Financial spread betting allows traders to speculate on price movements of shares, indices, commodities, forex and fixed-income markets without owning the underlying assets. The trades are structured as bets on a value-per-point movement basis and there is no capital gains tax to pay on profits. However, trading is risky and it’s estimated that 70-80% of retail (non-professional) accounts lose money.Check this out :theinvestorscentre.co.uk
The best spread betting platforms offer a variety of charting tools that allow traders to find trends and patterns in the prices of the markets they’re watching. Some of the more established brokers like Spreadex also have a reputation for offering good customer support. However, it’s worth checking whether they charge deposit and withdrawal fees before you open an account.
The Best Spread Betting Platforms in the UK: Features and Reviews
When choosing a spread betting broker, it’s important to check which markets they offer. For example, some brokers only offer shares from the UK and intentional markets while others, such as XTB, also provide access to international share markets. They also offer a wide range of CFD markets including forex, indices and commodities such as gold and silver. Many of the best UK spread betting platforms also offer a variety of fundamental analysis tools. This is particularly useful for trading quarterly markets where company earnings reports and GDP data are likely to influence market direction.
In addition to the range of markets on offer, it’s also important to look at the different ways you can pay for your spread betting positions. For example, some spread betting providers like XTB accept PayPal deposits which are processed instantly. It’s also worth checking how quickly the support teams are available and what hours they operate. XTB’s UK-based customer support is available through live chat and telephone during working hours.