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Trading spread on indices. How much?

This is a discussion on Trading spread on indices. How much? within the Indices forums, part of the Financial Markets category; Hi, I am considering opening a live CFD trading account with a company that provides indices as trading instruments along ...

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Old Nov 18, 2003, 12:43pm   #1
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Trading spread on indices. How much?
Hi, I am considering opening a live CFD trading account with a company that provides indices as trading instruments along with FOREX and CFD stocks. Currently they charge 0.1% of the value of each index contract, 0.15% of stock (CFD) contract value and 0.04% of each forex contract. They also charge about 0.02% of overnights and there are no other charges apart from these ones. I wonder if the above charges can be considered acceptable for a trader to open a CFD trading account.
Thanks.
PS. I am currently participating in their free dukascopy.com trading contest

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Last edited by balusa; Nov 18, 2003 at 3:54pm.
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Old Nov 19, 2003, 8:25am   #2
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Balusa

Sorry about my ignorance. But what is spread on indices?
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Old Nov 19, 2003, 9:27am   #3
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balusa

your heading and comments dont really tie up - which company are you looking to use?
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Old Nov 19, 2003, 10:10am   #4
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balusa started this thread I would like to open a CFD trading account with Dukascopy Technologies Corp (www.dukascopy.com). For index trading they charge fixed commission of 0.1% of the value of each contract. They call this commission "spread" (I suppose that is how they interpret it). So I was wondering if 0.1% is the right commission for index contracts.
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Old Nov 19, 2003, 12:00pm   #5
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balusa

where are you based?

why did you alight on that company are is your post an advert for that company?
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Old Nov 19, 2003, 1:00pm   #6
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balusa started this thread Absolutely not . I gave company details because I am having difficulties understanding their terms and conditions, so I think you will need to see them for yourselves before coming up with an educated judgement regarding their index trading policy (which is quite a rare thing by the way).
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Old Nov 19, 2003, 1:14pm   #7
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balusa

dont you think you would be better sticking with a company who you do understand?

i understand them - but you should stick to companies which have a history and are well known
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Old Nov 19, 2003, 1:20pm   #8
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balusa started this thread Stevert,
No well-known companies that i know offer index trading+they all have unacceptably high commissions. Besides, I do not think it will be right to ask the company whether their spreads are the most competitive on the market. We all know their answer...
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