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[sharechat] Oversea internet brokers UK

From:	"DR" <hamish@webmail.visp.co.nz>
Date:	Wed, 18 Dec 2002 20:26:46 +1300

Fastrade (now Charles Stanley) did not require any conditions regarding domicile when I joined.

Brokers like Fastrade are regulated by the Securities & Futures Authority and must pass some demanding regulations to continue their membership.

Most are between 10 and 15 pounds a trade.

Companies like City Index also run both CFDs and spread betting at low cost entry but the gearing makes them a trap for the unwary. Benefits of CFDs (only FTSE350 stocks) are the ability to go short as well as long and there is no stamp duty applied.

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