Recent content by Philip

I have had the spread moved against me, too often for my liking. The alternative, I suppose, is to go with a regular (non spread betting) broker. Any suggestions or recommendations please.

It appears that we agree to disagree so it is probably best if I do not continue the argument. I will, however, be pleased to agree with you if you can direct me to the section in the Taxes Acts that says gambling is not a trade. It is a practice of the IR for reasons explained, which can be...

The rule is that any activity can be a trade but it suits the IR not to treat gambling as such and tax people generally because overall the betters lose more than the bookmakers, who pay tax on their profits. On the one side, where there is a profit, the IR get their pound of flesh, on the...

No, A trade is a trade. Doesn't matter who it is with. At the moment the IR (as far as I know) are not looking to tax day traders and they may not unless they think people are making large profits. However if the losses are greater than the profits, by the same principle, they would have to...

I have not read all your postings so I hope I am not contradicting anyone. You are not subject to income tax or CGT on betting UNLESS you are conducting a trade. If you are trading regularly, i.e. most days of the week and/or it is your sole or main source of income then you can be subject to...

Thanks for the information. I had a quick look at Interactive Brokers but could not see that they trade the Dow. It is probable that you can only see the full site when you register, which I have not yet done.

A little more help please, if you can. I am using Esignal for my charts & prices but it is expensive. Are there any good alternatives, especially free ones.

They are moving and widening the spreads. I read somewhere here that someone was paying a one point spread. Do you know anything about this?

Spread Betting Can anybody help, please? :confused: I have been trading with 2 spread betting companies, very successfully I might add, but they are meesing me about with the spreads and threatening to close the account. Does anyone know of a regular broker that I can day trade the Dow...