Spread betting is a method that involves profiting from the price movements of different markets. A trader speculates on whether the price of a certain product will rise or fall. As a trader, you do not own the assets that you are betting on so you don’t have the restrictions that come with ownership.
Understanding the concept of spread betting is just one element of successful trading. Finding a broker that you can work with should also be a priority, but there are also other elements you must keep in mind.
Here is a list of five brokers regulated by the Financial Conduct Authority in the UK that accept spread betting traders in Switzerland.
Core Spreads is a registered company based in England. Its prime focus is on spread betting, which is a plus for serious traders. The Core Spreads platform is free of the clutter that characterises other platforms and allowing for a better user experience. It gives you the opportunity to concentrate on whats important to traders, trading. All funds are kept in segregated accounts, for added security of your funds when trading with Core Spreads.. Opening a new account with Core Spreads comes with a 50% rebate on the first month’s trades.
With Core Spreads, you get a demo account that you can try out. Some of the instruments that traders have access to include: GBP-USD Spot, 30 Cash, Germany 30 Cash, UK 100 Cash, and US Tech 100 Cash with some of the tightest spreads in the industry.
ETX Capital is a member of the London Stock Exchange and owned by Monecor Limited in London. After acquiring Alpari UK in 2015, ETX Capital made the MT4 trading platform available to its traders. The ETX Binary platform is a recent addition as well. A trader gets the advantage of having market commentary that is up to date.
There is insurance for traders’ funds of up to £50,000 from the FSCS. ETX offers one account option that a trader can open with a minimum balance of $100. Traders can opt to have variable or fixed spreads.
If you are interested in ETX Capital, you can read out full review here.
Spread Co boast a proprietary trading software, Saturn Trader. The trading programme that the broker offers traders is one of its biggest advantages. Spread Co traders can download the software or use it in the cloud. You have two account choices; the Limited Risk Account and the Standard Account. The Standard Account is cheap, but the Limited Account offers the option of automated stop loss orders. The Limited Account is choice amongst less experienced traders. You can also create a demo account and see if they are the right fit for you.
Perhaps the most popular broker in the UK, City Index has been providing its services for over three decades. One of the biggest merits of using the broker is that it covers over 12,000 global instruments. You have numerous choices when trading. The trading costs and margin requirements are low. Traders can get the Advantage Trader platform on their mobile devices
Another benefit that the trader offers is its resource-filled website. Traders get all sorts of materials to help them learn about spread betting. There is also the Trading Academy that awards winners and a rebate of £250 for an initial deposit of £1000
Capital Spreads is part of the London Capital Group Holdings plc and is well-known for offering tight spreads. The broker offers over 2,500 markets to trade on; from indices to metals to bonds. Some resources like webinars and tutorials are available on the website. As a Capital Spreads< trader, you get access to event calendars, and you can use that to prepare in case of market movements. As part of the resources, there is an expert team that relays relevant information on a daily basis to traders. For a beginner, you can take advantage of the glossary list to learn about the terms people use in spread betting. The broker offers CFDs and Forex trading as well. You can go online to access your account or use the mobile platform available. There is also the choice of opening a demo account. Image credit:sdh_zh
You should educate yourself adequately before entering the field of spread betting. It is not advisable to start betting on spreads haphazardly before you learn about the aspects that influence its operations.There are no guarantees when trading and you have to know that there is a chance that you will lose money.