The Best Spread Betting Platforms For Beginners

These Brokers Have Good Platforms For New Traders

  • Pepperstone Pepperstone - Best Broker For Spread Betting Overall
  • IG IG Markets - Top Trading Platforms For Beginners Traders
  • city index logo City Index - Has A Great MT4 Offering With No Commissions
  • FXCM FXCM - Good Spread Betting With Shares
  • avatrade logo Avatrade - Has Food Fixed Spreads For Trading

Pepperstone
IG
City Index
FXCM
AvaTrade
Our Rating
9.33
6.67
6.83
7.93
8.33
74% of retail investor accounts lose money when trading spread bets and CFDs with this provider
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider
73% of retail CFD accounts lose money
66% of retail investor accounts lose money when trading CFDs with this provider
71% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
IG
City Index
FXCM
AvaTrade
FCA (UK)

Brokerage

Feature
Pepperstone
IG
City Index
FXCM
AvaTrade
EUR/USD Avg. Raw Spread
0.17
0.17
-
0.22
0.3
GBP/USD Avg. Raw Spread
0.59
0.59
-
0.80
0.4
AUD/USD Avg. Raw Spread
0.24
0.3
-
0.40
0.5
EUR/USD Standard Spread
0.75
1.13
0.80
1.3
0.90
EUR/USD Fixed Spreads
-
-
0.90
Commissions (USD Base)
$3.50
$3.50
-
$3.00
-
Minimum Deposit
$0
$450
$150
$300
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
4+
6+
8+
7+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IG
City Index
FXCM
AvaTrade
Currency Pairs
62+
100+
84+
42+
55+
Cryptocurrency CFDs*
12+
12+
25+
7+
15+
Index CFDs
14+
34+
21+
13+
33+
Share CFDs
300+
12000+
4500+
15+
625+
Commodities CFD
9+
35+
46+
12+
30+
Stockbroking
-
-
-
Retail Max. Leverage (The 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
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
222:1
400:1
500:1
400:1

*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
IG
City Index
FXCM
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 FCA, ASIC
CySEC, DFSA
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1
Visit Broker > 6.83 ASIC, MAS - - - 145ms $150 84+ 25+ 30:1 500:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.22 0.80 0.40 150ms $300 42+ 7+ 30:1 500:1
Visit Broker > 8.33 AISC, FSCA
IIROC, ADGM
0.3 0.4 0.5 160ms $100 55+ 15+ 30:1 400:1