Manual Trades – 5 Secs TF

• 11/06/2022 at 9:31 AM #203617
  shug

  No CFD’S daily cash I trade yes Tax free in uk its classed as gambling

  

  shug

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  11/06/2022 at 9:38 AM #203618
  shug

  It is tax free until you pull money out of your account and buy anything with it, then you pay the tax man on every item you buy, so, its not exactly tax free so to speak! tax man wins every trade lol

  

  shug

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  11/06/2022 at 9:42 AM #203619
  shug

  Hows your trading ? hope its good

  

  shug

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  11/06/2022 at 12:11 PM #203626
  snucke

  if you trade “cash” you are trading CFDs, there are no other option except futures

  

  snucke

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  11/06/2022 at 1:18 PM #203627
  PeterSt

  … which are also CFDs with IG (as far as I know) …

  

  PeterSt

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  11/06/2022 at 1:20 PM #203628
  shug

  https://www.cmcmarkets.com/en-gb/account-specifications

  

  shug

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  11/06/2022 at 1:22 PM #203629
  shug

  https://www.cmcmarkets.com/en-gb/spread-betting

  scroll down this page and read it

  

  shug

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  11/06/2022 at 1:23 PM #203630
  shug

  s spread betting tax-free in the UK?

  Spread betting is tax-free in both the UK and Ireland*, which means that if you are situated in either of these locations, you will not have to pay extra charges. However, tax treatment depends on individual circumstances and tax laws are subject to change.

  Spread betting is tax-exempt in the UK and Ireland, so no stamp duty or capital gains tax is required to be paid or reported to the HMRC on profits made. Spread betting is considered a speculative bet instead of an investment, and so it is treated in the same regard as a gambling activity.

  Please note that spread betting isn’t available outside the UK or Ireland. If you are looking for a more suitable product, then we also offer contracts for difference (CFDs), which are available globally. Read more about trading CFDs​ with us.

  

  shug

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  11/06/2022 at 1:24 PM #203631
  Eric

  77% of retail investor accounts lose money when trading spread bets and CFDs with this provider

  https://www.ig.com/uk/glossary-trading-terms/dfb-definition

  And still

  IG Group Holdings plc has published its trading report for the financial year 2022 ended on 31 May 2022.

  During this period, the company saw a 16% jump in net trading revenue. The total number reached £972.3 million, compared to the previous year, when it was £837.3 million.

  https://www.leaprate.com/forex/brokers/ig-group-sees-16-increase-in-revenue-in-fy22/

   

   

   

  

  Eric

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  11/06/2022 at 1:27 PM #203632
  shug

  Spread betting tax explained

  Spread betting’s unique benefit is that it is exempt from capital gains tax and stamp duty. When compared to conventional share trading and CFD trading, spread betting is the only product to offer tax-free trading in the UK and Ireland.

  

  shug

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  11/06/2022 at 1:31 PM #203633
  shug

  I thought it was a higher % than that Uck well I won’t fall into that % anyway I have took my initial investment out long ago

  

  shug

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