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On the tax issue, I thought that stamp duty (regardless of what an earner it is) was a legal charge to verify a change of ownership. Stamping contracts when moving house, for example, or on the change of ownership of physical shares. Because the CFD is a synthetic vehicle, there is no...

Firstly, for psytrade, the stats I've heard are that it's between 30-40% of daily trade. Made up largely of Hedge fund trading. Clearly the downside risk is equal to the upside gains. I use stops of between 1-2.5% depending on the volatility of the stock. I can't understand why they're...

AK100, Do you have a web link for those brokers? Couldn't find them on a google search....

AK100, I think we're just going to have to agree to disagree here fella! Granted, the way you break it down, the %age of comms Vs margin employed does seem a little on the high side, on the flip side I get massive exposure for minimal outlay. Leverage is never going to be provided for...

I agree to an extent with AK100, but also, to an extent, I don't. It would be a shady provider that isn't upfront about costs, and a mug trader to not know what s/he's getting involved with. Clearly there's nothing free in the market, but where leverage is offered cheaper elsewhere, it's...

I'm not sure if that reference is to CFDs or to the underlying stock? :confused: 'Normal' broker? The CFDs I trade have 'market' spreads, which are based on the SETS level 2 order book. No stockbroker can offer different prices. There are some less scrupulous market makers out there who...

Forgot to mention, my broker's called Paul. Cracking lad who performs well. Have a chat to him :D Spud54

I've been trading CFDs with Blue Index for about 6 months. check them out www.blueindex.co.uk I've actually got 2 accounts there. 1 on 10x leverage (10% margin requirement) and 1 on 20x leverage (5% margin). You can get demo platforms for each before opening. I did loads of research...