That really doesn't help you at all in checking positions, does it? I assume the open positions don't 'span' the two accounts.
That really doesn't help you at all in checking positions, does it? I assume the open positions don't 'span' the two accounts.
samuelhogg
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Exactly what I was thinking.
futuresbetting
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most clients using Ninja see there positions, as i agree you need to see your positions.
you did'nt, have you asked Ninja why, have you got all settings set correctly as i spoke with a client yesterday about this and he did'nt have the setting correct.??
What setting would that be?
Phil Mibbutz
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Yes, but isn't almost everyone? This was about six months ago, and the platform froze out quite regularly, even though everything else was still working. I could probably have lived with it if the spreads were tighter, though.
same thing???
Hello everyone
Lets talk about this "new" company called Prospreads.com
Its another offering from the same bunch that gave us futuresbetting .com and the other one Capital spreads ... All part of London capital group
So if you are using Prospreads please tell us all about it. I am really interested in their claims Vs the reality of their service especially with regard to execution of orders , prices etc
Tell me anything usefull if you are using them to trade.
Thank you.
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A government that robs Peter to pay Paul can always depend on the support of Paul.
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"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." -- Winston Churchill
Hello everyone
Lets talk about this "new" company called Prospreads.com
Its another offering from the same bunch that gave us futuresbetting .com and the other one Capital spreads ... All part of London capital group
So if you are using Prospreads please tell us all about it. I am really interested in their claims Vs the reality of their service especially with regard to execution of orders , prices etc
Tell me anything usefull if you are using them to trade.
Thank you.
%%%%%%%%%%%%%%%%%%%%%%%%%%
A government that robs Peter to pay Paul can always depend on the support of Paul.
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." -- Winston Churchill
It is futuresbetting - just a change of name, so everything you read on this thread applies to prospreads.
I thought it was a new white label operation of LCG, based on the same platform as FB is using?
rawrschach
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It's the same I think, the futuresbetting site auto forwards to pro spreads
Phil Mibbutz
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As per other thread, Prospreads is Futuresbetting rechristened and made even less tempting.
Yes I noticed, they have auto forward. They probably do not want to continue being mixed up with the futures. I think it is a smart move to get a new name for the company.
No, it's not white labeling. Just a name change.
Yes you are right, I noticed it after my initial posting.
ProSpreads
ProSpreads is just a rebranding from what I can tell
It does make me laugh though some of the comments in general on T2W (not just this thread) - Where people absolutely slate a company, or it's service - but have actually never tried it or experienced it
ProSpreads is just a rebranding from what I can tell
It does make me laugh though some of the comments in general on T2W (not just this thread) - Where people absolutely slate a company, or it's service - but have actually never tried it or experienced it
Spread
So on Emini S&P - It is effectively +X on a MARKET order - Not a LIMIT order where normally you would sit in a queue and not get an instant fill
From looking at the website X is 0.2 if you do under 200 trades, and 0.125 if you do over.
So on Emini S&P - It is effectively +X on a MARKET order - Not a LIMIT order where normally you would sit in a queue and not get an instant fill
From looking at the website X is 0.2 if you do under 200 trades, and 0.125 if you do over.
Phil Mibbutz
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Who's doing that?
No, you pay the +X on a limit order too, if it gets filled. It's the same X, and is fixed and transparent per contract, and it's how they make their money.
The point I was trying to make is that people want to know total spread, and it's simply fixed spread plus whatever the actual market spread is, for any type of order.
Now some people, with a limit order, view it as not paying the market spread, since if you buy at the bid price and get filled, you didn't pay the spread that was there when you initiated the order. I think it's a personal opinion how you like to view it.
someone needs to confirm if the FB/prospread service is real DMA. I have started noting lately that if I join the bid and say there were x lots on the bid, my order is not filled even after x lots have traded at the bid level (I have checked that with exchange time and sales). Also I checked that if I join the bid/offer, it is not reflected in the exchange order book which one can check from some other broker feed or exchange terminal. This can be easily tested by joining bid/offer for an illiquid market at quiet time.
This seems to indicated that the orders are not actually DMA and instead internalised. That would make them no different from any other spread betting company.
can someone confirm my impression by testing on your platform/system.
This seems to indicated that the orders are not actually DMA and instead internalised. That would make them no different from any other spread betting company.
can someone confirm my impression by testing on your platform/system.
It's not going to be direct access to the markets, because it's BETTING, i.e. you are taking a postion set by the bookies (pro spreads). However, to replicate DMA, they ensure all orders are matched on the exchanges, and have a fixed spread. So you are not being 'manipulated' by the bookmaker, which does happen with many SB companies.
It's the closest simualtion of DMA you can get with a betting firm.
But it's rediculous to say you want direct access to the market, because then it wouldn't be betting, it would be buying and selling
