Choosing a Spread Betting Best Platform

When choosing a spread betting best platform traders should consider how easy the trading app is to use. The platform should also offer comprehensive tools and educational resources. Traders should also check whether the spread betting provider offers demo accounts. This will help them test their strategies without risking real money. Moreover, it is important to ensure that the spread betting app is reliable and provides accurate market data.

Unlike direct stock investments, spread betting enables traders to speculate on the price movements of stocks without buying or selling shares outright. This is especially useful for those with a limited capital or those who prefer not to deal directly with the underlying company. The best spread betting platforms allow traders to trade a range of markets including forex, shares, indices and commodities. Some platforms even offer bonds.

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Aside from the number of markets available, it is important to look at the types of fees charged by each spread betting platform. Some of the best spread betting companies in the UK offer fee-free payments, while others charge a small amount for each trade. Spread betting platforms typically quote their prices in ‘points’ for forex, ‘pips’ for indices and ‘pennies/cents’ for shares.

The spread betting industry is highly competitive, and brokers bend over backwards to attract customers. Some of the top providers include City Index, which offers competitive spreads and a wealth of educational resources. IG offers market-leading trading signals and webinars, while CMC Markets has powerful trading tools.

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