Thmsshaun
MB Enthusiast
- Joined
- Sep 23, 2004
- Messages
- 2,630
- Location
- Ontario, Canada
- Car
- 2009 C300 4Matic, 2012 Kia Sportage, 2015 Triumph Tiger800 XCX
CFD's just seem like far too much risk. Why do it if you can't afford it. In my view you are much better off just buying the underlying share. You know exactly where you stand then.
Also CFD's are much better suited to short term trades because of commission charges.
With CFD's you do have the added advantage of being able to short sell.
Another alternative is spread betting. Free of capital gains as it is classed as gambling although this is a leveraged product and works in much the same way as a CFD.
Can be useful for doing a bit of range trading. This is also only really suited to shorter term trades as the Bid - Ask spreads get much wider the longer the period of time.
I initially traded with Barclays but now using TD a lot more as they don't charge and ISA fee and they have better rates for international trades.
Also CFD's are much better suited to short term trades because of commission charges.
With CFD's you do have the added advantage of being able to short sell.
Another alternative is spread betting. Free of capital gains as it is classed as gambling although this is a leveraged product and works in much the same way as a CFD.
Can be useful for doing a bit of range trading. This is also only really suited to shorter term trades as the Bid - Ask spreads get much wider the longer the period of time.
I initially traded with Barclays but now using TD a lot more as they don't charge and ISA fee and they have better rates for international trades.