Smart Live Markets - Spread Bet on MT4

Hello
I am sorry you were not aware how Indices trade.

It was explained to you by my colleague that you were correctly debited for the dividend, as you were short, and that the opening price the next day was the same number of points lower than it would otherwise have been to allow for this.

Thus there was no cost to you.

This is trading Indices works.

If you had been long, you would have received the dividend, but the price would have opened down, so you would have been no better off.

Regards
SLM
I notice that you disable the EA and script prior to the news, any comment on this?
 
Hello
For the record.....

We are NOT the same company as the casino group you mention.
We are an independant UK registered company fully registered with the FSA.

The gaming group is our sister company, and we are in the same bulding as them, which obviously makes financial sense.

Regards

SLM

what the difference ?!
 
"If you had been long, you would have received the dividend, but the price would have opened down, so you would have been no better off."

not strictly true in the real world

especially as you do not close trading at 4:30
 
come off it SLM
dont get religious on us


lets hope then that we never have to live the corporate veil

would you care to show us your balance sheet ?
and the major shareholders in your holding company ?

Hello

Sorry I was trying to be helpful.

We are a limited company and as such, like every other UK registered limited company we have to register our accounts with companies house.

You are perfectly free to buy a copy if you wish, as you can for any other company. This also lists all private shareholders in the company.

Hardly a veil !

Regards
SLM
 
SLM

it is the device of being a separate company which is the veil


"Piercing the corporate veil describes a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil."
 
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Originally Posted by gle101
I notice that you disable the EA and script prior to the news, any comment on this?



Hello

With repect that is utter rubbish!
Why on earth would you come out with a statement like that?

SLM

with all due respect , shouldnt u use a better language :rolleyes:
 
with all due respect , shouldnt u use a better language :rolleyes:
Can we cut out the sniping and carry on whether we agree with the replies put out by SML or not? At least they have the guts to come on and put their view. GLE101 - if you are so dissatisfied it might be worth moving your trading funds to somebody else and see how they treat you as a customer.
 
If you are so dissatisfied it might be worth moving your trading funds to somebody else and see how they treat you as a customer.

I agree :clap:

Over this last week I have looked at a number of trade platforms from ECN brokers and UK Spread Bet firms.

ECN is the best but most firms are USA based and there seems to be a lag on feeds with the demo's I tried.

UK ECN's you need a big account balance and if any of us get an account balance of £25k then ECN would be the next step up.

On a funny not I looked at London Capital Group who have FIXED SPREADS, but here is a copy of email chat:

Is your MT4 platform ECN ? no, but we are currently working on a STP solution
Max Leverage ? 300:1 for FX
Do you have a dealing desk ? yes, our extremely experienced desk is very popular with our customers due to the help and advise offered
Min Deposit ? $2,000 or equivalent in £ or EUR
Min Lots ? 0.1
Is any of your platforms ECN ? Yes, our Currenex platform is ECN but the minimum deposit is $20,000
Dealing Desk. I mean do you have desk trading against my positions ? Yes I understand, we would initially have the opposing position as the trade is executed.
Spreads. Fixed or variable ? Fixed

So open that they will deal against you ! I then tried to download there MT4 platform but it crashed:
Yes, I’m sorry JD but we have a small hiccup with our demo platform currently, our IT guys are working on it presently. It’s embarrassing but I trust we will have it sorted soon.

So thats one to stir clear off IN MY VIEW :-0

Looked at the Oanda MT4 but still only 50:1 leverage

Conclusion:
Not liking the move on SLM to variable spreads but as a Spread Betting company in my view is the ONLY UK SB firm to trade with. :cool:
 
Originally Posted by gle101
I notice that you disable the EA and script prior to the news, any comment on this?



Hello

With repect that is utter rubbish!
Why on earth would you come out with a statement like that?

SLM
Sorry, but if I tried the scripts five minutes before they work fine, within half a minute of the news they don't work. This have occurred on many occasions. So with all respect my question is a valid one and not meant to offend you or SLM.
 
Can we cut out the sniping and carry on whether we agree with the replies put out by SML or not? At least they have the guts to come on and put their view. GLE101 - if you are so dissatisfied it might be worth moving your trading funds to somebody else and see how they treat you as a customer.
I like SLM and what they try to accomplish with the MT4 platform. So I am not interested at the moment leaving them. My hopes is that they will improve over time as I have quite a long outlook testing out a new SB company.
 
I like SLM and what they try to accomplish with the MT4 platform. So I am not interested at the moment leaving them. My hopes is that they will improve over time as I have quite a long outlook testing out a new SB company.

YES YES YES!! :clap: I think all these niggles will be ironed out but taking it a step further, I'm not sure there are any niggles anymore to be honest. I think we all just like to MOOOOAAAANNNNN :mad:
 
Question to SLM:

All MT4 platforms come with MT4 Virtual Dealer plug-in.

Does SLM have this feature installed and running ?
 
Sorry, but if I tried the scripts five minutes before they work fine, within half a minute of the news they don't work. This have occurred on many occasions. So with all respect my question is a valid one and not meant to offend you or SLM.

I cant see how it would be possible for them to dissable scripts. Experts maybe (although i trade an EA and it traded fine). Some scripts only run locally so wouldnt interact with the SLM server at all.
 
I cant see how it would be possible for them to dissable scripts. Experts maybe (although i trade an EA and it traded fine). Some scripts only run locally so wouldnt interact with the SLM server at all.
They can disable the EA whenever they wish (not sure that they done so though). Scripts I took it for granted one understand, that they will not accept the order coming through to the server at a specific time. It is more likely this is the case when one use EA or scripts if the order doesn't go through resulting in execution.
 
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