Hi all this is my first post and I'm new to forex as a whole.
My question is on why it's best to use a broker over a financial spread betting firm? All profits from betting are tax free in the uk, but as I've never used them I'm wondering if there is a reason why it's worth paying the tax?
This doesn't effect me yet as I'm on a demo account currently, but it's something I'd appreciate feedback on from UK members.
Cheers,
Pete
My question is on why it's best to use a broker over a financial spread betting firm? All profits from betting are tax free in the uk, but as I've never used them I'm wondering if there is a reason why it's worth paying the tax?
This doesn't effect me yet as I'm on a demo account currently, but it's something I'd appreciate feedback on from UK members.
Cheers,
Pete