UK Residents ONLY: FXCM UK LTD offers Spread Betting solely on trading FX currencies. An FXCM Spread Bet account is the same as an FXCM forex account with the added tax benefits. The minimum to open a live account is 300 GBP.
■ No Re-quotes
■ No Capital Gains Taxes for UK Residents*
■ Never Pay Debit Balance as a Result of Trading
Every time you trade a spread bet with FXCM, we will trade in an underlying market to hedge your bet on a one-to-one basis. If you open a long spread bet in EUR/USD, for instance, FXCM will take a corresponding long position in the same currency pair. Therefore, from the time of the trade confirmation, the outcome of your trading has no effect on FXCM's profit or loss.
No Re-quotes from FXCM
For optimum trade execution, Spread Bet accounts use back-to-back execution model, variously called "agency execution" or "No Dealing Desk" execution. After you send FXCM an order, your position is executed as soon as our hedge is established. This means that the order you placed is filled without re-quotes during most market conditions.
Many market makers issue re-quotes, and sometimes for legitimate reasons. But re-quoting carries the potential for conflict of interest between the market maker and the client. If a market-making firm finds it cannot make money on your trades, it may provide you with an aggressive re-quote, regardless of the true market price.
To avoid any conflict, FXCM will never re-quote you another price. Our dealers simply ensure that every client order we receive is hedged. Since all spread bets are hedged real-time in their various underlying markets, FXCM's spread can vary.
source:http://www.fxcm.co.uk/forex-spread-betting.jsp
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