Financial Spread Betting
Trading in contracts for difference (‘CFDs’) and financial spread betting, which allow customers to make bets based on movements in the financial markets, are some of the fastest growing retail financial instruments in the world.
Customers are offered access to a large variety of instruments including indices, commodities, foreign exchange pairs and equities and have the ability to trade with a margin account, starting from just 1 per cent. in many markets.
Spread betting is a relatively simple way to trade on both rising and falling markets. You can trade indices, shares, currencies and more from a single account. Spread betting offers plenty of advantages of traditional share dealing. You can bet on shares rising or falling, and you don’t pay commission or broker fees. Additionally, in the UK all your profits are currently free from capital gains tax and stamp duty.
The Introduction of the EU Markets in Financial Instruments Directive (‘MiFID’) harmonised regulation for investment services across the 30 Member States of the EEA and allows the provision of MiFID services throughout the EEA on a passport basis. Financial contracts for differences and certain other forms of derivative contract fall within the scope of the MiFID Directive.