Pepperstone launches financial spread betting in the UK

Pepperstone Spread Betting

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.

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Trading Risk Warning

ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”