According to TD Waterhouse “Our CFD and Financial Spread Betting Service is designed to meet the needs of active traders. It offers exposure to market indices, currencies, individual equities, commodities and market sectors on both UK and International markets.
“CFDs and spread betting have grown rapidly over recent years, offering a number of advantages to active traders who can afford to place a portion of their assets into high risk investments in exchange for potentially high returns. Note that losses can be large as well.
“CFDs and Spread Betting Advantages
Low margin requirements
Leverage – this lets you produce a greater percentage profit or loss from each trade
Hedging – this can help you to protect your portfolio against share price drops
Selling or Trade Short – profit from falling share prices, as well as rising (Trade Long)
No UK stamp Duty*
Financial spread betting is free from UK capital gains tax* “
"CFD trading and financial spread betting typically require the deposit of a small percentage of the total trade value. As the financial outcome is determined by the price movement on the total trade value, profits and losses can quickly exceed the initial deposit and may require additional financing. Ensure you understand the risks as these products are not suitable for everyone. These products are only intended for people who are over 18.
TD Waterhouse CFDs and TD Waterhouse Financial Spread Betting which are trading names of City Index Limited (CI), who is a provider of contracts for difference (CFD) trading and financial spread betting and whose head and registered office is Park House, 16 Finsbury Circus London, EC2M 7EB. For the purposes of CFD trading and financial spread betting any contract is between you and CI and all dealing, administration and settlement is carried out by them and TD Waterhouse Investor Services (Europe) Limited are not responsible for any of the functions they perform. Your account is held with City Index Limited (CI), which is authorised and regulated by The Financial Services Authority (FSA Registered Number: 113942).
TD Waterhouse Trading Account
Phone and online access.
You can invest in UK equities, gilts, bonds, unit trusts, investment trusts, Exchange Traded Funds and OEICs.
Nominee service - TD Waterhouse hold your shares electronically and take care of your paperwork - you remain the beneficial owner.
Cash Management Services automatically settles your trades. You also earn interest on uninvested cash.
A flat commission rate £12.50 when you trade online or just £8.95 if you trade 10 times or more per quarter.
Joint accounts and designated accounts for children are available.
You can trade directly on 16 International Exchanges, 14 of these available online.
The value of your investments may go down as well as up. You may not get back all the funds that you invest.
TD Waterhouse Self-Select ISA
The TD Waterhouse Trading ISA is a self select, stocks and shares ISA. It offers a wide range of investment choices. It puts you in control of your portfolio and, at the same time, protects your growth from Capital Gains Tax.**
You can tailor your investments to match your own appetite for risk by choosing from:
UK and international shares, gilts and bonds, unit trusts, investment trusts, Exchange Traded Funds and OEICs
Why use the TD Waterhouse Trading ISA?
No initial set-up fee
£0 annual account administration fee for account valuations of £3,600 (terms apply)
Control your own investments and choose from a wide range of investment options.
Mix and match investments from any fund management group within one ISA.
No Capital Gains Tax on your investment.**
Trade via the phone or online - online or by Telephone.
Trade online from £8.95 commission per trade.
Stock held for you by the TD Waterhouse Nominee Service.
The value of your investments may go down as well as up. You may not get back all the funds that you invest.
** Please note that the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.
TD Waterhouse
For more details or to apply for a TD Waterhouse Account go to
» TD Waterhouse.
Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Before you open an account, please ensure that spread betting matches your investment objectives, familiarise yourself with the risks involved and if necessary seek independent advice.
Content approved / provided by TD Waterhouse Financial Spread Betting which is a trading name of City Index Limited (CI), who is a provider of financial spread betting and whose head and registered office is Moorgate Hall, 155 Moorgate, London, EC2M 6XB. For the purposes of financial spread betting any contract is between you and CI and all dealing, administration and settlement is carried out by them and TD Waterhouse Investor Services (Europe) Limited are not responsible for any of the functions they perform. Your account is held with City Index Limited (CI), which is authorised and regulated by The Financial Services Authority (FSA Registered Number: 113942).
Note - Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.
'TD Waterhouse', Review by D. Jones, last update: 25-Jan-11
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Risk Warning:
Spread Betting carries a high level of risk
to your capital and you can lose more than your initial investment,
it may not be suitable for all investors. Ensure you only
speculate with money that you can afford to lose and that you fully
understand the risks involved and seek independent financial advice where necessary.
Disclaimer:
Online-Spread-Betting.com does not endorse the information and
analysis available on this site. It is provided purely for information
purposes and is delivered as a personal view of the writer. Under no circumstances
is the information hereon to be used or considered as, an offer to sell, or a
solicitation of any offer to buy. The website content does not constitute investment
advice and neither the individual contributor nor Online-Spread-Betting.com accepts any
responsibility for any use that may be made of the content.
* Tax Free Trading:
Tax law is subject to change. It may also differ if you pay tax in a jurisdiction outside the UK.
