Broker of the month: ETX Capital, read our expert and client reviews here
If you are a big spread betting trader (and by that we mean £20k upwards) you need a brokers that is going to give you a bit more than just market access.
Our spread betting comparison tables compare all the spread betting accounts in the UK, and a quick glance will show that they are all pretty much the same. But, if you are an experienced trader with big pockets and want to trade in a tax efficient way there are brokers out there that go the extra mile to ensure that the more sophisticated traders get an edge.
If you are a big spread betting customer and want a broker that gives you more we’ve summarised some of the best accounts for larger traders.
Best brokers for HNW large spread betting accounts
Investors Intelligence Spread Betting – these guys have been providing long/short equity, FX, commodity, index and fixed income research, trading ideas, model portfolios, data and signals since the 1950. They launched their spread betting accounts in 2014 in partnership with LCG and are billed as “Premium Spread Betting“.
The “premium” refers to the added value they provide. Active accounts get access to their entire suite of research, data and signals including the industry revered Advisors Sentiment Indicator. The research is derived from their institutional offers where they advise fund managers with over $100m under management so you can be sure you’ll be getting a quality product. The methodology has not changed in over 50 years so if you are experienced enough to understand it’s implementation it can be of great benefit.
ETX Capital is one of the most well established spread betting brokers. They launched in 2002 and also come from an institutional pedigree. They began providing institutional and high net worth clients and have gradually become more private client focused. The platforms are simple and robust and have some of the tightest spreads in the industry.
IG – of course being the oldest and biggest spread betting firm are a clear choice for HNW clients. They have a huge balance sheet and are also listed on the LSE, so it should be very clear if the firm is having difficulties.
The importance of diversification for larger traders
No matter what size your account balance you should be a responsible trader and diversify. This doesn’t just apply to your portoflio, but also to your financial service providers.
History has shown us that spread betting brokers can go bust in the blink of an eye. It is sensible to spread your business around a few of the top spread betting brokers so that if there are rumbles or rumors you can close and re open your positions at another broker quickly. As most accounts are opened online it can take as little as 20 minutes or as much as two days to get a new accounts ready. Make sure you trade for the best, but are prepared for the worst and have secondary accounts that you are familiar with on stand by in case you need to make a switch.
Featured Spread Betting Brokers
|IG||ETX Capital||City Index|
|Best for experienced traders with large range of markets and tight spreads and cryptocurrencies||Best for traders with large accounts. A solid all rounder with institutional pedigree.||Best for traders with large accounts. A solid all rounder with institutional pedigree.|
| Visit IG
Read Expert & 3+ Client IG Reviews
| Visit ETX Capital
Read Expert & 30+ In Depth Client ETX Capital Reviews
| Visit City Index
Read Expert & Client City Index Reviews