|
Turbo24 |
Spread betting |
CFD |
Barrier |
Vanilla option |
Are there expiries? |
No expiry dates on turbo24s with IG (turbo products from other providers may differ) |
Expiry dates far in the future |
No expiry dates (excluding forwards) |
Fixed expiries |
Fixed expiries |
Do I pay tax?4 |
All gains from turbos are subject to tax |
You don’t pay capital gains tax or stamp duty. 5 |
You don’t pay stamp duty, but you do pay capital gains tax. However, losses can be offset as a tax deduction |
You don’t pay stamp duty, but you do pay capital gains tax. However, losses can be offset as a tax deduction |
You don’t pay stamp duty, but you do pay capital gains tax. However, losses can be offset as a tax deduction |
When can I trade? |
Turbo24s are the world’s first turbo to be available 24 hours a day, five days a week |
24-hour dealing on forex and major stock indices. During the underlying market hours for other markets. We also offer weekend trading on selected markets |
24-hour trading on forex and major stock indices. During the underlying market hours for other markets. We also offer weekend trading on selected markets |
24-hour trading on forex, major stock indices and commodities |
24-hour trading on a number of major vanilla options |
Do I pay to keep positions open? |
Overnight funding is accounted for by the market maker’s adjustment to the knock-out level on all markets |
Overnight funding on daily funded bets. Rollovers on forwards and futures |
Overnight funding on all markets, except forward contracts. Rollovers available on forwards |
Overnight funding on all markets |
No overnight funding |
What kind of trading is it suitable for? |
Intra-day
Daily
Medium-term |
Intra-day
Daily
Medium-term |
Intra-day
Daily
Medium-term |
Intra-day
Daily
Medium-term |
Intra-day
Daily
Medium-term |
Can I receive dividends? |
If you hold a turbo24 on an index that pays out dividends, your knock-out level will be adjusted by the dividend amount |
We make a dividend adjustment on equity and stock index spread bets |
We make a dividend adjustment on equity and stock index CFDs |
We make a dividend adjustment on index barrier options |
No adjustment for dividends |
Can it be used for hedging? |
Yes |
Yes, but CFDs can be more effective because of their tax-deductible benefits |
Yes - ideal for hedging as they closely reflect the underlying market and do not expire |
Yes |
Yes |
Can I open a corporate account? |
Yes, we offer corporate accounts |
No |
Yes, we offer corporate accounts |
Yes, we offer corporate accounts |
Yes, we offer corporate accounts |
Range of markets |
A broad selection of frequently traded liquid markets:
Key forex pairs, such as EUR/USD and EUR/JPY
Global indices, including the France 40 and Germany 40
Popular commodities – Gold, Brent Crude and US Light Crude |
More than 17.000 markets, including:
Forex
Stock indices
Metals
Energies
Spot metals
Soft commodities
Shares
Cryptocurrencies
ETFs and ETCs
Options7
Interest rates
Bonds
Sectors
Share forwards
Forex forwards
Daily stock index futures
Stock index futures
Daily oil futures |
More than 17.000 markets, including:
Forex
Stock indices
Metals
Energies
Spot metals
Soft commodities
Shares
Cryptocurrencies
DMA-Forex4
DMA shares
ETFs and ETCs
Options6
Interest rates
Bonds
Sectors
Stock index futures |
A broad selection of frequently traded, liquid markets:
Forex
Stock indices
Metals
Energies
Spot metals
Soft commodities
Shares
Daily stock index futures
Daily oil futures |
A broad selection of frequently traded, liquid markets:
Forex
Stock indices
Metals
Energies
Spot metals
Soft commodities
Daily stock index futures
Daily oil futures |
The mechanics of dealing |
You select your preferred knock-out level (maximum risk) and leverage from a range available. Within this package you can then define the type and size of your order. Profits and losses are realised in euros – the base currency for all markets. |
You define the size of your deal by selecting the amount you want to bet per point of movement (£/pt). Profits and losses realised in currency you bet in |
You define the size of your deal by selecting the number of contracts or shares you want to trade. Each contract has a fixed value. Profits and losses realised in traded market’s base currency. GBP contracts available |
You choose your strike price from the options chain, then define the size of your trade. For barrier options, you also define your knock-out level. Profits and losses realised in traded market’s base currency |
You choose your strike price from the options chain, then define the size of your trade. Profits and losses realised in traded market’s base currency |
The charges |
Zero commission
All potential fees are inherent in the price of a turbo24, including the market-maker’s spread and a fee to guarantee the knock-out level. Funding adjustments to the knock-out level, applied daily
Funding adjustments to the knock-out level, applied daily. |
A spread on all markets. No commission. Funding adjustments (excluding futures and forwards) |
We charge a commission on share CFDs only, but no spread. A spread on all markets except shares. Funding adjustments (excluding futures). |
A per-lot commission on all markets. A premium, which includes the spread, on all markets. Funding adjustments. A knock-out premium, payable only if your knock-out level is reached. |
A per-lot commission on all markets. A premium, which includes the spread, on all markets. |
Dealing platfroms |
Desktop dealing
Mobile App (iPhone, Android)
Tablet App (iPad)
L2-Dealer (DMA)5
MetaTrader 4
ProRealTime |
Desktop dealing
Mobile App (iPhone, Android)
Tablet App (iPad)
MetaTrader 4
ProRealTime
L2-Dealer (DMA)5 |
Desktop dealing
Mobile App (iPhone, Android)
Tablet App (iPad)
L2-Dealer (DMA)5
MetaTrader 4
ProRealTime |
Desktop dealing
Mobile App (iPhone, Android)
Tablet App (iPad)
L2-Dealer (DMA)5
MetaTrader 4
ProRealTime |
Desktop dealing
Mobile App (iPhone, Android)
Tablet App (iPad)
L2-Dealer (DMA)5
MetaTrader 4
ProRealTime |
Direct market access |
Yes |
No |
Yes, for forex5 and shares |
No |
No |