The UK has seen huge growth in the past few years of spread betting companies joining the market as demand for this service has really taken off. Spread betting in the UK was first offered in the 1970′s when Stuart Wheeler the founder of IGIndex offered people the opportunity to spread bet on gold and therefore didnt need to buy the gold bullion itself.
What should you expect for a spread betting company?
Ultimately most of the companies in the industry today provide a similar set of services and products. You should expect as a minimum the following:
Web based dealing service
Telephone based dealing service
Mobile based deal service
Training and Support both online and via telephone
Requirements for margin
Risk Management facilities
Personal service, ability to talk to someone at all times of you have any questions
Spread betting companies to look out for
Currently there are about 20 spread betting companies in the market, so it is not difficult to find out information on all of the companies.
IGIndex the first of all spread bet companies and has a long standing reputation
CityIndex is one of the first companies established in the 80′s
Spreadex offer both sports and financial spread betting
Cantor Index boasts the tightest spreads on the market, but check for yourself
Finspreads is a simple service that nis pushing their mobile dealing service
Capital Spreads was launched in 2003 and has grown significantly since its inception
GFT who only entered the market a few years ago have made significant inroads into the other large companies.
Some of the large brands in both the banking and gambling world have started getting in on the action and offering accounts with them, soi the market is opening up.
Note about Spread bet firms
Remember to read reviews about spread betting companies to help you decide which company would be right for you to learn spread betting.