Originally Posted by Raoul Duke
Okay, so the interactive bit. Considering the interest and the stronger starting position than I ever envisaged, we have two choices:
Option A = Binance: Crypto
- 125% leverage and possible quick rip in fortunes. High risk. High reward
- Subject to CGT
- Slippage on trades (this means that we may not get the price executed and any closing trades may end up smaller in size than stated at time of closure. Can be costly)
- Fast track everything goes right path to £1,000,000 as a collective = 1 month
Option B = IG: Indicies/Commodoties/Forex
- 30% leverage, but with options trading this would be boosted further. Probably close to 100%
- No CGT
- No slippage
- Fast track everything goes right path to 1,000,000 as a collective = 3 months
Need to be in to cast a vote. In a nutshell, faster and looser with Option A, but subject to CGT and slippage. Option B will be a slower process, without tax and slippage.
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