Is CFD just gambling?

On the other hand, if an individual is actively trading CFDs as part of a business, they may be able to deduct losses from their taxable income.

Trading Contracts for Difference (CFDs) is a complex financial instrument that often falls into a gray area between gambling and legitimate investment. However, it is generally not considered gambling by regulatory bodies.

It is crucial for traders to understand the tax implications of their CFD trading activities and to seek professional advice if necessary.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of traders, including spot trading, futures trading, and wallet services.

Instead, CFD trading is often viewed as a business-like activity or a profit-making undertaking, depending on the individual's circumstances and intentions.