When choosing the best spread betting platform uk it’s important to consider a number of factors. These include supported markets, fees, minimum bet sizes and accepted payment methods. In addition, the best brokers offer unique features that improve trading conditions. This might include a free VPS, API trading or proprietary tools. It’s also worth looking for a broker that offers negative balance protection, which ensures traders don’t lose more than their original investment.
XTB is one of the top spread best-spread betting platforms uk, offering traders a diverse selection of tradable markets and industry-standard instruments. This is coupled with a range of educational resources and a comprehensive trading academy. The company also offers competitive spreads and commissions, making it a great choice for new investors.
Top Forex Brokers for 2024: Which Ones Are Leading the Market
Spread betting brokers let you speculate on the price of shares, indices, commodities and forex markets with trades structured as bets rather than purchases of the underlying assets. This makes them different from stockbrokers in the UK as profits are taxed at a lower rate of 28% or 18% (depending on your individual income tax bracket). In addition, spread betting is exempt from stamp duty, which is normally payable when buying shares.
One of the longest established spread betting brokers in the UK, City Index offers a range of services and a competitive fee structure. Their fees are low and transparent and they have some of the lowest minimum spreads on all their supported markets. They also have a range of additional features, such as trading on the weekend and automatic stop loss.
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