Financial Spread Betting Ireland Brokers

Compare Forex Broker consider these brokers to be the best spread betting brokers for Irish traders

  • Pepperstone - The Overall Best Spread Betting Brokers For Irish Traders
  • OANDA - The Top Charting and Analysis Tools Broker For Spread Betting
  • City Index - A Spread Betting Broker on MetaTrader 4 (MT4)
  • IG Group - The Best Spread Betting Broker For Beginner Traders
  • CMC Markets - A Best Spread Betting Product Range Broker
  • ThinkMarkets - The Best Mobile App For Spread Betting
  • SpreadEX - The Top Sports and Financial Spread Betting Broker
  • FXCM - The Best Broker for Small Bets
Pepperstone
City Index
CMC Markets
FXCM
Our Rating
98
66
69
72
Smart Trader Tools
Trade in 4,500 markets
Offers both CFD and Stock trading
Large range of trading platforms

Regulations and Licenses

Feature
Pepperstone
City Index
CMC Markets
FXCM
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cyprus)
CIRO / IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
SCB (Bahamas)
Unregulated

Brokerage

Feature
Pepperstone
City Index
CMC Markets
FXCM
EUR/USD Avg. Raw Spread
0.10
0.07
0.5
0.30
GBP/USD Avg. Raw Spread
0.40
0.011
0.9
0.90
AUD/USD Avg. Raw Spread
0.20
0.8
0.6
0.40
EUR/USD Standard Spread
1.10
0.70
1.12
1.3
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
1.40
1.1
1.30
1.4
AUD/USD Avg. Standard Spread
1.20
2.2
1.64
1.7
Commissions (USD Base)
$3.50
$2.50
$2.50
$3.00
Minimum Deposit
$0
$150
$0
$300
Swap Free Account
No Inactivity Fees
Funding Methods
16+
6+
6+
8+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
City Index
CMC Markets
FXCM
Currency Pairs
62+
84+
338+
42+
Cryptocurrency CFDs*
12+
25+
19+
7+
Index CFDs
14+
21+
46+
13+
Share CFDs
300+
4500+
9,000+
15+
Commodities CFD
9+
46+
124+
12+
Stockbroking
-
9,000+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
400:1
500:1
200:1
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
500:1
400:1
500:1
200:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
400:1
500:1
200:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
Retail Max. Leverage (Canada)
-
Major Pairs: 52:1
Minor Pairs 16:1
Major Pairs: 50:1
Minor Pairs: 33:1
Retail Max. Leverage (Singapore)
Major Pairs 20:1
Minor Pairs 10:1
Major Pairs 20:1
Minor Pairs 10:1
-
Pro. Max. Leverage (Singapore)
50:1
500:1
-
Retail Max. Leverage (New Zealand)
-
-
Balance:
0-50k 400:1
50k+ 200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
City Index
CMC Markets
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
City Index
CMC Markets
FXCM
Our Rating
980
660
690
720
 

Who are the best Spread Betting Ireland Brokers?

Spread betting is an alternative form of trading the financial markets. It involves speculating on the direction of a financial market without actually taking a position in or owning the underlying asset. With this derivative trading strategy, we have come up with a list of the best financial spread betting brokers for Irish traders.

1. Pepperstone The Overall Best Spread Betting Brokers For Irish Traders

Pepperstone

Forex Panel Score

98

Average Spread

EUR/USD = 0.1
GBP/USD = 0.4
AUD/USD = 0.2

Trading Platforms

MT4, MT5, cTrader, TradingView, Capitalise.ai

Minimum Deposit

$0

Why We Recommend Pepperstone

We recommend Pepperstone because of its stellar performance overall as a broker for spread betting in Ireland. According to our tests, Pepperstone offers tight spreads (as low as 1.0 pip on EUR/USD) and ultra-fast execution speeds, with no commissions charged on spread bets.

Moreover, we liked that Pepperstone is available across multiple trading platforms and tools, including MT4, MT5, TradingView, and cTrader. Pepperstone also received a perfect 10/10 score in our customer service test thanks to its highly responsive and helpful support team available 24/7.

Pros & Cons

  • Competitive spreads in spread betting
  • Ultra-fast execution speeds
  • Available on all popular trading platforms and tools
  • Spread betting with 4 platforms
  • PayPal is the only e-wallet option
  • Live chat lacks spread betting knowledge

Broker Details

Pepperstone is regulated by the FCA which means they are a good option for traders in northern Ireland and the UK. Pepperstone does not offer spread betting in Ireland only Northern Ireland. We did an in-depth review of Pepperstone spread betting.

Pepperstone Forex Spread Betting Fees

Pepperstone is one of the best spread betting brokers thanks to tight spreads and ultra-fast execution speeds. The brokers spread betting trading account is commission-free (traders paying no commission fees on top of the spread). Minimum spreads for major currency pairs are some of the best available, with the EUR/USD as low as 1.0 pip.

When comparing spreads to other top brokers, Pepperstone offers incredibly competitive spreads, especially when it comes to major currency pairs that include the Great British Pound (GBP) or Euro (EUR). Pepperstone’s average spreads for these currencies are include 1.44 pips for the GBP/USD and 1.22 pips for the EUR/JPY.

1.40 1.60 2.00 1.50 1.10
1.10 2.20 1.60 1.60 0.70
1.66 1.62 2.27 1.98 1.13
1.30 1.80 1.55 1.32 1.12
1.40 2.40 1.70 2.10 1.30
1.50 1.40 1.50 1.40 1.10

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

No minimum deposit is required to open a Pepperstone spread betting account, although the broker recommends at least £200 to start trading. Please note, although spread betting is commission-free, you are are still liable to pay swap rates if positions are held open overnight.

Spread Betting Pepperstone Spread Betting

Pepperstone Spread Betting Trading Platforms

When spread betting with Pepperstone you can use either MetaTrader, MetaTrader 5 or cTrader. These trading platforms offer a great range of trading tools to help you develop spread betting strategies, such as Expert Advisors or cBots for automation and technical analysis such as indicators.t.

To conduct market analysis, extensive inbuilt charting tools and technical indicators are available. If you want to also automate your technical analysis, Pepperstone freely offers Autochartist. Autochartist is a market scanner that saves you time by automatically searching for different spread betting opportunities.

Tax-Free Trading & FCA Regulation

In Ireland, financial markets are monitored and regulated by the Irish Financial Services Regulatory Authority which is part of the Central Bank of Ireland however brokers with the Financial Conduct Authority (FCA) in the United Kingdom can also offer Spread betting services to Irish traders. All other major financial hubs around the world, i.e. Australia (regulated by ASIC), South Africa (FSCA), Cyprus (CySEC) or Singapore (MAS) do not allow spread betting.

While you can spread bet on a range of asset classes, the FCA recently introduced a regulation that banned retail traders from accessing crypto markets. To trade crypto as CFDs, you will need to sign up to a broker regulated by authorities like ASIC, FSC or CySEC.

As mentioned, a major advantage to spread betting is the beneficial tax treatment due to no Capital Gains Tax (CGT). Irish and UK tax laws require anyone trading CFDs to pay CGT on all profits made. Conversely, profits made from spread betting are CGT exempt as the trading activity is officially classified as gambling.

Both CFD trading and spread betting are not subject to stamp duty.

Tax Treatment: CFD Trading vs Spread Betting Capital Gains Tax (CGT) Stamp Duty
Spread Betting
CFD Trading

Pepperstone: The Best Spread Betting Broker Overall

As spread betting profits are not subject to stamp duty or Capital Gains Tax, spread betting is seen as a more tax-efficient style of trading than traditional CFDs. With ultra-tight spreads, a great range of trading tools and the best trading platforms currently on the market, Pepperstone provides an excellent trading environment for spread betting.

Note that only residents of the UK and Ireland are able to sign up for a spread betting account with the broker’s UK subsidiary.

View Pepperstone ReviewVisit Pepperstone

2. OANDA The Top Charting and Analysis Tools Broker For Spread Betting

OANDA

Forex Panel Score

80

Average Spread

EUR/USD = 1.4
GBP/USD = 2
AUD/USD = 1.4

Trading Platforms

MT4, TradingView, OANDA Trade (fx Trade)

Minimum Deposit

$0

Why We Recommend OANDA

Although all brokers offer some charting capabilities, OANDA had the most advanced offering in our assessments. On its proprietary OANDA Trade platform, you can generate up to 11 customisable charts and use scores of different drawing tools for trend lines and other predictions. You can also trade directly on these charts.

Moreover, OANDA gives you access to over 65 technical indicators to help you conduct better market analysis and time your market entry accurately. For better accuracy, OANDA also offers fundamental analysis tools, including an economic calendar and real-time news alerts.

Pros & Cons

  • Access to over 65 technical indicators
  • Over 11 customizable chart options and advanced charting
  • Access to a wide array of trading products
  • Proprietary trading platform
  • No negative balance protection
  • No guaranteed stop-loss order

Broker Details

Spread betting is only available to OANDA Europe Ltd customers who reside in the UK and Northern Ireland. If you reside in Ireland, you will not be able to apply for a spread betting account with Oanda.

Oanda offers two trading platforms for spread betting – Oanda Trade and MetaTrader 4 (MT4). To get the most out of Oanda’s suite of tools, it is recommended to use the broker’s proprietary platform, Oanda Trade.  When using this platform to spread, a great range of advanced analysis tools are available thanks to the broker’s partnership with Trading View.

Oanda Trading View Spread Betting

The third-party charting software allows you to conduct sophisticated analysis, with over 65 technical indicators 11 customisable charts plus various drawing tools and timeframes.

As well as being able to trade directly from charts, users can use up to eight different charts simultaneously, in one layout. A great range of fundamental analysis tools is also available on Oanda Trade, with a comprehensive inbuilt economic calendar and real-time news powered by Dow Jones FX Select.

Oanda Economic Calendar Spread Betting

When using Oanda Trade to spread bet you can access forex, commodity, index, precious metal and bond markets. Oanda Trade demo accounts give you a chance to explore the broker’s features in a risk-free environment, including Trading View charting tools and the different fundamental analysis tools.

3. City Index A Spread Betting Broker on MetaTrader 4 (MT4)

City Index

Forex Panel Score

66

Average Spread

EUR/USD = 0.07
GBP/USD = 0.011
AUD/USD = 0.8

Trading Platforms

MT4, TradingView, Web Trader

Minimum Deposit

$0

Why We Recommend City Index

In our tests, City Index gave us the best experience when using the City Index Trading platform. We liked how the platform includes a guaranteed stop loss and has unique tools like ‘Performance Analytics’ which is like a trading coach.

City Index has an impressive range of markets, you can bet on including commodities and indices 84 Forex pairs, 25 Cryptos and 20 Indices and 4,500+ stocks.

Additionally, we score City Index a 9/10 with customer support/.

Pros & Cons

  • Offers a wide array of trading instruments
  • Has advanced charting and fundamental analysis tools
  • Outstanding customer support services
  • Minimum deposit of $150 ($250 for debit/credit cards)
  • Charges inactivity fee

Broker Details

City Index is a well-respected broker that is regulated by the Financial Conduct Authority (FCA) and will accept applications from Ireland and Europe mainland. If you’re in the UK then we recommend you view the best spread betting platform UK page. City Index is seen as trusted and transparent because, in addition to FCA oversight, the broker’s parent company (Gain Capital) is listed on the New York Stock Exchange.

Market access is provided to a good range of asset classes including forex, indices and commodities products. If you want to spread bet forex on MetaTrader 4, City Index is a great option for Irish traders with over 65 major, minor and exotic currency pairs.

When spread betting with City Index, you can place daily funded bets, rolling dailies or quarterly bets. Maximum leverage of 30:1 is permitted by the broker, along with a minimum stake of £0.50 per point.

To open a spread betting account with City Index, you will be required to make an initial minimum deposit of £100. To deposit and withdraw funds from your trading account you can use debit or credit cards, bank transfers or PayPal.

Spread Betting City Index Spread Betting

When spread betting with City Index, you can choose from the following products

  • Forex
  • Commodities
  • Metals

MT4 Trading Platform

MetaTrader 4 is the most popular forex trading platform designed for retail investor accounts. The software is well-suited to all levels of experience, with features like Autochartist to help beginners plus sophisticated algorithmic tools for experienced traders.

MetaTrader 4 City Index Spread Betting

When spread betting, MT4 users can utilise the following tools to develop trading strategies and manage risk.

MT4 City Index Spread Betting

  • Automated trading with Expert Advisors, written using the MQL4 programming language, or downloaded online from the MetaTrader Marketplace.
  • Advanced charting tools including technical indicators, drawing tools, chart types and timeframes.
  • Fundamental analysis tools with an economic calendar, alerts and notifications as well as market analysis.
  • Risk management tools with different order types.

Why City Index Spread Betting

City Index offers a demo account where you can practice spread betting in live trading conditions. Utilising demos before you start trading will give you an opportunity to test out the different trading tools you can use to develop strategies in a risk-free environment.

4. IG Group The Best Spread Betting Broker For Beginner Traders

IG Group

Forex Panel Score

71

Average Spread

EUR/USD = 0.16
GBP/USD = 0.59
AUD/USD = 0.29

Trading Platforms

MT4, IG Trading Platform, L2 Dealer, ProRealTime

Minimum Deposit

$0

Why We Recommend IG Group

IG Group are the creators of the spread betting concept and we were impressed with the range of products they have. You can bet on just about any finance-related market including Forex, shares, metals like gold and even interest rates, options and futures.

We liked IG the most because of how easy it was to set up for beginner traders. Most outstanding was the IG Academy, a free but resourceful library of trading knowledge with easy-to-digest videos, quizzes, and interactive articles. This allows new traders to quickly understand spread betting and other forms of trading before taking positions in the market.

Pros & Cons

  • Comprehensive trader education videos, articles, and quizzes.
  • Supports MT4, L2 Dealer, and ProRealTime trading platforms
  • Offers negative balance protection and optional guaranteed stop-losses
  • Fast trade execution speeds
  • Minimum deposit of $250 for debit/credit cards
  • Offers poor leverage levels for pro accounts

Broker Details

IG is an online broker regulated by 11 different financial authorities around the world. CMC Markets uses two regulators for Irish residents, these are

  • CMC Markets Germany GmbH regulated by the German Federal Financial Supervisory Authority (BaFin) – registration number 154814
  • CMC Markets UK plc and CMC Spreadbet plc which are with the Financial Conduct Authority under registration numbers 173730 and 170627

If you wish to spreadbet, then you need to make sure you signup with CMC Markets UK plc as they have the appropriate licencing to offer Spreadbets.

When spread betting forex with IG you can maximise your gains by using leverage up to 30:1. Both quarterly and daily funded bets can be placed, with a minimum stake of £0.50 per point.

Although IG does not require you to deposit any specific amount when opening an account, one pitfall of the broker is a $300 minimum deposit when depositing funds via credit card, debit card and PayPal.

The broker offers six different trading platforms to choose from suited to different levels of experience. If you are new to spread betting, MetaTrader 4 (MT4) and IG’s proprietary online trading platform will be the easiest to navigate initially.

IG Spread Betting

Educational Resources for Beginners

Before you start trading, educational materials can help you wrap your head around how spread betting works. IG provides a good range of information online covering how to spread bet, the benefits as well as risk management techniques. The IG Academy is an excellent resource for beginners, as you can work through a course that includes interactive activities, quizzes and videos.

Educational Resources Demo Account IG Spread Betting

As well as the IG Academy, which takes beginner traders through the basics, the broker offers many educational articles online. For instance, articles explaining what bet sizes are, using FTSE 100 as an example.

What is the Bet Spread Betting IG Spread Betting

Demo Accounts

As a beginner trader, demo accounts are an incredibly valuable educational resource. Like CFD trading, spread betting comes with a high risk of losing money. Demos allow you to practise trading volatile and complex instruments with virtual account balances, rather than risking real money.

5. CMC Markets A Best Spread Betting Product Range Broker

CMC Markets

Forex Panel Score

69

Average Spread

EUR/USD = 0.5
GBP/USD = 0.9
AUD/USD = 0.6

Trading Platforms

MT4, CMC NGEN

Minimum Deposit

$0

Why We Recommend CMC Markets

Our tests revealed that CMC Markets has one of the largest product ranges for traders in Ireland. You can bet access 9,500+ products with CMC markets. This includes indices, commodities, treasuries, and shares, and ETFs.

Moreover, our tests revealed that CMC markets have competitive spreads (starting from just 0.7 pips) across all these markets, making your trading cost-efficient. Spread betting is with the MT4 and CMC Market’s proprietary Next Generation platform.

Pros & Cons

  • 9,500+ products to choose from
  • No charges on deposits
  • Available on MT4 and CMC’s Next Generation platform
  • Competitive spreads for cost-effective trading
  • Imposes overnight holding costs
  • Charges guaranteed stop-loss order fees
  • Charges inactivity fee

Broker Details

CMC Markets is a Spread Betting and CFD Broker with an excellent range of tradeable products. View our CFD trading and spread betting page to understand the difference.

Compared to other spread betting companies, CMC Markets provides the best market access to over 9,500 products to choose from. Seven different asset classes can be included in your spread betting strategies, being forex, commodities, shares, ETFs treasuries and indices.

Product Range CMC Market Spread Betting

Tight Spreads Across Markets

CMC Markets customers can trade thousands of global markets with low minimum spreads.

  • Forex: Minimum spreads of 0.7 pips (EUR/USD, USD/JPY and AUD/USD)
  • Commodities: From 0.3 pips (gold and natural gas)
  • Indices: From 1 (UK100, Germany 30, Australia 200)
  • Treasuries: From 2 (Euro Bund, UK Gilt)
  • Stock Markets and ETFs: Additional spread 1-4 cents for shares from the United States, or 0.1% elsewhere.

To execute spread betting strategies you can use the broker’s proprietary trading platform, Next Generation.

Available as a desktop platform or mobile apps, the software provides a diverse selection of trading tools such as technical analysis and charting features, client sentiment data and pattern recognition scanners.

CMC Markets Pattern Scanner Spread Betting

With over 9,500 different financial instruments to bet on, CMC Markets provides some of the best market access currently offered to retail investor accounts. Spreads are competitive across all asset classes, and a good range of trading tools are available to help you develop diversified spread betting strategies.

6. ThinkMarkets The Best Mobile App For Spread Betting

ThinkMarkets

Forex Panel Score

70

Average Spread

EUR/USD = 0.1
GBP/USD = 0.3
AUD/USD = 0.2

Trading Platforms

MT4, MT5, ThinkTrader

Minimum Deposit

$0

Why We Recommend ThinkMarkets

We tested spread betting across all brokers with trading mobile apps, where we had the best experience with ThinkMarkets. ThinkTrader, a proprietary platform and app, offers a user-friendly design with powerful features, including technical analysis tools for positional trading. Moreover, it supports one-click trading, with history reports for better preparation for market entry.

ThinkMarkets also supports MT4 and MT5, both of which also have excellent mobile apps. Additionally, our tests revealed that ThinkMarkets has tight spreads averaging about 0.4 pips for EUR/USD, low fees, and commissions, making them a cost-efficient trading partner.

Pros & Cons

  • Robust and user-friendly mobile trading app
  • Tight spreads, low fees, and commissions
  • Excellent customer support services
  • Provides educational resources for beginners
  • Fewer trading products than most brokers
  • Commissions may apply for users with a Think Zero account

Broker Details

ThinkMarkets is a top broker that offers CFD trading and spread betting services. Spread betters gain access to a good range of markets, with forex, indices and commodities available.

ThinkMarkets Spread Betting ThinkTrader

The broker’s proprietary trading platform, ThinkTrader, is available as a fully functional spread betting app. The trading app is incredibly popular, with over 15,000 five-star App Store reviews.

ThinkMarkets Spread Betting ThinkTrader Features

Mobile App Trading Tools:

  • User-friendly, quad screen display
  • Full range of technical analysis tools
  • One-click trading
  • Fundamental analysis features with real-time news
  • In-app account balance management (deposits and withdrawals)
  • Trading history reports
  • Cloud-based notifications and alerts
  • Market scanning software (TrendRisk Scanner)

ThinkMarkets Spread Betting Tools ThinkTrader Features

If you want to trade on the go and stay up to date with markets regardless of where you are, ThinkMarkets mobile app is considered one of the best. The fully functional mobile apps provide similar tools to desktop trading platforms, with various analysis tools with a mobile-friendly design.

7. SpreadEX The Top Sports and Financial Spread Betting Broker

SpreadEX

Forex Panel Score

31

Average Spread

EUR/USD = 0.84
GBP/USD = 1.37
AUD/USD = 0.83

Trading Platforms

TradingView, SpreadEX Trading Platform

Minimum Deposit

$0

Why We Recommend SpreadEX

Unlike other spread betting brokers, we liked Spreadex to bet on both sports and financial products. Spread betting on sports like football, cricket, golf, tennis, and other sports opens you to new opportunities for potential upsides

The SpreadEx platform comes with tools to analyse the markets, view pre-match statistics, and manage risks with limit and stop-loss orders.

Pros & Cons

  • Unique sports spread betting feature
  • Offers live streams for sports events
  • Live alerts and notifications
  • Requires different accounts for sports and financial spread betting

Broker Details

As well as financial markets, certain brokers offer spread betting on different sports events. With a wide range of products available, Spreadex is a great choice if you want to switch between sports and financial spread betting.

Spread Betting Spreadex Spread Betting

Sports Spread Betting Account Type

Rather than spread betting on financial instruments like forex, traders can spread bet thousands of sporting events as a Spreadex client. The most popular sports to spread tend to be Football, Cricket, Horse Racing, Golf and Tennis, although more unique events are available such as UFC, Table Tennis and Politics.

Sports Spread Betting Spreadex Spread Betting

As well as the online trading platform designed for sports spread betting, the broker’s proprietary mobile app allows you to:

  • Analyse markets and events with advanced charting tools.
  • Live stream events straight from your trading platform and desired device.
  • Keep up to date with price alerts and notifications.
  • Access pre-match statistics for major football events.
  • Manage your risk with stop loss and limit order types.

As well as spread betting, traders can also place traditional fixed odds bets as a Spreadex customer.

Spreadex Sports Spread Betting

Financial Spread Betting Account Type

If you are purely wanting to focus on financial spread betting, you can develop strategies with the following products: forex, futures, stock markets, indices, commodities, ETFs, options, interest rates and bonds.

Overall, Spreadex offers a unique spread betting product range compared to other brokers. The selection of financial markets, sporting and other events is diverse, ranging from interest rates to cricket and politics.

Note: Spreadex has different accounts for sports betting and financial spread betting.

8. FXCM The Best Broker for Small Bets

FXCM

Forex Panel Score

72

Average Spread

EUR/USD = 0.3
GBP/USD = 0.9
AUD/USD = 0.4

Trading Platforms

MT4, TradingView, Trading Station, Capitalise.ai

Minimum Deposit

$50

Why We Recommend FXCM

If you have limited capital, our research reveals that FXCM is the best broker to use if you prefer smaller bet sizes. Small bets can be an excellent risk management strategy for new traders and scalpers, minimising your exposure to volatile markets.

From our tests, FXCM is available on MT4, Ninjatrader, and Trading Station, three stellar platforms. Additionally, FXCM supports demo accounts, which can be ideal for self-education and practice trading.

Pros & Cons

  • Supports smaller bet sizes
  • Tight spreads
  • Supports MT4, Ninjatrader, and Trading Station
  • Supports social trading
  • Guaranteed stop-loss orders at an extra fee
  • Available for Nothern Ireland and not Ireland
  • Requires minimum $50 deposit

Broker Details

Due to Brexit, FXCM UK will not accept applications from Ireland however will accept applications from Northern Ireland.

FXCM is a spread betting and CFD provider that offers smaller bet sizes than other top brokers. If you are new to spread betting, placing smaller bets will help you manage the high risk of trading by minimising your exposure. Unlike other brokers, FXCM allows traders to place bets from just 7 points per stake.

FXCM Spread Betting Benefits

As well as smaller bet sizes, FXCM offers a great range of risk management tools suited to both beginner and experienced traders. Basic risk management techniques such as stop-loss orders can be attached to bets. Alternatively, traders can pay a small fee to place premium orders like guaranteed stop losses.

  • Stop-loss order: To limit potential losses by closing a position at a pre-specified price if markets move in an unfavourable direction.
  • Guaranteed stop loss (GSLO): GSLO’s eliminate the possibility of slippage that occurs with basic stop-loss orders.

When spread betting with FXCM you have the option of three different trading platforms all available as desktop, web and mobile apps – MetaTrader 4, NinjaTrader and Trading Station.

To practice trading smaller bets while trying out the broker’s different risk management tools, demo accounts are available for all three platform options.