One of the lesser known names in spread betting is Delta Index. It’s an Irish company with a UK operation, but I wouldn’t let that put you off because they are regulated by the Central Bank of Ireland. Regulation aside, I have found them to be one of the best spread betting firms for customer service.
Whenever I have had cause to query something, even something as trivial as why trade notifications were still going to my old email address rather than my new one, a Delta Index representative has responded to my email by telephone within hours (if not within minutes).
On a related bu slightly different note: having had experience with most if not all of the spread betting companies, I can tell you that some of them are keen for you to deposit money but make you jump through a few hoops in order to get it back again.
Not so with Delta Index who have a simple Withdraw button that allows you to submit your cash withdrawal requests online. Every time I’ve used it, the cash has been back in my bank account within a few days.
Keep It Simple
Delta Index has one of the simplest web trading user interfaces which ranks alongside Trade Fair and World Spreads for clarity and ease-of-use. If you’re just starting out in spread betting and you want a straightforward account that does exactly what it needs to do, and no more, then this one might be the best one for you.
I’d like to see a few improvements in terms of minimum stop distances (which are wider on this platform than on some other platforms) and the range of markets available, but nothing that would be a showstopper for most people.
Mobile trading via an application on your iPhone or Android phone seems to be limited at the moment to the ‘big name’ spread betting companies, and often excludes their white label cousins.
Delta Index provides a mobile trading platform that you don’t even have to download from your phone’s app store. Just type mobile.deltaindex.com into the phone’s web browser. Interestingly, the mobile web site provides a very handy search box for finding new markets and instruments to trade — and I can’t for the life of me find an equivalent search facility in their non-mobile web interface.
The Bottom Line
An experienced spread bettor such as myself might want a few more bells and whistles, but when it comes to choosing a first spread betting account — with a very accessible mobile trading facility to boot — Delta Index is hard to beat. But you might want to also look at Capital Spreads.
About the Author
Tony Loton is a prolific financial writer and private trader, and author of the book “Position Trading” published by LOTONtech.