Offshore Spreadbetting firms

adrianallen99

Established member
630 4
I have a friend in US who wants a spreadbetting account, but cannot open one in UK due to regulations and stuff.

Is there any spreadbet firms outside the UK?

He currently uses BOM, but wants something with more flexibilty.

Thanks
 

volatileN

Member
93 0
adrianallen99 said:
I have a friend in US who wants a spreadbetting account, but cannot open one in UK due to regulations and stuff.

Is there any spreadbet firms outside the UK?

He currently uses BOM, but wants something with more flexibilty.

Thanks

Try www.xodds.com or www.otcoptions.com

They are owned by BOM but the product range is not the same.
 

adrianallen99

Established member
630 4
He already uses Xodds and was looking for something different, something more like the traditional spreadbetting firms in UK. Is there anything similar?
 

anley

Senior member
2,730 229
No, and even if there was it's a UK resident tax law that makes them tax-free not the product themselves. For example even if he could open an account with say IG he'd still have to pay taxes on any profits.

The only option open to him is to get a trusted friend to open an account and then pass the profits on. Whoever does this for him should charge him at least 5% of profits. I would also not recommend wiring any profits to him in the US. He'd have to come and pick them up in cash. The IRS make the Inland Revenue look like your best friends.
 
A

aussietrader

0 0
offshore spreadbettingfirm

There is one offshore spreadbetting firm that I know of.

You can read more about them at www.gt247.com I have a mate in South Africa that uses them but have no experience with them myself.

As to whether they take US punters - who knows but might be worth a try.

Good Trading

AT
 

Beach Runner

Active member
128 2
Finspreads have an Italian site, which obviously is run under Italy's regulations. Or is it? Text is Italian but numbers are the same. Dear God, does that sound stupid? Yes. Anyway, not sure this helps, but it's:

www.finspreads.it
 
 
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