Day Trading & Forex Forum

jahual89

The amount of Spread Betting Company's is increasing very quickly. But which one is the best. Let's put the vote to the people. List the five best Spread Betting companies you've used along with their advantages and disadvantages in your expereince in using them. The advantages and disadvantages are very important as if their are any inconsistencies with them we can easily notice and exclude the people who work for these companies.

The outcome of the result will be determined by adding a firms ranking order ie. if all 50 people that took part voted IG as their number 1, IG will ghave 50 points. So the firm with the least amount will be number one, the firm with the second least will be number 2 and so on.

Here's my top 5:

1. ETX Capital

Advantages: Easy to use platform, great customer service, tight spreads, fast execution, advanced charts.

Disadvantages: Platform may be slow sometimes.

2. IG Index

Advantages: Easy to use platform, very tight spreads, flexibility with order types ie. trailing stops, instant execution.

Disadvantages: Poor customer service, started to charge for advanced charts for non-users.

3. City Index

Advantages: Easy to use platform. from my experience customer service is ok.

Disadvantages: Offer no limited risk accounts so customers can end up owing them money, spreads aren't very good

4. ODL Markets

Advantages: Good customer service, easy to use platform, decent charts, offer various accounts.

Disadvantages: Orders take too much time to get filled, platform is sluggish and freezes up.

5. CMC Markets

Advantages: Probably the easiest platform to use.

Disadvantages: Poor charts, poor customer service, very hard to place stop orders.

tar

http://www.trade2win.com/boards/spre...-broker-3.html

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Aggressive speculator looking for opportunities

shadowninja

I think your 1) and 2) aren't correct at all.

ETX has bloody huge spreads compared to IG... and IG's spreads are not exactly tight. 2 pips on EUR/USD is not tight. 6 pips on their Forwards.

ETX's advanced charts are in fact the same as IG's basic charts.

ETX's platform is f'ing horrid. You know a geek's designed it.

IG's customer services are pretty good; due to a problem with my PC and Java they actually spent a few hours working with me and then working on my computer to sort out the problem.

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jahual89

I would have to disagree with you; ETX's spreads although IG have tighter I wouldn't go as far as saying bloody huge. ETX have updated their charts so their advanced charts are exactly the same as IG's and don't have the cheek to start charging for them.. complete joke. Their platform has been significantly been improved and has a much better layout than IG's, locating different markets is probably twice as quick.

As for customer service, never in a million years I'd believe they spent that much time fixing your computer from the customer service I experienced. When I queried about charts, the gentleman on the phone was very helpful and patient. But on other occasions blunt and a total joke especially when you make money, they clearly don't hedge, they might as well slap a ladbrokes sign across their website and buildings.

ETX in my experience are the best, much better than IG. There's probably 5 spread betting companies out there better than IG. ETX is just one.

shadowninja

Interesting. I'll accept what you say about the spreads; I always thought they were pretty big compared to brokers.

I've never had a negative problem from the customer services side.

As for the design, the black and green thing is so '90s web style. User-interface-wise, never had a problem finding things on IG. There are a lot more, of course, which might make things more tricky.

Still disagree about ETX's "advanced" charts. They're the old IT-finance ones, not the proper advanced ones in IG from ProRealTime. I only have ETX's demo account, mind... can you confirm otherwise?

__________________


The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.

jahual89

You'll have to open a live account to access the advanced charts, they're the proper pro real time ones exactly like the advanced charts offered from IG.

tar

For me i give IG 7 stars and they r the best in this field http://www.trade2win.com/boards/spre...-broker-3.html
and their customer service is excellent ...
Do ETX advanced charts has ( proscreener ) facility ?

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Aggressive speculator looking for opportunities

shadowninja

But why does the demo version let me open the advanced charts with a "for investor accounts only" type message? Can you have a look at the demo version's advanced charts? They are IG's basic. Or give us a screen shot within context?

__________________


The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.