Financial Betting Reviews
Financial betting is a fast-paced, often lucrative way to bet on the price moves of different financial instruments. It can be anything from house prices and foreign exchange or gold and shares. There are a few differences between financial betting and traditional investing, though. For starters, it’s a bet. Also, you trade on a margin since you bet on a per-point basis which means you stand to lose or make a lot more than you stake. It’s exactly this that makes financial betting a high risk and high reward activity.
Many of the financial betting sites we rate and review have excellent educational articles, videos, and even demo accounts for you to practice on.
Different Types of Financial Betting
There are a wide variety of financial betting markets, with some carrying greater payouts and risks than others. To be successful, you need to know the differences between the types of betting.
1. Binary Options
This is for bettors who more experience. Binary trading is complex, risky, and yet highly rewarding. It involves placing a wager on whether something will go up, down or stay the same price.
2. Fixed Odds Betting
This is the perfect starting block for new bettors. Financial odds betting is easy enough to learn and understanding with fewer risks. If you have some sports betting experience, you’ll find this kind of financial betting a breeze.
With this type of betting, odds are set on an instrument to reach a particular price level in a certain period of time. The odds and potential outcomes are revealed before you place your bet along with the potential payout, so you know what you could win or lose.
3. Spread Betting
Financial Spread betting is popular with bettors as it yields excellent rewards. However, it involves the highest risks. In spread betting, you bet on whether something will go up or down and also by how much.
You don’t get to know the return or risk beforehand since it all depends on how far the instrument moves and which way. Unlike fixed odds and binary options, spread betting doesn’t expire and you can buy or sell your bets at any time.
Financial Betting Site Reviews
If you’re looking for in-depth, honest reviews on the top financial betting sites around, you’ve come to the right place. Here at Betopin, we only list regulated brokers that provide secure platforms, tight spreads, and quick execution on indices, commodities, equities, and foreign exchange.
We rate and review the best betting brokers and look into the top accounts. To make our list of top recommended sites, though, a site must meet a list of strict criteria.
How We Rate Financial Betting Sites
There are a few key features we look at when reviewing financial betting sites, including:
- Market ranges
- Mobile apps
- Added value
- Social trading
- Credit accounts
We Only Recommend Regulated and Authorised Financial Betting Sites
By ensuring a betting broker is fully regulated and authorized, you’re assured that some of your funds are protected. What’s more, betting brokers are required to regularly report back and have sufficient compliance in place for the fair treatment of every single customer.
We Look At How Wide the Spread Bets Are
When reviewing a site, we always look at how wide a company’s spreads are. This is an important element since it can cost you, the trader. Overall, the narrower a company’s spreads are, the lower the trading costs.
It’s important to know that a spread is a difference between the price you can buy and sell a certain position. If you’re an intraday trader, for example, who makes many trades, this can have a major impact on your profit and loss.
Financial Betting Mobile Apps
Most financial betting brokers offer multi-platform apps for smartphones and tablets, so you can effortlessly trade on the go. Being able to trade on your mobile device ensures you are always connected to the market and you can check prices along with open and closed positions whenever you need to.
Different Asset Classes
Some financial brokers only focus on one product, such as foreign exchange, whereas others will cover the entire market. As a rule of thumb, the bigger the broker, the more asset and stocks you’ll be able to trade. Most online financial betting takes place on major stocks, and foreign exchange pairs, and indices.
When you bet at a broker with a better market coverage, you can rest assured there’s no delay on putting a trade on some sort of obscure stock or index, should the opportunity arise.
We only ever recommend financial betting sites that are reputable. The more established a particular broker is, the better they’re bound to be at dealing with issues. The financial markets are extremely complex, so using an experienced broker along with helpful and knowledgeable customer service is important when it comes to sorting out trading errors or helping you find your way around new products.
Most financial brokers offer more or less the same access to the market. When you choose a financial betting broker with plenty of added value tools like technical analysis, live news and sentiment indicators, you can get a much better overview of the market and make more informed trading decisions.
Some Brokers Offer Credit
Certain financial brokers offer credit accounts, which means if you’re a regular and lucrative client, you’ll be able to put a trade on without even having cash in your account. Of course, you’ll have to fund the account at some point, but being able to get a bit of credit means you can put a trade on quickly without having to wait for funds to clear.
The Best Betting Platforms for Beginners
When it comes to the complex world of financial betting, there’s no one size fits all broker for beginners. If you want to find the best betting platform for you, read through our comprehensive guides. If you’re new to financial betting, be aware that while it does offer high rewards, it can be rather risky. So, make sure you understand how it all works before you start trading. Better yet, many brokers offer demo accounts that you can play around with. This is the perfect way to find your feet in the financial betting arena without risking your own money.
The Difference Between Sports Spread Betting and Financial Spread Betting
To date, there is just one financial spread betting broker that has a platform for sports spread betting, and that is Spreadex. There are plenty of other financial betting brokers who used to offer this type of betting, but not anymore.
Spread betting on sports is a little similar to trading the financial markets, but rather than betting on the prices of commodities, forex and shares, you trade on sports scores.
Why Regulation Is Important for Financial Betting Brokers
Financial betting brokers are typically licensed and regulated. In the UK, this comes in the forms of the FCA. The FSA register also provides a database of a company’s status, the management team and the regulated employment history. A quick search on the register will give you all the information you need to know in terms of a platform’s experience and management. You should never trade with a site that isn’t regulated. We only ever recommend regulated and experienced financial betting sites.
Lucrative Welcome Offers and Trading Bonuses
Since financial betting sites are regulated, they are not allowed to offer welcome bonuses. If you find a broker that offers a cash bonus for signing up, take it as a red flag and move along. Remember to go through our list of top financial betting sites to find the best platform for your betting needs.
A Wide Range of Betting Markets
When you open a new account with a financial betting site, make sure you know what individual instruments and asset classes you would like to trade. For instance, if you’re more interested in small-cap shares, you want a financial betting platform that specializes in them. All brokers tend to offer the major index, foreign exchange, and commodities.
Why Financial Betting Trumps Regular Investing
Financial betting may not be better than regular investing overall, but it’s certainly a lot more fun. While investing and betting may seem like similar concepts from an odds perspective, gamblers will always face tougher odds. Casinos, sportsbooks, and other online gambling sites need to stay in business, and both the brands and the punters know this.
In reality, financial betting is fun, and often lucrative, while investing is something you do more long-term. There are a couple of clear advantages to financial betting, too, such as:
- Speed – financial gaming is a lot faster than investing
- Lower fees – you can be up and betting faster than it takes to set up an investment account and portfolio. You don’t have to pay brokerage fees or trading commissions, either, as you’re not trading an actual currency.
- Anonymity – you don’t need to be regulated yourself to enjoy financial betting sites. In fact, you can keep your name out of it and still have loads of fun.
- Easier – financial betting is easy to learn and you can be betting in no time at all.
The fact that financial betting is fast and easy to learn makes it appealing to punters. There’s also more action and the best financial betting sites also offer other games for entertainment value. So, you may be able to place your financial bets while waiting for players to join a poker table.
With so many advantages, it’s little wonder financial betting is increasing in popularity. Take a look through our in-depth financial betting reviews to find the right platform for you.