Which spread betting broker has the lowest spread on the FTSE 100?
Verdict
- Pepperstone publishes a minimum spread of 1 point on its UK 100 spread bet, which tracks the FTSE 100, with no commission, and that is the lowest FTSE figure in the broker data we verified.
- The other UK spread betting firms we track (IG, CMC Markets, Spreadex, StoneX Trading and Capital.com) don't have a published FTSE spread in our data, so compare them on their live platforms.
- At £5 a point, a 1-point spread costs £5 to open and close; positions held past 10 pm UK time also pay an overnight fee at Pepperstone.
- UK retail leverage on major indices is capped at 1:20, so a FTSE bet needs 5% of its value as margin.
Most UK spread betting firms quote the FTSE 100 under a name like UK 100, and few publish a fixed spread for it. Pepperstone does: 1 point at minimum. Here is what that costs per bet, why the minimum isn't the spread you will always see, and how to check the competition fairly.
Pepperstone: 1 point on the UK 100, no commission
Pepperstone's UK cost page lists the UK 100 at a minimum spread of 1 point on the spread betting account, matching its Razor CFD minimum and below the 1.2 published for Standard. Spread bets carry no commission, you stake in pounds per point, and the account runs on Pepperstone's own platform, MT4, MT5, TradingView and cTrader. Pepperstone Limited is FCA-regulated (684312), and eligible clients have FSCS cover up to £85,000.
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Minimum versus typical spread on the FTSE
The 1-point figure is a floor, seen in liquid London hours. Pepperstone's index-fee page for its Australian entity gives a UK 100 average of 1.5 points on Razor and 1.9 on Standard (August 2026 data), which shows how far typical spreads can sit above the minimum. Outside the main session, when the cash market is shut, expect a wider quote.
What a FTSE spread bet costs
| Stake per point | Spread cost per round trip | If the spread is 1.5 points |
|---|---|---|
| £1 | £1 | £1.50 |
| £5 | £5 | £7.50 |
| £10 | £10 | £15 |
| £25 | £25 | £37.50 |
Comparing other spread betting firms
IG (IG Index Ltd, FCA 114059), CMC Markets, Spreadex, StoneX Trading and Capital.com all offer UK spread betting. None of them has a FTSE 100 spread in the verified data behind this page, so rather than guess, run the same check on each:
- Open the UK 100 market on each platform at the same time, during London hours.
- Note the spread at 8:05 am, midday and 4:00 pm UK time.
- Check the overnight financing rate if you hold positions.
- Check whether guaranteed stops are offered: IG, CMC Markets, Spreadex and StoneX Trading offer them; Pepperstone does not.
Sources
Is the UK 100 the same as the FTSE 100?
Brokers use UK 100 as the market name for a bet that tracks the FTSE 100 index.
Does Pepperstone charge commission on FTSE spread bets?
No. The cost is the spread, plus an overnight fee on positions held past 10 pm UK time.
How much margin does a FTSE spread bet need?
UK retail leverage on major indices is 1:20, so 5% of the position's value.
Index spread bets are leveraged and can lose money rapidly. Tax treatment depends on your circumstances and may change. We report broker-published spreads; this is not investment advice.