Can anyone explain,advantage or diadvantage of Forex spread betting, and Forex trading. (Not Tax aspect, but the price, fee, and pips aspect).
Hello Dr. Forex!
See here, particularly Jason Rogers’ answer:
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Can only speak about spreadbetting from using it on Oanda. I used the Oanda forex platform before that. From a general user experience it’s 100% the same as both use the same application. The only difference is that when you look at your account you can see that it has a SB beside it to show that it’s a spreadbetting enabled account.
There’s no additional charges/fees for using a SB account on Oanda. I think the spreads might be a touch wider. Generally with EUR/USD the spread is in the 1.2-1.3 range. GBP/JPY is 3 pips. GBP/AUD is in the 4.5-5.0 range. I think forex platforms have gotten more competitive over the past few years so you could maybe get better deals with forex. But for my non-scalping trading style I don’t care if I’m paying an little bit more in spread considering that I don’t have to pay any tax on my earnings given that I work full time.
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Both the terms correlate but there is a difference in both. To learn in detail, please visit us.
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