Recent content by peterpies

They have stated through email, they are spread betting accounts, 'Please note the client will need to inform us that he is using the account for Spreadbetting and we can then provide a side letter to confirm the account is a spread betting account.' Not sure how that would satisfy HMRC though.

My bad, I was thinking about these, which say they are spread betting, https://varianse.com/Accounts-Types.html But when you dive into the 'KID', they are CFD's and not spread betting. https://varianse.com/docs/February2020/VARIANSE%20-%20VDX%20-%20KIDS.pdf

Who would trade with broker who charges a 1.6 spread, let alone 8 pips. There are much better brokers out there. You can even get DMA spread betters if you want. I refute the 'tax is cheaper' argument. Assuming the trader is profitable, an 8 pip spread is cheaper than a 32%-52% tax. The...