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This is a discussion on prospreads.com within the Spread Betting & CFDs forums, part of the Commercial category; Originally Posted by timsk Hi Phil, Just to be clear, your comments imply that one pays a 2 point spread ...

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Old Jul 30, 2009, 11:48am   #31
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Originally Posted by timsk View Post
Hi Phil,
Just to be clear, your comments imply that one pays a 2 point spread commission to enter AND a 2 point spread to exit, i.e. 4 points in total for the full RT (4 x $5.00 = $20.00)? This isn't my understanding and, if you're correct, makes ProSpreads even more expensive than I initially thought. Twice as expensive in fact!

Tim.
Sadly, I think that's the case, Tim. The effective spread on YM is 5pt minimum, reducing to 3pt after 200 trades per month. The main advantage of Prospreads is the speed of their platform and absence of SB nobbling, which would make short-term trading possible. Difficult with a 5pt spread, though, even if you can benefit from buying/selling at bid/ask and not pay the market spread.
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Old Jul 30, 2009, 1:42pm   #32
 
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I don't think that prospreads is designed for traders that would notice the first 200 lots... that's pretty much their way of putting a monthly charge on traders doing at least 10k a month...
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Old Aug 2, 2009, 8:41pm   #33
 
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Old Aug 3, 2009, 1:16pm   #34
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ProReal time

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Originally Posted by JohnHL View Post
FuturesBetting were looking at using the ProRealTime platform.
Did this not work out?

I use them and they are great.
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Old Aug 3, 2009, 2:24pm   #35
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I have made some tests with them, but saw no results.
Will be happy to hear from the forum members regarding their experience with them

Thanks
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Old Aug 10, 2009, 5:55pm   #36
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Originally Posted by spreadbettingportal View Post
I have made some tests with them, but saw no results.
Will be happy to hear from the forum members regarding their experience with them

Thanks
i was with Futuresbetting.com, then they changed the name to prospreads,i cant find anyone better than these guys, tight spreads, DMA so getting instatnt fills, feels like trading on a pro platform, but spreadbetting.
only futures at the moment but they say Fx Spot coming very soon.
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Old Aug 10, 2009, 6:03pm   #37
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Originally Posted by pit pony View Post
i was with Futuresbetting.com, then they changed the name to prospreads,i cant find anyone better than these guys, tight spreads, DMA so getting instatnt fills, feels like trading on a pro platform, but spreadbetting.
only futures at the moment but they say Fx Spot coming very soon.
Sure, you are trading the futures at a very high cost. If you feel the tax issue overrides it all, then go for it.
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Old Aug 10, 2009, 6:05pm   #38
 
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Minimum bet size?

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Originally Posted by pit pony View Post
i was with Futuresbetting.com, then they changed the name to prospreads,i cant find anyone better than these guys, tight spreads, DMA so getting instatnt fills, feels like trading on a pro platform, but spreadbetting.
only futures at the moment but they say Fx Spot coming very soon.
I think the minimum bet is one Lot of the underlying...thus FTSE would be a minimum bet of £10 per point ?
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Old Aug 10, 2009, 6:19pm   #39
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I think the minimum bet is one Lot of the underlying...thus FTSE would be a minimum bet of £10 per point ?
Yes, you are trading the FTSE 100 future (Z future). £10 per point with a minimum of £5 per tick (0.5).
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Old Aug 11, 2009, 2:06pm   #40
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Originally Posted by ProSpreads View Post
Dschoon, we have explained the issues with Ninja.
I heard you were working on fixing the issues. How is that going? Any ETA yet?
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Old Aug 11, 2009, 5:09pm   #41
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I heard you were working on fixing the issues. How is that going? Any ETA yet?
not really, but meetings being had and different automated functionalities being added to our own platform, to perform scaling out of positions.
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Old Aug 11, 2009, 5:18pm   #42
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not really, but meetings being had and different automated functionalities being added to our own platform, to perform scaling out of positions.
Ah, so you haven't started the work on fixing the issues with your API to Ninja at all. Just a few meetings. If the API work is to be canned please just tell us so we know.

It's of course entirely up to you, but Ninja has been developed over many years and has a lot of functionality. IMO it would be a much better use of development time to fix the API first then add automated features to your existing platform - that would immediately give all of your clients access to Ninja functionality. It's a far bigger win.
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Old Aug 11, 2009, 5:27pm   #43
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Ah, so you haven't started the work on fixing the issues with your API to Ninja at all. Just a few meetings. If the API work is to be canned please just tell us so we know.

It's of course entirely up to you, but Ninja has been developed over many years and has a lot of functionality. IMO it would be a much better use of development time to fix the API first then add automated features to your existing platform - that would immediately give all of your clients access to Ninja functionality. It's a far bigger win.
As we have said before, the help we are getting to rectify this problem from ninja has not been the best, the issues were only with some clients using this , not all.
The clients using ninja currently with us will not receive the new updated platform from ninja
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Old Aug 11, 2009, 6:19pm   #44
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I'm confused. Is it possible to sign up to Prospreads and use Ninja? I thought you'd stopped offering it when you changed from being Futurespreads?
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Old Aug 11, 2009, 6:39pm   #45
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[QUOTE=Jack Hughes;861682]I'm confused. Is it possible to sign up to Prospreads and use Ninja? I thought you'd stopped offering it when you changed from being Futurespreads?[/QUOTE
As i mentioned it before that we still have clients that use Ninja, but wont be getting the new version.
So we are not offering Ninja as an automated trading platform.
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