Top 3 Spread Betting Firms

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Trader1UK

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Hi,
After not being happy with my current provider, who im sure manipulated the prices, and was out to take stops, i have decide to try another firm. Please could traders list in preference the Top 3 Spread betting firms you use and are happy with.

Good to see whose gets a good rating.

Thanks
 
Who do you use?


If you are looking for a new provider, don't use Worldspreads.
 
What size is your usual/average position Si55AMG? and what market(s) do you usually trade?
 
Hi,
I Normally trade Indicies - FTSE and DowJ. Normal position starting at £1 per point to a maximum £10 per point.
 
FWIW I use capitalspreads but only for forex now. I had issues with them when trying to trade the FTSE and DOW and then gave up. Even in FX there are discrepencies but its hard to call when every company uses different data suppliers so the odd pip here and there cannot be argued unless you change to futures. I know where CS differ from my charts and I have adapted accordingly as everything else about them I like.

I have tried IG, and Cantor index in the early days and despised them both but for all the little gripes I may have about CS, I'd rate them the highest. That said, only for FX really but then I've always been crap on indicies regardless!

EDIT - I spoke too soon... CS compared to Metatrader charts are 99% 1 pip above, until of course you have a stop, then they will not only straddle the price they even drop below the chart if it means the opportunity of stoppping you out. (No other charts showed the samelow price) Yes, it went back to being 1 pip above metatrader again 3 seconds later. But thats the problem with having no central exchange and a fixed price everyone works off. :devilish:
 
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1. FuturesBetting. Direct market access rather than taking a s/betting firm's price. But you'd need to trade the FTSE future rather than cash price and minimum size is one contract = £10/point.
2. CMC . Excellent platform, never experienced them skewing the price aggressively against you, driving out stops etc.
3. IG. Platform can be a bit slow sometimes, can be difficult getting in and out in size (£10 would be no problem), but otherwise decent.

Others are all pirates and charlatans IMO ;)
 
Recommend CMC. Had a a couple of gripes with them, nothing serious. One memorable one was some years ago when they always closed their trading desks at 9pm on Fridays. I complained quite strongly because I was trading the S&P future with them which closed, on the exchange, at 9.15pm. A few weeks later they changed their close time to 9.15pm! Like to think it was because I made a fuss..... :cheesy:
 
I've been trading with Capital for over a year now and have never had any probelms. Highly reccomend them, only problem is that they don't have volume on their charts!!
 
ALL sb's are a law unto themselves. They make their own rules, and they can move the goalposts as and when they want. So when they skew the prices or lag on a trade, requote etc. Don't bitch about it 'cause we all know it happens. Some are better than others; and of the ones I have tried cmc have cleaned their act up a great deal. You still get stuck in a 'lag loop' if you have too many successful trades. But then you just use someone else until you are taken out of the 'loop'

The best way is to have one sb firm and one direct access.

Hey! the tax man has to get a little bit after all is said and done!

The one firm that cleans their act up and is fair and transparent and who also has the closer prices to the real deal will get the market share of punters. Why can they not see this?

Most people will lose anyway.


PS. This only really aplies to scalping/intraday moves. Longer term stuff should not be a problem. Apart from the losing that is :D
 
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Hi,
Thanks for the replies Hulk and Options, really appreciated. Well seems they all move goalposts around from time to time but who would you recommend the most:
Capital Spreads, IG Index, CMC, City Index or any others. Also who offers direct access? How can this be helpful?

Thanks
 
I've used cmc for a number of years through the good and the bad. Used Fins at the same time. But dumped them due to really wide spreads and worse tricks then cmc used to get up to. They may have cleaned their act up now. Cmc has a great deal. Also just been looking through my very old IG account. For pricing it looks like they can't be beat once you get into the live dealing. 0 spread on the indices majors and fx majors? Haven't trade with them for years, (wide spreads then), so what they are like now I would have no idea. Perhaps someone who actuals uses IG may post.

Direct access?

Well they all offer that...

To themselves!

You will not get a direct access sb co. To actually trade in the real market you must use someone like IB. This is why they can do what they want with the prices etc you see.


Keep your eyes on worldspreads though. They have a 1 spread on the majors at market times,
and I am hearing lots of good things being planned from them. They have the ability to become the leaders in this field. If they listen and act.
 
options said:
I've used cmc for a number of years through the good and the bad. Used Fins at the same time. But dumped them due to really wide spreads and worse tricks then cmc used to get up to. They may have cleaned their act up now. Cmc has a great deal. Also just been looking through my very old IG account. For pricing it looks like they can't be beat once you get into the live dealing. 0 spread on the indices majors and fx majors? Haven't trade with them for years, (wide spreads then), so what they are like now I would have no idea. Perhaps someone who actuals uses IG may post.

Direct access?

Well they all offer that...

To themselves!

You will not get a direct access sb co. To actually trade in the real market you must use someone like IB. This is why they can do what they want with the prices etc you see.


Keep your eyes on worldspreads though. They have a 1 spread on the majors at market times,
and I am hearing lots of good things being planned from them. They have the ability to become the leaders in this field. If they listen and act.
Click to expand...

Options, I want to keep my options open too with worldspreads but take a look at this thread first.... we're waiting for Marvin (who I believe works for them) to come back and defend what's going on....

http://www.trade2win.com/boards/showthread.php?t=19974

good luck
 
options said:
You will not get a direct access sb co. To actually trade in the real market you must use someone like IB.
Click to expand...

Futuresbetting / TwoWayFutures (same crowd) offer direct access and then add their spread to the price for the benefit of the spreadbet 'wrapper'. You just have to trade the FTSE future rather than cash price, but then you won't get 'direct access' to FTSE cash anyway as it's not a traded product.
 
Jack.

If a company "offer direct access and then add their spread to the price for the benefit of the spreadbet 'wrapper'."

They are in effect a sb company.

Direct access trading is where you are quoted the 'live market price' from the exchange, and you trade at that price. They add their fixed commission to you, (whatever it may be) for the privilege of trading with them.
 
TwoWayFutures state that they "hedge" client positions. ie they trade against your position.

They do not offer their clients "direct market access" (DMA).

Sure, their dealing desk has access to DMA.

For DMA you must pay commission, and trade a non-fixed spread.,
 
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