Spread Free Spread Betting

This is a discussion on Spread Free Spread Betting within the Spread Betting & CFDs forums, part of the Commercial category; Hey, Received an email from Cantor this morning advertising spread free betting. They're calling it the "Magnificent Seven". Each week ...

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Old Apr 11, 2004, 1:40pm   #1
 
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Spread Free Spread Betting

Hey,

Received an email from Cantor this morning advertising spread free betting. They're calling it the "Magnificent Seven". Each week there picking seven products which you will be able to trade spread free that week and every week you can vote for what products you would like to see spread free next week.

Sounds pretty good to me. They say you will be able to trade them at the futures prices although I dont know how true this is as all SB companies seem to "manipulate" or run there own prices.
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Old Apr 11, 2004, 5:33pm   #2
 
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"They say you will be able to trade them at the futures prices "

presumably 'futures prices' means there is a small spread, eg 0.25 as in the S&P500 futures market, and they will attempt to make their profit here??
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Old Apr 11, 2004, 5:53pm   #3
 
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Its seems to be restriced to UK shares only.

UK shares arent exactly the most volatile instruments around, so
if you hold for longer than a week youll have to pay half the
full spread anyway.

Last edited by donaldduke; Apr 11, 2004 at 9:47pm.
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Old Apr 12, 2004, 8:29pm   #4
 
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mikeyk started this thread Fair play mate,

Only saying, thought it might have been of interest to some people who might not be cantor clients. No ones forcing people to use them.
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Old Apr 12, 2004, 9:40pm   #5
Joined Jul 2003
If it's spread-free - it's spread free. OK, as an SB they might play around with 'their' version of the price, but it still looks a better deal than paying spread - if you're into SBs at all of course.

It would be interesting to see how Cantor would react to a majority voting in the most volatile indices, stocks...

Of course, that assumes they'd be honest in relaying the voting...

tch tch tch...I am a cynical old Tony this evening.
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Old Apr 13, 2004, 7:09pm   #6
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If a product is advertised as 'spread free' then they are advertising that they are trading it at mid price regardless of market spread. So I'd expect to see the relevent products quoted at a single price regardless of weather you want to buy it or sell it - hence no spread (the spread being the difference between the bid and the offer). Is this actually what they are offering ?

Steve.
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Old Apr 13, 2004, 9:51pm   #7
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Steve - no it's not a single bid/offer price. They are quoting future prices so there is a small spread, what they refer to as spread-free is that they don't add the extra SB spread. It does actually say that if you read the small print, though you could be forgiven for thinking otherwise at first sight.

I had an eye on the 7 shares they've selected for this week today, pretty dull stuff. Next week though from the voting it looks like AZN + RBS will be in the list so could be more interesting.

KenN
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Old Apr 17, 2004, 2:44pm   #8
 
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SB Firms

Hello All

On a somewhat different note, can anyone please share which SB firms they have used which fall into the category, the Good, the Bad and the downright Ugly? Because D4F is so popular with its tight spreads, they have a huge client base and many of the SBers on this site have accounts there. We therefore hear loads of complaints against them but not so much the others, with the wider spreads.

We can begin to build a picture of what these firms are all REALLY like by sharing our experiences - good and bad. Or does something of this nature exist elsewhere?

rgds
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Old Apr 17, 2004, 4:14pm   #9
 
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Re: SB Firms

Quote:
Originally posted by seguna
On a somewhat different note, can anyone please share which SB firms they have used which fall into the category, the Good, the Bad and the downright Ugly? Because D4F is so popular with its tight spreads, they have a huge client base and many of the SBers on this site have accounts there. We therefore hear loads of complaints against them but not so much the others, with the wider spreads.

We can begin to build a picture of what these firms are all REALLY like by sharing our experiences - good and bad. Or does something of this nature exist elsewhere?
Click on "Reviews" above, then click on one of the SB co's shown under "brokers" to read its' review.
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Last edited by neil; Apr 17, 2004 at 4:55pm.
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Old Jan 14, 2008, 2:27pm   #10
 
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I'm new to spread betting.I feel like I have been scammed, but I would like the view of other senior traders and guys who have experience of markets.
I traded with IG INDEX on friday going long on the FTSE 100 March at 6181.. with a stop at 6151, the market closed at 6177 at 5:30 on friday. On monday Morning the opening was 6166 and low was 6163 and so far the high has been 6223.

I have been told I was stopped out on friday at 8:10(after the exchange was closed) according to inhouse quoting by IG INDEX as they quote a price 24 hours a day. They say that the low was 6151 right where my stop was and they do this on the basis of other markets that are trading at that time and the fluctuations taking place at that point. IS this a scam on their part ? they have inhouse information as to where all the stops and positions are held by their clients and can make a market in order to stop them out. Please comment
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