Spread Betting VS CFD

[BASA]

Hi, I have been reading all the relevant information on SB vs CFD but I legitimately can’t see any reason why a CFD is more beneficial than spread betting, for example a chap on here traded 2 CFDs closed both for 000.1 profit but expended £40 on commission to place the trades, I would just like to know if anyone can provide a few tangible benefits of using CFDs as opposed to spread betting.

 

thanks

[BASA]

Thank you

[Caseynotes]

21 minutes ago, BASA said:

Hi, I have been reading all the relevant information on SB vs CFD but I legitimately can’t see any reason why a CFD is more beneficial than spread betting, for example a chap on here traded 2 CFDs closed both for 000.1 profit but expended £40 on commission to place the trades, I would just like to know if anyone can provide a few tangible benefits of using CFDs as opposed to spread betting.

 

thanks

Hi, Spread Bets are a type of CFD that are only available in the UK. When buying shares both SB and CFDs have the commission charge as do shares bought on the non-leveraged Share Dealing platform.

[dmedin]

Very simple, use CFD if you want to offset losses against your tax liability 😻

[BASA]

Sorry for my naivity can you explain "offset losses against tax liability?

[dmedin]

2 minutes ago, BASA said:

Sorry for my naivity can you explain "offset losses against tax liability?

 

If you lose money on CFDs you can pay less tax on any other investments you have.

[BASA]

Thank you so much, I understand now,