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Home / Spread Betting Companies

Spread Betting Companies

There are a number of spread betting companies in the UK, each with their own features and unique characteristics. The UK’s top spread betting companies include:

  • Accendo Markets
  • CMC Markets
  • IG Markets
  • Hantec Markets
  • ETX Capital
  • SpreadEx
  • AVATrade
  • Spreadco
  • FXPro
  • City Index

Spread Betting

Financial spread betting is a method of speculating on the value of a financial instrument. In a spread bet, an investor stipulates whether the market will move up or down. Profit is then awarded on a per point basis, where the investor’s stake is multiplied by each point the market moves in the specified direction. If the bet is wrong, the loss is the stake multiplied by each point the market moves against the specified direction. Similar to CFDs, an investor does not own the underlying financial instrument being traded. This allows more private traders and investors to become involved in financial markets. While spread betting is similar around the world and across assets, numerous spread betting companies offer trading services. All offer slightly different trading packages and levels of service.

A spread bet price is quoted with two different prices: the bid (price you can sell at) and the ask (price you can buy at). The “spread” is simply the difference between the two prices. This is slightly different from the “market spread” which is the price paid if you were buying the underlying instrument directly from the market, rather than the spread betting contract. This is how spread betting companies like Accendo Markets take a fee for the trade.

An example: the price of share X is listed as 1000-1001. This means the bid is 1000 and the ask is 1001.  As an investor, you may want to take a short position at 1000 (i.e. profit if the price falls, and vice-versa), for £3 per point. If the price falls, then you close the bet and take a profit. Let’s assume that the price has fallen to 909-910. To close the position, you would buy at 910 and make a profit of £270 (1000-910 = 90; 90 x £3 = £270).  Conversely, if share x increases past 1000, then you will lose money. For instance, an increase to 1099 -1100, will result in a los of £300 (1000-1100 = 100; 100 x £3 = £300).  Spread betting companies like Accendo Markets provide a price to investors based on the underlying security’s market price. Spread betting companies include costs in the bid-ask spread, which is how they themselves make a profit.

Most spread betting companies offer stop-losses to investors. At Accendo Markets, we’ll provide you with automatic trailing and guaranteed stop-losses, invaluable risk management tools not offered by all spread betting companies.  A stop loss will automatically close the position if the market moves against you by a pre-specified amount. A limit order, or “take profit” order will close the bet when the market reaches a pre-specified level, as chosen by you.  There are many spread betting strategies, including momentum trading, the average directional index (ADX), scalping strategies and price action strategies. Unlike some spread betting companies, Accendo Markets will assist in finding the right trading strategy for you.

The advantages of spread betting are numerous, including:

  • Tax advantages for UK residents, including exemption from capital gains tax*
  • No stamp duty
  • No broker commissions (although spread betting companies make their money from the ‘spread’)
  • Able to go “short” or “long” and bet on whether your chosen market will increase or decrease in value
  • Wide variety of underlying instruments available to trade, including commodities, market indices, shares, interest rates, etc.
  • Can be traded at any time of the day because it is an OTC instrument. This of course depends on liquidity, and as the underlying instrument may be based in a market that is closed, the spread may vary.
  • While there are different timeframes available, the length of trade is determined by you as the position can be held for as long as necessary.
  • Able to choose desired stake size.
  • Able to trade on margin. This means you are only required to deposit a minimal amount to begin trading.
  • Many use spread betting to learn to day trade.

The market is highly regulated. In the UK, all spread bets and spread betting companies are regulated by Financial Conduct Authority (FCA).

Despite these advantages, there are also numerous risks associated with spread betting. Spread bets are leveraged products, and losses can exceed the initial deposit if the market moves the opposite way to that which you expected. However, risks can be managed by close monitoring, and through stop and limit orders. Understanding your chosen market is important in minimising your risks. Spread betting companies differ in how they help investors understand these risks. At Accendo Markets, we’ll provide you with education, training and a dedicated trader on call to assist you.

Spread betting companies, including Accendo Markets, offer both the opportunity for you to utilize the advantages associated with spread bets and mitigate associated risks. Through the spread betting demo and live platforms, Accendo Markets will give you access to companies in multiple markets, including the ASX and S&P 500, Nasdaq 100, S&P 500, and more. Various currencies, indices and commodities are also available through Accendo’s on-line trading platforms, including but not limited to: US crude, Natural Gas, Gas Oil, US Unleaded Gasoline, Aluminium, Copper, Tin, Zinc, Wheat, Cotton, and all major currencies.

What Can We Offer You?

Accendo Markets, unlike other spread betting companies, will give you access to a huge range of markets as well as comprehensive research and personal service. Part of this personalised service includes close monitoring and trade help, which may help you perfect your trading strategy and help keep you ahead of the markets with timely news flow.

Accendo Markets believes that many spread betting companies have lost the ability to work closely with clients, and to listen and adapt to what investors and traders need to succeed. Personalized services from Accendo include alerts, tutorials and research. Research includes trade ideas, analysis (with a technical focus), risk management, macro events and daily commentary, encompassing all asset types. All reports are created for you by our in-house market analysts. If you are looking for further information on a topic or something very specific about a company, our analysts and traders will be able to provide information at your request.

In addition to services offered, spread betting companies should be compared according to margin requirements, spreads available, minimum trade size, minimum account size, trading availability and access to a demo account.  Accendo Markets provides trial accounts in all of the instruments it offers, so that investors can make sure they understand and want to trade in these products. Web based platforms and mobile platforms also ensure optimum market access.

Regulation

In terms of regulation, spread betting companies in the UK are authorised and regulated by the FCA. Client’s money must be held in a separate bank account, ensuring it is kept separate from the firm’s money. Accendo Markets partners with the biggest clearing houses in the country, so you can trade with confidence.

*CFDs and spread betting are not subject to stamp duty, under current UK law. Profits from spread betting do not incur capital gains tax in the UK. Tax law can change.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
EXCELLENT

4.81 Average

156 Reviews

George

I have found Accendo staff very helpful,,and informed. I have traded with you for some years now and have no regrets. Keep up the good work!

Posted 3 years ago

Shaun D

since signing up for Accendo I have had two traders, Mark and Sam. I have found both of these to be very informative about how CFD's work and they have made it very easy for me. Since working with Sam (last four months) my trading knowledge has improved and I can make more informative decisions about which Company's to invest with. Keep up the good work Sam.

Posted 3 years ago

Anonymous

I am very happy with the service I get from Accendo Markets and in particular Amrit Panesar. He is very professional and pleasant to speak to and this counts for a lot.

Posted 3 years ago

Shreekant P

Its a good site for dealing stocks worldwide and having good staff.

Posted 3 years ago

Nick W

Krishan Appiah is one of the most dedicated / informative broker I have ever had.

Posted 3 years ago

Thomas I

Since I have been trading with Accendo Markets I have experienced much greater success than has been my experience with other trading companies mainly due to the help given by, what I consider to be my terminal with the trading floor, Mark, who has been most helpful in reminding me of the progress of my positions throughout the day and keeping me in touch with those positions so that I can more easily make successful trades when appropriate instead of missing out on opportunities through lack of attention. He draws my attention to the situations and enables me to make profitable trades. I am very happy with the situation at the moment and am enjoying the experience. Thomas Irving.

Posted 3 years ago

Kartik A

Accendo markets keep me connected with the market and its very well followed by Mr. Krishan Appiah ,which helps me to take certain decision on time.

Posted 3 years ago

Peter p

I have been trading with Accendo Markets and James Abbott my account manager for coming on 5 years now, James Abbott the senior trader of Accendo Markets provides me with up to minute information when I need it and find him very easy and professional to deal with. Whenever I need to trade or am not sure about anything James is always their to help with any queries I may have. The Accendo Platform I find very easy to use and navigate although it has been slightly changed over the years but definitely for the better. Personal when I do trade 90% of the time, I rather telephone call to place my trade dealings and if James is not there to take my call I find others at Accendo like Sam, Lee take my trades and are. All in all everyone at Accendo Markets are amazing to deal with and my relationship with Accendo is just as I like it. Peter Petrou

Posted 4 years ago

Mrs. J

"Our Trader, Aymen Azizi, has been nothing but attentive to our every need throughout our long relationship with him. No issue is too small, full explanations on all our questions."

Posted 4 years ago

Brian R

I have been with Accendo for a long time now, ten or twelve year's, probably more . As I told Sam (my trader) I thought that CFDs were better than sex . I stopped trading for a few years and only started back about a couple of months ago. But it is as if I had never been gone , so to speak. Sam has helped me every step of the way, at my age one forgets things. I have only praise for Accendo and as far as I am concerned the platform is the best . Now I am back trading at 71 years of age, I might even try sex again. Brian Robertson.

Posted 4 years ago

Jim W

I understand how to make a profit with CFDs. I am restricted by the range of companies I have knowledge of. Although, I am not sure that is a big problem. Tom Robertson is a very fine man.

Posted 4 years ago

Rebekah S

Well, I would not be trading without the help of my trader, Sam Alnakkash. He provided a really great overview of Accendo Markets, an insight into trading in general and how to get started in trading online. His advice, support and training has been fantastic all along the way, enabling me to start trading earlier than I would have done had I not had the support. He has also been very adept at understanding me as a client in order to help me achieve my trading goals. I still have a lot to learn and hope I will get there.

Posted 4 years ago

Nick z

I like the updates on shares I trade. Updates from Bloomberg and Reuters plus industry updates and breaking news. I've had Matt Grice and James Abbott and found both to be excellent. I would like to continue a personal service with James. He understands how and which stocks I trade.

Posted 4 years ago

Steve O

Excellent, knowledgable broker interaction and communication, coupled with very good research and analysis.

Posted 4 years ago

William P

Being new to direct trading I needed help and was given all the time and advice that I needed to feel fully able to make decisions on what I wanted to invest in. I asked for and got exactly the type of info I required provided by Tom Cook, who I would recommend to anyone looking for help.

Posted 4 years ago

Mr. W

I have been dealing with accendo for the past 8 years my broker Amrit I find him very helpful when he is there lol and had many offers to change but will not do it Bill Roberts

Posted 4 years ago

Zoran N

Very good all round service! Timely market information. (charts + trends coverage ) On the ball accounts managers ,quickly available and alert . Part of my success owed to my personal manager Mr Sam Springet , than you.

Posted 4 years ago

Mr Brian C

Easy to deal with.....

Posted 4 years ago

Muhammed S

Accendo markets are great for trading cfds and their research is second to none! Aymen manages my account is extremely helpful and always keeps me updated on market info. Thanks again

Posted 4 years ago

Mr Buta B

Always available, whenever I call I get straight through to someone that can and will help. The staff are very knowledgeable, helpful and easy to talk to.

Posted 4 years ago

Stephen B

Aymen Azizi keeps an eye on what is happening in the market and informs me with timely relevancy, email call, and txt.

Posted 4 years ago

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