I really like Paddypower. Why? It is easy to use and I like the colours… and one important small thing: I have a lot of luck with them.

They don’t offer the most sophisticated platform out there, but it is decent and it does the job.

It is very easy to open a position or to an order, but for some reason when you place an order you must put the entry level with decimal point (i.e 4500.1) it is strange but you can live with it. You get an email notification on each order and trade that you do. This is great to keep records.

One thing that I don’t like is when you have an opened position you can’t alter the stop loss or the limit (or at least I didn’t find how to do so). You can either close the position or wait to the stop loss and limit that you had setup before, to triggered. I don’t like this because sometimes when my trade is in the money, I move the stop loss to a level where I can’t lost and try to see if the markets run in my direction. With Paddypower you can’t do it. They also don’t offer trailing stop loss which is fine by me, because I don’t use them.

They do offer a demo account which is quite handy for beginners, and from time to time they have promotions that offer you free credit which I like to take advantage of. If you refer a friend you get £50 extra.

Their charts are similar to everyone but they do offer 2 external research tools which I like. On their homepage they have nice tool that shows the percentages of traders that are long on Index / Share / Currencies, compare to the ones that are short. So you can see at any point if other people think like you or not. I use this tool because it gives you good indication what other people thinks.

They have a blog with good info and ‘Trader academy’ with videos that explain about Spread betting.

Their platform uses Flash and works very good even on Linux. But I find it a bit slow sometimes.

Their spread is very competitive and sometimes like on the German Dax they are leading the market.

All in all I find them very good and I use them quite a lot. I never used their customer service so I can’t report on that.

But one small annoying thing. When you lose your losses are in red which is fine. But when you winning the colour is black which I find unhappy colour. When I am winning I want to see it in blue or green, definitely not black. I know it is tiny thing…