There are so many spread betting companies out there these days that it is difficult to know where to begin looking. Although more brokers fighting over us as potential customers is great because they offer us more things, the problem is that brings possibly too much choice.

Before we move in to what to look out for I just wanted to think about what the increase in competition in spread betting companies means for me as a trader. Yes the increased competition brings more products, tighter spreads, reduced thresholds etc but why are there so many competing for me? They must be making a lot of money from each of their customers on average. This is something for you to bear in mind when think about your trading career.

Is this the first account that you have opened or do you have another elsewhere and are planning on opening a second? Either way you will be looking for similar things but if you already have an account you will have a head start.

The first thing to look out for when looking at the spread betting companies is the products or bets that they are offering. If the bets aren’t what you plan to trade then obviously that will rule them out. This has become less likely over recent years because of the competition factor we spoke about earlier.

Do you know which type of market you want to trade in? Although most spread betting companies allow to trade different markets from the same account, not all do. You don’t have to have an account that lets you trade in all the markets, just the ones that you want.

It is clear that you should be absolutely clear of what you require from the spread betting companies. Make sure you know what you absolutely need and what you can do without. Once this is sorted then you should have no problems at all.

Before you look any further for spread betting companies go to Tom’s blog first. Tom will be able to go into detail of what you must have clear before looking at spread betting companies.

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