I am using CMC for spread betting and am very happy with them for stocks/indices/commodities.
Last week I shorted bitcoin with them. Trade is doing well but I am concerned because:
1. It is not possible to have a guaranteed stop
2. I am unable to close my position from Friday night to Sunday night (because it is outside of their trading hours)
3. If I want to go long on bitcoin, the (annualised) overnight charge is a whopping 35% - my credit card is cheaper!
4. I am forced to use 2:1 leverage so I cannot avoid the overnight charge
Is there another broker that has better flexibility on these 4 issues?
I want to use spreadbetting for the tax advantages
Last week I shorted bitcoin with them. Trade is doing well but I am concerned because:
1. It is not possible to have a guaranteed stop
2. I am unable to close my position from Friday night to Sunday night (because it is outside of their trading hours)
3. If I want to go long on bitcoin, the (annualised) overnight charge is a whopping 35% - my credit card is cheaper!
4. I am forced to use 2:1 leverage so I cannot avoid the overnight charge
Is there another broker that has better flexibility on these 4 issues?
I want to use spreadbetting for the tax advantages