Brokers with zero spread but pay commission

[EricaS]

Good day

Are there any spread betting brokers that allow you to enter the trade at market price (bid=ask) and pay the spread cost upfront like a commission?
I prefer spread betting for tax purposes.

Thanks

 

[BigDeal]

Spreadbetting is just as the name suggests - it is a bet and will involve a spread. You need to look at non spreadbet CFDs.

 

[EricaS]

Spreadbetting is just as the name suggests - it is a bet and will involve a spread.

Yes. In my case the spread is zero.

You need to look at non spreadbet CFDs.

I want spread betting for the tax savings.

 

[BigDeal]

Yes. In my case the spread is zero.

The spread will never be zero in spreadbetting; it would contradict with what the contracts are.

 

[EricaS]

The spread will never be zero in spreadbetting; it would contradict with what the contracts are.

I don't understand why it can't be a zero spread. I will simply pay that spread cost upfront like a commission when I enter the trade.
I want the zero spread because of my scalping strategy. The spread is getting in the way of me making a better profit.

 

[BigDeal]

I don't understand why it can't be a zero spread

It's because a spreadbet is a category of CFD characterised by a spread around the bid/offer.

 

[chrisstu]

It's because a spreadbet is a category of CFD characterised by a spread around the bid/offer.

Surely the reason spreadbets always have a spread is because the provider must pay a percentage tax on winnings to the government. So it can never be a commission based business model, unlike futures, CFDs, etc.

 

[Visaria]

Surely the reason spreadbets always have a spread is because the provider must pay a percentage tax on winnings to the government. So it can never be a commission based business model, unlike futures, CFDs, etc.

No, they are just companies that pay corporate tax at the end of the year on any profits. Just like other companies.