Forex Spread Betting Guide

Forex


Live Forex Spread Betting Chart and Prices



Where Can I Spread Bet on Forex

All FCA regulated spread betting companies offer live charts and prices on the main forex markets.

See the table below for a FX comparison.


Forex Spread Betting Comparison

Company Forex Min
Stake
EUR/USD
Spread
GBP/USD
Spread
EUR/GBP
Spread
USD/JPY
Spread
AUD/USD
Spread
Apply
Financial Spreads Review £0.50 0.7 0.9 0.8 0.8 0.8 Apply
City Index Review £0 Variable Variable Variable Variable Variable Apply
ETX Capital Review £0.50 0.88†† 1.19†† 1.32†† 1.38†† 1.14†† Apply
IG Review £1-5 Variable Variable Variable Variable Variable Apply
InterTrader Review £1 Variable Variable Variable Variable Variable Apply


The Problem with Forex Spread Comparisons
As you can see, the issue with forex pricing is the number of firms that only offer ‘variable’ spreads.

Financial Spreads has fixed spreads so you always know what the spread will be when you trade via their app or website.

If a firm only has variable spreads they are rarely better than the fixed spreads.

Below, ETX Capital has been brave enough to tell us what their average fixed spread was for January 2017. Therefore we’re happy to print them.

If a firm offers “variable spreads from 0.8″ we find that the prices are rarely 0.8.

There is a bit of a price war in spread betting and so it’s not surprising to see a lot of spread betting companies offer variable spreads, it means the pricing is less clear and places like Spread Bet Magazine can’t easily compare the spreads.

A side note, if you:
  • arrow_forwardTrade regularly then tight spreads are important as they can help to reduce your trading costs.
  • arrow_forwardDon’t trade that often then spread widths are less important. E.g. the difference between the pricing offered by Financial Spreads and ETX Capital will probably be negligible compared to your P&L.


24 Hour Forex Spread Betting

Note that most firms offer round-the-clock forex markets from around 11pm Sunday to 9pm on Friday.

Also see 24 hour spread betting.


Video: How to Think About Forex Technical Analysis

Below a useful 5 minute video covering GBP/USD, EUR/USD and USD/JPY.

IG analyst, Chris Beauchamp, looks at the state of play of these popular FX markets as of 28 March 2017.

Having said that, don’t worry if the video is seemingly out-of-date. It also serves as a useful guide for how to think about the forex markets from a technical analysis standpoint.