Day Trading & Forex Forum

roman123

Hi guys,

I am trading US equities with spread betting account, but I am experiencing big slippages and spreads with IG Index.
What do you suggest? Shell I move to proper brokers because I am trading from 2 min. time frame and that will not get me better with spread bet. I am testing 15 min, not bad for now, but the spread kills me all the time 8points minimum on SP500 stocks and NASDAQ, also I get slippage very often.
What do you recommend guys?
If I open account with proper brokers which ones and how does it work with the taxes. Shell I make company or self employed.

Thanks much appreciated

joe4422

Well, I can't imagine an 8 point spread, you gotta stop that.


Can't you open with a futures broker like infinityfutures.com?

or interactivebrokers.com?

roman123

hi joe,
may be I can try the interactivebrokers, but i dont kno how does it work with the taxes and staff. Because spread betting is tax free. I dont know, if i have to register as a self eployed.
Are they good them interactivebrokers
Thanks