When it comes to spread betting (or CFD trading) the quality of your broker is crucial. Your broker executes all your trades and if you have a poor one it can really damage your profits.

Finding a good spread betting platform broker can be time consuming but it is worth the effort as it will save you money in the long run. It’s also a great idea to only trade with the best brokers as you can minimise your risks.

As a general rule you want to find a spread betting broker that is regulated in the UK by the FCA. This will ensure that they are properly capitalised, treat you fairly and have proper compliance systems in place.

Best Spread Betting Platforms in the UK: Maximize Your Profits

You should also look for a company that offers a wide range of markets and low trading costs. Many companies specialise in certain markets and offer them at attractive prices but this can mean that they have higher trading costs for other assets. This is why you should always compare trading costs across the full asset class offering.

City Index is a great choice for spread betting for beginners as they have a simple trading platform and lots of analysis and news to help you make the most of your profits. They also have a free demo account and are regulated by the FCA so you know that they will treat you fairly. They offer a large range of markets including shares, forex, indices, commodities and cryptocurrencies. Their MT4 trading platform is highly customisable with a range of technical analysis charting tools and indicators.