Top Spread Betting Platforms Currently
In the world of trading, more and more traders find different ways to make tons of money. Some work others don't but Spread Betting is something that has recently gained a lot of popularity. Why is that? One of the main reasons for that is the money it generates for you if done rightfully so.
So, what spread betting actually is? Spread betting is basically a financial spin-off which enables traders to infer on different assets like forex, indices, and commodities without even buying them. How? Simply by betting on their prices whether they will rise or fall. In this article, we will take you through the best spread betting platforms in the current market. So, without much of a further delay let us learn more about these platforms.
First on the list is FxPro and why wouldn't it be? FxPro came into being around 16 years back in Cyprus. It is regulated by huge financial regulators like CySEC, SCB, FCA and FSCA. FxPro is one of the biggest platforms as they provide their services in over 170 countries. Over 65 currency pairs, stocks and futures can be traded by traders from FxPro brokers.
2) IG Markets
Second, on the list are IG markets. If we say that IG markets are the OG when it comes to being brokers then we won't be wrong. You can trade stocks, crypto and commodities here. The spread here at IG starts at 0.6 pips and the average EURUSD spread is one pip. Unlike others, IG does not charge any commission for spread betting except for the spread itself. However, you will need to pay a certain amount of fee if you want to expand the length of the spread bet.
FXCM Markets provides traders from practically every country on the globe with a wide range of financial services. The business was founded in 1999 and is based in the United Kingdom. It is governed by the FCA in the United Kingdom, ASIC in Australia, and CySEC in the European Union. This broker's spreads are slightly larger than those of other brokers, starting at 1.3 pips and averaging 1.3 pips for EURUSD. Spread betting has no additional fees at FXCM.
Pepperstone is an Australian online broker that was created in 2010 and is regulated by the FCA in the United Kingdom and ASIC in Australia. Client assets are maintained in consolidated accounts with major banks. These particulars demonstrate the company's trustworthiness and secure the safety of the client's finances. Fast order execution, low fees, and very low spreads starting at 0.0 pips are also advantages of this broker. The EURUSD spread is 0.09 pips on average.
5) CMC Markets
CMC Markets, which was founded in 1989, has been in business for more than 30 years and has gained its clients' trust by taking a confident posture in the exchange and over-the-counter markets. Among the trading assets accessible are CFDs for equities, commodities, cryptocurrencies, and traditional currency pairs. This broker offers competitive spreads that start at 0.7 pips, the same as the average EURUSD spread. Spread betting is free at CMC Markets, but there are fees for keeping a spread betting position open overnight.