I've been trading shares, options and CFDs using Interactive Brokers since 2007 and have reached a point where I now need to start paying UK Capital Gains Tax. So, I'm thinking of returning to spread betting in order to keep more of my profits.
One thing I find surprising (and perhaps a little sad) is how spread betting firms boast about the leverage you can use but its very hard to find out what their financing charges are. IG I think are +/-2.5 above Libor which compares badly to IB which is +/-1.5.
Do any spread betting forms offer competitive financing rates (in reality, the biggest costs for spread betters who don't just day trade)? A decent charting package with volume would be a plus.
Does such a firm exist?
Thank you
One thing I find surprising (and perhaps a little sad) is how spread betting firms boast about the leverage you can use but its very hard to find out what their financing charges are. IG I think are +/-2.5 above Libor which compares badly to IB which is +/-1.5.
Do any spread betting forms offer competitive financing rates (in reality, the biggest costs for spread betters who don't just day trade)? A decent charting package with volume would be a plus.
Does such a firm exist?
Thank you