There are various spread betting companies in the market, mostly aimed at ordinary investors while others are geared towards professional traders targeting higher stakes. Whichever category you fall into, it pays to do your research. At Spread Compare we have summarised some key points which may assist in deciding which company to use.
We suggest you join with more than one, allowing you to try various trading platforms and most importantly compare spreads! Also, keep in mind that not all spread betting companies offer the same instruments, so if your looking to trade a specific instrument than you should contact the spread betting companies.
IG Index, the original IG Group company, was founded by Stuart Wheeler in 1974. ‘IG’ originally stood for ‘Investors Gold’
Based in Finsbury Circus in London, City Index is one of the oldest spread betting firms around. It was established in 1983, offers Contracts for Difference (CFD) trading and serves clients all around the world.
SpreadEx was started back in 1999 by former trader Jonathan Hufford. He wanted to create a more user friendly and accessible method of spread betting and to offer sports spreads. SpreadEx is the perfect one stop shop for both Sports and Financial spreads.
Though CMC Markets came into existence in 2005, the older firm called “Currency Management Corporation” was born in 1989. Peter Cruddas – the well known entrepreneur has managed to grow the business from just dealing in Foreign Exchnage.
Finspreads has a long history and has changed hands three times till now. First it was created by Sporting Index in 1999 who later sold it off to the IFX Group. City Index then purchased IFX Markets in 2006 which brought Finspreads under their control.
GFT Global Markets is closely associated with the US firm called Global Forex Trading (GFT) based in the US. It’s a division of Global Futures & Forex, Ltd., again based in the US. It was formed in 2006 and offers a range of spread betting opportunities to clients across the world.
TradeFair is funded and is part of the Betfair group but uses the underlying services from the London Capital Group and have over 2000 markets that can be traded on.
Shorts and Longs is another name for Spreadex which was established in 1999. As such, they’re one of the oldest players in the market, though “Shorts and Longs” has been in existence only from September 2008.
As a platform for serious investors, ProSpreads started in 2005 under the name of FuturesBetting. The London Capital Group purchased it in 2008 and changed its name to what it is now.
Accendo Markets is primarily an advisory firm that also provides “execution only” facilities. It’s one of the best known providers of CFD brokerage and has won some impressive awards regarding their services.
Selftrade is the trading name of Talos Securities Ltd. in the UK. They are an “execution only” stockbroker which means the investor takes all the responsibility and receives no advice.
A leading spread betting company who provide a user-friendly spread betting platform to retail investors. You can trade using thier three spread betting accounts, tailored to meet your experience levels.
Although financialspreads are fairly new to the market, the technology, pricing and service is provided by London Capital Group which allow fast execution and safe trading
Spread Co is one of the leading providers of financial spread betting and CFD trading. Open an account today and trade with tight spreads and low financing and margins.
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