Spread Betting App

Markets.com – Top UK Spread Betting Account

Markets.com is a highly recommended spread betting brokerage app available to UK residents. They offer an expansive range of markets, but spread betting is only available on their Marketsx platform.  Markets.com only offers one standard account type making it easy for you to compare their competitive spreads.

Markets.com Platforms

Markets.com has a flexible and easy-to-use trading platform called Marketsx which is available on Android and IOS devices. They offer a free demo account to traders that are unfamiliar with the platform or lack sufficient trading experience and want to try out the full range of features. Some of the features that are available are listed below:

• Sentiment tools: Overall trends in trading, news alerts, analyst recommendations, and signals.
• Technical analysis: Marketsx has a leading range of technical analysis tools available including a feature that allows comparisons between different markets.
• Fundamental analysis: Displays real-time financial news that can affect the direction a market might move.

Markets.com Range of Markets

Choosing Markets.com means competitive spreads for a large range of products and no commissions. Markets.com offers some unique products you won’t find with other brokers, for example, there are 13 blends. Blends are stocks grouped together by a sector or themes to form an index. Markets allow you to choose a diverse range of themes such as Buffet, Cannabis and Social Media.

• More than 60 forex pairs including EUR/USD & GBP/USD
• 40 index funds including USA 30 and UK 100 with futures also available
• 17 different share CFD’s including Facebook, Tesco, and Vodafone
• 28 commodities including Gold, Silver, and Crude Oil
• 13 stock-basket blends including trading E-Commerce, Social media, and Cannabis
• Over 60 ETF funds including Lithium & Battery tech, and Emerging Markets

Markets.com Spreads

Markets.com offers very competitive spreads compared to all of its competitors because they operate a market-making trading model with no commission. Markets.com doesn’t offer average spreads on their standard account like most of their competitors. In saying that below is a snapshot of some of their live spreads, and we can see that their rates are on-par or lower than their competitor’s lowest spreads, giving them an edge in having some of the lowest spreads for spread betting apps.

Markets.com Conclusion

Markets.com has an advanced trading platform app called Marketsx, which has a wide range of products to spread bet on. The competitive spreads that markets.com offers make it one of the best with no commission costs on any of the trades.

View Markets.com Review >>Visit Markets.com >>

CMC Markets – Best Spread Betting For Beginners

CMC has the best range of markets and low spreads on its cutting-edge next-generation platform. CMC Markets offer clients the choice of over 11,000 financial instruments to spread bet on with an educational center where professional or beginner traders can learn something.

CMC Platforms

CMC markets have a platform that has won the Investment Trends best mobile/tablet app award every year from 2013-2019 and has been specially built for spread betters. They have an industry-leading charting package that includes features like:

• Over 115 indicators & 70 chart patterns
• Price projection tool
• Face or fingerprint ID built-in
• Advanced order types including; stop loss, partial closures, market orders, and boundary orders
• Pattern recognition scanner
• Client sentiment tracker
• 99.9% fill rate
• High platform stability at 99.95% uptime
• Multiple open positions

CMC Spreads & Range of Markets

CMC offers the best range of markets with over 9500 instruments available. Their spreads start as low as 0.7 pips for major forex pairs like EUR/USD. There is no commission charged but traders can incur fees for premium order types, overnight held positions, and inactive accounts for longer than 12 months.

–    The fees for having an inactive account are expensive at £10 per month, but when the account is activated again CMC will refund you up to 3 months (£30 max) back. There is also negative balance protection as inactive accounts can’t have negative balances.

–    The overnight charges are either a positive or negative balance depending on the overnight swap rates if the position is held for longer than a day. This is not a massive charge to the position but is something to be noted.

–    Premium order types include guaranteed stop losses (GSLO’s) which for a fee will guarantee that the order is closed by the client regardless of the pricing at the next open.

CMC Educational Resources

CMC has one of the best educational centers for clients to access to help them become the best-spread bet trader possible. Some of these are listed below:

• A range of trading strategy videos
• Weekly emails about upcoming market events and price movements
• Podcasts
• Webinars and events
• Spread betting Ebooks
• Articles about spread betting tips for beginners and experts alike

View CMC Markets Review >>Visit CMC Markets >>

IG – Good Spread Betting Platform

IG is the online brokerage that invented spread betting back in 1974 and now gives you access to over 17,000 financial markets. Clients will also have access to multiple spread betting platforms that are available on Apple’s IOS for iPhone & iPad as well as Android devices.

IG Trading Platforms

IG offers a multitude of different platforms that can be used to trade on, but only a few will have access to spread betting. Their own online trading platform and mobile app available for IOS (iPhone & iPad) and Android will allow it as well as the most popular trading platform MetaTrader 4 (MT4). Between these trading platforms they come with an array of features:

• MT4 full range of tools and instruments which includes, stops, trailing stops, limits, and market orders.
• Watchlists and price alert notifications
• In-platform newsfeeds, economic calendars, and signals
• User-friendly customizable design
• Expert analysis functionality
• Automated algorithmic trading

IG Range of Markets and Costs

IG has the largest range of markets with over 17,000 different markets including shares, forex, and commodities. IG gives clients the option of hedging their share portfolio with spread betting on the asset that moves in the opposite direction to the shares. There are no commission costs when trading with IG as the costs are already built-in to the spreads.

IG offers out-of-hours trading on key indices, forex, and key US shares with ‘all session’ trading. Some of the markets that are tradable on IG are:

• Over 70 forex trading pairs including EUR/GBP
• 12,000 increasingly growing stocks
• More than 6000 ETF funds
• Indices including FTSE100, US 500, Germany 30, and more
• Commodities including Gold, Oil, and Gas

View IG Markets Review >>Visit IG Markets >>

City Index – Top Spread Betting Software

City index has one of the best trading platform apps with access to over 8,000+ financial markets for retail investor accounts. They are FCA regulated and follow their rules to hold client funds in segregated accounts in the case of liquidation. The platforms available for spread betting are their web application and mobile application available for free download to IOS devices and Android.

City Index Range of Markets & Costs

Spread betting on City Index means that clients can trade on margin whereas if they had a share dealing account then they would have to put forward the full amount of value. City Index offers fixed spreads or variable spreads for the full range of markets. The average spreads for the world’s most popular traded forex pair EUR/USD is 0.8 pips with it going as low as 0.5 pips. Some of the minimum spreads for the markets are listed below:

City Index Costs

City Index also has an overnight financing fee that they charge if the spread bet position is left for longer than a day, as this is the cost of borrowing or lending the underlying asset. The charge is 2.5% for both long and short positions. City Index also charges a small fee for guaranteed stop-loss orders upon triggering, this is to save a position if the market falls past a stop-loss out of activity hours. There is also an inactivity fee to the account if it is inactive for longer than 1 year of £12 per month.

City Index Platforms

City index has its own award-winning platform that is designed to suit any trader no matter what level of expertise. Their mobile applications have been specifically designed for Android and IOS users whether on a tablet or phone. Some of the main features that are included in the apps are:

• Customisable charts with more than 80 customizable indicators to help you perform technical analysis at the highest level
• Guaranteed stop-loss orders, trailing stops, market execution orders, and stop limits
• Reuters news
• Full range of markets

Spreadex – Good App For Sports Betting

Spreadex is an online brokerage that is mainly used for sports betting and financial spread betting for the last 20 years. A key advantage of this platform is that if the financial services spread betting gets a little uninteresting then it is easy to try out spread betting in the sports arena. Their online trading platform comes in application format for IOS and Android devices. Spreadex is regulated by the FCA and Gambling Commission for all of their spread bettings to UK residents.

Spreadex Range of Markets and Costs

Spreadex clients have the option of betting higher or lower than the broker’s spreads, therefore giving the opportunity to win or lose more money. With Spreadex being a multipurpose platform their range of markets is unique as it varies from Horse racing to Gold. Some of the financial markets are listed below:

• Commodities such as Gold, copper, and Natural Gas
• Thousands of stocks
• Over 100 different currency pairs traded 24/5

Sports betting

• Horse racing
• Golf
• Football
• Rugby

Spreadex Platforms

Spreadex despite being a multi-industry trading platform includes some professional trading tools into its mobile apps that can be downloaded for free on Google play store and Apple’s App Store. Some of the main features of the app are listed below:

• Trade spread bets and CFD’s from the same Spreadex app
• Advanced charting tools with pro trend lines and pattern recognition
• Award-winning efficiency execution
• Advanced order types
• Price alerts from either email, text, or pop-up notification

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ETX Capital – Good Spread Bet Broker

ETX Capital is an FCA-regulated UK-based brokerage that offers spread betting to its clients with over 6000 tradable markets.  ETX customers have the option of choosing from a multitude of different platform apps that have spread betting enabled including ETX Trader pro, and ETX MT4.

ETX Capital Trading Platforms

ETX Capital uses its proprietary trading app called ETX TraderPro which comes with a variety of features including on-chart trading, customizable charts with over 80 technical indicators, flexible position sizing and order types, and annotations to easily analyze interactive charts. ETX TraderPro also includes secure login features with face and fingerprint recognition.

ETX Capital clients have the added benefit of using the world’s most popular MT4 trading app with spread betting enabled for its UK customers. One of the main benefits of using the MT4 platform is the use of expert advisors or trading robots to help execute trades. Trading strategies can be back-tested and once implemented will help you never miss an opportunity with your trading strategy. Other features of the MT4 mobile and tablet platform include:

• Fast execution speeds with 94% of trades taking 30 milliseconds or less
• Micro trading lots available
• Hedging long and short on the same market
• Advanced charting tools and indicators
• VPS services

ETX Capital Range of Markets and Costs

ETX Capital offers a good range of markets for spread betting with the spreads being as low as 0.8 pips for EUR/USD pair on the MT4 application. The spreads do vary between the MT4 platform and the ETX TraderPro platform as on their MT4 app they offer tighter spreads that are as low as 0.6 pips for EUR/USD.

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FXCM – Best Range Of Spread Bet Platforms

FXCM is an FCA-regulated broker that allows spread betting for UK clients. They allow spread betting on either their own Trading station mobile app platform, MetaTrader 4 app (MT4), or Ninja Trader (No app, just web platform). Unlike their CFD trading accounts, spread betting accounts pay no commission as all costs are counted into the spread. Combined with the tax benefit, this is a key reason why many UK residents decide to spread bet instead of trading CFD’s.

FXCM Platforms

FXCM clients can access the markets on 2 different mobile trading applications available for both IOS and Android devices. Between the world’s most popular MT4 app and Trading Station app they provide a variety of different features as listed below:

FXCM Range of Markets & Risk Management

FXCM has a wide range of markets available for spread betting including 10 different forex pairs, 7 indices including the S&P 500, 6 commodities, and over 15 stock shares.

Trading and spread betting can come with high risks of losing money or making a profit. If a broker has good risk management tools and features then this can help make you more money compared to losing it. FCMX has implemented such measures for its clients with the use of stop-losses, pending market orders, and take profit levels. Using the MT4 application, there is an expert advisor feature that can further help the trader make the right decisions.

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