Best Forex Spread Betting Broker Uk

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With spread betting, spreads include a mark-up, but there are no commissions to pay—all trading costs are built into the spread. CFD-trading accounts are charged commissions. This, in addition to the tax advantage, is why many UK and Ireland residents choose to spread bet instead of trading CFDs.

UK Spread Betting Brokers Broker Discussion. Home Forums ... Please list the best spread betting brokers in the UK, and your experience if possible. Many thanks Post # 2; ... then your trading is not taxed..but i thought this was only through spread bet trading and not normal broker forex trading?.

Spread Betting is tax free until it becomes your main income. Once your main income comes through spread betting all profits will be liable for income tax. If spread betting is a secondary income then it is the most tax efficient way of trading, if it becomes your main income, CFD trading is much more tax efficient.

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