Forex broker Pepperstone has launched spread betting in the UK.
It’s a fairly sensible move as it brings Pepperstone’s online trading inline with other major brokers like IG, CMC Markets and City Index who also offer spread betting alongside CFDs.
The key difference between spread betting and CFDs is that as financial spread betting is structured as a bet, profits are tax-free (of capital gains tax).
Spread betting and CFD trading essentially offer the same benefits, i.e. being able to trade on margin and not actually owning the underlying instrument. Unlike buying the actual physical shares through a stockbroker you also don’t have to pay stamp duty on purchases.
In the past CFD trading was reserved for larger accounts as you can trade DMA CFDs and place orders directly on exchange, however, as the tax benefits of spread betting are not available anywhere else in the world CFDs gradually because the default product for smaller traders.
Pepperstone’s Spread Betting Offering will include:
- 150+ instruments to trade
- Access to industry-leading platforms MT4 and MT5
- Low latency, lightning-fast execution
- Consistently competitive spreads
- Automated trading when you build your own trading strategies
You can compare spread betting with Pepperstone to other forex spread betting brokers here.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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