So having looked at the background to the spread betting market, and hopefully given you an insight into the major players and how they operate, let’s now look at the individual companies themselves, and compare the spread betting companies currently operating in the UK. As outlined on the previous page many of these are simply white label offerings from the four or five main spread betting companies, with FXCM the latest to become a main stream player here in the UK.

Below I have listed all the current spread betting companies, with the five main providers listed first, and as I have already outlined previously, the spread betting industry is now desperately trying to educate its client All of these companies provide free educational materials, free training courses and free seminars, so please take advantage of these before making your decision. Also, make sure you ask them how they hedge their positions which will give you an idea as to how they will view you as a client. If you are in any doubts or don’t like the answers you get, then move on or check the spread betting forums for more clues. The key is to find a spread betting company that offers excellent support, a fast platform with simple and quick execution ( both for trades and for deposit of funds), and tight spreads on the products you are trading.

If you are a novice trader or new to spread betting, try to find a company which offers the lowest bet per point on your chosen instrument as this will allow you to gain experience as you learn, trading with the lowest risk possible. Alternatively look for companies that offer cash only accounts rather than margined accounts, as this will force you to trade more cautiously, not a bad thing when you are learning, so do bear this in mind when comparing the spread betting companies. Finally before we start, let me provide a copy of the risk disclaimer from one of the spread betting companies which puts the whole industry in context:

Risk Warning!

Spread bets are margined products. It is possible to lose more than your initial margin deposit or credit allocation as well as any variation margin that you may be required to deposit from time to time. Therefore you should only speculate with money that you can afford to lose. Spread betting may not be suitable for all customers, therefore please ensure that you fully understand the risks involved and seek independent advice if necessary and prior to entering into such transactions. When spread betting you are merely betting on the outcome of a financial instrument, and therefore do not take delivery of any underlying instrument, nor are you entitled to any dividends payable or any other benefits related to the same.

So having read the above warning, let’s start to compare the spread betting companies currently available which I have listed below :

The Largest Spread Betting Companies

  • IG Index

  • City Index

  • CMC Markets

  • Capital Spreads

  • FXCM

Other Spread Betting Firms

  • GFT
  • ProSpreads ( now owned by Capital Spreads)
  • Finspreads
  • Intertrader
  • Cantor Index
  • MF Global spreads
  • Delta Index
  • Worldspreads
  • Pan Index
  • ODL ( now owned by FXCM)
  • Finospread
  • Spread Co
  • Etrade spread betting ( now owned by TD Waterhouse ) not taking new clients at the moment!
  • ETX Capital
  • Shortsandlongs ( part of Spreadex)
  • Spreadex
  • PaddyPowerTrader