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CFD Trading Profit/loss Calculation

Fxplore
May 16 2016 at 12:17
1 posts
As I am new on forex trading. I open a spread bet and a CFD account(UK).
I have a very simple question, like for 1 pound bet(1 mini lot) in spread bet account I get 100 pound for 100 pip profit, where as on CFD account for 100 pip profit I get 69 pound profit.

I know spread bet account is tax-free, my question is on CFD account they deduct 31 pound, Is this 31 pound is only broker charge or its include capital gain TAX. I mean they took capital gain tax aswell or I I still have to pay capital gain tax????

Thanks
Mac

bplsolutionslimited@
AmDiab
Dec 15 2017 at 12:40
718 posts
I think CFDs trading more challenging than Forex instruments! I actually used only Forex currencies in my 1st 2 years of trading! Then I started to use CFDs and Indices! Right now, I use almost 18 trading pairs.

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