Choosing a spread betting broker is not just about price, it’s all about legitimacy and trust. The best brokers are FCA regulated and offer a safe environment for your investments to be managed. They are also transparent about their charges, which is essential in the financial markets.

Range of Markets: The number and types of assets that are available to trade with a particular provider is crucial for most traders. It is likely that as a trader grows and develops they will want to branch out into new markets, so having an account with a provider that offers a broad array of asset classes is essential.

City Index are one of the most popular UK spread betting brokers and offer competitive pricing on a wide range of markets including smaller cap stocks. They also offer added value tools like performance analytics to help traders stick to their trading plan. Find out theinvestorscentre.co.uk

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Most spread betting brokers will use hedging to mitigate risk and to increase profits without passing these costs on to traders. They will hedge by buying and selling in the underlying market. IG for example have the most comprehensive hedging offering of any spread betting broker, covering over 17,000 markets.

Deposit and withdrawal fees must always be taken into account when comparing spread betting providers. Keeping trading-related financial transactions separate to day-to-day banking operations can also help at tax time. Traders should also avoid any brokers that levy internal withdrawal fees.