It depends on what you want to trade and how much capital you have. This page offers a detailed review of the 2 brokers. How to Learn Spread Betting and Prosper. As for ease of use, IG's product is slightly more intuitive and the dealing platform is larger on your screen whereas FinSpreads software opens a new and independent window which cannot be resized.
And the winner is: If you want the best performance out of your spread betting platform make sure you're using the latest version of your browser software. Personally I use Firefox but Google's Chrome browser is also excellent.
As for Microsoft's dreadful Internet Explorer, I suggest you dump it. I use BT Business Broadband which is traditionally far more stable than their standard residential service and I probably lose my connection times a year at the most.
A draw, both platforms assuming your internet connection is good are rock solid which means both companies must have invested a lot in their infrastructure. This is always a good sign of a quality company. IG charts are excellent and again over the last 6 months they've never gone down on me. Use them to chart from 1 second to monthly bars plus add moving averages, trend lines and all the other common technical indicators.
However, the same can't be said for the charts that FinSpreads offer. A good word to describe them would be cranky.
It's not even a contest. IG Index wins by a long way. Be careful with other spread bet brokers that make a big song and dance about even tighter spreads or even no spreads.
There's no free lunch in the financial markets and these companies will probably try to get their money back using all sorts of subtle tricks. It's a draw unless you want to trade either smaller markets or strange ones such as Rough Rice.
In such a case go with IG Index because they have a larger range of markets. The clear winner for most traders, especially those just starting out is therefore Finspreads. Believe me 50p a point is more than enough to risk for many traders and whereas this sum might seem like a small trade tremendous profits can still be earned.
For example, I'm in email correspondence with somebody called Brian S. There are old traders and there are bold traders but there are very few old and bold traders Finspreads beats IG Index hands down for new traders because of the 50p minimum bet.
IG also offer the best range of Binary Bets. IG Index edges it especially for stocks, both UK and foreign. IG Index edges it but it's close. Tip for new traders - Don't be afraid to call your broker asking what you think might be a stupid question. Perhaps it is, but if it saves you from losing money was it really that stupid or was it smart? I vote smart every time. I go into far more detail about how to learn using 10p a point in this free guide - How to Learn to Spread Bet and Prosper.
Finspreads because of their 10p minimum bet for the first 2 months of trading. Excellent for learning the ropes. Folks, you must understand that one of the secrets to trading is learning from your mistakes. The trick therefore is to trade small amounts of money when starting out so the mistakes made won't cost you much. Trade larger size at your peril. Both use browser-based software. This means it is not necessary to install any software on to your computer, instead everything is run through your browser which is the software used to view internet sites.
In effect starting up the software is as simple as going to their website and logging on. Use the latest browser version If you want the best performance out of your spread betting platform make sure you're using the latest version of your browser software.
Read more in the Spread Betting section: How to Learn Spread betting and Prosper. Spread Betting - Home page. How to learn to trade correctly. Who to open an account with. All recommendations and comments are provided for general interest only and should not be construed as advice. Professional advice should always be sought before buying or investing in any financial product.
The price of securities and any income from them can go down as well as up. Past performance of a security or market is not necessarily indicative of future trends. Any opinions and recommendations on LearnMoney. So which one is better? Even if you don't use charts to trade with they're useful to see where the market has been either on an intraday basis or over several days, weeks or even months.
Some bid-offer spreads are tighter with IG and others with Finspreads, it just depends on what you want to trade. This is why I think it's an advantage to have 2 spread bet brokers, especially as it doesn't cost you any extra money. Finspreads minimum trade size is usually 50p whereas IG's ranges from 50p to several pounds depending on the contract. IG clearly has a wider range of markets but this is only relevant if you want to trade them.
For example, if you're interested in Belgian or Finnish stocks then go with IG. But if you want to trade UK markets and the big global ones Commodities, FX etc then both companies have the same range. IG Index has been around for over 30 years and FinSpreads for over So we're talking mature companies here and in the finance world that's generally who we want to be dealing with.
Any spread bet firm that makes it hard to open an account is slitting its own throat so the account opening process of both IG and Finspreads is both easy and slick. IG and Finspreads offer excellent help guides both online, and in their welcoming pack. Any trader new to the game can learn a lot from these so get studying.
I don't call my brokers that much as I have little need to but whenever I do they both pick up within a few rings and are knowledgeable and helpful.
Customer service is big in the spread betting world and both companies surpass themselves. Finspreads blows IG Index away when it comes to new clients because it offers the ability to trade at just 10p a point for the first 2 months and that's an incredible advantage.
On the scores above you have to go with IG Index but as I've indicated before it really does depend on what you're interested in trading and how much you want to risk. To get more information on these spread bet brokers please see their websites - Finspreads IG Index. Download the FREE report. Spread Bet Broker review. Hidden value of stop Losses.More...