Spread Betting Review

SPREAD BETTING ONForex Comparison 2018

Compare Forex Trading Across The Top UK Spread Betting Brokers And Start Trading Today!

Spread Betting CompanyMain PairsSpreads from (Pips)Trading PlatformsMin. Trade SizeMarginHighlightsStart Trading
InterTrader Spread Betting on Forex
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • EUR/USD
  • EUR/GBP
0.6
  • Web-Based Trading Platform
  • MT4 Trading Platform
  • Mobile Trading
10.5%
  • 100% market neutral, No Dealing Desk
  • Tight Forex spreads
  • Major, minor and exotic pairs

Spread Betting & CFDs carry risk. 64-72% of traders lose with this provider.

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AvaTrade Spread Betting on Forex
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • EUR/USD
  • EUR/GBP
0.9
  • MetaTrader 4
  • AvaTradeAct
1From 0.25%
  • AvaTrade Forex eBook
  • Client funds held in segregated accounts
  • Multilingual customer service

Spread Betting & CFDs carry risk

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Core Spreads Spread Betting on Forex
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • EUR/USD
  • EUR/GBP
0.7
  • CoreTrader
  • CoreMT4
1From 1%
  • Tight Forex spreads

Spread Betting & CFDs carry risk. 75% of traders lose with this provider.

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City Index Spread Betting on Forex
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • EUR/USD
  • EUR/GBP
0.5
  • MetaTrader 4
  • Advantage Trader Web
  • AT Pro
0.010.5%
  • Negative balance protection
  • Tight spreads

Spread Betting & CFDs carry risk. 72% of traders lose with this provider.

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ETX Capital Spread Betting on Forex
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • EUR/USD
  • EUR/GBP
0.6
  • ETX MT4
  • ETX TradePro
25P0.5%
  • Low spreads
  • Educational webinars
  • Professional Clients Service

Spread Betting & CFDs carry risk. 79.6% of traders lose with this provider.

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Plus 500 Spread Betting on Forex
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • EUR/USD
  • EUR/GBP
Variable
  • Web-Based Trading Platform
  • Mobile Trading
Per instrumentDynamic
  • Negative balance protection
  • Tight spreads

CFD Service. 80.6% lose money

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* Plus500 is a CFD service.

 

What is Spread Betting on Forex?

Spread betting on Forex is one of the most popular ways to dabble in the currency markets today. You can enjoy around-the-clock trading on popular currency pairs like GBP/USD (the cable), the USD/JPY, the USD/CAD, the AUD/USD, the EUR/USD, and the EUR/GBP. A mix of major pairs (the most commonly traded pairs) minor pairs, and exotic currency pairs (high volatility pairs) is available to spread bettors.

 

Why Spread Bet on Forex?

Spread betting has multiple advantages over other forms of trading. For starters, the currency markets are the most highly traded markets in the world with almost $4 trillion traded every day. Additionally, there is no stamp duty or capital gains tax on spread betting activity. UK traders can enjoy uncapped profits when they finish in the money with spread betting on Forex. Plus, you don’t need to worry about having all the money up front for your trade – margin requirements state that only a percentage of the total trade volume is needed for spread betting.

Spread betting on Forex comes with multiple other advantages, such as trading in bullish and bearish markets. If you believe that a currency pair will trade higher in the future, you can buy long (take a bullish position), and if you believe that the currency pair will perform poorly, you can short sell (take a bearish position). Plus, there are variable spreads with different currency pairs, depending on volatility and liquidity. You can generate substantially larger profits than your initial investment, thanks to leverage with the top spread betting brokerages.

Spread betting also confers multiple additional benefits such as mobile trading, access to technical and fundamental analysis, news updates, and powerful trading platforms. The biggest profits on Forex spread betting can come from the smallest spreads (the difference between the bid and the asking price) when markets move in your favour.

 

How to Spread Bet on Forex

This classic example will help traders understand spread betting on Forex: Let us assume that the world’s most heavily traded currency pair – the EUR/USD – is currently trading at an ask price of 1.0015 and a bid price of 1.0010. If you believe that the EUR will appreciate relative to the USD, you could speculate €0.50 for every pip that the EUR increases above the price point of 1.0015. If the currency pair appreciates to 1.0025 after a certain time, your profit would be €5.00. However, if the EUR depreciated to 1.0005, your loss would be €5.00.

 

How to Choose a Spread Betting Company for Forex Spread Betting?

There are several factors to consider when selecting one spread betting company in the UK over another. These include the following points:

  • How responsive and helpful is customer support?
  • What margin and leverage requirements are in place?
  • What are the minimum spread betting amounts in GBP per trade?
  • Is the spread betting brokerage fully licensed and regulated to offer services to UK clients?
  • What’s the company’s credibility with traders like? Objective review sites such as TrustPilot should be consulted.
  • What is the nature of the trading platform for mobile, PC and web-based trading?

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Intertrader ETX Capital Core Spreads
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