There isn’t one definitive answer to this question as the choice of spread betting brokers that are available in the UK will depend on individual trader needs. However, the most reliable UK-based options are Spreadex, IG and Admirals. Each offers a robust range of markets, competitive spreads and intuitive web and mobile platforms for both beginners and advanced traders.
Regardless of which broker you choose, it is important to ensure that they are regulated. Trading with a regulated spread betting broker will provide you with a level of protection that is not possible when trading with unlicensed brokers. In addition to this, a regulated broker will have stricter rules and regulations that they must adhere to, which helps to protect traders from unscrupulous operators.
Spread Betting Brokers for UK Traders: Which One is Right for You
Spread Betting Brokers for UK Traders is designed to create a safe and transparent trading environment. This is achieved by setting strict financial standards for spread betting companies to follow and by ensuring that all vulnerable parties are protected from unfair practices and financial harm.
In the UK, spread betting profits are exempt from capital gains tax and stamp duty as HMRC views the activity as gambling rather than an investment. This is a huge advantage over traditional investing, which will typically result in a significant tax bill once your profits have been calculated. However, tax laws can change and it is important to seek independent advice before making a decision.
