👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money. 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
One thing to keep in mind is that SB trades are effectively 'B-Book' trades. So watch it as brokers can arbitrarily open the spread and often do beyond your stops ... and also just inside your TPs if you have them set on the platform. Spread betting companies market their services in a competitive sense, on 'how tight' their stops are. But again the spreads can be quite wide from one currency pair to another on any particular platform. Also not mentioned here are over-night 'swap' charges - basically an interest charge levied on your open positions. For buy/long orders this usually is a debit from your account balance based on the size of your lot(s), and on sell/short orders you can get a credit back - but it depends on the dominant base currency of the pair you have an open position in.
Hi Mark. I'm watching all of your videos and also live in the UK. I would like to take advantage of TAX free trading but I can't distinguish the difference between spread betting and CFD trading. For me they all look the same. Is for example trading on PLUS500 or TRADING 212 TAX free?
See th-cam.com/video/nR9ohqwRq5A/w-d-xo.html Not all brokers offer spread betting - and specifically the two providers you have mentioned don't offer spread bets (only CFDs) - for providers offering spread betting see www.financial-spread-betting.com/spreadbetting/compare-spreads.html
In practice both are very similar. Spread betting winnings are tax free while with CFDs your gains are taxable (but then you are able to offset any losses against future gains). For both stamp duty is not applicable as opposed to normal shares dealing. Some providers also allow direct market access which would be applicable for CFDs (not spread betting) We'll be publishing a video explaining this in more detail in a few days.
Yes, if so use CFDs. Your gains will be subject to tax (depends on your country) but it is not really bad as you also get to offset any losses you incur against future years. For CoreSpreads see www.financial-spread-betting.com/spreadbetting/corespreads-compare.html
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
One thing to keep in mind is that SB trades are effectively 'B-Book' trades. So watch it as brokers can arbitrarily open the spread and often do beyond your stops ... and also just inside your TPs if you have them set on the platform. Spread betting companies market their services in a competitive sense, on 'how tight' their stops are. But again the spreads can be quite wide from one currency pair to another on any particular platform. Also not mentioned here are over-night 'swap' charges - basically an interest charge levied on your open positions. For buy/long orders this usually is a debit from your account balance based on the size of your lot(s), and on sell/short orders you can get a credit back - but it depends on the dominant base currency of the pair you have an open position in.
Hi Mark. I'm watching all of your videos and also live in the UK. I would like to take advantage of TAX free trading but I can't distinguish the difference between spread betting and CFD trading. For me they all look the same. Is for example trading on PLUS500 or TRADING 212 TAX free?
See th-cam.com/video/nR9ohqwRq5A/w-d-xo.html Not all brokers offer spread betting - and specifically the two providers you have mentioned don't offer spread bets (only CFDs) - for providers offering spread betting see www.financial-spread-betting.com/spreadbetting/compare-spreads.html
What’s the difference between spread betting and CFD’s in case of stock trading?
In practice both are very similar. Spread betting winnings are tax free while with CFDs your gains are taxable (but then you are able to offset any losses against future gains). For both stamp duty is not applicable as opposed to normal shares dealing. Some providers also allow direct market access which would be applicable for CFDs (not spread betting) We'll be publishing a video explaining this in more detail in a few days.
Great! Thank you
Great! Thank you
Is trading Futures on a Spread Betting platform means I'm tax-exempt as well?
Yes, if you're in the UK and using a spread betting provider. In the coming days we'll be uploading a video comparing rolling trades vs futures.
can I trade using core-spread even if i am out UK .??
Yes, if so use CFDs. Your gains will be subject to tax (depends on your country) but it is not really bad as you also get to offset any losses you incur against future years. For CoreSpreads see www.financial-spread-betting.com/spreadbetting/corespreads-compare.html
Thanks .
Great video man, you guys stay with great content!!
Go gambling in UK is tax free? Wow.
But then people can't offset losses either! Its not a free lunch.
1st comment😀