BeginnerJoe
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I do respect your opinion Joe as you have a lot more experience in the field than I.
I just don't think the two can be fairly compared, trading in the market and betting on it.
horses for courses and all that.
Well, it wouldn't be a terrible idea if the bucketshops get in a bit of horse racing. Then they would have a single platform for all their punter's needs.
SB is a shadow market. In other words they shadow the real market, with a disclaimer that the bucketshop has an option to not shadow the real market at times of their choosing. This is why bucketshop prices can have inhuman spikes in them while no such thing exists in the real market. There was an actual example of this only the other day.
It's true however that the bucketshops needn't spike your game in most situations because you would loose your money all by yourself. But in special situations, the bucket shop has the nuclear option while a normal broker wouldn't.
In the bastion of capitalism, the USA, SB is illegal. That should give you some clues. The tax free nature of SB is just a sugar coating for a bitter pill of the government getting more of your money. They know on aggregate, you will loose, and 20% of that money is theirs.
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