Spread Betting Markets

Spread betting markets in the UK cover stock indices, currency pairs, individual shares and commodities, and some providers also list government bonds, interest rates, ETFs or options. Every one of them can be bet long or short: you buy when you expect the price to rise and sell when you expect it to fall. Each class of market has its own FCA retail leverage cap, shown on the cards below. Nine of the 14 brokers we rank publish a total count of markets in a form we can quote, read on 25 Aug 2026, spanning over 100 to 21,000 markets. These are the providers’ own published totals, not our counts; they are not all scoped alike, so we do not rank them.

CONTENTS
Justin Grossbard, co-founder of Spread Bet UK

Written by Justin Grossbard

Updated:

What Changed?

Updated on 19 Sep 2026: the page is now a directory, with new FTSE 100, gold and options cards beside the class cards. Removed the "five classes" claim, the gold-spread and demo-account counts (both undercounted the brokers publishing one) and the "small number of providers" options line. Removed the "whole cost" statement and the claim no provider publishes a quotable index or share spread. Gold spreads stay on the gold and commodities pages. Repeated definitions were cut; the cards and guide state them. No figure was added. Earlier: Corrected on 19 Sep 2026: the currencies line now names how many brokers stand behind the nine-pair spread average. No figure changed. Earlier: Updated on 5 Sep 2026: the opening now states that spreads are quoted in points and every market can be bet long or short. We added the number of ranked brokers that publish a market count and the range, named the stop-loss order in the costs paragraph, and added a demo-account sentence and a qualified tax sentence. No figure changed. Earlier: Updated on 2 Sep 2026: the opening now names the five classes, the crypto exclusion and the FCA leverage limit for each class, and the five categories are five cards, each with one sentence, its page under that page’s own title, and a rendered figure where we hold one (the nine-pair currency average and the gold spread count). The bonds section folded into its card; the FTSE 100 and UK share price lines came off the hub and stay on the index and share pages. No figure changed. Earlier: rebuilt on 26 Aug 2026 as the markets hub. Each category now carries a dated price taken from published pricing rather than a paragraph with no figure in it, our bonds page has been folded in at the Bonds section, and the FAQ has gone because every question in it belonged to another page.

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What Can You Spread Bet On In The UK?

Indices

Indices spread betting covers markets such as the FTSE 100, DAX and S&P 500, with an FCA leverage limit of 20:1 (5% margin) on major indices.

FTSE 100

FTSE 100 spread betting is a bet on the price of the index of the 100 most highly capitalised blue chip companies listed on London Stock Exchange. Some providers list the index as "UK 100".

Currencies

Currency pair spread betting covers major pairs such as EUR/USD and GBP/USD, with an FCA leverage limit of 30:1 (3.33% margin).

In our September 2026 read, the nine-pair average, drawn from the five brokers that publish a comparable figure, was 1.79 points.

Shares

Individual share spread betting covers UK and US listed shares, with an FCA leverage limit of 5:1 (20% margin).

Commodities

Commodities spread betting covers energy, metals and agricultural markets, with gold at 20:1 (5% margin) and other commodities at 10:1 (10% margin).

Gold

Gold spread betting is a bet on the price of gold per troy ounce, and gold sits in a different FCA retail margin tier from other commodities.

Options

Options spread betting is a bet on the price of an option rather than on the underlying market itself, and our options page explains how that works.

Bonds And Interest Rates

Bond and interest rate spread betting covers government bonds and interest rate futures.

Cryptocurrency

Cryptocurrency spread bets are not available to UK retail clients. The FCA banned the sale, marketing and distribution of crypto derivatives to retail consumers from 6 January 2021 (PS20/10). The ban covers spread bets referencing unregulated transferable cryptoassets such as Bitcoin and Ether. In October 2025 the FCA lifted its ban on certain crypto exchange traded notes only, and the derivatives ban remains in force.

What A Market Costs Before It Moves

Before the market moves, a new position costs you the spread. The spread is the gap between the buy price and the sell price, and that gap multiplied by your stake per point is your opening cost. Our guide explains how spread betting works, including how that opening cost is built.

A position held overnight carries a funding charge. A guaranteed stop-loss carries a premium where the provider offers one, and providers charge that premium in different ways. The spread betting cost comparison sets out what each ranked broker charges.

The calculator below prices an index bet in the same shape: enter the level from your platform’s deal ticket, your stake per point and your provider’s spread.

Spread betting calculator

Cost, profit or loss, and margin on one bet

Direction

On UK 100 one point is a 1 move, so £2 per point is £2 per pip. is points.

UK 100 is quoted in index points: one point is a 1.0 move of the level, and the bet is priced per index point.

Opening level from the Thu 17 Sept 2026 5pm New York close Opening level: your own figure, from your platform's deal ticket Spread: Pepperstone published, 18 Sept 2026 Spread: your own figure

A buy at £2 per point that closes 80 points higher makes £ before the spread. Pepperstone's published -point spread costs £ on this bet, leaving £. The margin held to open it is £.

Enter the level from your platform's deal ticket and your provider's spread in points; the ledger then prices the bet.

Profit or loss on the move80 points × £2.00 per point£
Cost of the spread point × £2.00 per point, paid on entry− £
Net result£
Margin to open points × £2.00 = £ notional, at the FCA 20:1 major-index cap£

Spread betting profits are free of Capital Gains Tax and stamp duty for most UK residents; see the tax treatment of spread bets. Overnight funding is not included; see overnight funding in spread betting. Spreads are the brokers' own published figures, read on 18 Sept 2026, or your own figure where you type one; neither is a quote at the moment you deal. Margin uses the FCA COBS 22.5 retail leverage cap for the market class.

Where These Figures Come From

The currency figures are our monthly read: the spread each broker publishes on its own pricing page for spread betting, where it publishes one, read on 18 Sep 2026 and republished in full on our statistics page. This page is information rather than financial or tax advice.

About the author:

Justin Grossbard

With a background in trading and investing that spans over 20 years, Justin co-founded Spread-Bet.co.uk. He has a Masters in Business and has contributed to leading finance sites including Forbes, Kiplinger to Finance Magnates.

Ask an Expert

4 Responses
Ethan Janovik
Ethan Janovik
1 year ago

What markets are available for spread betting?

Noam Korbl, co-founder of Spread Bet UK
Spread Bet Expert
Noam Korbl
1 year ago

Spread betting offers access to forex, commodities, indices and shares, plus bonds and interest rates. Cryptocurrency is the exception: the FCA has banned crypto derivatives for UK retail clients since 6 January 2021.

Simon Williams
Simon Williams
1 year ago

Can I spread bet on forex markets?

Noam Korbl, co-founder of Spread Bet UK
Spread Bet Expert
Noam Korbl
1 year ago

Yes, you can. Forex is one of the most popular markets for spread betting, allowing traders to speculate on currency pairs.

Risk Warning: Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread betting and CFDs work and whether you can afford to take the high risk of losing your money.
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