Good demo accounts allow at least 30 days to test the trading platform and $100,000 in virtual currency. MetaTrader 4 is one example of a top platform to practice with. Let’s look at the best spread betting demo accounts.
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Here Are Our Top Spread Betting Accounts Demo To Practice On
| Broker | Our Rating | Regulation | Standard EUR/USD Spread |
Standard GBP/USD Spread |
Standard AUD/USD Spread |
Raw EUR/USD Spread |
Raw GBP/USD Spread |
Raw AUD/USD Spread |
Commissions (USD Base) |
MetaTrader 4 | MetaTrader 5 | cTrader | Execution Speed | Minimum Deposit | Currency Pairs | Crypto CFDs | Retail Leverage | Prof. Leverage | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
9.33 |
SCG, ASIC FCA, CySEC |
1.12 | 1.69 | 1.22 | 0.1 | 0.6 | 0.3 | $3.50 |
|
|
|
77ms | $0 | 62+ | 12+ | 30:1 | 500:1 |
|
|
7.17 |
ASIC, MAS, FCA CIRO, FMA, BaFin |
1.12 | 1.30 | 1.64 | 0.5 | 0.9 | 0.6 | $2.50 |
|
|
|
138ms | $0 | 338+ | 19+ | 30:1 | 500:1 |
|
|
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 |
|
|
8.83 |
FCA, CIRO, ASIC MAS, JFSA, FSCM KNF, NFA/CFTC |
0.6 | 0.9 | 0.7 | - | - | - | - |
|
|
|
- | $0 | 70+ | 4+ |
|
||
|
6.67 |
ASIC, FCA, BaFin FINMA, NFA/CFTC, MAS CySEC, DFSA, FMA JFSA, BMA, FSCA |
1.13 | 1.66 | 1.01 | 0.16 | 0.59 | 0.29 | $6.00 |
|
|
|
174ms | $450 | 100+ | 12+ | 30:1 | 200:1 |
|
|
7.83 |
ASIC, FCA, CySEC FSA, EFSA, JSC |
0.6 | 1 | 1 | 0.1 | 0.6 | 0.5 | $3.0 |
|
|
|
132ms | $100 | 122+ | 37+ | 30:1 | 500:1 |
|
Spread betting is a tax-free alternative to forex and CFD trading that involves speculating on whether a given financial market will rise or fall in price. Only FCA-regulated brokers are licenced to offer spread betting platforms in the UK. We compared a range of brokers that offer spread betting demo accounts, the best of which are listed below.
Forex Panel Score
Average Spread
EUR/USD = 1.12
GBP/USD = 1.69
AUD/USD = 1.22
Trading Platforms
MT4, MT5,
cTrader
Minimum Deposit
$0
Why We Recommend Pepperstone
Pepperstone has become one of the top spread betting brokers since starting in 2021. It offers the best overall experience for spread betting demo accounts due to its aggressive pricing for popular currency pairings and emphasis on the MetaTrader platform. We concluded that Pepperstone provides the finest spread betting demo account overall due to its competitive pricing, quick execution times, wide choice of trading platforms, and solid selection of spread betting markets.
Pros & Cons
Broker Details
Since introducing spread betting in 2021, Pepperstone has risen to become one of the top spread betting brokers. Overall, it is our top pick for having the best spread betting demo account overall. This is largely because of the broker’s competitive pricing, particularly for major currency pairs and focus on its MetaTrader platform experience. Some of Pepperstone’s key advantages we’ve observed include:
Fastest Execution Speed
The faster a broker can execute your trade, the lower the risk of slippage. For this reason, fast execution or low latency can help ensure you get the spread quoted. To find out which brokers have the fastest execution speed, Ross Collins tested 20 brokers using the Expert Advisors (EAs) on the MetaTrader 4 trading platform. Pepperstone finished top for ‘limit order speed’ with an average speed of 77ms and was among the 5 fastest for market orders.
Pepperstone Spread Betting Account
Pepperstone’s spread betting account is similar in pricing structure to its CFD Standard account offering, with a minimum spread of 0.7 pips and no commissions. This account uses a no-dealing desk model with STP (straight-through processing) pricing, much like Pepperstone’s Razor and Standard accounts.
You can spread bet on a good range of markets, including 62 forex pairs, shares, indices, commodities such as gold and ETFs. All markets must be bet on in GBP at a leverage of up to 30:1 for major forex pairs unless you are a pro client.
Opening a demo account requires no funds of your own, while for a live account, we recommend a minimum deposit of £200.
One of the reasons we recommend Pepperstone is for the competitive spreads across each asset. Pepperstone has spreads starting from 0.7 pips on the EURUSD (one of the lowest minimum spreads available), but this doesn’t mean you’ll always get the same spread every time. Below, we’ve used the average spread data from the top brokers that offer spread betting to give you an idea of the industry average spreads.
| Forex Pair | Pepperstone | Industry Average |
|---|---|---|
| EUR/USD | 1.22 | 1.24 |
| USD/JPY | 1.47 | 1.44 |
| GBP/USD | 1.69 | 1.57 |
| AUD/USD | 1.22 | 1.54 |
| USD/CAD | 1.5 | 1.82 |
| EUR/GBP | 1.4 | 1.66 |
| EUR/JPY | 2.1 | 1.95 |
| AUD/JPY | 1.7 | 2.21 |
Although Pepperstone isn’t the lowest on average in the table above, it is still competitive compared to the rest of the brokers. However, we did notice on our own tests using MetaTrader 4 that the spreads were better than the average spread Pepperstone advertised, with EURUSD having a spread of 0.7 to 0.9 pips and GBPUSD being 1 to 1.2 pips during the London session.
| AUDUSD | Spread | EURUSD | Spread | GBPUSD | Spread |
|---|---|---|---|---|---|
| CMC Markets | 0.77 | Admiral Markets | 0.74 | CMC Markets | 1.08 |
| OANDA | 1 | CMC Markets | 0.8 | Admiral Markets | 1.11 |
| City Index | 1.07 | FXCM | 0.93 | FXCM | 1.39 |
| Admiral Markets | 1.1 | OANDA | 1.06 | Pepperstone | 1.5 |
| Pepperstone | 1.24 | City Index | 1.16 | City Index | 1.77 |
| FXCM | 1.31 | Pepperstone | 1.21 | OandA | 1.86 |
| FXPro | 2.49 | FXPro | 1.59 | FXPro | 2.1 |
| USDCAD | Spread | USDCHF | Spread | USDJPY | Spread |
|---|---|---|---|---|---|
| CMC Markets | 1.5 | CMC Markets | 1.31 | CMC Markets | 1.17 |
| Pepperstone | 1.6 | Pepperstone | 1.67 | Admiral Markets | 1.32 |
| OANDA | 1.75 | Admiral Markets | 1.75 | FXCM | 1.38 |
| Admiral Markets | 1.83 | FXCM | 1.84 | OANDA | 1.55 |
| FXCM | 1.96 | OANDA | 2 | Pepperstone | 1.55 |
| FXPro | 2.28 | City Index | 2.68 | City Index | 1.74 |
| City Index | 2.3 | FXPro | 3 | FXPro | 1.87 |
Great Range of Spread Betting Platforms
Pepperstone customers have the choice between MetaTrader 4, MetaTrader 5 and cTrader to spread bet with, all great platforms in their own right. Overall, we scored Pepperstone a high 85/100 for its trading platforms.
What’s more, as a result of our execution speed test results, Pepperstone stacks up well as our third-fastest MetaTrader 4 broker overall.
Breaking each platform down, both MT4 and MT5 are fast and reliable platforms, with MT5 being a slight upgrade of MT4. MT5 allows you to trade the full range of Pepperstone’s products, particularly shares, and has more charting tools for technical analysis. MT4 is still a powerful platform for forex spread betting, while cTrader is known for depth of market and automated trading features.
MT4/MT5 platform features include:
cTrader platform features include:
MT4, MT5 and cTrader are available on all devices including desktop, web trader platforms or mobile spread betting apps on iOS and Android devices. Should you use MT4, you can automate your trading with Capitalise.ai.
Easy Account Opening
Opening a trading account should be a straightforward trading experience. To find out what the onboarding experience with Pepperstone was like, CompareForexBrokers had a go at opening a trading account. We did not find any fault with the process. We were able to easily open the account without the need to deposit any funds. We did, however, make a small deposit. The funding options included Visa/MasterCard using debit or credit, bank transfer, and PayPal. We later withdrew the deposit with no issue since we didn’t make a trade. A nice bonus was being contacted via email by a dedicated account manager whose direct number we can call for any assistance.
When signing up, you will need to choose ‘Spread Betting’, not ‘Standard Account’ nor ‘Razor Account’.
| Overall Score (100) |
Limit Order Testing Speed (15) |
Market Order Testing Speed (15) |
Ease Of Opening (15) |
Ease Of Withdrawl (10) |
Professional Leverage (10) |
Standard Account (10) |
Raw / ECN Account (10) |
Fixed Spread Account (5) |
Islamic Account (5) |
Account Manager (5) |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| 90 | 14 | 11 | 15 | 10 | 10 | 10 | 10 | 0 | 5 | 5 |
Our Final Pepperstone Verdict
Overall, we determined Pepperstone offers the best spread betting demo account. This is due to a combination of competitive pricing, fast execution speeds, a great range of trading platforms, and a good selection of spread betting markets.
Forex Panel Score
Average Spread
EUR/USD = 0.5
GBP/USD = 0.9
AUD/USD = 0.6
Trading Platforms
MT4, Next Generation
Minimum Deposit
$0
Why We Recommend It
CMC Markets has been offering financial spread betting since 2001 in addition to CFD and forex trading. With the greatest number of demo account users in the market, CMC Markets receives our vote. The Next Generation platform, which CMC Markets built internally, is a trading platform for spread betting.
Pros & Cons
Broker Details
Pioneering electronic trading during the early 1990’s, CMC Markets has provided financial spread betting since 2001, in addition to CFD and forex trading. As such, CMC Markets wins our vote with the most demo account traders in the market. A large reason behind this is its key features:
Spread Betting Account
CMC Markets offers a top demo account for spread betting, offering tight spreads and two excellent trading platforms to trade its extensive range of over 12,000 markets.
You’ll obtain competitive spreads with CMC Markets, including minimum spreads of 0.1 pts for shares and 0.59 pips for GBP/USD. These spreads are comparable to the best brokers on this list.
Once you open the account, you’ll have access to £10,000 in virtual funds, less than Pepperstone’s, but enough to practice trading with, in our view. While there is no expiry date with NextGen, your MT4 account will close after 30 days of inactivity, so be mindful of that.
An added bonus of CMC Markets’ demo account is that you’ll get instant approval with no credit card info required.
Powerful Spread Betting Platforms
CMC Markets offers its own in-house developed trading platform for spread betting, the Next Generation platform. Offering advanced technology for mobile and online trading, CMC Markets has 70% of spread bets going through mobile trading, per our research.
CMC Markets’ Next Generation platform is a top platform for spread betting due to its superior functionality and trading tools. Of these trading tools, we particularly like the client sentiment and pattern recognition market scanner, which helps the Next Generation platform stand out. Other key features are listed below:
These trading tools will help you develop spread betting strategies and manage the high risk of forex trading.
CMC’s Next Generation platform is available on all major devices.
CMC Markets Has Good Spreads, We Know Because We Tested
Ross Collins, our resident Forex expert at CompareForexBrokers, tested the spreads for no-commission trading for 20 brokers over a 1 day period. By testing 6 currency pairs (AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY) over 24 hours and then averaging out the results, we hoped to get a fair reflection of the broker’s true cost.
Over this time CMC Market’s average spread was 1.11 pips which is akin to USD $10.10 per lot. The only broker to do better was IC Markets but they don’t offer spread betting.
Our Final CMC Markets Verdict
Overall, we like CMC Markets for its excellent spread betting platform, the NGEN, a wide range of over 12,000 markets, and advanced trading tools. This is why we think it is the most popular amongst demo account users, globally.
Forex Panel Score
Average Spread
EUR/USD = 0.07
GBP/USD = 0.011
AUD/USD = 0.8
Trading Platforms
MT4, TradingView,
WebTrader
Minimum Deposit
$0
Why We Recommend City Index
City Index offers spread betting on 12,000 markets, including roughly 84 currency pairs. The broker also offers great resources for post-bet analysis. City Index’s primary advantages include 8,500 trading marketplaces, affordable trading expenses, and a proprietary platform. The spread betting platform experience at City Index is generally favorable.
Pros & Cons
Broker Details
City Index allows spread betting from 12,000 markets including nearly 84 forex pairs. In addition to this, City Index has excellent tools for post-bet analysis. The key benefits of City Index include:
City Index’s Spread Betting Account
City Index’s spread betting account allows traders to bet on a wide range of 12,000 financial instruments at competitive prices. We rated City Index a 90/100 for range of markets, having one of the biggest product ranges in the industry. Other products available for trading include 4500+ shares, 25 cryptocurrencies, 30 commodities, 20 indices, and 11 bonds or treasuries.
Minimum spreads start as low as 0.08 pts for shares and 0.2 pips for forex, with leverage of up to 1:30 for major forex pairs. This is very competitive from our broker research, particularly for shares.
Should you decide on a live account, City Index doesn’t charge commissions when spread betting, but there are additional fees including overnight financing and inactivity fees. We have listed these below:
When using guaranteed stop-loss order, you pay a small premium on top of your spread. Doing this allows you to protect yourself from losing more than you are prepared to.
One feature worth noting is that at certain periods of the day, City Index spreads are fixed. This is only available with selected instruments but could make City Index appealing to scalpers.
City Index Trading Platforms
City Index offers its own in-house trading platform for spread betting. The more popular MT4 is not available.
City Index’s proprietary online trading platform is offered via web trader and mobile app. Although the web trader platform lacks MT4’s Expert Advisor range and some advanced technical analysis tools, the platform offers its own trading tools including:
City Index’s mobile app doesn’t have all of the web trader features listed above, but it is a fully functional and customisable app. The top features of the mobile app include 60 built-in technical indicators, multiple timeframes, and advanced order types such as GSLOs. We also like the live chat function in the City Index mobile app, which is a helpful customer support feature.
Our Final City Index Verdict
To summarise, City Index offers a good overall spread betting platform experience. The broker also offers competitive spreads, a huge range of markets to trade, and some decent trading tools to help improve your spread betting trading strategy.
Forex Panel Score
Average Spread
EUR/USD =1.4
GBP/USD = 2
AUD/USD = 1.4
Trading Platforms
MT4, TradingView,
OANDA Trade (fxTrade)
Minimum Deposit
$0
Why We Recommend OANDA
Broker Details
OANDA’s Demo Account Never Expires
If you are looking for a demo trading account that won’t reset after 30 days, OANDA offers an unlimited demo account with three trading platforms. This is ideal for traders who like to track their performance and test different strategies in a risk-free environment.
Key Strengths:
Unlimited Demo Accounts on Three Trading Platforms
OANDA’s demo accounts have no expiration, which gives you unlimited use of a demo account (even if you don’t have a live trading account with them), which is generous. Most brokers allow you to use the demo account for 30 days before the account gets closed automatically.
All demo accounts include £100,000 in virtual trading funds, which should be enough to get you started. What we liked is that OANDA has an option to deposit more virtual funds into your account, so you don’t have to open up a new demo trading account should your funds reach zero. This also has the added benefit of giving you a risk-free tutorial on how to deposit real funds to your live account when you open a live trading account with OANDA.
With OANDA, you can access three different trading platforms with unique features depending on your trade preference. You can use the demo account with the OANDA Trade platform, which is OANDA’s standard platform with a simple interface powered by TradingView charts. Then you also have the choice of MetaTrader 4, a popular platform for scalpers, thanks to its one-click trading features. Finally, you can demo the TradingView platform, ideal for price action traders who can utilise its pattern recognition screening tools.
Our Verdict on OANDA
The demo account provided is an excellent option for you, mainly because the account never expires and allows you to trade with a good selection of trading platforms. As a broker, OANDA provides a decent range of forex pairs and has competitive rates should you open a live account with them.
Forex Panel Score
Average Spread
EUR/USD = 1.13
GBP/USD = 1.66
AUD/USD = 1.01
Trading Platforms
MT4, L2 Dealer,
IG Trading Platform,
ProRealTime
Minimum Deposit
£250
Why We Recommend IG
Broker Details
IG has a Choice of Automated Trading Platforms
IG is ideal if you want access to automated trading tools with your demo account. IG’s trading platforms boast trading tools to help automate your trade ideas (IG Platform and ProRealTime) and automate your trades with Expert Advisors (MT4).
Key Strengths:
IG has a Versatile Range of Trading Platforms
IG provides a demo account that remains active if you place one trade once a month. Unfortunately, IG will deactivate the demo account if the account is inactive for 30 days. This means you could lose all of the trading data you’ve accumulated on the demo account if you forget to trade on the demo account.
The demo account comes with £10,000 in virtual funds, which is relatively low for a demo account. Fortunately, you can add new virtual funds up to £10,000,000 – more than enough to test out the demo account and different strategies.
You can use the demo account for all of the platforms offered by IG, including the IG platform that provides a clean interface, access to all of the 17,000+ trading products available, and their signal centre that provides trading analysis of the markets throughout the day. Or you could use the MetaTrader 4 platform, which is ideal if you want to automate your trades with Expert Advisors.
Then there is ProRealTime, which is a platform not offered by many brokers, but you can test it out for free with IG. ProRealTime focuses heavily on technical analysis through its built-in automated trading tools, such as the automated support and resistance levels and channels/trend lines, which draws support and resistances on major and minor price levels, making it an ideal choice for price action traders.
Our Verdict on IG
IG is a top broker for spread betting thanks to its range of markets and trading platforms, IG offers something for every trader. A particular highlight for us is that IG offers two platforms that provide decent automated trading solutions, so if automated trading is important to you, then you should open a demo account with IG.
Forex Panel Score
Average Spread
EUR/USD = 0.6
GBP/USD = 1
AUD/USD = 1
Trading Platforms
MT5
Minimum Deposit
$100
Why We Recommend Admirals
Broker Details
Admirals has Premium MT4 Plugins to enhance the platform
Admirals is a specialist MetaTrader 4 and MetaTrader 5 broker, meaning it only provides demo accounts through these platforms. Being a specialist has allowed Admirals to offer a Supreme Edition of MetaTrader 4 and 5, which includes a range of new and improved features that will benefit price action traders, particularly with its improved indicators and drawing tools.
Key Strengths:
Demo Accounts with MetaTrader 4
You can use the MetaTrader Supreme Edition trading platforms on the demo account if you want access to Admirals’ enhanced version of MetaTrader. The Supreme Edition includes 10+ new technical indicators and 15+ new EAs to help manage the trading terminal. These EAs are helpful if you want more control over your trading. For example, an improved and more user-friendly trading simulator is available through the Supreme Edition, making it easier to test your trading strategies.
With the demo accounts, you can deposit virtual funds from £500 to £50,000, which we think is a good feature because it allows you to deposit virtual funds that are realistic to what you may use to trade with on your live account.
Admirals have put a limit on the demo accounts to expire after 30 days of trading, which should give you plenty of time to get used to the broker and the platform. If you want the demo account to remain active, Admirals told us you would need a live trading account with them to get a non-expiring demo account.
Our Verdict on Admirals
We chose Admirals as the best demo trading account with MetaTrader 4 (and MetaTrader 5) as we like the extra tools offered to enhance the MetaTrader 4 experience. Making it more intuitive and helping you take more control over the platform.
Given that only UK brokers can offer spread betting, the team at Compareforexbrokers only reviewed FCA (Financial Conduct Authority) regulated brokers. While this cuts down the list significantly, we still had to refine our review based on each broker’s unique features that stood out. From there, we broke down other trading factors such as spread costs, trading platforms, and product range.
Brokers we didn’t cover for various reasons include AvaTrade, FXCM, ThinkMarkets, IG, Spreadex and Accendo Markets for Demo accounts but they were included in our best spread betting platforms UK list.
If you’re a beginner trader taking the first tentative steps toward your spread betting journey, you are at your most vulnerable.
There are lots of risks and challenges to watch out for in the world of spread betting. Because ‘I’ve been there and done that’ – and have researched the sector thoroughly – I know that knowledge and experience can help ensure you cope better.
Because of the leveraged make-up of spread betting transactions, getting into trouble can cause some serious financial damage – and it can go wrong quickly. Learning the fundamentals of spread betting offers greater protection that can lead to more successful trading opportunities.
One of the best ways to learn is hands-on, with a demo account. The good news is that more brokers offer quality demo accounts. From a broker’s marketing perspective, it’s smart, as it’s a lead generation tool that helps them sign up traders to their live accounts. As a beginner trader, though, key benefits of practising with a demo account include the ability to test the trading waters and learn about strategies and investment techniques that help you get better spread betting results.
Spread betting is a way of speculating price movements of a range of global financial instruments – including shares, indices, currency pairs, and commodities.
When you spread bet, you choose a position that is based on whether you think the price of a specific instrument might rise or fall.
If the market moves in your chosen direction, you profit. If not, you lose.
With spread betting, you’re not buying or selling the physical share or commodity. Instead, you are effectively placing a bet on whether you believe the price of that share or commodity will go down or up. If you expect it will rise, you open a long position (buy), while if you expect it to fall, you take a short position (sell). Profits from spread betting are tax-free.
A demo account is a virtual trading account that delivers real-time, live access to the financial markets. Without risking a cent of your real money, a demo account lets traders place virtual spread bets on current market conditions.
Essentially, it’s an identical experience to live trading – except using virtual dollars.
The advantage of spread betting with demo accounts is that you can experiment with different trading techniques and positions without the anxiety. Think of them as a sandbox-style training ground to learn more about spread betting before you tackle it in the real world with a live account with your own money.
It’s important to remember that, just because you might have some success in the virtual world of spread betting, this doesn’t automatically translate to success in the live financial markets.
The downside of demo accounts is that novice traders are more likely to take a big risk because there are no real-world consequences of getting slammed by a heavy loss. For some people, this approach can lead to a gambling-like experience and a tendency to take the same risks with real money in a live account. Note that although this can deliver some occasional, sporadic wins, it doesn’t necessarily translate to a smart and sustainable trading career.
Be realistic about using your demo account and practice your spread betting with the mindset that it is real money. That way, when you do feel you are ready to create a live account, you won’t need to change your approach to spread betting.
A wanna-be tennis player or musician wouldn’t ask why they should practice. The answer is obvious: practice helps you get better.
Demo accounts can make a difference.
Recognising that spread betting is a high-risk activity is of utmost importance, no matter how much you practice with a good-quality demo account.
Yes, it has the potential to return high rewards too – but it definitely doesn’t happen for everyone.
Depending on the broker behind the demo account, demo practice accounts are designed to utilise the same level of functionality provided by a live account, though you may find some differences and limitations around deposit size, access to educational tools, and time limits.
The best way to make the most out of a demo account is to remind yourself that it is only virtual. Losing $1000 virtual dollars is NOT the same as losing $1000 of your hard-earned real money, so be careful about being overly confident. It is best to focus on honing your trading strategy skills and acquiring basic skills to help in your transition from demo to live account in the best possible way.
For new traders starting out in spread betting for the first time, choosing a free demo account can be a fantastic way to learn the fundamentals.
No amount of explanation can take the place of a hands-on approach because spread betting is complex. Not only will you get the chance to practice with what are usually free demo accounts, but you’ll also get a better understanding of the differences between some brokers. That way, when you do feel ready to swap your demo spread betting experience for a live account, you’ll have a clearer idea of the brokerage that will best suit your needs.
Opening a demo account is usually quick and easy.
The first step is to pick a spread betting broker, either from the list above or from your own research, and follow the website prompts to open a demo account.
Typically, you’ll be asked for your name, country of residence, mobile, email address, and password (at times, the password will be emailed to you). Next, you’ll get an email from the broker with easy-to-follow instructions on how to start (virtual) spread betting on your demo account.
From here, a broker will provide a capped amount of virtual money and a limited trading window to practice trading. As an example, you can open a demo account with Pepperstone with $50,000 in virtual currency which is valid for 90 days. After that, you can decide if you want to commit to a live account with that broker.
Demo accounts are typically free to open and use (although it’s worth noting that different brokers have different limitations, with some enforcing time limits and inactivity limits).
Once your demo account is working, you can spread bet with virtual money to test how your strategies and techniques will yield results in the live trading market – and all without risking a real dollar.
If you are keen to explore spread betting, a demo account is the best way to get started.
When you do feel ready to make the move to real spread betting with a live account through your preferred broker, we recommend starting your real money spread betting experience with low stakes as you continue to practice and build your confidence.
No, well sort of. You should definitely practice with a demo account before you try spread betting. This will allow you to familiarise yourself with the platform and appreciate the risks spread betting entails. However, you do need to educate yourself on the markets you intend to bet on as they are very volatile and rarely predictable.
Features to look for include how long you can use the demo account for and how much virtual currency the demo allows. Beyond that, you should be looking at what the trading platform itself offers such as the types of indicators you can use. MetaTrader 4 and MetaTrader 5 are examples of good demo account.
