depending on the market the filling of your order can be very quick or very slow. On liquid stock it is not bad. Surprising the spread isn't actually that different from the underlying market with CFDs and D4F has a nice variety of order types... limit, stop, market, OCO, GTC, Good For Day, contingent orders... no commission. Bad thing about the orders... you can't set it too close to the current price!! Which is very bad in day trading, sometimes it wont allow a valid stop for a good few pence (points) away! But it allows very good gearing for those with limited accounts.... 5% and the interest rate for the loans isn't so bad.
Better to intraday with US stock and indices I reckon. But it isn't that bad overall. Just that the system buggers up every now and then, the support is a bit ****e and sometimes you get slow fills. The market maker is writen in java and is resource intensive for very little! Also, you have to have other orders on their books that match your order! So if you want 100000 shares in something... if there isn't another order or orders with that amount offered, you wont get filled! Unlike the direct access where you will get filled almost guaranteed but the margin is 50%. good thing also with D4F is you can trade US stock intraday like a direct access acount but wont need 25K in your account to do so.
Unless your making a lot of money trendie's positive point about tax isn't so valid. Plus spreadbetting has huge spreads and doesn't necessarily accurately represent the underlying stock. CFDs do.
If tax is going to be a problem... buy a nice villa in spain or move to france! Live in luxury somewhere nice and tax free and never come back to britain! No loss as far as Im concerned. This miserable country with dull weather and a greedy spiteful little government can do what it likes, I'll go somewhere warm and live in a far more affordable property that is 10 times better and not be bothered with thieving taxes everywhere I turn!
Makes sense.... and a lot more fun as a tax avoidance than spreadbetting.
