P
Pasmall
Guest
I would like to do some options trading. Some advice on which firm to use would be greatly appreciated. Is there much of a difference between them. My bets will be pretty small.
I have an account with deltaindex - I find the platform to be good, but I have no experience with any others. Be warned about the dangers of spreadbetting - see my tale of highs and lows here: http://www.askaboutmoney.com/showthread.php?t=94255
(Gradually working my way back )
There're plenty of spread betting companies offering financial spread betting and ig and capital spreads are the most known ones.
DeltaIndex is an option but to my knowledge they are not regulated by FSA and thus I would stay away from them.
Calico, I know they are regulated by Irish regulator, but my point is that the most reputable spread betting brokers are regulated by FSA, there're a few exceptions but it always makes me wonder why they don't register with FSA.
UK companies are regulated by the FSA, Irish companies are regulated by the Irish Financial Regulator. It's as simple as that. In my experience Delta Index is a first class company and you need have no concerns about dealing with them.
Calico, I know they are regulated by Irish regulator, but my point is that the most reputable spread betting brokers are regulated by FSA, there're a few exceptions but it always makes me wonder why they don't register with FSA.
As I know your first £48,000 is protected by FSA so if you broker goes broke the government will pay you up to £48,000 whereas with Irish regulator it's much more difficult.
capital dont compare to ig index. ig are the best. i second eldra above. i have been spread betting for 2 yrs. i made loads, then lost it all. (pure luck) i then decided to educate myself and do a lot of reading , testing etc and not make money on it. not massive money or anything but enough to provide me with some luxuries.
Most, if not all Spreadbetting companies will allow you the option of segregating your funds- that way you're first to receive funds back should the company go belly-up.
Is income from Spread Betting taxable?
Even if it's your full time job?
Spread betting is tax free in the UK.
Also, as from 31 December 2010 New deposit guarantee limit to be £85,000.
That's a ludicrous theory; no spread betting company operates like this. A spread betting company is a derivatives broker and nothing more - they make their money risk free on the spread.As a result the Spread betting companies will look at your first few trades and if they see you are in the top 10% they will lay off your bets and just take the spread and if you are the majority who lose, they will take on the risk and the spread..(What Risk!!)