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Bet Broker Category Two VideoWhat's the best broker? CFD, FX or Spread bet
These bookmakers many times offer far greater limits that the regular bookmakers that you use outside the bet broker service.
With a bet broker account, you will access multiple bookmakers at the same time. They will do all the heavy lifting for you!
A bet broker will provide you with accounts in various bookmakers. They act as the middleman between you and the bookmakers where you play in the bookmakers accounts, but the transactions are done through the bet broker.
Bet brokers earn commission from bringing traffic to the bookmakers. But many sports bettors feel like the cost associated with using a bet broker are fully worth it considering the many possibilities a bet broker service will bring you.
Some are charging fees for placing bets, while others apply other forms of charges. Bear in mind that there are also transaction costs associated with withdrawals and bank transfers to and from the broker just like it is using a regular bookmaker.
Below is a list of the most reputable and well-known bet broker services in the betting industry. With a BetInAsia BLACK account, you get instant access to the best odds and highest limits with the major Asian bookmakers — while only having to keep track of one account.
We review the best spread betting brokers and look at the top accounts. Our expert reviews are a detailed assessment based on first-hand experiences with each of the major spread betting companies.
We also consolidate user reviews so you can read real-life trader experiences and get an idea of the best features that each broker offers.
You can also share your opinion on the best brokers by voting in our broker awards. Make sure your broker offers tight spreads.
The spreads and how tight they are is an important part of trading through a spread betting broker as spreads impact how quickly you can make money.
However, there are other important considerations into account as well. For example; A broker may try to win your business by marketing ultra-tight spreads on a couple of the main products, but then increase spreads on the more exotic asset classes.
You also need to make sure that when you pick a broker which offers consistently tight spreads and not just during normal trading hours. Securing tight spreads when you want to trade is more important to your profits than choosing a broker that offers the cheapest spreads.
Spreads can also vary on the asset class. In some circumstances, it may be best to go with a broker that has consistently tight spreads throughout its entire asset class range rather than just on a few key products.
Choosing a broker that works best for your strategy, your budget, your ambitions and your preferences will be much more beneficial than arbitrarily choosing the tightest spreads.
Although they aren't the only consideration to factor in when choosing a spread betting br0ker, tight spreads are certainly an important aspect, which should not be overlooked.
When comparing how tight spreads are among spread betting companies you must also look at the overall offering as being taken in by the initial spread may have a detrimental effect on your trading if you are trading exotic products.
The simple answer to this is yes, of course, you can. Spread betting provides access to an unprecedented range of markets. The simple fact of the matter is that markets do one of two things.
They either go up, or go down. It is the rate at which they do so and whether you pick the right direction that determines if you make money.
Spread betting is not like placing a normal bet where your losses are capped at the initial stake. You are betting a certain amount per point move of an asset.
Making money from spread betting isn't something that just happens, you will need to a plan and to stick to a strategy to stand the best chance of making money from spread betting.
In fact, many spread betting and CFD traders lose money. One of the most important factors in spread betting is choosing a broker you are comfortable and happy with.
A good broker can offer much more than just the ability to make trades but also advice, educational tools, strategies and market insights.
There are many factors involved in choosing the right broker, including; liquidity, financial stability, range of markets, spread width and educational and research tools.
Before opening an account, always do some background research into the company as there have been a few examples of spread betting companies going bankrupt and traders having problems getting their funds back.
An easy way to keep an eye on a companies financials is to go with brokers that are traded themselves on the London Stock Exchange.
Being a public company means that you have to submit financial reports regularly. The share price and market cap are also good indicators of whether or not a company is heading for trouble.
If a broker is not listed on the stock exchange you can have a look at their accounts on companies house or websites like duedil.
All of the brokers in our comparison are fully regulated and eligible for FSCS deposit protection. MT4 is one of the best ways to trade FX online, and many spread betting brokers now offer MT4 as a platform.
If you are interested in spread betting on MT4 you can review the best MT4 spread betting accounts here.
Compare MT4 Brokers. The FX market is the most traded asset class in the world and one of the most popular asset classes with spread betting brokers.
The major pairs offer great liquidity, tight pricing and good intra-day trading ranges. Because of this brokers can offer low margin rates, meaning high leverage.
So Spread betting on FX is one of the best ways to trade foreign exchange. You can compare the best Forex brokers here. Spread betting on Forex is all about tight prices, speed and market timing.
It is one of the most actively traded markets in the world. Positions are generally turned over much faster than any other asset class and traders aim to take quick profits.
Finding a spread betting broker with really tight FX spreads can make a big difference to your profit and loss at the end of the trading day.
Compare all spread betting FX accounts. Punters have been trying to beat the man for centuries and spread betting is no different.
There are countless cases of punters finding loopholes in the dealing systems of various stock and spread betting brokers and quite innocently trading to take advantage of them.
After all arbitrage between markets is a legitimate trading strategy. However, the brokers will always win when it comes down to it.
Spread betting brokers in the UK are regulated by the FCA and the FCA register provides a database of the company status, the management and also their regulated employment history.
By searching the register you can quite easily find out what experience and pedigree your broker has. Never, trade with a company that is not regulated by the FCA.
Most brokers display their regulatory status in the footer of the website at the bottom. Our spread betting company comparison tables only include spread betting brokers that are regulated.
Spread betting brokers are regulated by the FCA and are not allowed to offer welcome bonuses anymore. If a broker does offer you a cash bonus for signing up it may be a scam.
If you think that an unauthorised broker is trying to scam you, you can report them to the FCA. Due to regulation spread betting brokers can be quite similar these days, especially in terms of their pricing and the ultimate service they offer.
However, one thing to look out for if you are after value other than tight spreads is what else you get as part of the account package.
Some spread betting accounts provide access to third-party research and analysis services. Others provide direct market access and some are stripped to the bone and offer nothing other than access to the platform.
If you are happy to have various screens open then this may appeal, but a comparison table like ours will give you a good indication of what additional services spread betting accounts will give you.
If you are looking for a new broker that offers little more than your current one then here is how to choose a broker that can give you more. Undoubtedly and advantage for your trading strategy can come in the form of sentiment, data, news or analysis.
Some spread betting companies focus on tight spreads on a few key markets. Others focus on providing a good value overall service.
When opening a new account, have in mind what asset classes and individual instruments you want to trade. Here is the best way to spread bet on the AIM market.
You may need to consider separate accounts if you have a favourite broker for one market but want to trade on a market which they don't offer.
However remember that all brokers will offer the major index, commodities and FX pairs though. Use our reviews to find out more about brokers you are considering.
We combine expert opinion with user reviews to help you find the right broker for you. Remember the spread betting company that is best for you may not be the same as someone else's so consider that and make your own decision based on what you need most and as always do your research before committing.
If you are new then start small, you can lose more than your initial deposit so get lots of experience before trading up. Our tips and strategies explaining how to spread bet can help you effectively navigate the world of spread betting.
The financial markets are difficult to profit from and spread betting is a high-risk leveraged way of speculating that can result in significant wins and losses.
Make sure you fully understand the risks involved by familiarising yourself with how it works. You will need to choose a broker that offers the service, markets and account support and educational material that complement your trading strategy.
There are some key principles that all spread betting traders should adhere to if they want to make money. If not you may find that paying a bit more attention to your strategy, discipline and objectives will make a big difference.
Having the ability to close your trades, open new positions or check market movements on the go can be very important.
So choosing a broker you that offers a mobile app that gives you this ability makes sense. Most brokers still offer dealing support by phone, but with high-risk bets on you need to be connected all the time.
Spread betting is dominated by several firms, but as there are relatively few barriers to entering the market. New firms enter the market all the time.
Here is a summary of the most popular major spread betting brokers in the UK. What are the benefits of a Bet Broker and Who should use it? The looks like; Click to Enlarge.
It covers 11 bookies in 1 account. The interface looks like; Click To Enlarge. But the majority of users chose Vodds Betting Platform.
Skype Betting — They offer you Skype as Asianconnect do. Vodds Account — Many bet broker use Mollybet platform for an integrated account though EastBridge uses Vodds that covers 6 bookies in 1 account they said cover occasionally some smaller books as and when they surface.
It is considered to be the fastest betting software for live odds and bets. Vodds Trading Platform looks like;. Dear Yana, You are obliged to take proper KYC process irrespective of the payment method, especially you manage gambling business which requires strict age limitation in all countries.
Unlike other bet brokers Sportmarket never lay any part of the bets, we only act as an intermediate between the players and the bookmakers.
Our income comes from a small commission that we receive from the bookmakers regardless if a player wins or loses. If the customer wins, bookmaker pays their share x odds, and agent pays his share x odds.
If there is no position-taking, all EUR 2, will go to the bookmaker and there is no any kind of financial risk from the broker end.
On top of the information I share in this report, do your own research until you feel comfortable. You will be frequently requested to use an e-Wallet to make your deposits and withdrawals.
These services charge low fees, they are discreet but registration is rather long process because proof of identity and place of residence is required.
E-wallets have become the standard for players of money games online. The majority of them allow the use an inexpensive MasterCard linked to the account.
Do you want to try out a bookmaker with odds as good as Pinnacle and who accepts all players from all countries by direct registration?
If you do, then that bookmaker is 1XBET. You are welcome to sign up at Easysportbet! Commissions We offer the lowest commissions of the market, giving you the best chance to become a winning player.
Payments Quick and secure deposits and withdrawals with the most reputable payment processors.
Odds and limits Bet without limits and get the best odds available on the market offplay and inplay. Transfer Quick and easy transfer of your funds from one platform to another, or to other users.
Agent management Manage your client portfolio on 3ET, and earn commissions on the betting activity of your players.