Now that the UK is no longer part of the Eurozone, it is important to be aware that not all brokers can offer spread betting services to Irish clients. The primary difference between spread betting and CFD trading is that Ireland tax laws do not require traders to pay Capital Gains Tax (CGT) on spread betting profits.
Similar to the way trading CFDs work, spread betters can speculate on the price movements of different financial instruments with the benefit of not having to buy or sell the physical underlying asset. If you are based in Ireland or the United Kingdom, spread betting may be a more tax-efficient approach to leveraged trading than traditional CFD trading.
