The major difference between broker forex & spread betting is that
with spread betting you do not need to deposit more money than you
are prepared to lose. eg. stop loss 100 pips, pip value 50pence/pip,
deposit 100 x 50 = £50.
If pip value is £1 deposit £100, etc.
When trading forex with a broker you would need to deposit a much
larger sum to cover margin.
I have not found a spread better though which trades below 50p/pip
(approx. 80cents/pip) even though IG index allows a 6 week "training"
period where the pip value increases incrementally upto 50p/pip.
So for training purposes it would be best to open a demo account with
a forex broker, Oanda, FXPro, et al, learn to trade a profitable system,
then open a spread betting account & trade that.
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