Drawing on our trading expertise, the team opened up spread betting accounts and compared 2025 spread data, platform information, range of markets and Trustpilot reviews to evaluate each of the FCA regulated companies.
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Our top 3 spread bet providers in 2025 were Pepperstone, SpreadEx and ThinkMarkets. Pepperstone had the lowest fees (ThinkMarkets was second best) while SpreadEx had the best proprietary trading App. The full comparison and provider rankings can be viewed on the best spread betting platform UK page.
We compared the average spreads of the most traded currency pairs to determine the lowest spread brokers. As mentioned earlier, Pepperstone had the lowest spreads but honourable mentions should be given to Capital.com which had competitive fees including on commodities and indices trading.
When it came to spread bet demo accounts it was hard to go past IG. They offer on their own propriety platform a demo environment with full functionality and no expiry. This means you can trade with virtual money as long as you want to simulate how your trading strategies would perform in real market conditions.
The Best App For Spread Betting belongs to SpreadEx as mentioned in the top category but honourable mentioned go to CMC Markets and FxPro. All three Spread Bet Apps work on both Android and iOS devices and offered similar functionality and charting as their desktop counterparts.
Pepperstone was awarded the best broker in 2025 for spread betting based on their:
The broker is one of the forex brokers worldwide and since disrupting the spread betting market has rapidly gained market share. We compared all the brokers based on their execution speeds and found Pepperstone had the fastest-spread bet platform.
Final verdict: Pepperstone received the highest score of 98/100 with perfect scores for trading costs (spreads), platform performance and customer support. While the broker is relatively new to Spread Betting they have a worldwide footprint and can be trusted. The only slight markdown was that the broker didn’t offer some exotic markets and instruments.
73.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
There are 6 criteria UK traders should consider when selecting a broker offering spread betting.
Selecting a spread betting broker comes down to understanding your own needs. Consider fees, platform usability, and customer support as top priorities. Stick with trusted, FCA-regulated brokers for a safe and transparent experience.
Note: Trading 212, ETX Capital, OvalX, Markets.com and Admirals used to offer spread betting but now specialise in CFD and share trading products.
Ask an Expert
Which brokers have the best spreads for forex spread betting?
IG and CMC Markets usually have the best spreads for forex, but it’s always good to compare.
How do I know if a broker is FCA-regulated?
The obvious to find out if a broker is regulated is to go to the Financial Conduct Authority website and do a company search. That said, I find the website hard to navigate around so an easier way it to Google FCA + Broker. Often within the search results you will see if the broker has or has not got a current license.
Do brokers charge extra for using certain tools like charts or analysis?
Spread Bet providers don’t charge traders for the platform they choose. There may be add-on features to that platform which again, the broker normally offers at no charge but there can be additional elements that have costs involved.