Spread betting also happens to be available as a tax free solution only in the UK. Since cfd and btc are international it allows for a tax free trading approach everywhere!
Actually, if your customers don't declare their earnings that is tax evasion and can lead to imprisonment.
I don't understand what you mean lower cost or execution[/b], since the spreads we have are fixed, there are no commisions on our side and the execution time is fast.
Your commission is the spread. For example, for the S&P 500 you have a contract multiplier of x50 which is the same as the Emini S&P 500 on CME. You have a minimum price increment of 0.01 and a spread of 100 making 1.00 points or a cost of $50 for equivalent size as the futures. I pay less than $4 round turn to trade the futures and with a minimum price increment of 0.25 (value $12.50) I can be out with a profit on one tick while trading with you I would still be $37.50 down.
Your execution time is fast claim is one thing, but I'm yet to see anything on any CFD/Spread betting platform that comes remotely close to trading on a platform like Trading Technologies or Jigsaw/Rithmic in terms of speed or ease of use.
Also the part about trading against our clients does not really apply either. We cannot manipulate the market we can only make sure that our positions are hedged. If your preferences are different, regarding trading, it does not mean that the millions of people trading in forex could not get advantage of a "marriage" with btc!
Well, we hope it doesn't apply but with no regulator to oversee it, we only have your word.
I'm sure you will find many forex traders that will love your service but the news I have been waiting for just came out.
CME Group Inc. has announced it will introduce trading in bitcoin futures by the end of the year.