FTSE on offer, just 1 spread on spread bet

mattmadd · Apr 18, 2006

I have joined this spread betting company in London recently, to enjoy the benefit of small spreads , yes just 1 point spread on footsie, ftse. I have trading with them in past weeks, just on the saving in spreads, enhance my winnings streaks.

I recently also been informed that they shall offer 1 point spreads also for other indices, including DAX, DOW etc. I am confident with tight spreads , it certainly will enhance my winning potentials. Trading is all about money management.

Take a look at this Spread Betting Company, WorldSpreads Ltd, with web site : www.worldspreads.com

One little helpful hint : No tax on wins in spread betting gains.

kevinmcm · Apr 19, 2006

mattmadd said:
I have joined this spread betting company in London recently, to enjoy the benefit of small spreads , yes just 1 point spread on footsie, ftse. I have trading with them in past weeks, just on the saving in spreads, enhance my winnings streaks.

I recently also been informed that they shall offer 1 point spreads also for other indices, including DAX, DOW etc. I am confident with tight spreads , it certainly will enhance my winning potentials. Trading is all about money management.

QUOTE]

From their market info, spread on FTSE cash or future is 2 points(5 points out of hours)

DAX is 4 ( and 6 out of hours)

So how have you managed to get it down to 1 :?:

http://www.worldspreads.com/pdfs/marketinformation.pdf

mattmadd · Apr 19, 2006

in hour is 1 spread on ftse daily cash

kevinmcm said:
mattmadd said:

I have joined this spread betting company in London recently, to enjoy the benefit of small spreads , yes just 1 point spread on footsie, ftse. I have trading with them in past weeks, just on the saving in spreads, enhance my winnings streaks.

I recently also been informed that they shall offer 1 point spreads also for other indices, including DAX, DOW etc. I am confident with tight spreads , it certainly will enhance my winning potentials. Trading is all about money management.

QUOTE]

From their market info, spread on FTSE cash or future is 2 points(5 points out of hours)

DAX is 4 ( and 6 out of hours)

So how have you managed to get it down to 1 :?:

http://www.worldspreads.com/pdfs/marketinformation.pdf

Click to expand...

In hour the spread is only 1 point on Ftse daily cash, future. Go to their website and see for yourself when LSE is opened.

Euro_d · Apr 19, 2006

Spreads are not everything!
Do you get filled at the screen price?
Is the price very close to the RT (Level 2) data? Or do they jig the prices, most SB Co's do!
I use RT data for my tech analysis and have seen many occasions with other SB Co's that the quoted price can be significantly different from the real price. Also, often, especially in fast moving markets, you will not get filled.

Would be interesting to see it Worldspreads are giving accurate prices. If not then the 1 point spread is not worth having.

Let us know.

Cheers
Dave

dcarrigan · Apr 20, 2006

Euro_d said:
Spreads are not everything!
Do you get filled at the screen price?
Is the price very close to the RT (Level 2) data? Or do they jig the prices, most SB Co's do!
I use RT data for my tech analysis and have seen many occasions with other SB Co's that the quoted price can be significantly different from the real price. Also, often, especially in fast moving markets, you will not get filled.

Would be interesting to see it Worldspreads are giving accurate prices. If not then the 1 point spread is not worth having.

Let us know.

Cheers
Dave

dont think 1 point spread on footsie very good. mine is .48 with live future prices, 1 point the dow could be interesting, will take a look.

neil · Apr 20, 2006

spreads

dcarrigan said:
dont think 1 point spread on footsie very good. mine is .48 with live future prices, 1 point the dow could be interesting, will take a look.

Spreads on other instruments - forex etc not so good as other spread bet firms such as Capital Spreads etc.

dcarrigan · Apr 24, 2006

neil said:
Spreads on other instruments - forex etc not so good as other spread bet firms such as Capital Spreads etc.

have checked the site out. 1point footsie, 4 points daily dow. not for me i have half them coms
and live futures trading .

rjay · Apr 24, 2006

I had my eye on the Wall St. rolling daily this afternoon and it has been a good 4-5pts lower than the Dow the whole time .... not convinced about their prices yet.

sean01 · Apr 29, 2006

Hi, I would agree.

I thought that I would try betonmarkets.

Yesterday - I wanted to buy in to the S & P (double up) - - they would not let me trade for the first 15 mins once the market had opened- then they would not let trade at all. It took 35 mins before they would even try a trade - and that was after the market had shot up

On top of that the spread is 3 points - which for the S &P is masive.

Needless to say - I shut the account - and will be opening a new proper
account with Sucden.

I have used a SB firm in the passed - about 5 years ago - and remember the prices being all over the place.

Regards

Sean

dcarrigan · Apr 29, 2006

sean01 said:
Hi, I would agree.

I thought that I would try betonmarkets.

Yesterday - I wanted to buy in to the S & P (double up) - - they would not let me trade for the first 15 mins once the market had opened- then they would not let trade at all. It took 35 mins before they would even try a trade - and that was after the market had shot up

On top of that the spread is 3 points - which for the S &P is masive.

Needless to say - I shut the account - and will be opening a new proper
account with Sucden.

I have used a SB firm in the passed - about 5 years ago - and remember the prices being all over the place.

Regards

Sean

plenty of threads and advice on boards for you to make a better choice of provider.

sean01 · Apr 29, 2006

Hi - I used to use Refco & Sucden - years ago - you are right - Interactive Brokers look better

thanks

Sean

MarvinS · Apr 30, 2006

Hi MattMadd - I work for WS and we are going to go 1 spread on FTSE/DAX/CAC/WALL ST/ GBP/EUR/JPY.
Only on the rolling contracts....

We are already 1 spread on daily FTSE.

dcarrigan - you are paying 0.4 + market spread which is usually 0,5 total roundtrip is 0.9. Our round trip spread is 1, however it is a spread bet so has the tax free element.

Euro_usd - Our prices price off RT yes. Please follow the prices online!

Happy trading!

dcarrigan · May 4, 2006

MarvinS said:
Hi MattMadd - I work for WS and we are going to go 1 spread on FTSE/DAX/CAC/WALL ST/ GBP/EUR/JPY.
Only on the rolling contracts....

We are already 1 spread on daily FTSE.

dcarrigan - you are paying 0.4 + market spread which is usually 0,5 total roundtrip is 0.9. Our round trip spread is 1, however it is a spread bet so has the tax free element.

Euro_usd - Our prices price off RT yes. Please follow the prices online!

Happy trading!

my spread was .24 per side now .4 on footsie total spread was .48 between buy and sell now .8 because not doing enough monthly lots (250 needed ) your 1point dow could be interesting?, will this be a permanent spread on dow?. my figs are for spread betting.

mattmadd · May 4, 2006

dcarrigan said:
my spread was .24 per side now .4 on footsie total spread was .48 between buy and sell now .8 because not doing enough monthly lots (250 needed ) your 1point dow could be interesting?, will this be a permanent spread on dow?. my figs are for spread betting.

CAN THE OFFER EXTEND TO DAILY CASH AND DAILY FUTURE ? WITH THESE OFFER, BUSINESSES WILL SURELY GO TO WORLDSPREADS.

mattmadd · May 4, 2006

mattmadd said:
CAN THE OFFER EXTEND TO DAILY CASH AND DAILY FUTURE ? WITH THESE OFFER, BUSINESSES WILL SURELY GO TO WORLDSPREADS.

DEAR , IS YOUR 0.24 SPREAD ON LIVE MARKET WITH IB BROKER?

mattmadd · May 4, 2006

sean01 said:
Hi, I would agree.

I thought that I would try betonmarkets.

Yesterday - I wanted to buy in to the S & P (double up) - - they would not let me trade for the first 15 mins once the market had opened- then they would not let trade at all. It took 35 mins before they would even try a trade - and that was after the market had shot up

On top of that the spread is 3 points - which for the S &P is masive.

Needless to say - I shut the account - and will be opening a new proper
account with Sucden.

I have used a SB firm in the passed - about 5 years ago - and remember the prices being all over the place.

Regards

Sean

could you kindly inform which company you referred to ??

dcarrigan · May 4, 2006

mattmadd said:
DEAR , IS YOUR 0.24 SPREAD ON LIVE MARKET WITH IB BROKER?

my spreads are with f betting. happy with footsie and live futs prices but my dow spread has gone from 2 to 4. would have to over trade to get back to my old spreads. although with fb are bid offer is put on ladder and is taken if price goes though it.

sean01 · May 4, 2006

Hi Matt,

This was about 8 years ago - so my memory is a bit faded - I think its was IG.

I had a live data feed for the FTSE- the market rallied - and I was due to sell - but I quoted an awful price- it was about 8-10++pts outside of the actual futures price. ( I had only done a couple of trades with them)

-I told them to forget it.-

sean01 · May 4, 2006

Matt,

Worldspreads- do they skew prices?

regards

Sean01

dcarrigan · May 4, 2006

sean01 said:
Matt,

Worldspreads- do they skew prices?

regards

Sean01

dont think they will tomorrow with everyone judging there new spreads. would give it a week watching for skew myself. imo.

FTSE on offer, just 1 spread on spread bet

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