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Spread Betting VS CFD

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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

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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.

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

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

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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.

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Thank you so much, I understand now, 

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