Learn to be a Financial Hunter - Not the Hunted




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

accounts is a good idea

FREE Guide: How to learn spread betting and prosper. If you're new to Spread Betting this free guide will get you building some solid foundations. Download
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
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
Download the FREE report
[an error occurred while processing this directive]

© 2019 LearnMoney.co.uk All rights reserved

The information on the LearnMoney.co.uk website has been compiled from sources believed to be reliable, but is not warranted to be accurate or complete.
All recommendations and comments are provided for general interest only and should not be construed as advice.
Professional advice should always be sought before buying or investing in any financial product.
The price of securities and any income from them can go down as well as up.
Past performance of a security or market is not necessarily indicative of future trends.
Any opinions and recommendations on LearnMoney.co.uk are given in good faith, but without legal responsibility and are subject to change without notice