London Stock Exchange

Discussion in 'Prop Firms' started by jtddd, Jul 14, 2006.

  1. jtddd


    how can I get access to trade stocks on the LSE? are prop firms from London the only ones that offer this?
  2. just21


    Interactive Brokers but thereis 0.5% tax on every purchase. To avoid tax trade cfd's.
  3. jtddd


    so you can trade LSE hours using IB? does the tax make it prohibitive to trade?
  4. mnx


    swifttrade offers LSE... they somehow get around the .5% tax...

  5. Mr B

    Mr B

    Deltaindex in Ireland does spreadbetting.

    Barclays stockbrokers offers cfds.

    I've traded UK equities before (longer term), and the 0.5% is a pain in the ass. also: spreads pretty bad.
  6. Use cfd's for DMA (stamp duty free)

    The spreads depend on the share. 1000p+ = 1p spread. 500-1000p = 0.5p spread. < 500 = 0,25p spread or 0.1p for very cheap shares.

    Coms are much higher than US rates. Expect to pay at least 6bps per CFD trade.