westham010
Newbie
- Messages
- 5
- Likes
- 0
I have noticed that both spread betting and direct access brokers have real disadvantages;
Spread betting: you are trading with the spread betting firm (not other traders) and relying on their quotes-which may well be in their favour.
Direct access: More profitable but you have to pay capital gains tax- 40%
But the site futuresbetting.com seems to bring together the best of both worlds. They claim to give you access to the actual market, yet as it is spread betting, you do not have to pay any tax on any profit you make.
Does anyone have any experience of this company? Is it as good as it sounds?
Many thanks,
Edmund
Spread betting: you are trading with the spread betting firm (not other traders) and relying on their quotes-which may well be in their favour.
Direct access: More profitable but you have to pay capital gains tax- 40%
But the site futuresbetting.com seems to bring together the best of both worlds. They claim to give you access to the actual market, yet as it is spread betting, you do not have to pay any tax on any profit you make.
Does anyone have any experience of this company? Is it as good as it sounds?
Many thanks,