Hey Everyone
I was wondering if anyone had any experiences with UK brokers that offer spread betting. Would be great to hear you stories, good and bad!
Hey Everyone
I was wondering if anyone had any experiences with UK brokers that offer spread betting. Would be great to hear you stories, good and bad!
I would open demo accounts with three big firms. Rate their platforms and test their customer service levels. There could be some quite individual preferences that will help make your decision.
very good suggestion from tommor, above, of course
brief additional thoughts, if relevant to you: Avatrade is the one that (notoriously) isn’t FCA-regulated so you might perhaps want to give that one a miss?
Oanda has TradingView available (they call it “advanced charting,” it’s a free white-label version), which is very good
Pepperstone has cTrader available, which is very good
That is good. Which platform do you prefer? I used MT4 and MT5 and found them reliable.
I’ve had a browse and have opened an account with Spreadex
good luck - take it easy!
(sounds good to me: they’re FCA-regulated and have TradingView )
I double checked that they were FCA regulated before I opened an account. And you can also place small trades (bets), which is something I wanted.
To start with I’ve just credited my account with £50. My idea is to check the charts on a Sunday to find some trend set ups form market opening.
Well, that turned out to be an epic fail.
Although there isn’t a minimum deposit amount you can’t actually bet on micro lots so my £50 balance is not enough to open any positions!
What a total waste of time.
Are you going to deposit some more money?
No, I’m going to try and find another broker that allows smaller bids/trades.
I was planning on putting in limit orders to open 3 positions this morning but can’t open any as they want a minimum balance of between £90 to £300 for each trade.
I understand that. My broker requires margin for example of about ÂŁ45 per ÂŁ1 per pip on GBP/USD, plus at least that much again uncommitted in the account.
both platforms are more appropriate for trading , you can choose anyone , from my first day of trading i have been using MT4 and still going good with them.
I’ve been doing some ISA share investments through Trading 212 and I do also have a CFD account with them that does allow me to open the smaller trades I want, but I wanted to trade using a Spread Betting account.
spreadco.com is also FCA-regulated and has spreadbetting from ÂŁ0.10 per point/pip - maybe worth a look?