Financial Betting Sites
We’ve curated this list of the best financial betting sites on the web. You can read our reviews before choosing one or can read below to find out what these financial betting sites have that others don’t.
Choosing the right spread betting company. If you are new to financial spread betting, we offer a variety of free resources that you can use to help you select the broker that best meets your trading needs. Top Financial Betting Sites. TOP financial betting SITES March 2021. Rank Site AU Rating Bonus Bet; 1: Ladbrokes. 5 /5: 100% Match up to $250: Bet now Review: 2: Palmerbet. 4.9 /5: 100% Match: Bet now. Financial betting sites tend to focus on four instrument categories: stocks, indices, commodities and currencies. The basic principles of online financial betting apply to all instrument types, but the. Financial betting is a whole world in and of itself, totally separate from the other forms of gambling. Whereas betting on casinos involves playing fun games and betting on sports involves making picks and hoping, financial betting is a lot more mentally stimulating, and some would argue it isn’t betting. Most financial betting sites focus on four categories: indices, stocks, currencies and commodities. While the basic principles apply to all of them, there are a few underlying assets subject to different market.
When selecting a financial betting site, there are some extremely important things to consider. Missing out on any one of these could lead to a disappointing experience. Worse, it could lead to getting scammed or ripped off.
When the GamblersPro.com team conducts a financial betting site review, we look at the following things:
Valid Licences and Registrations
We only recommend licenced financial betting sites. In the UK, they will have a license from the Financial Conduct Authority. In the USA, our recommended platforms will be registered with the SEC. From elsewhere, applicable licences will apply.
This is the most important part of any review. If a financial trading site isn’t licensed, we don’t even consider it. The license must also be from a trusted jurisdiction with strict rules to protect traders.
Once we’re sure we can trust the financial betting site in question, we turn our attention to the next most important thing.
Fair, Transparent Fee Structures
Fees are a fact of life, and there’s no way to avoid them. However, we search for financial betting sites with low fees and prioritize those over the more greedy sites.
There are two elements to fees which we find important – the size, and how easy they are to figure out (transparency).
We would rather pay a flat 2% than 1% + a bunch of other hidden fees. There’s nothing worse than winning a financial bet and finding your cash eaten away by all sorts of fees hidden in the small print.
We look at fees such as:
- Trading fees
- Maintenance fees
- Withdrawal fees
- Management fees
- Spreads (where applicable)
As we said, there’s no way to escape financial trading fees entirely. We can find the financial betting sites with the lowest fees, though. You can find out about the exact fees a trading site charges in our reviews.
Access to Lots of Markets and Instruments
We’ve written in-depth pieces on the different ways to make financial bets throughout this site. These include:
- Spread Betting
- Options Trading
- Trading Stocks
- Futures Contracts
The point is, we either want the sites we recommend to be specialized, meaning they do one thing better than everyone else, or diverse, meaning they give you access to all of the different ways to place financial bets.
The specific pieces linked to above will explain more about the different ways to bet on financial markets. We also want to have access to lots of different markets, too.
Recommended sites should include opportunities to bet on:
- Stock exchanges like the NYSE, DJIA, FTSE100, DAX, STOX600, S&P500, and more.
- Currency pairs like the USD/GBP, EUR/USD, EUR/GBP, USD/CHF, and more.
- Commodities like oil, natural gas, industrial metals, coffee, corn, precious metals like gold and silver, and more.
- Cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Tron, and others.
The best financial betting sites will offer access to all of these markets and will offer multiple ways to get in on the action. Again, all of our financial betting site reviews cover the exact markets you’ll have access to if you use that site.
Fast Withdrawals With Low/Zero Fees
Top financial betting sites allow you to cash out instantly when you make money trading the markets. They don’t give excuses, don’t place withdrawal limits on transactions, and don’t take excessive fees on the way out the door.
While we will recommend a financial betting site which has withdrawal fees if it has other features we think make up for it, we’ll still make that clear in our reviews. You’ll know precisely what you have to pay before you make a withdrawal if fees do apply.
We prefer sites with no withdrawal fees, though. You’ll always find these ranked higher on our recommended sites than the ones which do take withdrawal fees.
Speedy transactions and no fees score maximum points from us. Anything less and the financial markets betting exchange will fall down our ranking system.
An Assortment of Helpful Extra Features
The extra features a betting site offers can really make a difference when it comes to things like forming your financial trading strategy.
We prefer sites which offer interactive charts, historical data and price records, expert commentary, financial news, trading tips, and even the ability to copy profitable traders.
These could be tools the site provides or it could simply be that the site allows the use of extra plugins which traders can choose. Either way, these financial betting tools make all the difference when it comes time to trade.
Other than features, we look at the little thing such as which currencies a site supports or allows transactions in. While the USD is the major one which all sites support, we prefer USD, GBP, EUR, AUD, CAD, CHF, NZD, JPY support.
We also give extra points if a financial betting site offers an app and/or is mobile-friendly. That’s a must in today’s trading environment.
Financial Betting Sites FAQs
Q. How can I find a safe financial betting site?
Start by reading our reviews and pay special attention to which licences a site has. If it’s regulated by a major financial authority, that goes a long way towards establishing trust.
Q. Are there financial betting sites which accept US residents?
Sure there are. Unlike online casinos and other betting sites, US residents have access to all financial markets. We only recommend sites which accept bettors from the USA, UK, Europe, Australia, Canada, New Zealand, Japan, and beyond.
Q. Which site would you recommend for beginners?
eToro is one of the easiest sites to use for beginners. It offers the ability to watch, learn from, and even outright copy profitable traders. If you’re a financial betting beginner, we recommend reading through this site and some of the educational pieces our team has put together.
Q. How do I manage risk when betting on financials?
The first and most important thing to do is understand and use stop losses. These minimize the damage when a trade goes the wrong way. Many sites offer guaranteed stop losses. If applicable, you also need to understand concepts like margin. The best way to manage risk is to only bet what you can afford to lose and only ever risk a percentage of your overall capital one any given trade.
Financial betting is quickly becoming the digital gaming of the future. If you’re into gaming at all, then you should know that betting on the outcome of the currency markets is growing in popularity. You might be asking yourself exactly what financial betting is, or how you can check it out. In this article, we’re attempting to give you enough of an overview for you to determine if it’s for you.
Financial markets-based games have been growing and following the popularity of Forex, which has a current daily trading volume of $5 trillion (compared with the stock market, with an average daily trading volume around $2 billion). With this much money at stake every day, financial betting is sure to be in your digital neighborhood soon.
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Every couple of months, we rank all of the financial betting websites on strict criteria in multiple areas, including security, betting options, customer service, and promotions. We factor in how many betting instruments they cover, how fast you can withdraw your winnings, and their overall internet reputation.
Without basic trustworthiness, a website can’t make it on this list at all. That being said, all of the websites on our list are good to go. You can pick one, or sign up for several to determine what ultimately works best for your personal preferences.
We do have a complete internal and external set of ranking factors for the websites on our approved list. We then rank the sites on promotional factors and on feedback from social media and our super awesome readers. Only the sites with the best value and promotions make it to the top.
What Is Financial Betting?
If you bet or wager on the various outcomes for sporting events, it’s called “sports betting.” When you place wagers or bets on the financial markets, it’s called “financial betting.” Financial betting has four primary markets:
Shares are exactly what you think they are; they’re shares in various companies. Indexes, or indices, are collections or albums of shares that fit with a particular business sector (i.e., tech, oil, finance). The value of commodities, like metal and gold, are speculated and wagered on in the financial markets.
There are sites that will offer odds on pretty much anything that has an unpredictable value. Forex represents the currencies market, and it’s by far one of the most watched markets in the entire financial betting area.
What Is Forex?
Way before you can properly understand and be competitive in financial betting, you’ll need to understand what Forex is. Forex means “Foreign exchange.” It’s the primary market where people around the globe trade national and regional currencies. To be technical, the Forex market is divided up into three separate markets:
- The Spot Market
- The Forwards Market
- The Futures Market
The spot market is where currencies are traded on price and usually take two days to settle. The “forwards” and “futures” markets don’t actually trade currencies, but sell contracts to claims of currency.
The Forex market is the global Wall Street of money and includes every single aspect of the “Buy, Sell, or Hold” actions of the stock exchanges. Forex is actually the largest market in the world in terms of overall trading volume. The reason the foreign exchange market is huge is because it’s the central place where all of the world’s currencies are traded.
A differentiating factor between Forex and other markets is that Forex isn’t centralized. All of the transactions happen over a series of digital networks and computers. The market is also open 24 hours a day for 5.5 days per week. During the week, there’s a constant stream of fluctuation in the markets, and this is exactly what financial betting is based on.
On one hand, with a market investment, you’re usually wagering on a long-term positive outcome. On the other hand, we have a game based on the outcome of the market. There are always exceptions to the rule, but this is the best way to think of them.
Financial betting is gambling and the Forex market is investing. You can argue the extremes of both to say that Forex is gambling and your financial betting is an investment, but that wouldn’t be the majority of the time.
The more you learn about financial betting, the more you’ll see the parallels it shares with the Forex market. It’s often advised that if you want to become a good financial bettor, you should have a crystal-clear understanding of Forex. It’s also very common for junior Forex traders to play financial games to develop their chops and help them understand Forex better.
Why Financial Betting Is Better Than Investing
Well, it might not be “better” overall, but we can assure you that it’s way more fun. While betting and investing might seem like similar concepts from strictly an odds point of view, gamblers always face stiffer odds. Sportsbooks, casinos, and online gambling sites need to keep the lights on. You can argue that investing long-term could be a losing idea, but we would rebuttal with the odd.
The reality is that financial betting is something to do for fun, and investing is something you do when you get super old. In addition to the good times, there are a few distinct advantages to financial betting versus trying to game directly with real currency on Forex:
Best Betting Sites In Usa
- Lower fees
- Usually, you can be up and betting in the time it would take to set up a Forex account. You also don’t have to pay trading commissions or brokerage fees, as you’re not actually trading currency.
- Faster
- If speed is important, financial gaming is faster action than Forex.
- Easier to learn
- There’s a ton of noise about Forex, as it’s the largest global currency exchange. Financial games can have you up, running, and playing in a matter of minutes.
- Stay anonymous
- You don’t have to get all public and regulated with some financial betting sites. You can keep last names out of it and focus on the fun.
- Tax laws
- If you’re trading currencies on Forex, you’re subject to different tax law than standard financial betting. Your winnings won’t be subject to the same amount of government red tape.
“Fast” and “easy to learn” are really the top appeals of financial betting. There’s also more action overall, as usually the sites that offer financial betting offer other games as well. You might be able to research financial bets while waiting for players to act at the poker table. These advantages are leading to the increase in popularity and the reasons why most people start out with financial gaming.
The first thing you need to do is to find an online casino that offers financial-based betting. You’ll need to sign up for an account, then read their gaming tutorials to start. Most of the gamers who partake in financial betting already have some prior knowledge of the markets they’re based on.
You can do a random betting strategy, or bet on personal whims, but a winning strategy will always be rooted in well-placed research. It’s easy to get started with some of the simple bets. You’ll probably start with learning about the different types of bets placed on the financial markets:
Spread Bets
This is the biggest action in financial betting. It would probably be easier to start with the basic “fixed odds” style betting, but this is what makes financial bets shine. With spread betting, you’re able to win or lose unlimited sums of money, as it’s based only on how much a share goes up or down.
That means that if you set a bet, it’s fluctuation could be up a few thousand dollars or down a few hundred, or pretty much any outcome in between. Spread bets are wild and crazy; it’s like a no-limit stock market. Some books offer you limits or caps on the spread bets, but the spread is by far the most fun.
Fixed bets are the simplest and most common bets placed in financial gambling. Fixed bets allow you to keep the wager based on the amount you’re willing to stake.
Basically, you’re placing bets on if the shares of currency will rise or fall to a certain point. If you bet $100 and win, you get $200. If you bet $100 and lose, you lose only your $100.
Binary Betting
Then there’s binary betting. If you’re already a stockbroker or something, then you’ll totally get this, but overall it’s not for the amateur financial markets gamer. This advanced betting matrix is basically similar to spread bets, but it’s limited so you can only win/lose. It’s based on an odds index ranging anywhere from 0 to 100.
Wsbetting Mobile
The bet always settles at 100 if the event that you’re betting on reaches that point. Alternatively, it settles at 0 if it reaches that point. You’ll have various other options ultimately decided up by whoever is offering the game.
It’s a matter of pride for us to only recommend the financial betting websites that have met our guidelines and expectations for quality service. We ferociously scour the internet every couple of weeks to find new websites to review. We sign up, place some bets, and write reviews, all in an effort to update our rankings.
Betting Financial Market Spread
If you play at a website that you enjoy that is not on this list, give us a shout on our contact page. To have the most fun with financial betting, we always recommend only gambling at reviewed websites, and never betting more than you can afford to lose.