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Who is the best Spread Bet broker
Last update : July 2010
This is a similar question to 'which is the best bank'. In my opinion both the spread bet brokers and the banks are all as good and as bad as each other.

You might for example swear by Barclays having never had a problem in over 10 years. Others though will report that Barclays are THE worst and instead highly recommend First Direct.
Spread Bet Broker recommendations
It is exactly the same with the Spread bet brokers. Some love broker A, others will report that they're no good and in their opinion should be avoided.

So how to find the right broker for you? This is what I'd look for -
  • What sort of markets do they offer and how competitive are their bid-offer spreads
  • Look at their online trading platform in relation to their competitors
  • The size of the minimum bet, the smaller the better (small bets add to flexibility) and critical when first starting out, losses should be kept small at all times
  • How efficient is their Help desk - call it up, how long do they take to answer the phone, are they actually any help etc
Opening an account with any of the brokers is simple, most of the time it can be done online. This also makes changing accounts easy, so if you're not happy with your present broker it's simple to take your business elsewhere.
The importance of getting the right spread bet broker
There are good spread bet brokers and bad ones. Having a good broker won't guarantee you profits but a bad broker will probably lead to losses as a combination of their gamesmanship and suspect software takes its financial toll.

So who do I recommend? Simple, the 2 brokers I personally use for my own spread betting. Read this page for more details.
FREE Report - How to Learn Spread Betting and Prosper
How to build the all-important trading experience
Where to get trading help and advice
Which broker to use and why
Simple 2 month training plan to follow
Download the FREE report
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