Below is a post I wrote in another Babypips forum. It would be great if you could let me know your thoughts on the first two questions - I’m trying to find out about the pros and cons of spreadbetting forex in the UK as opposed to other possibilities. Thanks.
Hi. I’m planning on opening a couple of demo accounts and was wondering if anyone has any thoughts on the best options for someone based in the UK. I have 3 questions:
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As I understand it, any gains from spreadbetting are exempt from taxation in the UK - does anyone know if this is in fact correct?
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Should I definitely be spreadbetting forex if I’m in the UK (pros and cons)?
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Which are the best brokers offering a spreadbetting facility?
Thanks.
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