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Best U.K Broker?

  • #1
  • First Post: Dec 4, 2009 6:57pm Dec 4, 2009 6:57pm
I'm intrested in hearing from u.k based traders,who do you think are the best u.k based brokers to deal with.
The broker i'm currently with uses fixed spreads eur/usd 4 pips and cable 5 pips, needless to say,i think their way to hgh.
Is alpari u.k based,and what are their spreads like (for standard lotts) and are the spreads fixed ?

Regards Alb
  • #2
  • Dec 4, 2009 7:56pm Dec 4, 2009 7:56pm
You should consider the spread betting companies...cmc markets, ig index. Spread from 1-2 pips. I'm from the uk, and I spread bet, but I use prospreads, which is better for scalpers (ie they let you scalp), but they have high margin requirements, not ideal for your usual, underfinanced forex trader.

WE DON'T PAY TAX IF WE TRADE THROUGH A SPREAD BETTING COMPANY.

Hope this helps.
  • #3
  • Dec 5, 2009 4:33pm Dec 5, 2009 4:33pm
Quoting emios
You should consider the spread betting companies...cmc markets, ig index. Spread from 1-2 pips. I'm from the uk, and I spread bet, but I use prospreads, which is better for scalpers (ie they let you scalp), but they have high margin requirements, not ideal for your usual, underfinanced forex trader.

WE DON'T PAY TAX IF WE TRADE THROUGH A SPREAD BETTING COMPANY.

Hope this helps.
Those tax implications appeal to me,what are the margin requirements,would £20 grand suffice,and whats the main differences between spread trading forex and normal forex trading
  • #4
  • Last Post: Dec 10, 2009 6:00pm Dec 10, 2009 6:00pm
Quoting arrowloopboy
I'm intrested in hearing from u.k based traders,who do you think are the best u.k based brokers to deal with.
The broker i'm currently with uses fixed spreads eur/usd 4 pips and cable 5 pips, needless to say,i think their way to hgh.
Is alpari u.k based,and what are their spreads like (for standard lotts) and are the spreads fixed ?

Regards Alb
Only UK citizens can "spread bet"
Regards

Peter
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