========================================================SBing is called SBing because it's a bet, not a trade, because the SB prices are only indicitive. You are not exchanging contracts with anybody!
But if you don't understand how the markets work, both DMA and SB, are about as much use as t*ts on a snake.
kinda thought we were just gonna put this one to bed, so ill say it once more ---
IT DOESNT MATTER !
only one fact matters here, besides the profit, and thats with the laws in the UK --- if you make 30 million pounds a year, you still cant go to a bank and get a mortgage cause youre a "gambler" and not viably employed.
of course, make that much and just buy the silly house !
in the states, sb's are called "brokers" and you pay taxes on your profits, which you can offset with your losses and any other business expenses.
Direct access is readily available, and as i understand it, much cheaper for entry than you peeps !
semantics and legal definition make spread betting "gambling", and the NO taxes thingie is WONDERFUL, but of WHAT real discussion is it --- the MONEY is the reward, and one can get it in either manner !