COMPARE THE BEST SPORTS TRADING BROKERS

Updated: 22 April 2020
1st

Spreadex

Trader Rating
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Strengths
  • Spreadex has been around for a long time
  • It is known as a reliable company
  • Both iOS and Android apps are available
  • A large number of markets are on offer
Weaknesses
  • No welcome bonus on offer
  • No e-wallets available for deposits and withdrawals at the moment
Note: 76.4% of Forex retail accounts lose money
2nd

Smarkets

Trader Rating
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Strengths
  • Strong app and clean, concise website functionalities
  • UKGC and MGA licensed and regulated
  • Different payment methods, including Neteller and Skrill
Weaknesses
Note: 76.4% of Forex retail accounts lose money
3rd

Football Index

Trader Rating
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Strengths
  • Unique ‘trading’ platform
  • Easy-to-use website for beginners
  • Free apps, which add to the experience
  • Opportunity to maximise your football knowledge
Weaknesses
  • Insufficient number of payment methods
  • In need of more advanced technical analysis tools
Note: 76.4% of Forex retail accounts lose money
4th

Betfair

Trader Rating
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Strengths
  • A perfect blend of traditional betting and online trading
  • With one of the biggest user-bases of any betting website, the live betting exchange market is highly liquid
  • Excellent customer service with low wait times
  • One of the most highly trusted websites around
Weaknesses
  • The layout of the website is slightly cluttered
  • Welcome bonuses and promotional offers could improve
  • More transparency and educational content required
Note: 76.4% of Forex retail accounts lose money
5th

Sporting Index

Trader Rating
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Strengths
  • Sporting Index is the oldest spread betting company in the UK
  • It is regulated by the FCA, which makes it reliable
  • Its app is on both Google Play and the Apple App Store
  • It offers a very comprehensive list of markets
Weaknesses
  • Its sports choice does not match up to its market choice
  • It does not offer the ability to live stream events
Note: 76.4% of Forex retail accounts lose money

WHAT ARE THE KEY CRITERIA TRADERS USE WHEN EVALUATING SPORTS TRADING BROKERS

Gambling on the outcome of sporting events is a popular pastime, and numerous sports trading brokers that enable the transactions are competing for custom. The service they provide is a sophisticated way of betting on the result of sports fixtures that allows gamblers to sell a position before an event finishes. It can be compared with investing in shares, the object being to buy low and sell high.

When selecting a sports trading broker, you should thoroughly conduct research and only consider professional looking websites. Before deciding which is the best sports betting broker for you, check out payment methods, fees, offers and support offered by the broker, as well as user reviews.