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fx broker vs spreadbetting firm

  • 22-04-2014 10:19am
    #1
    betonit
    Registered Users, Registered Users 2 Posts: 526 ✭✭✭


    Hi,
    can someone tell me the difference from a trading point of view between someone like fxpro and a spreadbetting firm. The same risk , cost and trading ability involved right? can anyone recommend either please, thanks


Comments

  • #2
    strmin
    Registered Users, Registered Users 2 Posts: 315 ✭✭strmin


    Advantage of most fx brokers is that you can trade micro lots. If you have a lot of capital to begin with and you know what you doing go for spreadbetting. It is tax free in Ireland.


  • #3
    betonit
    Registered Users, Registered Users 2 Posts: 526 ✭✭✭betonit


    strmin wrote: »
    Advantage of most fx brokers is that you can trade micro lots. If you have a lot of capital to begin with and you know what you doing go for spreadbetting. It is tax free in Ireland.

    thanks for that. Fxpro dont have a dealing desk so not at the other side of the trade, not market makers . Is the possible conflict of interest with spreadbetting a concern?
    Do you trade fx? if so with who. Thanks again


  • #4
    strmin
    Registered Users, Registered Users 2 Posts: 315 ✭✭strmin


    betonit wrote: »
    thanks for that. Fxpro dont have a dealing desk so not at the other side of the trade, not market makers . Is the possible conflict of interest with spreadbetting a concern?
    Do you trade fx? if so with who. Thanks again

    I use Alpari. Make sure you pick account what is right for you.


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