Top Brokers for Spread Betting & CFD Trading [2024]

Choosing the Right Broker

In the ever-evolving landscape of online trading, selecting the best broker for spread betting or CFD trading is a pivotal decision that can significantly impact your trading journey. The ideal broker not only provides a secure and efficient trading environment but also aligns with your financial goals, trading style, and educational needs. With a myriad of options available, it’s essential to consider various factors such as regulatory compliance, trading platforms, account types, market access, and customer support.

This comprehensive guide delves into the top five brokers—Pepperstone, SpreadEx, ActivTrades, Admirals, and FXPro—highlighting their unique offerings, strengths, and areas where they might fall short. Through detailed pros and cons for each broker, this analysis aims to equip you with the knowledge to make an informed choice that best suits your trading aspirations.

Best Spread Betting Brokers in 2024

Our Top 5 Brokers / trading platforms offer a great range of standard and premium services that excel in customer service, education, reliability and security. Trading CFD’s & Spread Betting requires a platform / broker that offers low fees, quick execution and these are just some of our criteria. For more information see our reviews of best spread betting brokers.

Pepperstone: Pioneering Forex and CFD Trading

Pepperstone Homepage image February 2024

Pepperstone, established in 2010, has rapidly grown into a leading online broker, offering access to a broad range of financial markets including Forex, CFDs, indices, commodities, and cryptocurrencies. Recognized for its commitment to low-cost trading, advanced technology, and superior customer support, Pepperstone provides traders with everything needed for a competitive edge in the markets.

Pros
  • Advanced Trading Platforms
  • Wide Range of Trading Instruments
  • Competitive Pricing
  • Regulatory Compliance
  • Zero / Razor Accounts
Cons
  • Complexity for Beginners
  • Variable Spreads
  • Limited Educational Resources
  • Restrictions in Certain Countries

Trading Platforms

  • MetaTrader 4 (MT4): Known for reliability, ease of use, and comprehensive analytical tools, allowing for customizable charts, indicators, and automated trading through Expert Advisors (EAs).
  • MetaTrader 5 (MT5): Offers expanded features such as more technical indicators, graphical objects, an integrated economic calendar, and improved strategy testing for EAs.
  • cTrader: Renowned for its intuitive interface, advanced trading capabilities, Level II pricing, and direct market access, making it ideal for scalping and high-speed trading.
  • TradingView: Enables direct trading from charts, combining TradingView’s analytical tools with Pepperstone’s execution capabilities.

Account Details

  • Minimum Deposit: 200 AUD or equivalent, accommodating both beginners and seasoned traders.
  • Maximum Leverage: Up to 1:30, offering significant potential to amplify trading positions.
  • Trading Instruments: A diverse array including cryptocurrencies (for professional traders), CFDs, indices, commodities, and Forex, facilitating portfolio diversification.

Pepperstone’s blend of technology, market access, and customer service makes it a top choice for traders globally. With its range of platforms and instruments, alongside a strong regulatory framework, Pepperstone caters to traders of all levels, though beginners may need time to navigate its advanced offerings.

SpreadEx: Merging Financial Spread Betting with Sports Betting

SpreadBet Homepage Screenshot Feb 2024

SpreadEx, founded in 1999 and based in St Albans, UK, uniquely combines the worlds of financial spread betting and sports betting, offering a comprehensive betting and trading platform. As a Market Maker/Dealing Desk (MM/DD) broker, SpreadEx caters to a wide audience by providing tailored services that meet various client needs, from casual bettors to serious traders.

Pros
  • Offers both sports betting and financial spread betting, providing a unique blend of services.
  • Regulated by the UK Financial Conduct Authority (FCA), ensuring high standards of security and fairness.
  • Provides a wide range of markets including forex, shares, indices, and commodities.
  • User-friendly platform suitable for both beginners and experienced traders.
  • Offers tight spreads and leverage, enhancing trading opportunities.
Cons
  • Platform features may be less comprehensive compared to dedicated financial trading platforms.
  • Limited global availability, primarily focused on the UK market.
  • May not offer the same depth of resources and tools as some larger brokers.

Trading Platforms

  • SpreadEx Financial Trading App: A cornerstone of SpreadEx’s offerings, this app integrates financial trading and sports betting into one seamless experience. It boasts customizable screens, advanced charting tools, fast and fair execution, and advanced orders, making it versatile for both market sectors.

Key Features

  • Trading and Betting Integration: Unique in providing both financial spread betting and sports betting.
  • Customizable Platform: Tailored trading and betting experience with advanced tools.
  • Competitive Conditions: Tight spreads and leverage options enhance trading opportunities.

SpreadEx stands out for its dual focus on financial and sports spread betting, appealing to a broad range of users. Its commitment to providing a user-friendly, integrated platform, along with its regulatory compliance and competitive trading conditions, makes it an attractive choice for those looking to engage in spread betting within the UK market.

ActivTrades: Tailored Solutions for Diverse Trading Needs

ActivTrades platform Screenshot

ActivTrades stands out as a broker that combines advanced trading technology with a wide selection of financial instruments, appealing to a broad spectrum of traders. With its foundation laid in 2001, ActivTrades has grown to offer services that cater to both beginner and experienced traders, emphasizing strong regulatory compliance and customer support.

Pros
  • Advanced trading platforms including MetaTrader 4 and MetaTrader 5 plus ActivTrader.
  • Strong regulatory framework, regulated by the FCA in the UK and other jurisdictions.
  • Wide range of markets including Forex, commodities, indices, shares, and ETFs.
  • Competitive spreads and no commission on most trades.
  • Comprehensive educational resources and trading tools for traders of all levels.
Cons
  • Some account types and features might be restricted to certain jurisdictions.
  • May not offer as wide a range of cryptocurrencies as specialized crypto exchanges.
  • Customer support could have limited availability in certain languages.
  • Trading costs and fees may not be the lowest for high-volume traders compared to some other brokers.

Trading Platforms

  • MetaTrader 4 and MetaTrader 5: Provide a robust environment for trading with advanced charting tools, automated trading via Expert Advisors (EAs), and customizability.
  • ActivTrader: This proprietary platform offers an intuitive interface with powerful trading tools, advanced risk management features, and direct market access.
  • TradingView Integration: Offers comprehensive technical analysis capabilities directly within the trading platform.

Account Features

  • Professional and Individual Accounts: Cater to different trading needs, with tailored features such as higher leverage options for professional accounts.
  • Islamic Account: Provides swap-free trading conditions in compliance with Sharia law.

ActivTrades exemplifies a broker that provides versatile trading solutions backed by a strong commitment to regulatory standards and client support. Its array of platforms and instruments makes it a suitable choice for traders looking for a comprehensive and secure trading environment.

Admirals: Comprehensive Trading and Educational Platform

Admirals Education Screenshot - Feb 2024

Admirals, formerly known as Admiral Markets, is a prominent forex broker that has distinguished itself through competitive trading conditions, a vast array of trading platforms, and a diverse range of account types. This section highlights the key features, account types, trading conditions, and educational resources offered by Admirals to provide traders with in-depth insights.

Pros
  • Wide range of financial instruments including Forex, Indices & Commodities
  • Regulated by reputable financial authorities ensuring security and reliability
  • Advanced trading platforms like MetaTrader 4 and MetaTrader 5 available
  • Competitive spreads and low commission rates enhance trading profitability
  • Incredible educational resources and trading tools
Cons
  • Customer support not available 24/7, limiting immediate assistance
  • Limited product range in some countries due to regulatory restrictions
  • Withdrawal fees and processing times can be inconvenient for some traders

Trading Platforms

Admirals offers access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with WebTrader, ensuring traders have the flexibility and advanced tools needed for a comprehensive trading experience.

  • MT4 & MT5: Known for advanced technical analysis tools, fundamental analysis capabilities, and multi-asset trading functionality.
  • WebTrader: Allows for trading directly from a web browser, ensuring convenience and accessibility without the need for software installation.

Account Types

Admirals provides multiple account types tailored to different trading needs and strategies, including Trade.MT5, Invest.MT5, Zero.MT5, Trade.MT4, and Zero.MT4 accounts, characterized by low spreads, leverage limits, and support for multiple base currencies catering to a wide range of traders.

Admirals’ commitment to education, customer support, and technology makes it a solid choice for traders looking for a reliable online broker. Whether interested in manual or algorithmic trading, Admirals offers the tools and resources to support trading objectives, backed by strong regulatory oversight.

FXPro: A Beacon of Innovation in Online Trading

Screenshot 2024 02 17 at 17.53.28

FXPro emerges as a distinguished player in the online brokerage industry, celebrated for its comprehensive range of trading platforms, diverse account options, and extensive selection of financial instruments. Established in 2006, FXPro has sculpted a reputation for providing a transparent trading environment without dealing desk intervention, underpinned by competitive spreads and low commission rates.

Pros
  • Wide range of trading instruments including Forex, CFDs on shares, indices, metals, and energy.
  • Regulated by several top financial authorities, ensuring high levels of trust and security.
  • Exceptional proprietary platform, acclaimed for ease-of-use.
  • No dealing desk intervention, providing transparent and fair trading conditions.
  • Competitive spreads and low commission rates, enhancing trading profitability.
Cons
  • Not available to residents of certain countries, including the USA, due to regulatory restrictions.
  • Customer service experiences can vary, especially during high-volume periods.
  • Education resources are considered less comprehensive than competitors.

Trading Platforms and Tools

FXPro offers an unparalleled selection of trading platforms to cater to every trader’s needs:

  • MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Renowned for their robust functionality, offering advanced charting tools, automated trading capabilities, and a user-friendly interface.
  • cTrader: Stands out for its sleek interface and sophisticated order execution capabilities, particularly suited for scalpers and traders who prioritize execution speed and precision.
  • FXPro EDGE: A proprietary platform designed for flexibility and customization, enabling traders to adapt the trading environment to their specific strategies and preferences.

Account Types and Features

FXPro distinguishes itself with a variety of account types, ensuring traders can find the perfect match for their trading style:

  • FXPro MT4, MT4 Instant, MT5, cTrader, and FXPro EDGE accounts, each with unique features to support different trading strategies.
  • Islamic Account options for traders requiring swap-free accounts.

FXPro’s dedication to innovation, client satisfaction, and regulatory compliance makes it a formidable choice for traders seeking a reliable and versatile online broker. Its state-of-the-art proprietary platform, coupled with a wide array of trading instruments and account types, ensures that FXPro stands out in the crowded field of online brokers.

Conclusion

Selecting the right broker is a nuanced decision that hinges on a variety of factors, including trading platforms, account types, market access, educational resources, and customer support.

This comprehensive analysis of Pepperstone, SpreadEx, ActivTrades, Admirals, and FXPro provides a foundation for understanding the unique value each broker offers. Whether prioritizing advanced trading technology, diverse financial instruments, educational content, or competitive trading conditions, traders can find a broker that aligns with their needs. By considering the detailed pros and cons of each broker, traders are equipped to make an informed choice, setting the stage for a successful and fulfilling trading journey.

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New Providers
TradingView

TradingView is one of, if not THE, most popular trading platform in the world. They offer an incredible range of indicators & markets with great customizable indicators through their easy-to-learn PineScript language.

Pepperstone

Trusted, Australian-Based Broker 
Excellent user experience with commonly used software options MT4, MT5 & cTrader 

SpreadEx

Fantastic customer service coupled with a wide range of markets, UK-based and also offers sports betting options.

ActivTrades

ActivTrades, established in 2001 is a multi-national company with their own proprietary trading platform.

FxPro

Founded in 2006, FXPro is a global company that excels in forex / currency trading and has won numerous international awards