CFD's or Spread Bet

This is a discussion on CFD's or Spread Bet within the Spread Betting & CFDs forums, part of the Commercial category; Hi, this is a question to UK traders. Do you trade CFD's or do you Spread Bet, I thought it ...

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Old Oct 1, 2016, 9:27pm   #1
 
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CFD's or Spread Bet

Hi, this is a question to UK traders. Do you trade CFD's or do you Spread Bet, I thought it would always be the best choice to SB but the more I look into it, the more unsure I am. So could you please explain as to why you have chosen one over the other. I also read that when you start trading with larger amounts of money, it is much more comforting knowing that your broker is earning purely by commission rather than acting as a market maker.
I would be most grateful if someone could please enlighten me...thank you.
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Old Oct 1, 2016, 11:52pm   #2
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If you're a UK resident, why would you even think of using CFD's?
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Old Oct 2, 2016, 8:38am   #3
 
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Originally Posted by tomorton View Post
If you're a UK resident, why would you even think of using CFD's?
These are my thoughts as well, but UK professional traders do...and I would like to know their reasons.
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Old Oct 2, 2016, 9:15am   #4
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Originally Posted by Tai-pan View Post
. . .I would be most grateful if someone could please enlighten me...thank you.
Hi Tai-pan,
Welcome to T2W.

This may help: What are the Pros and Cons of Spread Betting Vs CFDs?
Tim.
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Old Oct 2, 2016, 9:21am   #5
 
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Originally Posted by tomorton View Post
If you're a UK resident, why would you even think of using CFD's?
Depends on position size and the spread involved. With minimum commissions CFD is usually more expensive despite the tighter spread but if you are lobbing big money at it then spread betting becomes the more expensive option.
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Old Oct 2, 2016, 10:28am   #6
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Will go with cfds , more professional for the future ....
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Old Oct 2, 2016, 12:54pm   #7
 
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Originally Posted by tar View Post
Will go with cfds , more professional for the future ....
Care to explain your reason, what do you mean by 'More professional'.

Thanks
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Old Oct 2, 2016, 1:03pm   #8
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Originally Posted by Tai-pan View Post
Care to explain your reason, what do you mean by 'More professional'.

Thanks
You never know maybe in the future you want to show your trading statements to someone , you don't want to be labelled as a bettor - spread betting - , cfds looks better in general , and trading DMA futures and DMA stocks is even better and better . Not to mention that betting is illegal in some countries , what if you want to work in Dubai for example .

What you want to trade ? Stocks ? Which broker you are looking at ?

Last edited by tar; Oct 2, 2016 at 1:17pm.
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