Global foreign exchange (FX) broker Alpari (U.K.) is launching spread betting on trading platform MetaTrader 4. In the U.K., earnings from spread betting are completely tax-free. Traders can also backtest, optimize and trade their Expert Advisor strategies on the platform to spread bet FX.
Spread betting enables investors to bet on whether the price of an asset will increase or decrease with added benefits, including exemption of income tax, capital gains tax and stamp duty. Traders will commence spread betting from £0.10 per point, for which they have to open a spread betting account with the firm. Traders can also benefit from the firm’s research tools to make better-informed trading decisions.
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