The UK regulator is The Financial Conduct Authority (FCA), which regulates financial spread betting brokers within the United Kingdom. We strongly recommend any UK trader select an FCA-regulated UK broker to avoid scams and ensure they can be trusted. This page only lists such brokers within the UK.

Best Spread Betting Platforms For Beginners

Our choice of the best brokers for those new to trading are:

  • Pepperstone - Best Beginner Spread Betting Platform
  • IG Markets - The Top Trading Platforms for Beginners
  • OANDA - Great Betting with MetaTrader 4 Platform
  • City Index - Good Risk Management when Spread Betting
  • Admirals - MetaTrader 5 has Best Range Of Betting Products
  • - Top Trading Indicators with TradingView
  • Avatrade - Good Broker for Fixed Spreads
  • SpreadEx - Best Broker for Minimum Deposits
Broker Our Rating Regulation Standard
EUR/USD Spread
GBP/USD Spread
AUD/USD Spread
EUR/USD Spread
GBP/USD Spread
AUD/USD Spread
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
9.33 FCA, ASIC
1.12 1.69 1.22 0.1 0.6 0.3 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
6.67 ASIC, FCA, BaFin
1.13 1.66 1.01 0.16 0.59 0.29 $6.00 174ms $450 100+ 12+ 30:1 200:1 Visit Site
0.6 0.9 0.7 - - - - - $0 70+ 4+ Visit Site
6.83 ASIC, MAS, FCA 0.70 1.1 2.2 0.07 0.011 0.8 $2.50 95ms $150 84+ 25+ 30:1 500:1 Visit Site
0.6 1 1 0.1 0.6 0.5 $3.0 132ms $100 122+ 37+ 30:1 500:1 Visit Site
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
- - - - - - - Visit Site
6.4 FCA - - - 0.82 1.62 0.77 - - £0 50+ - 30:1 - Visit Site

Who Are The Best Spread Betting Brokers For Beginners?

Spread betting is a popular alternative to trading contracts for difference (CFDs) with traders in the UK. One of the key advantages of spread betting over CFDs is that you do not need to pay Capital Gains Taxes.

We’ve collected our best spread betting brokers for beginners and ranked them based on the best features available.

1. Best Beginner Spread Betting Platform


Forex Panel Score


Average Spread

EUR/USD = 1.12
GBP/USD = 1.69
AUD/USD = 1.22

Trading Platforms

MT4, MT5, cTrader,

Minimum Deposit


Why We Recommend Pepperstone

We were particularly impressed with Pepperstone for a handful of compelling reasons. To start, they offer the quickest execution speed we’ve ever seen in the spread betting market. This, combined with some of the most competitive spreads and access to top-tier trading platforms, easily puts them in a league of their own—not just for spread betting, but as the best forex broker in the UK overall.

Our clincher was their award-winning customer service, bolstered by stringent tier-1 regulation from notable bodies.

Pros & Cons

  • Great spread betting platforms
  • Tight spreads for spread betting
  • Good range of markets
  • Lack of digital payment options
  • Crypto betting is not available
  • The demo account is limited to 30 days

Broker Details

We ranked Pepperstone as the best broker for beginners for its excellent spreads, fast execution speeds, and good choice of trading platforms.

Our team tested a number of spread betting providers to find which we think are the top candidates for you as someone new to spread betting. Based on these tests, we rated Pepperstone as our number one broker overall, where the broker scored 91/100 against our strict methodology. In particular, Pepperstone performed excellently for costs, platforms, trading experience, customer service, and a range of Market categories.

Key Strengths:

  • Low spreads for spread betting from 0.7 pips
  • Top range of trading tools to support beginners
  • Fast execution speeds
  • Beginner-friendly trading platforms

Pepperstone has Low Spreads for Spread Betting

We gave Pepperstone such a high score because of their low spreads, which start from 0.7 pips. Like with the broker’s Standard account for trading CFDs, commissions are included in the spread, meaning you know your spread cost when you place your bet.

pepperstone spread betting account UK

Since spreads account for a significant chunk of your betting costs, opting for a broker like Pepperstone that offers such competitive rates is beneficial. From the average spreads brokers provide on their respective websites, it’s clear that Pepperstone holds its ground against competitors.

Standard Account Spreads
1.12 1.22 1.40 1.69 1.47
1.13 1.01 1.71 1.66 1.12
1.20 0.90 1.50 1.80 1.80
1.20 1.40 1.50 1.60 1.50
1.10 1.20 1.40 1.50 1.20
1.10 1.30 1.30 1.30 1.30
0.70 2.20 1.10 1.10 0.60
1.20 1.80 1.90 1.90 1.60
1.32 1.95 1.37 1.70 1.40

Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/09/2023

Pepperstone accounts are easy to open

If this is your first time opening a broker account, you will be pleased to know that Pepperstone makes it simple and painless to sign up with them. We tested Pepperstone’s account opening process and found that it had a straightforward and easy-to-complete step-by-step application process.

To sign up for a live account, you will need to upload some form of ID, such as a passport or driver’s licence, to the secure client area. Once done, a personal account manager will contact you within 24 hours so you can get started.

With the ease of sign-up in mind, we gave Pepperstone 15 out of 15 and have documented our results in opening an account with a broker.

As an aside, we should also mention that obtaining a demo account is even easier. For a demo account, there is no requirement for you to provide ID or funding details. You can even sign up using your social media credentials. Once done, access to trading is immediate.

Trading Platforms for Spread Betting – MT4, MT5 and cTrader

Pepperstone leverages some of the best mainstream trading platforms available for spread betting. To help ensure you have a good experience, the broker also provides valuable trading tools to help you trade the markets.

MetaTrader 4

The MetaTrader 4 (MT4)platform is the standard spread betting platform offered by Pepperstone and has plenty of helpful features for beginner forex traders. The MetaTrader 4 platform comes with 30+ technical indicators and drawings that are easy to apply to the charts, so you can set up the charts how you want them.

MT4 is the most popular trading platform, so it is a safe choice. We like that you can use Expert Advisors or to automate your spread betting. allows you to create algorithms without knowing how to code.

MetaTrader 5

You can also use MetaTrader 5, which has extra features compared to MT4. This includes depth of market (DoM), more indicators (44 analytical tools and 38 technical indicators, 21 timeframes), and ladder trading. These features make MT5 an ideal choice if you are learning to scalp trade. Alternatively, you should choose TradingView if you want a wide range of technical indicators and social trading features.

In addition to extra trading tools, you can also bet on shares, limited with MT4. Like MT4, you can also automate your trading with EAs, but is unavailable.

AutoChartist For MT4 and MT5

We like that Pepperstone also provides beginners access to various trading tools. One such tool is the AutoChartist service, which is a service that provides technical analysis across a range of trading products. This is an ideal tool for beginners because you can learn about different chart patterns and how they react in the financial market. You could also use it to find potential trade ideas.

The AutoChartist tool simply plugs into your MetaTrader platform directly, and you can then receive notifications based on upcoming chart patterns and breakouts, which is useful if you want to be kept in the loop on any patterns emerging.

Pepperstone has Fast Execution Speed on MetaTrader 4

Execution speed is important for every trader (not just beginners) because it helps you get the prices you want without slippage. Slippage can harm your trading performance and increase your trading costs.

Our tests also found that Pepperstone had the fastest execution speed on the MetaTrader 4 compared to the other brokers. We found that they averaged 77ms for limit orders, which is important when you place your trades using a stop loss and take profit orders.

Limit Order Average Execution Speed

They also had a fast market execution speed of 100ms, which is useful to know if you need to enter a trade instantly.

market order average execution speed
Our Verdict on Pepperstone

Pepperstone stands out as our preferred broker for newcomers in the realm of spread trading. We recommend Pepperstone to beginner traders due to its superior trading tools and economical trading costs.

View Pepperstone ReviewVisit Pepperstone

2. The Top trading platforms for beginners


Forex Panel Score


Average Spread

EUR/USD = 1.13
GBP/USD = 1.66
AUD/USD = 1.01

Trading Platforms

IG Trading Platform, MT4,
L2 Dealer, ProRealTime

Minimum Deposit


Why We Recommend IG

We liked IG for its extensive range of tradeable products, and it quickly became evident that its proprietary platform stands out as the best spread betting platform in the UK for novices. With unique features like guaranteed stop losses and the benefit of commission-free trading, IG offers an optimised trading experience that’s hard to beat.

Pros & Cons

  • Solid demo account
  • Competitive low spreads
  • The IG Platform is beginner-friendly
  • Limited platform customisation
  • No account type variety
  • No social trading tools

Broker Details

IG logo

We’ve been impressed with IG as a forex broker providing spread betting for UK-based traders. What particularly stands out for us is their comprehensive range of trading platforms tailored to spread betting.

Whether you’re a price action trader looking for a simplified, clean interface or someone who wants automated trading, IG’s got you covered. Their in-house IG platform is excellent for those who prefer guaranteed stop losses and want a straightforward environment for their spread bets. Alternatively, if you like customising your trading space and automating your strategies, the MT4 platform is an ideal fit. For those who lean heavily on multiple technical indicators, ProRealTime is the platform of choice, with its robust set of automated technical analysis tools.

Key Strengths:best finma regulated broker

  • Has a decent demo account to test the broker
  • Low spreads from 0.6 pips
  • Access to the IG Platform (ideal for beginners

A Choice of Three Top Trading Platforms

We found the IG platform exceptionally well-designed, offering a clutter-free and distraction-free trading experience. This is especially beneficial if you’re starting and don’t want to be overwhelmed with excessive information. The platform has also evolved considerably since its early days, featuring a more robust set of tools and options.

Another feature we appreciate is their signal trading centre. It provides technical analysis focused on pattern recognition, offering insights into various chart formations such as wedges, flags, channels, and double tops. Plus, there’s commentary to help you understand each trade’s rationale. For beginners, this is an excellent resource for understanding how technical analysis manifests in real-time market conditions.

IG Trading Platform

Compared to the other platforms, ProRealTime has more technical analysis tools out of the box. What we like about ProRealTime is that it provides automatic support and resistance lines on your chart that update in real time.

To help you identify support and resistance lines, ProRealTime includes a built-in detector, which is helpful for when you are just starting out and unsure of the best places to draw these levels.ig spread betting platform

IG has Competitive Spreads for Spread Betting

We like that IG simplifies the trading accounts by offering one single account that can be used for all of the trading types (CFDs, investing, and Financial Spread Betting). The spreads on the spread betting start from 0.6 pips on EURUSD, which is one of the lower spreads we’ve tested in this list.

ig spread betting account for uk traders
Our Verdict on IG

Overall, we like that IG offers an excellent all-around broker service, but our particular highlight is the trading platforms available. The IG platform provides a clean and user-friendly platform without extra distractions, which is ideal if you are a beginner picking up trading for the first time.

View IG Markets ReviewVisit IG Markets

3. Great betting with MetaTrader 4 Platform


Forex Panel Score


Average Spread

EUR/USD = 0.6
GBP/USD = 0.9
AUD/USD = 0.7

Trading Platforms

MT4, TradingView,
OANDA Trade (fx Trade)

Minimum Deposit


Why We Recommend OANDA

We found OANDA a standout choice for its wide array of tradable assets, including an impressive 69 currency pairs and 21 bullion trading products, and it’s the MT4 compatibility that particularly caught our eye. With no commissions and competitive spreads starting from 0.6 pips, trading on MT4 with OANDA becomes economical. The platform supports Expert Advisors for those looking to automate their trading, adding another layer of convenience and efficiency.

Pros & Cons

  • Has premium MT4 plugins
  • Competitive spreads
  • Extensive variety of forex pairs for spread betting
  • Single account option only
  • No stock trading available
  • Customer support is not 24/7

Brokers Details

oanda logo

We’ve had solid experience trading with OANDA, mainly due to their array of extra plugins that enrich the MetaTrader 4 platform. If MT4 is your platform of choice for trading, OANDA should be high on your list of brokers to consider.

Key Strengths:

  • Has the OANDA MT4 Premium plugin that improves the platform
  • Competitive rates with spreads from one pip
  • Wide range of forex pairs to spread bet on

OANDA has Premium MT4 Plugins

MetaTrader 4 is standard among brokers, but OANDA takes it further by offering Premium MT4 plugins. These plugins bolster the MT4 platform with over 20 new trading indicators and more than 10 Expert Advisors (EAs), significantly expanding your trading toolkit.

A top feature that we like that is helpful for traders is that OANDA provides an Open Book indicator that integrates seamlessly with MetaTrader 4. This indicator shows all the current open positions and pending orders on OANDA at different price ranges, meaning you can see the sentiment of the financial market based on other traders. This is helpful as you can see where other traders place their trades and use it to confirm your trading bias.

Oanda Open Order Indicator tool

Another one of the plugin features we like is the Alarm Manager, which allows you to set up better trading alerts. For example, the default MT4 only allows you to set price alerts when the markets reach a certain price, this is useful if you trade with support and resistance levels but not if you trade with indicators. With the improved Alarm Manager plugin from OANDA, you can append trading alerts to notify you when your indicators do trigger a specific signal (like a moving average crossover has occurred or the RSI is above the 50 level).

OANDA’s Trading Accounts

OANDA’s standard trading account is spread-only and is the only account they offer for financial spread betting. It has spreads from one pip on the EUR/USD, so all of the trading fees are built-in to the spread, making it easier to understand.

You can trade over 70 forex pairs available to spread bet with OANDA (which is one of the largest available in the UK). Interestingly, OANDA also provides the metal markets with a range of cross currencies like Silver/JPY and Gold/JPY, which is appealing if you want to trade commodities.

oanda spread betting account products for uk traders
Our Verdict on OANDA

OANDA is a broker that specialises in spread betting forex and commodities, and although they lack the option to trade stocks, the broker does have the best range of forex pairs and gold/silver crosses available. When you pair this with the improved MT4 with better trading tools and market sentiment indicators, you get a top broker for MetaTrader 4 that is ideal if you want to focus on the fx markets or commodities.


4. Good Risk Management when Spread Betting

City Index
City Index

Forex Panel Score


Average Spread

EUR/USD = 0.07
GBP/USD = 1.1
AUD/USD = 2.2

Trading Platforms

MT4, TradingView,

Minimum Deposit


Why We Recommend City Index

We were impressed with City Index, particularly for its focus on risk management in spread betting. The broker offers excellent terms on spread betting for both forex and key indices like the FTSE 100 through their enhanced MT4 platform. Their guaranteed stop-loss option sets them apart, which provides an extra layer of risk protection. Combined with commission-free trading and competitive pricing, City Index is a solid choice for UK traders looking to manage risk effectively.

Pros & Cons

  • Guaranteed stop loss orders
  • Low competitive spreads
  • Wide range of markets for spread betting
  • Limited account type options
  • Proprietary platform learning curve
  • Can only spread bet using the Web Trader platform

Broker Details

city index logo

Risk management is crucial, especially if you’re just starting out in the trading world. In this regard, City Index is our recommended broker for superior risk management tools.

Key Strengths:

  • Has guaranteed stop loss orders on the City Index platform
  • Has Performance Analytics to provide trading insights about you
  • Low competitive spreads with typical spreads from 0.8 pips on EUR/USD
  • 8,500 markets to spread bet on

city index spread betting accounts and products for uk

City Index offers the Best Risk Management Tools

City Index’s proprietary platform combines an intuitive, beginner-friendly interface with some of the best market risk management and performance analytics tools. We particularly appreciate the guaranteed stop-loss orders feature. This feature can be invaluable if you’re a beginner because it ensures you won’t lose more than you’ve risked, acting as a financial safety net.

For example, with a regular stop-loss order, rapid market movements can result in ‘slippage,’ where your stop-loss order may be executed at a less favourable price, incurring additional losses. On the other hand, a guaranteed stop loss order ensures your order is executed at the specified price, safeguarding your trades from slippage. This tool is convenient for beginners who still need help with trading and market volatility.

Another top feature to help you with your financial spread betting is that they have a Performance Analytics dashboard that can highlight key areas of your trading performance to improve and give you statistics on your best types of trades. For example, your best trading asset could be GBP/JPY. So, it can reveal unique insights into your trading strengths and weaknesses, which is helpful while you are learning to trade.

Our Verdict on City Index

Overall, City Index is one of the few brokers that encourage you to analyse your trading performances frequently by providing you with an excellent set of tools to do so. Including guaranteed stop-loss orders also gives beginners a fail-safe approach to risk management. City Index also has a good selection of trading products and competitive spreads, making it a top-choice broker with good risk management tools.
City Index ReviewVisit City Index

*Your capital is at risk ‘71% of retail CFD accounts lose money’

5. MetaTrader 5 has Best Range Of Betting Products


Forex Panel Score


Average Spread

EUR/USD = 0.6
GBP/USD = 1.0
AUD/USD = 1.0

Trading Platforms

MT4, MT5

Minimum Deposit


Why We Recommend Admirals

We were impressed with Admirals, especially when offering a diverse range of betting products on the MetaTrader 5 platform. With decades of reliability, they’ve maintained a reputation for tight spreads and low commission rates that are hard to beat. Another noteworthy aspect is their comprehensive educational resources, making them a solid choice for traders looking to upskill.

Pros & Cons

  • Wide array of trading products
  • Spread betting is available on MetaTrader 5
  • Competitive low spreads
  • Has withdrawal fees
  • Higher minimum deposit compared to its competitors
  • No social trading tools

Broker Details

admirals logo

MetaTrader 5 (MT5) takes the MetaTrader 4 platform up a notch with enhanced features, including the ability to trade stocks in addition to forex, commodities, and indices. This makes MT5 particularly suitable for beginners interested in spread betting on stocks.

Key Strengths:

  • Good selection of trading products
  • Allows spread betting with MetaTrader 5
  • Competitive low spreads

Admirals Has A Large Selection of Trading Products

With Admirals, we’re looking at a diverse offering of over 3,500 trading products for spread betting. This includes more than 80 forex pairs encompassing majors, minors, and even exotics, which many spread betting brokers don’t commonly offer.

Admirals offers a remarkable selection of over 3,000 stocks across 17 different exchanges for those leaning towards stock trading. One advantage of spread betting here is that all transactions occur in GBP, eliminating the need for currency conversion and offering better rates on US stocks. Unlike MT4, which limits your ability to trade stocks, MT5 is designed to facilitate trades via central exchanges, making it apt for stock and cryptocurrency trading.

Another strong point for Admirals is the low spreads, which start from just 0.6 pips on major forex pairs. If you’re into stock trading, you’ll be pleased to know that you only pay the market-offered spread, which can vary from stock to stock.

admirals spread betting account for UK Traders
Our Verdict on Admirals

We find Admirals a strong choice for traders seeking diversity in trading products, high execution speeds, and competitive spreads. The broker shines, especially regarding its wide array of stock exchanges. If you’re in the market for a broker that offers an all-rounded trading experience, Admirals should be high on your list.

Admirals ReviewVisit Admirals

6. Top Trading Indicators with TradingView


Forex Panel Score

Average Spread


Trading Platforms

MT4, TradingView
Capital Web Platform CFD Trading App

Minimum Deposit

Why We Recommend

We found to be a standout option, with the extensive range of technical indicators available on TradingView surpassing what most other platforms offer. Unlike many brokers, offers the ability to spread bet directly through this platform, which we consider a significant advantage. TradingView is not only user-friendly but also rapidly growing in popularity among traders.

Pros & Cons

  • Spread betting with TradingView
  • Tight competitive spreads
  • Unlimited demo accounts
  • Can’t customise the web platform
  • Limited market analysis tools
  • No MetaTrader 5 platform

Broker Details logo

TradingView is an underutilised gem in the trading world, especially for those keen on spread betting. It’s beginner-friendly and increasingly popular. Lucky for us, allows spread betting via TradingView, making it a top choice for those who rely heavily on technical indicators. With TradingView, you can access an impressive variety of indicators, more than most other platforms can offer.

Key Strengths:

  • Spread betting with TradingView
  • Tight competitive spreads
  • Unlimited demo accounts spread betting account and products for uk

You can Spread Bet on TradingView with enables spread betting on TradingView, which offers 110+ built-in technical indicators and over 30 drawing tools for your charting needs. Beyond the indicators, TradingView also boasts a social network feature. This lets you tap into the collective wisdom of seasoned traders who regularly share their trading strategies and insights, which could be a boon for your trading education.

Another feature we found handy is the forex screener tool. If you trade based on price action, this tool allows you to set specific criteria to scout for currency pairs exhibiting certain patterns like hammer patterns. It’s a nifty feature that can save you time and possibly direct you to profitable trades.

capitalcom tradingview
Our Verdict on doesn’t really break the mould when it comes to spread betting options compared to other brokers on our list. However, they do stand out by offering TradingView as a platform for spread betting. If TradingView is your go-to, then would be our top recommendation for you.


7. Good Broker for Fixed Spreads


Forex Panel Score


Average Spread

EUR/USD = 0.90
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo,

Minimum Deposit


Why We Recommend AvaTrade

We found AvaTrade a strong choice for traders who prefer fixed spreads, which can be particularly advantageous in high-risk trading environments. With AvaTrade, spreads remain constant, offering a level of predictability that’s often missing with other brokers. Beyond this, the broker offers competitive pricing and a robust suite of in-house platforms. They also provide various social trading platforms and valuable educational resources.

Pros & Cons

  • Competitive fixed spreads
  • Solid range of trading products
  • Provides technical analysis research tools
  • Limited selection of forex pairs
  • Not all trading products are available on all platforms
  • Very high inactivity fees

Broker Details

AvaTrade Logo

In our experience with AvaTrade, one of the standout features has to be the fixed spreads for spread betting products. If you’re a day trader keen on trading during market news announcements, AvaTrade’s fixed spreads could offer you more certainty.

lowest fixed spread broker awardKey Strengths:

  • Fixed spreads that are competitive for spread betting
  • Good selection of trading products, including stocks and forex

Limit Trading Costs with Stable Fixed Spreads

AvaTrade sets itself apart by offering fixed spreads through its standard spread betting account, starting at a minimum of 0.9 pips on EUR/USD. Compared to other brokers like Admirals, which generally float around 0.8 pips, AvaTrade’s fixed spreads are fairly competitive.

The real benefit of these fixed spreads, particularly for beginners, is cost predictability. Many brokers widen their spreads during high-impact news events or volatile market conditions. With AvaTrade, the spreads stay constant, allowing you to focus squarely on your trading strategies rather than worrying about fluctuating trading costs.

avatrade spread betting account products for UK traders.
Our Verdict on AvaTrade

Apart from fixed spreads, AvaTrade is just another generic broker with similar trading platforms and a smaller selection of trading products compared to the other brokers in this list. Fixed spreads, in theory, sounds great, especially considering that AvaTrade provides them at such competitive rates.

There is a reason why most beginners choose variable spread-based brokers, and it’s because they are cheaper to trade with overall (no matter how much the spread varies). However, if you are worried about trading fees and would like a stable spread, AvaTrade is our recommendation.

Avatrade ReviewVisit Avatrade

8. Best Broker for Minimum Deposits


Forex Panel Score


Average Spread

EUR/USD = 0.6
GBP/USD = 0.9

Trading Platforms

SpreadEX Trading Platform

Minimum Deposit


Why We Recommend SpreadEx

We were particularly impressed with Spreadex regarding minimum deposit requirements, making it an accessible choice for many UK traders. While the broker does have a leaner product portfolio, its strengths in spread betting opportunities and low trading costs cannot be overlooked. These aspects can outweigh the missing features for traders who prioritise mobile trading or are just starting out in spread betting. Although seasoned traders may seek more comprehensive forex and CFD offerings, Spreadex makes the trading arena accessible with low minimum deposits.

Pros & Cons

  • Highly intuitive trading platform
  • Competitive spreads
  • Over 10,000 trading products
  • No MetaTrader platforms
  • Do not offer a demo account
  • Does not offer 24/5 customer support

Broker Details

spreadex UK spread betting app

We’ve personally used SpreadEx and can confirm that it stands out as a specialist in spread betting, offering a comprehensive selection of markets, a robust trading platform, and competitive spreads. For those on the hunt for a broker that doesn’t mandate a minimum deposit, SpreadEx is our top recommendation.

Key Strengths:

  • Nice user-friendly trading platform
  • Competitive spreads from 0.9 pips
  • Access over 10,000 trading products

Start Spread Betting with No Minimum Deposit

The standard account at SpreadEx requires no minimum deposit, offering two key benefits for those just starting out. First, you can deposit an amount you’re comfortable risking without the pressure of meeting a steep minimum deposit like £500 when you’re only at ease with, say, £100.

Secondly, if you are an active trader with multiple open positions, you may require extra funds to open any more trades. This extra funding could be £2 or £100 – with no minimum deposits, and you have greater freedom with your money to deposit the exact funds you need to meet the margin demands.

Additionally, the standard account has low spreads from 0.6 pips on EUR/USD and 0.9 pips on GBP/USD.

spreadex spread betting account for uk traders
Our Verdict on SpreadEx

We like SpreadEx for having a no minimum deposit limit, which we find would benefit beginners greatly as you start your trading journey. SpreadEx also has a top range of trading products and low spreads, making them a top choice for spread trading.