Hi
I am looking for a broker to trade FX that offers spreadbet with a True ECN. I am able to use the tax advantages of spreadbetting in the UK. I have accounts with Interactive Brokers (IB) & LMAX. Both are true ECN (although LMAX term is a multilateral trading facility) but spreadbetting is not offered. What I mean by this is there is an actual order book that you can place orders in and they are not dealer based brokers and a commission is levied per trade. I also have an account with IG who offer spread bet but this is a dealer based quote system. I therefore cannot place orders into the market or book. The execution on IB & LMAX is excellent but not spreadbetting.
Are there any brokers that offer a true ECN in a spread bet format or does this not exist?
Also note I know there are a lot of brokers out their who label themselves 'true ECN' or 'NDD'. My understanding is that this is not the same things, they are dealer based brokers who are using an ECN to price their dealer quotes. So you cannot enter bids or offer orders into the market.
Thanks in advance
advance Happy New Year
I am looking for a broker to trade FX that offers spreadbet with a True ECN. I am able to use the tax advantages of spreadbetting in the UK. I have accounts with Interactive Brokers (IB) & LMAX. Both are true ECN (although LMAX term is a multilateral trading facility) but spreadbetting is not offered. What I mean by this is there is an actual order book that you can place orders in and they are not dealer based brokers and a commission is levied per trade. I also have an account with IG who offer spread bet but this is a dealer based quote system. I therefore cannot place orders into the market or book. The execution on IB & LMAX is excellent but not spreadbetting.
Are there any brokers that offer a true ECN in a spread bet format or does this not exist?
Also note I know there are a lot of brokers out their who label themselves 'true ECN' or 'NDD'. My understanding is that this is not the same things, they are dealer based brokers who are using an ECN to price their dealer quotes. So you cannot enter bids or offer orders into the market.
Thanks in advance
advance Happy New Year