Arcade with no desk fees?

[A Dashing Blade]

the company may be, or may be similar to a spread betting company that has recently opened on devonshire row. they offer the promotion of no desk fees and their round trip costs also seem fairly competitive which was surprising. it is also a tax free way of trading as spread betting is tax exempt as far as im aware and the backing company is baed in gibralter.

So that'll be FuturesBetting then?

http://www.financial-spread-betting.com/Futuresbetting.html for a good overview of how they work

 

[Directional]

trouble with this idea is that if you are a pro trader, or if SB is your main source of income, then the inland revenue will make you pay tax on SB income anyway.

 

[jondoe]

It seems that all the companies now are trying different ways to get traders through the door. If they are not charging desk fees then how are they paying for their overheads? There has to be a catch somewere and for them to match any commissions is just stupid, some of the deals you can get now from say Refco or Fortis are so cheap there is no way this company can make money.

Doesn't seem to add up somehow