UK Based Spread Betting Firms

[MaxAndRuby]

Does anyone know whether deposits at UK based spread betting firms are guaranteed by the UK government in the event of company failure?

[limpsfield]

http://www.igindex.co.uk/spread-betting/strength-s...

[MaxAndRuby]

limpsfield said:

http://www.igindex.co.uk/spread-betting/strength-s...

Obviously I wasn't canny enough to check the website of my spread betting firm

Pistonheads - OTHER websites matter aswell.

Thanks Limpsfield.

[MaxAndRuby]

While you're on....

At which point do your customers switch from IGIndex to IGMarkets?

Why trade CFDs when spread betting is tax free?

Sorry if there's already an explanation for this on your website, but I can't find it.

Thanks.

[limpsfield]

Most don't - there's no real reason why one should for most of us. CFDs are the same as spread betting apart from the tax angle - the only benefits that I could see are if you really wanted DMA level 2 access for trading equities otherwise carry on with spread betting.