In the UK’s Best Spread Betting Platforms, traders can open a spread betting account with any broker that is regulated by the Financial Conduct Authority (FCA). However, some brokers offer a better trading environment and customer service than others. This article provides a systematic comparison of the top spread betting platforms for UK traders to help them choose the best option for their needs.
Spread betting is a form of derivative trading that allows you to speculate on price movements in financial markets without owning the underlying assets. It is a popular way to trade forex, shares, indices, and commodities in the UK.
UK’s Best Spread Betting Platforms: A Trader’s Guide
There are many benefits of spread betting, including the fact that it is tax-free for most UK residents. This is because profits from spread bets are not taxable in the same way as capital gains or dividends are, since HMRC classifies it as gambling rather than an investment activity.
The most reputable UK spread betting brokers feature fast execution speeds and direct market access, which results in tighter prices and increased liquidity. They also offer competitive spreads and low commissions on trades. Additionally, they provide educational resources and excellent customer support. IG Group is a leading UK spread betting and CFD broker that offers an array of innovative trading features and a comprehensive selection of markets to trade. The company also offers a variety of mobile apps, a highly customizable cTrader platform, and integrated trading with TradingView.