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Who to open an account with

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Spread Betting: Who to open an account with
Last update : March 2010
"Which is the best spread betting firm and where should I open my account" is a question often asked.

But this is somewhat like asking 'which is the best high street bank'. Personally I use Natwest and am happy with them but there are plenty of people who have nothing good to say about their services.

The conclusion I've therefore come to is that like the banks all the spread bet brokers are as good and as bad as each other. And you can see evidence of this on some of the market related internet Message Boards where -

  • Some posters will trash XYZ Broker
  • While others will report they've been a happy client for years with no hint of any problems
Spread Betting brokers
So what to do - How to find a good spread bet broker
If I were looking for a broker I'd do the following -
Changing your broker is easy
A good piece of news is that opening an account with a spread bet broker is usually efficient. All it takes is filling out a few online forms so if you don't like one broker vote with your feet and move to another.
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