CMC Markets

I used this firm for a short time, their quoted prices can leave a lot to be desired, then they may re-quote which takes even more time. If you are trading inter-day by the time all of this nonsense is completed you may well have missed your trade and indeed find yourself very quickly testing your stop.

I found the trading platform to be very poor indeed with frequent loss of data.

The spreads are not as tight as you may think 4pts on each end plus 4pts for a CRB

Rating: 3/10

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deal4free maybe their name, but dealing for free you're definitely not.

their trading platform is simple and the tools they supply for analysis are useless along with their mediocre support, but hey! it's not about their support, it's about making a s*** load of money and driving your ferrari 360 spider in a year's time and living in the swankiest part of town where every one has a porter and a cook!

just as quickly as i've excited and made you stain yourself i'll have to knock you off your high horse to the real world. it's betting. they are a bookie. they rig the prices so you don't win. if you have balls of steel and go around saying: 'i'll be back.' you can take on a position over a long period of time to really capitalise because thats the kind of person that deal4free are aiming at; your balls have been replaced because you have been kicked in them so much yet you still keep coming back for more.

what does toilet paper in public toilets and arnold schwarzenegger have in common?

they're rough, they're tough, and they take no s***!

don't be a fool as you could end up cleaning public toilets when you're broke.

Rating: 5/10

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"we have the tightest spreads around"....what they fail to mention is how far their entire spread is out the market! Spreadbetting is a gamblers game and deal4free will manage to consistently price you out of the market. Forget TA if you want to spread bet, because by the time your system has generated a long signal, you probably need to go short to work the spread.

If you have a query D4F will be there ready to answer with their online chat service .... unless it looks like answering it will make you loose less money - bast**ds.

This is a quick way of loosing money. Their CFD service is no better - they use practically the same spreads. STAY AWAY.

Rating: 6/10

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I don't understand this critisism. I have compared D4F's prices with those supplied by Esignal and MyTrack, and the bid and offer prices were identical.

The above statement is based on watching CFD Single Price Windows in MarketMaker v5 of FTSE100 stocks. I haven't actually traded with D4F yet. The prices supplied by D4F were about a second behind Esignals/Mytrack but were always the same. D4F say the SB prices are the same as CFD ones, I haven't verified this.

What you say might be true for other stocks, as I have only checked some FTSE100 ones. I was talking to someone at the CMC seminar on Thursday and he said to ONLY trade FTSE 100 stocks as D4F is uncompetitive elsewhere. How can you justify what you say for FTSE100 stocks, given what I've seen? I'm planning to only trade FTSE100 stocks, so the fact that the outer-mongolian stocks' spreads are loose, doesn't bother me. Are orders actually filled at completely different prices than are shown in the Single Price Windows?

Rating: 8/10

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I have used Deal4Free for couple of years and cannot understand all the problems reported about spreads and requotes. Apart from a period where I became a bad boy for trading too frequently and ended up with all my trades via a dealer, they are extremely fair. For UK FTSE 100 stocks their cash prices are generally identical to those shown on Level 2. Smaller amounts (£5 on RBS, GSK, AZN or £10 on HBOS, BARC etc) go straight through instantly on the automatic system at exactly the price shown. So, you can Buy (and Sell) at exactly the Level 2 price, with no costs or Stamp Duty - forgive my stupidity but what can be wrong with that ? Their software is 95% reliable, phones are answered quickly and pleasantly, they usually stand by the price you try to get on the very odd occasion you are held for a requote. I strongly suspect that anybody who feels they are less than excellent has never tried some of the alternatives, who manipulate prices, requote almost every time, have system problems constantly etc. With D4F I at least feel that they want my business and treat me accordingly, whereas my other experiences left me feeling that emptying my account as fast as possible was their sole mission.

Rating: 9/10

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Not a regular poster on these kind of boards, but felt I just had to stand up for CMC, who I have used for just over a year now on a daily basis.

I think they run an excellent business - and although I use other spreadbet companies for options etc, I wouldn't dream of putting any FTSE100 or currency bets anywhere else.

The spreads are superb. Anyone whingeing about requotes should run a level 2 screen alongside the CMC screen to see why they won't offer you say RBS at 1610 in £50 when they are only offered in say 10 shares in the market ... they are not a charity! Take a look at their spreads in cash gold, where they are half a dollar compared to up to one and a half dollars elsewhere !

The new software is a big step forward - ok the charting package is not going to win any awards - but for pure speed and flexibility (especially over multiple monitors), you're not going to find better. One word of warning: do check the financing adjustments made on your rolling cash bets - they do make the odd mistake - but everytime I have pointed it out they have been very quick to put it right.

I sound like I work at the place - but I can assure you I don't ... just wanted to balance some of the negative comments out there, which I think are just ignorant.

Rating: 9/10

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I've been using deal for free for 3 years now, they have a good platform, however i would only use them for indices for overnight trades or longer term trades. Last year I was on auto fill on the Dow and this was excellent, however I'm now on manual fill (even for a pound bet) and this can take 60 seconds to fill, in fast moving markets this can be a bit of a nightmare.

Also (and this has happened so many times that I personally do not feel it is a random event)it appears that manual fill depends upon the market turns & the way that orders have been filled with speed as it goes against you and slowly when in your favour (& then a requote).

Although spreads quoted are 5 points I found City Index with an 8 point spread to be more effective as fills are instant with them.

However now I have direct access with 1 point Dow spreads i don't use CMC much for indices.

In a positve vein I have heard from fellow traders that CMC are as good as it gets for trading stocks among the spreadbetting firms.

Good luck

Loxy

Rating: 4/10

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I have been using CMC for 18 months and until recently was very happy with them. However, they have had horrendous system problems recently which have made the service unuseable for extended periods, resulting in a loss of many thousands of pounds to me. They have not compensated me for my losses and are having difficulty tracking phantom trades. I'm afraid that I'm going to have to take my business elsewhere, because as an active trader, I simply cannot afford this kind of thing.

Rating: 5/10

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