Is spread betting better than the usual CFD trading? How to choose the best broker if you want to try spread betting? What matters the most when it comes to it?

Spread betting is one of the most common ways to gain profit in the market. While promising, spread betting is not without risk. If you want to try spread betting, finding the right brokers is very crucial. The best spread betting brokers should be trustworthy and have access to various assets to place a bet on. Before diving deeper, let's understand more about spread betting.

 

What is Spread Betting?

In short, spread betting is when investors place a bet or speculate on the price movement of a financial instrument. They will open a position based on where they think the price will move. For example, if they believe the price will go up, they will open a buy position. On the contrary, if they believe the value will decline, they will open a sell position. Investors are allowed to speculate on different kinds of assets' price movements such as forex, stocks, even commodity. They can also choose how much they are willing to risk.

spread betting broker

Some spread betting is advertised as a tax-free and commission-free activity, which makes it very popular among investors. It's also a leveraged product, which is great for investors with a minimum budget. But, it also increases the damage when the investors are losing. Another disadvantage of spread betting is during a volatile period, it's possible that the broker expands the spread, which will trigger stop loss orders and increase the trading fee.

 

Spread Betting Vs CFD Trading

You might be thinking that spread betting sounds rather similar to CFD trading. Both of them are leveraged derivative products and required a preliminary deposit. In both cases, investors have no ownership of the assets. But, that is where the similarity ends. CFDs are derivative contracts between investors and a financial institution that tracks the value of some instrument.

For example, you want to trade on the US 500 index and the CFD provider stated that 1 CFD is worth $1 per pip. Meanwhile, the sell and buy prices on the US 500 are 4520.0 – 4520.5. You believe that the prices are going up, so you buy 2 CFDs at 4520.5. Therefore your position is:

4520.5 x $2 = $9,041

Say you guess correctly and you close your position when the US 500 quote is 4550.0 - 4550.5. How much profit do you get?

4550.0 - 4520.5 = 29.5 points

29.5 x 2 CFDs = $59 (profit)

But if you guess wrong, and now the US 500 quote is 4480.2 - 4480.9, you can calculate your loss like this:

4480.2 - 4520.5 = -40.3 points

-40.3 x 2 CFDs = $80.6 (loss)

Now, how about spread betting? As mentioned above, spread betting allows investors to speculate on the price movement of financial instruments. For example, say you want to speculate on the US 500. Now, let's think you predict the market to rise from 4540 and you bet $5 per point.

Turns out the market has risen, and your trade has gone up, so you decide to close it. But then there are new prices which are 4556.2 to sell and 4557.1 to buy. So the calculation would be:

4556.2 - 4540 = 16.2

Because you bet $5 per point, that means:

16.2 x $5 = $81 (profit)

But, what if you got it wrong and the market ends up falling? Let's say the price is now 10 points below your targeted entry, and the new price to sell is 4530, while the price to buy is 4530.8. Your loss would be:

4530 - 4540 = -10

-10 x $5 = $50 (loss)

That means you lose $50 for this bet.

Account size, £
Risk Ratio, %
Stop-Loss, points

Money risk, £
Bet size, £/point

What You Should Look For in Spread Betting Broker

When it comes to spreading betting brokers, you need to find the best broker to make sure your wage is safe. There are plenty of brokers that allow spread betting, but you need to know what kind of factor you want in your broker. These are some of the most important aspects you need to consider.

 

1. Trust

It's important to trust your spread betting broker. After all, you are going to bet your money. Don't forget to do your homework and research about your broker to make sure they are trustworthy. Find out how long has the brokerage been operating, or how much experience they have in the betting market of your choice. Don't forget to read reviews about the broker from other traders on forums as well.

Don't forget to check your broker regulations. A good broker should be clear about their legality. Check on their locations as well, since locations can determine which governing body they are regulated with. For example, if your broker is EU-based, they should be regulated by FCA or other regulatory bodies in the European Union.

 

2. Cost

Eventually, the purpose of betting is to gain profit from the market. You don't want to lose most of your profit to pay for the broker's fee. That's why finding a low-cost broker is always a great idea. First, you need to think about the spread, which is the difference between the bid price and the offer cost of the asset. Normally, brokers will charge for the opening and closing of a bet, so try to look for those with the lowest spread in order to maximize your profit.

 

3. Customer Service

A good spread betting broker should provide you with the best customer service. That way you can interact better with them. Some things you need to consider regarding customer service are what kind of language they provide, what time can you contact their service, and where can you reach them (email or through live chat). Some brokers provide 24 hours customer service to respond to their overseas clients.

Good Customer Service

 

4. Platform

Although it seems frivolous, a trading platform can affect your forex spread betting activity. This can influence your accessibility. For example, if you are very busy and rarely stay in one place, you need a mobile-friendly platform. The question is, does your broker's platform allow you to do this? Can you reach the customer service through the mobile version?

 

Best Spread Betting Brokers

Below are some of the best forex spread betting brokers that you can consider.

 

Pepperstone

Pepperstone is relatively new to the spread betting market, but it has become one of the most trustworthy brokerages in that short time. This forex broker was launched in 2010 and regulated by FCA as well as ASIC. When it comes to the cost of spread betting, Pepperstone offers tax-free profits for forex, commodities, and indices. This broker uses MT4, MT5 as well as cTrader as their trading platforms. Pepperstone customer support is no joke, for they have award-winning customer support to provide great trading assistance.

Spread
Variable
Regulation
ASIC, 414530
Min Deposit
$200
Established
2010

Free education
Trading by telephone
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Credit/debit cards
PayPal
UnionPay
Wire transfer

FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.

 

Capital.com

Another broker that should be considered as a great spread betting broker is Capital.com. Not only does this brokerage offer tight spreads, but Capital.com also has no tax and no commission for their spread betting product. No need to worry about safety, because this broker has been regulated by ASIC and FCA. The company serves all kinds of traders and provide both mobile apps and web platform, as well as popular platforms like MT4. As for customer service, you can reach them through phone calls and email.

 

Moneta Markets

Moneta Markets has different trading platform options which cater to all kinds of investors. The client can choose between MetaTrader 4 or 5, as well as WebTrader and AppTrader. Sadly, trading tools are not integrated for both mobile and desktop app. Moneta Markets's clients can experience some of the lowest costs in the industry, with plenty of instruments to choose from.

This broker also provides a demo account for new traders and professionals alike. This broker has been regulated by Vanuatu Financial Services Commission, and the customer support is reachable by phone and email, which is great for mobile traders.

Spread
Fixed
Regulation
Cayman Islands Monetary Authority, 1383491
Min Deposit
$50
Established
2020

Bonus offers
Free education
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Bitcoin
bitwallet
Boleto Bancário
Credit/debit cards
Dash
Ethereum
FasaPay
Tether (USDT)

 

City Index

As a well-known brokerage across the industry, City Index truly deserves to be one of the best spread betting brokers you should consider. This company has been around for over 35 years and has won several awards for its amazing trading platforms and mobile apps. City Index has also been regulated by ASIC and FCA, so their trustworthiness is no longer a question. This broker provides a tax-free spread betting with more than 8,000 global markets to choose from. Unfortunately, City Index's customer service is not available via phone call and can only be reached through email and chat support.

Spread
Variable
Regulation
ASIC, ACN 141 774 727, AFSL 345646
Min Deposit
$250
Established
2001

Bonus offers
Free education
Trading by telephone
Managed accounts
Payment
Credit/debit cards
Wire transfer

 

CMC Markets

Regulated by the BaFin and FCA, CMC Markets is one of the best spread betting brokers you can found. They have some of the best trading platforms for mobile, tablet, and online, which makes them perfect for all kinds of clients. CMC Markets promise no hidden fees with their spread betting program and offer more than 11,000 instruments to bet on. The downside with CMC Markets is the customer service. Their service can only be reached through email support, which can be a deal-breaker for some people.

Spread
Fixed
Regulation
BaFin, 154814
Min Deposit
$1
Established
1989

Free education
Segregated accounts
Payment
Credit/debit cards
Wire transfer

 

FXCM

FXCM is a very trusted broker with more than 20 years of experience. No wonder they should be considered as one of the best spread betting brokers. This broker is a great choice if you want to start spread betting, as they allow you to open a practice account to familiarize yourself with betting before actually jumping into the market. FXCM also allows you to place smaller bets which is always a good thing for novices. Not to mention, they offer tax-free benefits.

FXCM is regulated by ASIC and FCA, which makes trading with this broker feels safer. When it comes to the platform, FXCM has different options like MetaTrader 4, Trading Station II, MirrorTrader, and NinjaTrader. If you need more information, you can always contact their customer service through email and chat support.

Website
www.fxcm.com
Spread
Fixed
Regulation
ASIC, 309763
Min Deposit
$1
Established
1999

Interest rate on funds
Free education
Trading by telephone
PAMM accounts
LAMM accounts
Segregated accounts
Managed accounts
Requires sending documents via postal mail
Payment
Credit/debit cards
Neteller
Skrill
Wire transfer

Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December 1998, Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.

 

IG

As a broker, IG has plenty of experience because it has been in the industry since 1974 and has been regulated by CFTC/NFA and FCA. It's safe to say that they are one of the most reliable as well as one of the best spread betting brokers you can find. You can bet without paying capital gains tax or stamp duty and get full market exposure with just a small initial deposit. IG offers plenty of trading platforms, such as MetaTrader 4, PureDeal, and L2 Dealer. If you have any questions, you can reach their customer supports via email.

Website
www.ig.com
Spread
Variable
Regulation
CFTC/NFA, 0509630
Min Deposit
$1
Established
1974

Free education
US traders are welcome
Payment
Credit/debit cards
Wire transfer

IG Markets is an online trading provider with decades of experience in the financial market. Founded in 1974, the world-leading company has gathered more than 178,000 clients worldwide with over 16,000 markets reached as of 2019. IG Markets is authorized and regulated by the Australian Securities and Investment Commission (ASIC). It is also important to note that being established in 1974 makes IG Markets one of the forefront online CFD brokers. Their service has expanded to 15 countries across five continents.

Aside from famous for its reliable experience, IG Markets is also known for its truly broad range of trading instruments. In fact, the broker has long been regarded as one of the most accomplished companies in offering the most trading assets to clients. The wide choice of instruments includes forex pairs, 26 indices, over 12,000 shares, hard and soft commodities, cryptocurrencies, as well as other markets such as bonds, rates, and options.

Forex trading in IG Markets is provided in two ways: CFD and DMA (Direct). Here are the conditions for each type of trading:

Forex CFD

  • Minimum spread: 0.6 pips
  • Commission: None
  • Platforms: Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs
  • Trading size: Contracts
  • Demo account: Yes

Forex DMA

  • Minimum spread: No details
  • Commission: from $10 per $1 million traded
  • Platforms: Web, mobiles apps, L2 Dealer, terminals, and APIs
  • Trading size: Lots
  • Demo account: No

Both ways of trading are available for all clients. However, DMA does not enable trading in MetaTrader 4. Clients are also not allowed to trade in a demo account for virtual trading. It is essentially a type of trading reserved for experienced traders with high necessity for the best pricing in the market, as DMA offers market depth from a range of exchanges (including full market depth from the LSE).

Trading platforms in IG Markets are accessible via web, mobile app, and desktop. They are offered with 2 main varieties: Core Platforms and Specialist Platforms. The core platform is meant for all types of trading with the add-ons of DMA, ProRealTime access, and Forex Direct. Meanwhile, Specialist Platforms consist of L2 Dealer, ProRealTime, and MetaTrader 4.

The first two platforms charge fees that include minimum $2000 balance and monthly fees for shares data and level 2 prices (for L2 Dealer), as well as platform fees amounting to $40 per month and monthly fee for shares data (for ProRealTime).

IG Markets does not require a minimum balance to open an account. It also provides a swap-free account that frees clients for any interest, rollover, or swap charges on overnight positions. Yet, All costs and charges are built into the spread. This account suits well with long-term traders who need to keep their positions open for days or even weeks.

For beginners, IG Markets builds an IG Academy that gives interactive education and online trading courses. This way, clients can get a grip on the financial markets with the essentials of trading provided in infographics, video explainers, and end-of-course quizzes. Even better, the IG Academy is already integrated into its mobile app so clients can always learn about financial markets in much more efficient ways.

In conclusion, IG Markets is a client-friendly broker with more than 40 years of experience to back up its credibility. Their efforts and commitments to provide the best varieties of trading platforms are proven in the unique Core and Specialist Platforms.

Traders with little experience can apply to Forex CFD account in either Core Platforms or MetaTrader 4, while professionals can achieve the best experience in the financial market with IG Market's DMA trading and L2 Dealer or ProRealTime platforms.

 

ETX

Besides being the best spread betting broker, ETX is also known to be one of the best for forex trading and CFDs. Profits you gain from spread betting in this broker are exempt from both stamp duty and capital gains tax within the UK. ETX has been around since 1965 and is regulated by CySEC and FCA. When it comes to the trading platforms, ETX offers ETX TraderPro to help clients with trading and betting activities. If you encounter any problems, you can always contact them through email support.

 

Vantage FX

Vantage FX is mostly known to be a great broker to trade forex and CFDs trading for global clients. Still, they are also known to be one of the best spread betting brokers as well. You only need to pay for the spread with this broker, which means no commissions fee. To ensure your safety, Vantage FX has been regulated by ASIC and the FCA. This broker uses MetaTrader 4 and 5, as well as WebTrader as the trading platforms. If you encounter any problem, you can contact their customer service through email, phone calls, and live chat as well.

Spread
Fixed and Variable
Regulation
ASIC, #ACN 140 903 886
Min Deposit
$200
Established
2006

Interest rate on funds
Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
PAMM accounts
MAM accounts
Segregated accounts
Managed accounts
Affiliate program
Islamic accounts available
Payment
AstroPay
Credit/debit cards
FasaPay
Neteller
Skrill
UnionPay
Wire transfer

Vantage FX was founded in 2009 in Australia. It is the brand name of the Vantage International Group which is regulated by the Cayman Islands Monetary Authority (CIMA). Before it is known as Vantage FX as today, they used to be MXT Global in 2009 and Vantage FX Pty LTD in 2015. The Vantage Group also operates other companies such as Vantage Global Prime, which is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).

According to the broker’s website, Vantage FX adds further protection to clients by segregating client funds and holding their funds with Australia’s National Australia Bank (NAB). NAB is one of the 4 largest financial institutions in Australia as well as the Top 20 safest banks in the world. Thus, clients don't need to worry about saving their funds at Vantage FX.

With Vantage FX, traders will experience super-fast trade execution, as well as interbank grade and RAW ECN spreads. When combined, these elements offer clients a true institutional trading experience, across a wide range of trading instruments. They also offer services designed for both beginners and professionals with access to Forex ECN trading, as well as CFD trading on Indices, Commodities, and U.S & Hong Kong Shares. Those instruments are available to trade on MetaTrader 4 and MetaTrader 5, either for Mac, PC, iOS, or Android. There are also social trading platforms such as MyFXbook and Zulutrade.

By registering in Vantage FX, traders will have access to an impressive range of educational materials and research tools including MT4 SmartTrader Tools, a wide variety of promotional trading offers and rebate programs, as well as access to accounts with up to 500:1 leverage. Vantage FX provides research in the form of technical and fundamental analysis on its blog from in-house staff as well as guest writers. There is also an economic calendar powered by MQL5 from MetaQuotes. For clients who deposit at least $1,000, Vantage FX offers a suite of plugins for MT4 branded as MT4 SmartTrader Tools, developed by FX Blue LLP.

As an authorized representative of Vantage Global Prime, the broker caters to retail traders under the Vantage FX brand and offers access to the following instruments:

  • 40 currency pairs, which are the most liquid global forex market currencies.
  • 50 highly liquid US Share CFDs in some of America’s largest companies such as Apple, Google, Coca-Cola, and more.
  • 50 biggest companies listed on the Hong Kong Stock Exchange to trade on.
  • 15 most liquid Indices from across the globe, including the S&P 500, DAX, FTSE, DJ30, and more.
  • 17 commodities, either soft commodities or precious metals.

Clients can open accounts in VantageFX and deposit funds in 8 base currencies: AUD, USD, EUR, GBP, NZD, SGD, JPY, and CAD. They also provide clients with convenient deposit and withdrawal methods through local and international bank transfers, credit/debit cards, and e-payment.

Overall, Vantage FX is valued to be proper for retail traders with small deposits who like the max leverage thresholds. In terms of pricing, the broker's commission-based Raw ECN account is the clear choice for cost-sensitive traders as it features a lower all-in cost compared to its Standard account offering.

 

ThinkMarkets

This broker has been around since 2010 and is regulated by ASIC. ThinkMarkets is a multi-asset brokerage based in Australia and is also known to be one of the best spread betting brokers. However, their spread betting program is only available in the UK. There are plenty of choices when it comes to the trading platforms, as they offer you MetaTrader 4, MetaTrader 5, and ThinkTrader. Should you encounter any problems, you can contact their customer service via email and chat support.

Spread
Variable
Regulation
ASIC, 424700
Min Deposit
$1
Established
2010

Bonus offers
Free education
Personal manager
Trading by telephone
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Bitcoin
BPAY
Credit/debit cards
Ethereum
Neteller
PayPal
Skrill
Tether (USDT)
Wire transfer

As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.

Along with its history operation, ThinkMarkets has been awarded and recognized many times in various aspects. Most recently, they won the Best Value Broker in Asia at the 2020 Global Forex Awards.

Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.

As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. On the other hand, ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).

ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.

The trading platform is available on 3 different interfaces specifically designed for Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.

As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.

For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.

All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd’s of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.

 

After Words

Despite the risk, spread betting is quite popular to gain profit in the market. There are two kinds of betting, forex spread betting which speculate on whether the currency price will go up or down, and financial spread betting which speculates on other financial products' price movement. To do this, you need the best spread betting broker, whose qualities can be determined by its safety, cost, platform, and customer service.

 

Other tips to choose the best broker is to make sure they don't cheat on you. But, how do you know if your broker is honest or not?