Best Spread Betting Platforms In The UK
Pepperstone is the best spread betting platform in the UK for 2026 with a score of 98/100, and the only one of the 14 FCA-regulated brokers we compare that priced under the industry average on all nine forex pairs we track. Spreadex (96/100) and OANDA (91/100) rank second and third. Every broker below is ranked strictly by score, with spreads from our 1 Aug 2026 data.
Spread betting is leveraged, and between 61% and 76.6% of retail investor accounts lose money across the 14 brokers we compare. What that figure does and does not mean.
Written by Justin Grossbard. Edited by Noam Korbl. Updated .
What changed
Rebuilt on 6 Sep 2026. The ranked list and comparison table were merged into a single table with the same filters and sorting. Each row expands to show the broker’s FCA entity, the share of retail accounts losing money, guaranteed-stop status and its score across our six criteria. The number one pick card and Top Picks cards were removed; the top pick is now the highlighted first row with a reason sentence. No figure changed. Earlier: Updated 6 Sep 2026. A sentence about the tightest nine-pair average used to say it was the tightest of the thirteen that publish one. No broker publishes a nine-pair average; we compute it from each account’s harvest row, and the sentence now says the tightest of the accounts in our harvest. Also on 5 Sep 2026: AvaTrade, Admirals and Markets.com left the harvest because a UK reader cannot open a spread betting account with any of them. The industry average across the nine pairs moved from 1.74 to 1.7 points, the USD/SGD industry row from 3.6 to 3.2 points, and the cost board now covers thirteen accounts where it covered sixteen. No broker’s own spread figure, score or rank changed. Earlier: Rebuilt on 3 Sep 2026 onto the site’s new design: a navy band carries the answer with the number one pick beside it, a row of jump chips replaces the sticky contents bar, and the section that restated the opening paragraph is gone. No figure changed. Earlier: slimmed on 2 Sep 2026. The fourteen per-broker sections, which restated each broker’s own review, are fourteen information cards with every figure rendered from our data. The ranked table gained a median-fill column, its sort and filter controls are now built by the page’s script rather than shipped switched off, and the ranking video sits directly after it. The cost, how-to-choose and markets sections are a board, a list and a list; the leverage, risk and pros-and-cons sections are one link each to the page that owns the answer; the FAQ is six entries; the software and loss tables are gone because every ranked row shows its platforms and every card its loss percentage. No score, rank, spread or loss figure changed. Earlier: 30 Aug 2026, support, account-opening and withdrawal tests added, and timed execution across 210 live orders placed between 18 and 27 August 2026, which put OANDA first at 88ms; 26 Aug 2026, every average spread corrected to cover all nine pairs. Spreads come from our 1 Aug 2026 data.
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