Automated Forex Trading

Viewing 2 posts - 1 through 2 (of 2 total)
Author Posts
October 21, 2019 at 9:08 am #55867
MHAS Keymaster

Hello I would like to know which are the best UK Brokers for Automated/Algorithmic fast trading where I do not have to make any decisions at all and all trades are automated.

I am interested in Forex because spread betting is not liable to Capital gains Tax – is that correct?

My understanding is that I can expect returns of 15-25% monthly – is that correct?

October 21, 2019 at 9:14 am #55868
Richard Berry Participant

There is no reliable way for retail clients to automatically trade the forex markets. Be very aware of any system, advert, company or educator saying that you can do so. It will most likely be a scam.

Something claiming they can produce you returns of 15% to 25% a month is almost definitely a scam. For more information on forex scams read our update on the FCA here.

Spread betting on forex is currently free of capital gains tax in the UK.

You can read more on why spread betting is tax-free here.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.