rathcoole_exile
Guest Author
- Messages
- 3,925
- Likes
- 767
option 4 , lower your expenses and reduce your tax burden.
live in dubai
live in dubai
Spread Betting v Direct Access - The Annual Revisit
- Thread starter new_trader
- Start date
- Watchers 9
strongboes
Member
- Messages
- 57
- Likes
- 15
I'm sorry but to say that using a sb firm to trade is actually gambling and if you did it da then it's trading is complete rubbish!
People also seem to be saying that if you use a sb firm then you aren't very good and your not making a profit? more utter rubbish!
What would you prefer, pay 40% tax or no tax? Wow what a tough decision that is! I think some posters on here have a serious complex
People also seem to be saying that if you use a sb firm then you aren't very good and your not making a profit? more utter rubbish!
What would you prefer, pay 40% tax or no tax? Wow what a tough decision that is! I think some posters on here have a serious complex
the blades
Experienced member
- Messages
- 1,336
- Likes
- 275
wasp
Legendary member
- Messages
- 5,107
- Likes
- 880
2be
Senior member
- Messages
- 2,062
- Likes
- 367
Tax advantage
You have to make money in order to pay tax or feel that you have gained a tax free benefit...let's make that clear. Are you saying it is easier to make money trading through a S/B over Direct access? I am saying that the answer is an unequivocal NO! You cannot scalp with a S/B firm, that is certain. You cannot scalp with a S/B firm, that is certain.
Why not play roulette..I believe winnings at a casino are tax free.
You have to make money in order to pay tax or feel that you have gained a tax free benefit...let's make that clear.
Stating the obvious has usually got dep seated reasons, ans I would rather not elaborete on them on a public forum.
Are you saying it is easier to make money trading through a S/B over Direct access?
I am not saying that at all.
I am saying that the answer is an unequivocal NO!
I do agree with you, making profits is difficult on both, spresdbetting and DA platforms.
You cannot scalp with a S/B firm, that is certain.
Thank you for this information I have heard many times. I do not scalp, so do not know it from my own experience.
Why not play roulette..I believe winnings at a casino are tax free.[/
If you want to play roulette, you are welcome, and enjoy it. Sorry I do not play roulette.
I do have live accounts with several platforms, and I do not see a marked difference between them. Some spreadbetting platforms have different systems to execute and maintain the open position/s, and one has to get used to it. In some cases some DA platforms might be a bit easier in that aspect, but that is all.
Hope it helps.
2be
Last edited:
wasp
Legendary member
- Messages
- 5,107
- Likes
- 880
Lee Shepherd
Senior member
- Messages
- 2,164
- Likes
- 573
If you are still using credit you need to improve your trading mate
I'd love to be able to get credit
Do you know the address of the bank of carlsberg?
2be
Senior member
- Messages
- 2,062
- Likes
- 367
I think it isI'd love to be able to get credit
Do you know the address of the bank of carlsberg?
No: 1 High Street, TESCO BE1 ER5
the blades
Experienced member
- Messages
- 1,336
- Likes
- 275
In Sheffield!
absolutely! I love it here, seriously.
Give me my steel city, football team, family and freinds (who I'm shortly out on the lash with) over a shopping center in the desert, anyday
UTB
If one is trading a personal account where the payable tax is enough to take evasive action, then:
* Given the account size, I would expect the trader to understand the advantages of DMA over SB for professional trading.
** The trader should have the accumen to move their affairs offshore.
* Given the account size, I would expect the trader to understand the advantages of DMA over SB for professional trading.
** The trader should have the accumen to move their affairs offshore.
fernanj
Junior member
- Messages
- 32
- Likes
- 3
I agree with MrGecko - to expand on this further the confusion seems to arise as to when not to use SB's and when to go the DMA route
The answer to this in my experience is that some SB companies can not handle bets as low as £20 per point, very few of these bookies can handle SB's up to £50 per point before they start to fiddle the price and use delay /stealth tactics.
Personally if my bets were of a considerable size than I would seriously consider DMA.
Joe
new_trader
Legendary member
- Messages
- 6,770
- Likes
- 1,656
Nice hypothetical numbers which prove absolutely nothing. This is the sort of answer I would expect from someone who has just opened a spred bettin' account with the pocket money his mummy gave him rather than a real trader. There are many reasons why DA is professional and spred bettin' is non-professional and NONE have anything to do with hypothetical earnings. Those who are compelled to dig deeper will find out what they are.
Hoggums
Senior member
- Messages
- 2,176
- Likes
- 878
I have no idea what you mean when you say spread betting in non-professional - what does that mean?
For those of us who know how to trade- a few pips here and there from the SBs makes no difference whatsoever - I accept this as a cost of tax free trading - and besides - it works both ways - sometimes I gain from it - sometimes I lose.
As a 40% tax payer in my job, Sbs make my life so much simpler. I am already beyond the CGT limits for 08-09 and not having to declare my trading on my tax return and pay out 40% of my years profits is worth far more than those "unprofessional" lost pips.
For those of us who know how to trade- a few pips here and there from the SBs makes no difference whatsoever - I accept this as a cost of tax free trading - and besides - it works both ways - sometimes I gain from it - sometimes I lose.
As a 40% tax payer in my job, Sbs make my life so much simpler. I am already beyond the CGT limits for 08-09 and not having to declare my trading on my tax return and pay out 40% of my years profits is worth far more than those "unprofessional" lost pips.
Lee Shepherd and Ziggler, read what i wrote again, but this time READ it, think a bit, and then reply.
Quoting myself: "the spread bet doesn't influence the supply and demand in the market"....
so thank you for telling me something i already know...
unbelievable. Just read it and before getting het up about the fact that someone disagrees with you, just think for a second.
And yes, the PnL is the same.
Quoting myself: "the spread bet doesn't influence the supply and demand in the market"....
so thank you for telling me something i already know...
unbelievable. Just read it and before getting het up about the fact that someone disagrees with you, just think for a second.
And yes, the PnL is the same.
new_trader
Legendary member
- Messages
- 6,770
- Likes
- 1,656
Exactly the sort of question a spred betta would ask.
Tell me, exactly, what does the MARKET price of an instrument mean?
Don't google for the answer!
In order to sort out wheat from chaff you have to know what wheat AND chaff are, don't you?
new_trader
Legendary member
- Messages
- 6,770
- Likes
- 1,656
Why don’t you provide a proper insightful answer like a professional trader then? One that merits proper discussion? There are reasons, verifiable FACTS as to why Spred bettin’ is non professional. When two carpenters discuss which is the right tool for a job they don’t bring up inappropriate points like how much money they make as proof. Without mentioning how much money you make or how you trade or how much tax you avoid or any other superficial amateur points. Give me your reasons as to why Spred bettin’ is professional.
You know what i partially agree with you - where you say one should provide proper insight that merits discussion. I'm not going to bicker on here all day. I have better things to do. But all i'll say is pull your head out the sand and stop being so old fashioned...because i'm sure as someone who probably trades a lot, if you think about the pnl again you'll agree. Or, keep paying your stamp duty and tax....it doesn't affect me.
That's me done on this topic.
That's me done on this topic.
