I had a demo spread betting account with Accendo Markets. It had real time prices (from what I remember) and didn’t have a time limit. I say from memory as it was about 6 months ago that I stopped using the demo and went to a live account. They’re research is also pretty good!
I use IG (through Accendo Markets) and have had no issues. I’ve tried the other brokers (CMC/CityIndex etc) but they do not offer DMA which is what I wanted.
You’ll find negative reviews for everyone so I suggest you try them out and see how you get on.
If you are going to use IG, use their L2...
Your initial guaranteed distance of 5% was intact until there was takeover speculation. When this happens, it is normal for spread betting companies to widen the minimum distance for guaranteed stops.
This is the norm across the industry
I use Accendo Markets who helped me from day one. I was a complete beginner and they set me up with a platform as well as providing me with lots of educational information.
With CFDs, you have the option of trading via DMA (direct market access) which means you get better liquidity/better pricing and your orders go straight onto the exchange rather than through a broker
Most spread betting firms will incorporate a charge of roughly 0.1% (which is built into the spread).
You might find spread betting a bit of a pain in terms of being re-quoted and not getting good fills.
You might want to consider CFDs (contracts for difference). In particular, a provider that...
No, it’s because interest rates are so low at the moment. Once interests start going up (above 2.5%), you’ll start receiving interest on your short positions
You are correct. With IG, you will pay libor + 2.5% for longs and receive libor -2.5% for shorts. However, as Libor is currently around 0.5%, libor -2.5% = +2% roughly. So whilst libor is so low, you’re actually paying overnight financing for short positions
I tend to use it a lot! In the most basic terms, it consists of combining various exchanges to give you better liquidity. Most platforms which offer Direct Market Access only give you to one exchange LSE (London Stock Exchange) whereas with a provider that offers MTFs, you tend to get more. The...