trading SP500 in the US and UK - Key differences

[jigga]

Hello,

So i noticed that when trading on the SP 500 in the US, it is traded via contracts. You can choose to trade any number of contracts based on how much money you have in your account. My questions are;

1) Does the concept of contracts and margins come into play when trading the SP 500 in the UK?  eg an emini sp500 contract is 50 USD

2) When trading (either via CFD or spreadbetting ) is it possible to choose to take profit at , say 1 pt ( 4 ticks) ?

3) In the IG Trading platform, i noticed that before taking a trade one has to fill out some options. This seems cumbersome. Are their options for 1 click trading where my exit strategies are preset eg take profit at 4 ticks, stop loss at 8 ticks has been preset.

 

Thanks