Spreadco now apparently offering 0.8pt spreads on UK100, US30 and EUR/USD. Is there a catch?
worldspreads does zero i think
That's the claim, but does anyone really get 0pt?
someone could say the same about the "0.8" spread ...
Hi guys,
I read this forum regularly but never post, got a few things to say now though ...
I fail to understand, so please correct me if I am wrong, what the point is in having 0 or 0.8 point spreads when you will get re-quotes, platform crashes, filled at worse prices, etc, etc?
Also, Ross Spur, I see you post quite actively, just wondering who you actually spread bet with? Given that most of the posts I see from you are in a less than positive light.
DEM
When it comes to Cityindex and 1 point spread on the Dow doesn't seem to be just a marketing ploy. They have had it for quite a while now. They also seem to be excuting well, at least this is what I have read from traders posting on this forum.On the point of WorldSpreads - you need to put down a big deposit to be eligible. I actually fail to see what the point of 0.8 point spread and a 1 point spread is. Just a marketing ploy.
When it comes to Cityindex and 1 point spread on the Dow doesn't seem to be just a marketing ploy. They have had it for quite a while now. They also seem to be excuting well, at least this is what I have read from traders posting on this forum.
Spreadco now apparently offering 0.8pt spreads on UK100, US30 and EUR/USD. Is there a catch?
Don't get caught in spreadhunting. Who cares about spreads, provided that they are low? Service and reliability. Ease of withdrawal of funds--all are very important. Also, NOT having to telephone with enquiries or complaints. I used to spreadbet for two points and it was reduced to one. Very nice and appreciated. Looking for 0.8? you should be spending your time looking for moves, not bargain hunting for spreads. A good trade is more important.
Who cares about spreads, provided that they are low?
That's the point (no pun intended). Some SBs give wider spreads and poor service, I find, so it's worth trying new offers.
I opened account with SpreadCo about 2 weeks ago and had about 10 trades so far.
I had no re-quotes, no crashes and I have no problems with them.
As some of you know WorldSpreads have £100k competition where you need to get 10 successful trades to qualify and I use my SpreadCo account to hedge some of the positions.
I think you will have problems with spread betting companies when you trade with a lot of money.
Spread Betting companies should hedge their positions on the open market but not all of them do so and thus use some dodgy techniques. If you have a problem with a spread betting broker you should compain to the FSA as by law spread betting companies have to be able to close your position at any given time (when the market is open).