies you want to use might determine which company you go for. Do you need a company that has a good record for executing trades during periods of high volatility? Or are you more interested in finding a company that can give you access to the widest possible range of markets? Of course, if you are new to spread betting, you priority might be finding a spread betting company that will help you educate yourself and familiarise yourself with the markets. Whatever your needs, the top 5 spread betting companies are a good place to start in narrowing down the choices out there.
Risk warning: Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.