Advantages & Disadvantages of Spread Betting ๐Ÿ˜Ž

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โœ… Advantages & Disadvantages of Spread Betting
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Advantages and disadvantages of spreadbetting. What is spread betting and why do traders use it? Spread betting is basically a tax-free wrapper (if you’re in the UK) of speculating on the direction of a market.. This could be the direction of an index like the FTSE 100, a currency pair like EUR/USD or an individual stock..etc In simplistic terms you are betting on the price going up or down. Spread betting is very accessible and it provides a way for the average person to get involved in the markets with a relatively small amount of capital.

Benefits and Risks of Using Spread Betting to Trade:

– Tax
– Long + Short – you are able to go long and short.
– Local FX – there is no currency conversion.
– Leverage

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66.6% of retail investors lose money when trading CFDs with this provider*. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. * For the 3 months preceding Oct 2019

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