Different trading accounts on offer

fxrookie24

Junior member
23 0
Can someone please tell me what kind of trading account you can get and what the main differences are in layman terms? Am coming across all these different sites but the terminology really goes over my head!!

Would be greatly appreciated; the key differences between CFD, Spread betting accounts (are there any more account types out there?!

Thanks
 

lucas_king

Member
96 3
In very simple terms, there are 3 main types of accounts - Shares, CFDs and Spreadbetting.

Shares – traditional style of trading / own shares / paid stamp duty / only go long

CFDs – Trade on margin/leverage / don’t own shares / can go short

Spreadbetting - Trade on margin/leverage / don’t own shares / can go short / tax free profits

There are lots of arguments for each product, I have used all 3 and they all have their positives and negatives, however I would recommend CFDs or spread betting over physical shares.
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock