FuturesBetting.com Re-Launching

[futuresbetting]

I was more concerned with the lack of any security when inputting personal details, do you not think it would be worth setting up a secure page to input details as other brokers/banks do ?

This level of security is currently being implemented

 

[DMFXTrader]

I am new to futures so was wondering if somebody could give me an example of typical trade on the US$/£. If I was to place a £20 trade what is the typical market spread on $/£ and what is the commision that you would pay for a round trip?

From what I understand spreads are bigger on the futures market compared to the spot market.

 

[gc1]

From what I understand spreads are bigger on the futures market compared to the spot market.

I would suggest looking at the CME forex future quotes and decide this for yourself:

http://equivalentsrdc.cme.com:443/index.html

But remember there is only liquidity in currencies against the US$, not in any crosses.

For the other part of your question I leave it to others to answer.

 

[IANLEE]

Is there a Demo account or just a Demo video ? I only see the latter.

 

[futuresbetting]

Is there a Demo account or just a Demo video ? I only see the latter.

yes there is a demo account,online application form required though.

 

[IANLEE]

yes there is a demo account,online application form required though.

Thanks for that.

Please post here to inform us if and when application form will encrypt personal data

 

[futuresbetting]

I noticed that there is no thread for discussing Saxo Bank on this forum. Has anyone had any experience in dealing with them? If so what are your thoughts?

This is what I think.

IMHO their spreads are too wide (3 Point FTSE, 7 Point Dow, 5 point CABLE), margin requirements too great (10% on indices since the August volatility!) and their platform is too unreliable and slow. Also for the DMA CFD's you need to pay a monthly subscription fee to the relevant exchanges while ig markets give this for free. Saxo's overnight financing is LIBOR plus 3, which is edging on the more expensive side.

There is a 10 Basis point mark up on the Equity CFD's and that isn't DMA. IG's DMA is 10 and CMC is 8 basis points for non DMA.

One good thing is the ability to use stocks and bonds as collateral for speculative trading, which I imagine would appeal to people with a mix of long term views and short term. Also 160 fx pairs is very impressive, despite the fact that the spreads are very variable around news and wide for the rest of the time.

Also you find that if you do less than 1/2 a lot on the major FX pairs (£50,000 on cable for example, roughly £2.50 a point) you will get a $10 fee to cover administration. Now this wouldn't bother most people who trade heavily and have a sizable amount of risk capital but for a newbie over £2.50 per point is alot of risk and can be a very easy way to loose money.

Your fund's arn't segregated either but if you hold less than 40,000 euro's then you are protects by the Danish FSA.

They do however offer trailing stops and have a very good in house analyst team. They also give you UBS, BARCAP and Commonwealth bank of Australia FX analysis for free which is a good perk. Also you can see you entry points and pending orders on the charts which is handy, although you can't drag them up and down on the graph into new positions like GFT.

In short - Very expensive compared to competition, nice platform and range of fx pairs, lots of instruments on their platform but don't like the lack of fund segregation, the sizable and variable spreads plus the fact Saxotrader 2 seems very unreliable and freezes and crashes more than others I have used. Also im not sure if I would trust the Danish FSA as I would the english. They have had their authorization passported into the UK but they are still supervised by their home regulator.

Personally as a Spreadbetter I don't see any reason to switch to their services as they are very expensive, the platform is unreliable, the margin requirements would't allow me to diversify as much as I would like too and of course it's not tax free.

Im sticking to spreadbetting for now and when I need to upgrade it's straight to Interactive Brokers.

Any thoughts?

JK

have you looked at Futuresbetting.com
spreads are tight and a platfrom which is DMA with no requotes

 

[eagletower]

hi

a little confused here, looked at futuresbetting and I am under the impression they are a spread betting firm, so how do you get DMA?

 

[Joey25]

Minimum activity fee?

Futuresbetting,

I'm interested in your service. My question is whether there is a minimum activity fee like the DMA brokers charge? If not, do you require a minimum number of trades per month?

Thanks,
Joey

 

[futuresbetting]

Futuresbetting,

I'm interested in your service. My question is whether there is a minimum activity fee like the DMA brokers charge? If not, do you require a minimum number of trades per month?

Thanks,
Joey

there are no fee's for inactivity, when you bet then the Fbc spread is added,thats all

 

[futuresbetting]

hi

a little confused here, looked at futuresbetting and I am under the impression they are a spread betting firm, so how do you get DMA?

you get the exchange prices,when you place a bet ,you pay a spread to Fbc which is fixed.
on the platform you can either see the prices including the FBC spread or just the actual prices.Your p&l on the platform will always include the FBC spread in either case

 

[eagletower]

you get the exchange prices,when you place a bet ,you pay a spread to Fbc which is fixed.
on the platform you can either see the prices including the FBC spread or just the actual prices.Your p&l on the platform will always include the FBC spread in either case

sounds really good, is the execution quick? or can you still suffer from requotes?

 

[riogordo]

I use FB and the execution is very quick and never any requotes. To me they are streets ahead of any other spreadbetting companies. The software is quite complicated at first but they will simplyfy it for you and you can introduce all the bells and whistles when you require them. Minimum account balance though is £2,500, but well worth it to illeviate all the frustration that other SB's give you.

 

[futuresbetting]

sounds really good, is the execution quick? or can you still suffer from requotes?

there are no requotes, and instant fills no time delay, visit FuturesBetting - Financial Spread Betting Homepage for full platform guide.

 

[eagletower]

there are no requotes, and instant fills no time delay, visit FuturesBetting - Financial Spread Betting Homepage for full platform guide.

will have a butchers, thanks for your replies guys

 

[marlintrdg]

there are no requotes, and instant fills no time delay, visit FuturesBetting - Financial Spread Betting Homepage for full platform guide.

futuresbetting, the previous operators of this company had one of the best spreadbetting equities platforms I have seen to-date.

Are you planing to re-launch this as well or even better have an option for your CS clients to use it.

Why waste a good thing?

 

[futuresbetting]

futuresbetting, the previous operators of this company had one of the best spreadbetting equities platforms I have seen to-date.

Are you planing to re-launch this as well or even better have an option for your CS clients to use it.

Why waste a good thing?

Futuresbetting are live again, but only offering spreadbetting on financial futures

 

[Phil Mibbutz]

Anyone have any experience of using NinjaTrader with FB?

 

[futuresbetting]

Anyone have any experience of using NinjaTrader with FB?

just to let you know Phil, that we have a number of people using Ninja, and they generally seem very happy.

 

[Interceptor]

A couple of questions, if you don't mind.
Does speed of execution suffer as trade size increases?
What's the max. position sizing, without rocking the boat too much?

Thanks.