Hi , wondered if anyone could help me . Im looking for a front end trading platform to trade primarily equity cfd`s . i have used ig markets l2dealer and gni touch which are both good platforms but am looking for something a bit more . im currently looking at : realtick and fidessa i would like something on the same scale as realtick or fidessa although would like to keep costs down to a minimal and as im sure everyones aware fidessa is expensive and realtick as well . any suggestions ? thanks in advance
It's Contracts For Difference. Instead of buying or selling "cash" equities, one trades a rolling non-deliverable forward-type OTC contract, same as with majority of "retail" forex brokers. CDFs are particularly popular in the UK. First, trading them is free fom "stamp duty", stock transaction tax in the UK. Second, trading them as an individual is considered "gambling" and any profits are usually tax-free.