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Nov 05, 2022

Best Spread Betting Platform UK have: IG Spread betting and Vintage Market All account details and starting guide

Spread betting is a type of derivatives trading that lets you wager on the direction a market will take in the future. Spread betting allows you to speculate on both rising and falling markets while avoiding paying taxes because you never acquire possession of the underlying value your are trading.

As one of the Top UK Options Trading Brokers, IG is regulated by the FCA.

IG logo Partnering with a well-known platform could be a great idea for individuals considering IG spread betting. One of the most recognizable spread betting firms on our list is IG, which was established in 1974. In terms of regulation, IG is overseen by the FCA and BaFin, and the parent company of the broker is even listed on the LSE and is the best spread betting platform UK have.

Users can spread bet with IG on more than 18,000 markets, and the spread is only charged when a bet is opened. Spreads for FX trading and stock trading can be as low as 0.6 pip and 0.1 point, respectively, making IG an affordable broker to work with. Additionally, IG provides wide leverage options, up to 30:1 for currencies and 5:1 for stocks.

And though the minimum deposit amount is the highest on our list at £250, creating an account is quick and simple. All major credit/debit cards, bank transfers, and PayPal are all accepted by IG, and deposits and withdrawals are free.

In order to safeguard users from losing more money than they have in their trade balance, IG also provides negative balance protection. Last but not least, IG’s selection of trading platforms stands out among the competition because of how user-friendly they are. Customers can even use MT4 for spread betting.

There are three sorts of accounts:

Regular STP:

This no-commission account, which has a minimum spread of 1.4 pips and operates with all trading instruments, is ideal for beginners. The initial down payment is $200.

Raw ECN:

Intended for more seasoned traders, this account has spreads that start at 0.0 pips but charges commission at $3 a lot per side. The required down payment is $500.

Pro ECN

For high-volume, professional traders, this offers commissions at $2 per lot per side and spreads starting at 0.0 pip. A $20,000 minimum deposit is required.

Vantage Markets is regarded as a respectable, trustworthy broker that provides social and copy trading without having unnecessarily high commissions or non-trading fees. Vantage Markets supports the MetaQuotes WebTrader platform, which enables quick and easy access to MetaTrader 4 and 5 trading accounts on desktop, laptop, and mobile devices. You can trade utilizing a variety of indicators, several technical analysis tools, and one-click trading on the MT4 and MT5 platforms With the exclusive Vantage Markets trading app, you can access international markets whenever you want, from anywhere.

It is the ideal way to access trade while on the go, while still benefiting from a full array of trading platforms and technical indicators, and it is available for both iOS and Android smartphones. The trading app provides round-the-clock support and a variety of international market news.

Low-cost FX and stock index CFD trading is provided by City Index. Opening an account does not need a minimum deposit, but there are non-trading fees which can be fairly expensive. Although it lacks essential data, it has good customizability across all platforms, a high-quality news flow, and a variety of research tools. Excellent training resources are provided, including a demo account, and customer support is offered via live chat and phone around-the-clock.

SaxoTraderPRO:

 SaxoTraderPRO, a downloadable platform that is perfect for experienced traders, is the company’s flagship product. The company’s unique interfaces are completed by SaxoTraderGO, a web-based platform with practical trading functionality and an easy-to-use interface, and a practical mobile application.

 Forex, shares, commodities, indices, options, bonds, and futures are among the amazing product offerings that can be purchased or sold short using CFDs, forward contracts, and/or direct control. FX spreads are incredibly competitive across all consumer account tiers, but Saxo’s spread betting service is only accessible to those who meet the criteria for “professional clientele” (Classic, Platinum, VIP).

Saxo Capital Markets was named the Best Forex Broker for Advanced Traders in 2020 by Investopedia based on its comprehensive product offering, cutting-edge user interfaces, and exceptional research capabilities.

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