Might be of interest to some is the UK model that has CFDs and 'Spread Betting' which are essentially the same thing but with different tax laws.
The broker IG started a gold spread betting service immediately after the Bretton Woods agreement in 1974 allowed public trading in gold (other assets came later). So rather than own actual gold punters could bet on gold price movements using a sports betting model and this all came under the gaming commission jurisdiction and so was tax free.
CFDs were created in the 1990s primarily as a means to hedge asset holdings. So asset holders could take out a low cost CFD which could cover the loss of their asset if price dropped. If the price went up as expected then the loss on the CDF could be set against the tax on the profit gain of the principle asset.
Spread Betting companies saw that SB could easily be transitioned to a CFD platform and still remain in the gaming jurisdiction. So in the UK we have Spread Betting which is non-taxable and CFD trading which is taxable though both operating on a near identical platform.
Well said, Ogee.The broker IG started a gold spread betting service immediately after the Bretton Woods agreement in 1974 allowed public trading in gold (other assets came later). So rather than own actual gold punters could bet on gold price movements using a sports betting model and this all came under the gaming commission jurisdiction and so was tax free.
CFDs were created in the 1990s primarily as a means to hedge asset holdings. So asset holders could take out a low cost CFD which could cover the loss of their asset if price dropped. If the price went up as expected then the loss on the CDF could be set against the tax on the profit gain of the principle asset.
Spread Betting companies saw that SB could easily be transitioned to a CFD platform and still remain in the gaming jurisdiction. So in the UK we have Spread Betting which is non-taxable and CFD trading which is taxable though both operating on a near identical platform.
It's rather ironic that spread betting was invented in the US and then banned in the US. I don't know whether CFD's ever even got off the ground in the US because CFD's are banned in the US too. I'm amazed to learn that the UK imposes no tax on gambling prizes. If these instruments were legal in the US, they would generally carry a 50% prizes and awards tax liability.
Also, I formerly traded with IG US and I joined their in-house discussion forum. After seeing other overseas forum members posting about massive slippage and rejected trades, I warned them that spread betting and CFD dealers are basically casinos because they are not connected to any interbank market and hence, not connected to any greater liquidity pool. I went on to say that when a trader places an order with a spread betting or CFD dealer, a sufficient number of other traders must be participating with that specific dealer in order for that order to execute efficiently--if the number of in-house participating traders is insufficient, massive slippage and rejects result. The high intraday volatility of CFD's may appear very attractive at first, until we realize that the cause of it is low liquidity.
I should note that the aforementioned IG forum was hosted and maintained by IG UK. They obviously did not take kindly to my knowledge spreading because they immediately banned all US traders from their forum in response.
Statistics: Posted by JohnnyRy — Wed May 22, 2024 1:41 am — Replies 5 — Views 248
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Statistics: Posted by lukgoku — Wed May 22, 2024 1:17 am — Replies 15277 — Views 3836259
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Is Madrid better than Awesome? It seems not..... 
2024-05-21 23 26 29.png
Yes, the code is somewhat similar, but to each their own. Maybe some prefer Madrid over Awesome or vice versa think it's up to the individual trader. Awesome is pretty much the same as a sloping Macd, Stochastic pretty much the same as Wpr, and on and on. 2024-05-21 23 26 29.png
Statistics: Posted by mrtools — Wed May 22, 2024 1:07 am — Replies 1281 — Views 517028
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Statistics: Posted by JohnnyRy — Wed May 22, 2024 12:36 am — Replies 235 — Views 9205
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fire it fire ittt 
,thinking to close exposed to market,will jump ,but I am happy with profit
Statistics: Posted by charli — Wed May 22, 2024 12:30 am — Replies 835 — Views 42684
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Statistics: Posted by WOLF — Wed May 22, 2024 12:10 am — Replies 3301 — Views 376931
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Discover more payout proofs here
https://shorturl.at/ksW78#TradersWithEdge #SuccessStories #TradingWins
Statistics: Posted by TradersWithEdge — Tue May 21, 2024 11:37 pm — Replies 66 — Views 8702
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I hope that's all. weekly - both indicators need to be adjusted...
Please kindly share some signalsStatistics: Posted by Ssekajoe — Tue May 21, 2024 11:26 pm — Replies 1229 — Views 95345
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Second Trump trial falling apart due to the corruption of those involved with the prosecution.
This is the third case facing an indefinite delay (will probably never be heard) and the 4th collapsing into chaos with a 'star witness' who has been forced to admit to lying and thievery in front of the jury.
Statistics: Posted by Ogee — Tue May 21, 2024 9:04 pm — Replies 705 — Views 61764
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The goal of the Madrid Trend Squeeze is to showcase the most lucrative areas within a trend. However, it was challenging to interpret. Fortunately, our head coder Mrtools has developed a new "Lines" feature to assist traders in identifying entry points: post1295541964.html#p1295541964
Statistics: Posted by Jimmy — Tue May 21, 2024 7:23 pm — Replies 1932 — Views 1669538
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Most westerners take the Russian view straight from Zelensky, EU and Biden admin propaganda so it's worth skipping that for a change and to listen to what the Russians are actually saying.
Statistics: Posted by Ogee — Tue May 21, 2024 6:44 pm — Replies 2868 — Views 174463
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Statistics: Posted by boytoy — Tue May 21, 2024 4:56 pm — Replies 4 — Views 1897
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Its the royal scalper that sucks
thank u sir i will definately try to look in it.
Statistics: Posted by virupatel — Tue May 21, 2024 4:33 pm — Replies 1550 — Views 508689
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https://vigilantnews.com/post/300-pages ... vid-shots/
DNA Contamination in Pfizer COVID Shot 500 Times Permissible Level: New Study
https://www.infowars.com/posts/dna-cont ... new-study/
Statistics: Posted by Ogee — Tue May 21, 2024 4:10 pm — Replies 32 — Views 1570
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Released date: July 30th, 2020
jeanlouie said:
You can now choose font size, font type (Arial etc) and font color for both support n resistance, they'll change each other if the text switches from s to r.
[ORT] Supply_Demand_v3 nmc_font-edit.mq4
Downloaded 836 times
Please use this version. It crashes less.[ORT] Supply_Demand_v3 BT.mq4Downloaded 40 times 67.15 KiBjeanlouie said:
You can now choose font size, font type (Arial etc) and font color for both support n resistance, they'll change each other if the text switches from s to r.
[ORT] Supply_Demand_v3 nmc_font-edit.mq4
Downloaded 836 times
Statistics: Posted by Banzai — Tue May 21, 2024 3:04 pm — Replies 809 — Views 487572
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