Choosing the right Broker is a key part of being an efficient spreadbetter. It is imperative that the below are thoroughly considered before you start trading.

1. Efficient Trading Platform

The ability to trade around the clock is very much important for an efficient spread better. The resources must be in place for you to be able to trade on a wide range of markets, 24 hours a day if you may.

2. Margin Requirement

Placing a trade with a mere 10% margin would be an ideal starter. Trading with as little as that does make a difference as this gives you the opportunity to open more opportunities. However, we need to careful here, as we need to ensure that we only open positions we know we can afford!!

3. Easy access to your Trading position

Ability to take your opportunity or cut your loss as fast as possible is another key part of trading. It is essential that you can get straight to a broker asap, when needed.

4. Price Fill and Stoppage

Do you find out that your pre-ordered trade was not executed at the price you initially placed it! You should keep a close eye on your opening and closing position of the asset you’ve ordered.

5. The Spread

If you had to choose one of the above criteria’s, I would insist that keeping a close eye on the spread you are offered is extremely important. Opportunity favours investors who are offered tighter spreads. The tighter the spread, the easier it becomes for you to outperform the market makers.