Financial Spread Betting | mispersonality.com

Firstly, you make a better gross profit in Financial Spread Betting with your stockbroker, but you have to pay stamp duty on the purchase of the stock. You do not have to pay stamp duty on a spread bet. That’s also subject to tax law and you pay commission to your stockbroker buying and selling. You don’t do that with Capital Spreads. You then have to pay tax and, of course, the tax rate can change. It’s currently at 28% for top rate tax payers, so that works out to quite a sizable chunk of your profit gone to the tax fund.

 

With Capital Spreads, there is a financing element for daily rolling contracts, and let’s assume that we’ve done a daily rolling contract here and let’s assume again that we’ve kept the position open for 30 days. So, roughly your financing is going to work out at about a pound a day. I liken this to using the purchasing a house example again.

>>> Financial Spread Betting is an awesome way to make money for people