|Spread Betting Platforms||MT4|
|Spread Betting Markets||200+|
|Spread on EUR/USD||1.8 pips|
|Banking Methods||Credit Card, Wire Transfer|
|Demo Account||21 days with £100,000 virtual cash|
|Regulated||Central Bank of Ireland, Australian Securities and Investments Commission, British Virgin Islands Financial Services Commission, Financial Services Agency (Japan), Financial Services Board (South Africa)|
|Customer Support||Email, Phone, Live Chat|
- More than 200 markets
- 0.10 minimum trade size
- Fully regulated in UK and Ireland (MiFiD)
- Personal account manager
- Demo account only active for 3 weeks
- Spread betting only available on 1 platform
AvaTrade is a forex and CFD service provider that was founded in 2006. Headquartered in Ireland, they have expanded their trading services by also offering spread betting. For UK traders, spread betting is tax-free which means that your profits are exempt from Capital Gains Tax and Stamp Duty.
Spread Betting Platforms [19/20]
Currently, the only platform that has spread betting is the MetaTrader 4 (MT4 – Spread Betting) which is integrated with technical and fundamental analysis tools and live price charts. It has customizable features, one-click market order executions, a range of technical indicators and analytical tools which you can utilize for identifying price movements. There’s also the algorithmic trading Guardian Angel tool which will send you personalized feedback on how your trades are performing.
Market Coverage [12/15]
With this brokerage, you can spread bet on more than 200 financial instruments. That’s a lot of markets for you to explore if you’re planning to diversify and expand your trading portfolio. This includes a variety of currency pairs, indices, equities and bonds.
Minimum Deposit [8/10]
When you register, you can deposit a minimum of £100 on your account. While this might not be the lowest in the market, it’s definitely not the highest as well and since they have a variety of markets to spread bet on.
Spread Betting Advantages [19/20]
You will be able to enjoy floating spreads for as low as 0.9 pips on a wide selection of financial instruments. You can place a minimum bet size of 0.10 on forex and 0.01 on commodities, individual equities and stock indices. And if you’re totally new to what spread betting is all about then you can refer to their education center which has a wealth of learning materials. You can even do test trades with the free demo account which still has a real-time market environment.
Customer Support [15/15]
In terms of customer service, they assign personal account managers for every client so there’s a dedicated person that will handle your account whom you can talk to whenever you need assistance. There’s a dedicated phone for UK-based clients, email and live chat support as well. You may also refer to their FAQ page to get the answers to the most commonly asked questions.
Aside from being a major player in the online financial field for more than 10 years, they are fully regulated by the Central Bank of Ireland (CBI) compliant with the Markets in Financial Instruments Directive (MiFID), the Australian Securities & Investments Commission (ASIC), the British Virgin Islands Financial Services Commission (BVISFC), Japan’s Financial Services Agency (FSA) and South Africa’s Financial Services Board (FSB) so you are assured that you’re with a trusted broker. In fact, they have carved a reputation as one of the best brokerages in the market today not only for forex and CFD trading but spread betting as well as proven by their 200,000 registered traders.
With AvaTrade, you can spread bet on wide range of markets, a feat that is yet to be surpassed by other brokerages. They also have advanced platforms which will let you customize your spread bets giving you more control over your trades and lock in on your profits more efficiently. The availability of a reliable support is also very impressive which makes them an ideal broker of choice for spread betting.
Total Score: 90/100