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  1. #1
    IvanA is offline Registered User
    Join Date
    Nov 2012
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    4

    Spread betting vs Standard Trading - non UK/Irish/USA resident

    Hi,

    Please clarify for me the following :
    1. I opened a (normal?) demo account using the FXCM trading station links. This account allows me to place simultaneous individual (separate) buy and sell orders in to the market.

    a. Is this spread betting?
    b. If not what is the difference between this type of trading and spread betting.
    c. If so, then as a South African resident what are the restrictions on the type(s) of account I can open?

    Thanks
    Ivan

  2. #2
    Julius at FXCM's Avatar
    Julius at FXCM is offline DailyFX Administrator
    Join Date
    Nov 2010
    Posts
    1,631
    Hello IvanA, and thank you for your post! On behalf of myself and everyone here at FXCM welcome to the forum community!


    What's the difference between a normal account and a Spread Betting account?

    Spread Betting accounts are only available for residents of the UK and Ireland. The only difference between Spread Betting accounts and normal accounts are the tax implications. Please click here for more information.

    If you opened a demo account it was probably a normal Trading Station demo. When you open a demo account through the FXCM LTD (UK) site you are given the option of what kind of demo account you want. If you reside in South Africa you won't be able to open a live Spread Betting account but you can open a normal live account for any platform that FXCM offers.


    Thank you again for your post IvanA! Please feel free to post with more questions or send me an email directly at julius@fxcm.com

    Quote Originally Posted by IvanA View Post
    Hi,

    Please clarify for me the following :
    1. I opened a (normal?) demo account using the FXCM trading station links. This account allows me to place simultaneous individual (separate) buy and sell orders in to the market.

    a. Is this spread betting?
    b. If not what is the difference between this type of trading and spread betting.
    c. If so, then as a South African resident what are the restrictions on the type(s) of account I can open?

    Thanks
    Ivan
    Last edited by Julius at FXCM; 01-21-2013 at 06:58 PM.
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

  3. #3
    IvanA is offline Registered User
    Join Date
    Nov 2012
    Posts
    4
    Thanks Julius

  4. #4
    Julius at FXCM's Avatar
    Julius at FXCM is offline DailyFX Administrator
    Join Date
    Nov 2010
    Posts
    1,631
    My pleasure IvanA, I'm always happy to help!

    -Julius

    Quote Originally Posted by IvanA View Post
    Thanks Julius
    Thank you for being a part of our trading community!

    Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact us directly at help@fxcm.com!

    We look forward to hearing from you!

    FXCM Online Support

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