Can't open CFD account

[Guest Orbital]

Hi,

I can open a CFD account my only option is to open a share trading account. Been looking for an answer can seem to find one

Thanks

[dmedin]

You need to be a professional investor / industry insider and / or have £500,000 to open a CFD account.  I suspect having at least £500,000 to deposit is given the greater weight.

Edited October 2, 2019 by dmedin

[Caseynotes]

On 25/09/2019 at 12:41, Guest Orbital said:

Hi,

I can open a CFD account my only option is to open a share trading account. Been looking for an answer can seem to find one

Thanks

 

10 minutes ago, dmedin said:

You need to be a professional investor / industry insider and / or have £500,000 to open a CFD account.  I suspect having at least £500,000 to deposit is given the greater weight.

Don't understand the question but a CFD account is similar to a spread betting account but with different tax liabilities. You only need the 500k or industry experience if you want to be registered as a professional and so have access to greater leverage. Because SB and CFD are leveraged there is a higher qualifying bar than that of a share dealing account such as min  income and savings.