Example: Buying Vodafone
It is now early November and our quote for Vodafone is 106.10 / 106.20 pence. You think the share price is cheap and decide to buy £100/point at 106.20 to open a position. Our intuitive deal ticket shows that your position is equivalent to 10,000 shares.
A few days later, Vodafone announces a £1bn savings plan. The market welcomes the news and our quote for Vodafone shares has jumped to 116.80 / 116.95. You close your position by selling £100/point at 116.80.
You have just made a profit of £100 x (116.80 – 106.20) = £1060, and it’s completely tax free.*
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* Spread Betting is currently free from Capital Gains Tax (CGT) and there is no stamp duty. It should be noted that tax treatment depends on your individual circumstances and may be subject to change in the future. You are unable to offset any losses against capital gains for CGT purposes.
23-8-2010
Introducing the new FXLRmarkets ...
We are delighted to inform you that FXLR has just launched its own trading platform, and as a valued FXLR member you can claim ... readmore
RiskWarning
Spread Betting, CFDs and Forex are high risk investments and it is possible to lose more than your initial deposit. Spread Betting, CFDs and Forex are not suitable for all investors and you should ensure that you understand the risks involved and, if necessary, obtain independent financial advice to ensure that these products fit your investment objectives. *Tax law can be changed or may differ if you pay tax in a jurisdiction other than the UK. FXLRmarkets is a trading name of Gekko Global Markets Ltd. Gekko Global Markets Ltd. is a company registered in England and Wales under register number 03148972. Gekko Global Markets Ltd. is regulated and authorised by the Financial Services Authority, FSA Register number 184333.