If like me, you have often heard people talk about Spread Betting and Trading activities, but are a little unfamiliar with the concept of it all, then you will already know that the App Store is not the easiest when it comes to searching for guides and training in this field. Searching for Spread Betting Guide or How To Spread Bet yields no results, while random results for terms like ‘SpreadBetting’ without a space, include Bible Xpress and Pocket Fishing. With that in mind, how does a beginner start becoming involved if they are limited to their handheld devices?
Most of the applications that do appear for the key terms and are relevant were designed with experienced traders in mind but also mindful of the fact that there are many new potential customers who would like to know more before they risk their money on the markets. Rather than let media coverage on huge losses and isolated gambling problems obscure potential new traders from trying it out, most of the Apps that are available to download have a ‘Free Play’ or ‘Simulation’ option that you can choose which allows you to learn more about their system and the ways to place bets and limit losses. Some of the major brands include IG, Spreadex and CMC Markets and if you click on the first result, which is IG, they even have a nifty little video that you can watch that gives you a brief overview before you download the application to your device.
But with all of this in mind, which of the Apps on offer gives beginners the best opportunity to learn and trade in a safe environment? The answer is hard to give as all of these Apps have widely varied reviews and none applicable for their most recently released versions, but fortunately there are other ways to review this problem. The main thing to remember here is that each and every one of these Apps offer you a chance to try Spread Betting as a demo player. That means that if you have the patience to download a few of the choices on offer, you can personally see which ones feels right for you. In our opinion, having tried them all, we liked both SpreadEx and IG but for 2 different reasons. SpreadEx is clean and simple to use with very few distractions, whilst IG offer an unparalleled selection of markets and have clearly invested heavily in their App building as it is quite customisable depending on your experience level.