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You Are Here: Home > Stockmarket & Trading > Spread Betting Section > FAQ : Question & answer
Why having 2 Spread Betting

accounts is a good idea

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It's common to find spread betters having 2, 3 or even more accounts with the different brokers and it often makes sense.

Personally I use 2 spread bet brokers and rate them side-by-side on this page.

having 2 or more brokers is a good move for all or some of the following reasons -

  • Better prices - one broker might offer the best price for the FTSE 100 but another broker beats it for US shares and commodities

  • System breakdowns - some punters trade large positions so need a backup broker to handle their trades if their main broker's system go down

  • They're free - it doesn't cost you anything to open an account and maybe one of the brokers has excellent charting capabilities so use that for charting and another broker for trading

  • Binary betting - If you like binary betting then IG index offers the best service, although you might prefer to do your traditional spread betting through City Index - more information on Binary Betting
Summary
If you're serious about your spread betting then I strongly advise you to open a different account with another broker as it's common sense. And don't forget the smartest traders are normally the ones who are best prepared.
WARNING! - Spread Bet Broker Advice



There are good spread bet brokers and there are 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 (and I've used them for years) -

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
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