Hi,

1) Can someone tell me what is the distinction between spreadbetting (on Currency Market ) and trading on forex apart from interest rates you get and taxation?

2) I wish to exchange on forex, but if I begin trading on forex or spreadbetting as I am not going to leave overnight for the time being?

3) My choices Brokers are: Spreadbetting: IGindex, GFT
Forex: FXCM/DBFX (I like the platform).

Can you recommend something different (please only recommend if you are using them for 1 year.

4) What's the benefits and drawbacks of both spreadbetting (Currency Market ) and forex?

Thank you