You need to consider the means of access to the market also. Financial spreadbetting is exempt from personal taxation in the UK: CFD trading is subject to CGT, whether you are a day-trader or a casual trader.I can't believe I read all the thread and am still confused lol. If you trade daily as a day trader you pay income tax or if through a company corporation tax, right? CGT only applies if you are classified as causal trader or as investor. This sucks, anyone experienced with ltd setting up with either IB or ii?
If you set up a limited company through which you make spreadbetting gains, its possible that you would lose the advantage of personal exemption from taxation on these profits - in effect, the SB gains would no longer be your personal profits, they would be the company's profits, so you might end up paying tax as a result.