Due to its outstanding pricing and wide range of more than 12,000 tradeable instruments, CMC Markets enjoys the widespread trust and offers traders an excellent trading experience. With its in-house Next Generation trading platform, which CMC Markets developed, the company won Best in Class honors in ten categories for 2022. By betting on shareholdings, commodities, indices, and forex pairs, spread betting brokers enable traders to speculate on the financial markets. In addition, spread betting earnings are free from UK capital gains tax because trades are set up as bets. Here Traders Union presents you a review about CMC Markets and best spread betting broker.
Pros of CMC Markets
- CMC Markets provides customers with one of the broadest product selections in the forex trading brokerage industry. Customers can barter up to 10,000 instruments, as stated on the company’s website, which creates a wealth of new opportunities, particularly when working with longer-term portfolio managers.
- The Financial Conduct Authority, which is one of the main regulatory bodies in the UK and is well-known throughout the world for being strict in enforcing market practices that are fair both for individuals and businesses, regulates CMC Markets. Simply put, a company’s credibility is greatly increased if it is controlled by a respectable government-backed organization.
- Customer service is a priority for CMC Markets, and this includes live brokers available by phone 24 hours a day, seven days a week, as well as a chat service. This helped them rise in the rankings, along with their educational options. Anyone involved in the world of online trading needs to have easy access to a broker.
- CMC Markets deserves praise for its commitment to offering clients top-notch research. It is comparable to the best options available in online forex brokerage.
- The majority of online brokers now offer “negative balance protection,” which has grown to be a fairly significant feature. CMC Markets provides it. The SNB event of January 15, 2015, which shook the markets, especially the heavily leveraged retail FX market, was probably the catalyst. Furthermore, CMC provides guaranteed stop losses.
Best Spread Betting Brokers
Pepperstone
For experienced traders operating in the forex, CFD, and spread betting markets, Pepperstone is one of the top trading platforms. Experienced traders who are aware of interfaces and have concrete strategies are best suited for Pepperstone. For instance, you can trade with this well-known spread betting broker using cTrader, MT4, and MT5. These are all external trading systems that you can connect to your Pepperstone trading account. You can access the same comprehensive set of sophisticated trading tools, adaptable charts, and technical indicators on each of these platforms that professionals use in the industry. However, Pepperstone is consistent with thousands of tools from numerous asset classes, so far as the instruments you can trade. Regarding charges, the commissions for Pepperstone’s spread betting vary depending on the account type. Spread bet commissions are 0% on the standard account. Each fee is batch-included in the spread.
Com
When it comes to online trading, Capital.com is a bit of a jack of all trades, allowing you to access forex markets directly or a vast array of instruments via CFD or spread betting-based vehicles. This logically implies that you have access to thousands of markets across the majority of asset classes for spread betting. This platform makes a great broker for commodity spread betting. You’ll be exposed to a wide range of commodities, from oil to gold and gas. Since the platform has a 0% commission rate, the spread is the only trading commission you charge when executing an order as your broker. You can also leverage your spread bet, which means you can increase the size of each trade by using money other than what is in your account. Which is undoubtedly just as risky as it is lucrative.
IG
IG is a reputable brokerage company with many connections in the financial sector. This means that you can access a variety of instruments and vehicles, such as stocks and bonds, popular index funds, forex, CFDs, and spread betting, all through a single platform. With more than 17,000 tradable markets, spread betting offers enormous market exposure opportunities. There is a lot of variety within these markets, but IG offers the most direct exposure to shares, commodity markets, forex, and indexes.