paul_ruggeasey
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Hi,
I am planning to open a CFD account with part of my SIPP to trade Forex CFDs. The advantage is it will be tax free because it is within the pension fund. I now have agreement from the pension provider to do this, but I need to find a good broker who runs this type of scheme. IG Index was my first choice, but they do not offer Forex CFDs under a SIPP, only equities or indices.
I would be very grateful for any guidance or recommendations about this, specially if anyone is already doing this.
So far I have experience trading a small SB account, mostly using IG Index but have spreadbet with Finspreads, CityIndex and CMC. I believe I may be able to use ODL or CMC but have not investigated them in detail yet.
Thanks in advance for any advice / experiences.
Paul R
I am planning to open a CFD account with part of my SIPP to trade Forex CFDs. The advantage is it will be tax free because it is within the pension fund. I now have agreement from the pension provider to do this, but I need to find a good broker who runs this type of scheme. IG Index was my first choice, but they do not offer Forex CFDs under a SIPP, only equities or indices.
I would be very grateful for any guidance or recommendations about this, specially if anyone is already doing this.
So far I have experience trading a small SB account, mostly using IG Index but have spreadbet with Finspreads, CityIndex and CMC. I believe I may be able to use ODL or CMC but have not investigated them in detail yet.
Thanks in advance for any advice / experiences.
Paul R