All I wonder if you can help with this question?
I am based in the UK still new to Forex Trading and learning various things on demo accounts while making use of the fantastic content here on Babypips.
I believe that the a Spread betting account is tax free whereas a CFD account has tax impications (in the UK).
I believe that both spread betting and CFD accounts can be used to trade FOREX. So my question is that given that Spread betting is tax free in the UK why would I not want to trade FOREX on a spread betting account ?
Also I have 2 demo accounts and I know when I set them up I wasn’t asked to choose between a spread betting account and a CFD account so am I safe to assume that they would be spread betting accounts?
Many thanks