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CMC Markets
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- sultank
- 5.00 star(s)
Fantastic trading platform - intuitive and easy to use.
Have been using their new spreadbet platform, both for web and iPhone and its been a very good experience so far. The spreads are narrow and pretty consistent. I love the iPhone app - its the best mobile trading app i have ever used. i'd like them to add trailing stops and better charting. Perhaps a news ticker as well. But very pleased so far.
Very spooky - I just logged in today and they have added trailing stops and the charts have additional functionality.
Have been using their new spreadbet platform, both for web and iPhone and its been a very good experience so far. The spreads are narrow and pretty consistent. I love the iPhone app - its the best mobile trading app i have ever used. i'd like them to add trailing stops and better charting. Perhaps a news ticker as well. But very pleased so far.
Very spooky - I just logged in today and they have added trailing stops and the charts have additional functionality.
- mmillar
- 5.00 star(s)
Market Maker 5
10th Feb - Deal4Free release a new version of their software called MarketMaker 5.
Key differences and upgrades
1. The whole thing has Windows XP look and feel.
2. The product is much more flexible in the way it lets you organise data. e.g. you can now have individual prices, groups of prices, charts, and your realtime position all up and scattered around the screen in various different windows.
3. They have got their layouts working. So I can save an array of charts and prices in the exact place on the screen and get everything back exactly as I want it every time. e.g. I have a morning layout for European markets, an afternoon layout layout for the US, and a laptop layout for my laptops little screen. I can switch between the three layouts at the click of a button.
4. They've included stochastics in their charting. I've asked them to include CCI so hopefully that will come later. They've told me that they have a full time developer working on charts now so hopefully more improvements to come in the future.
10th Feb - Deal4Free release a new version of their software called MarketMaker 5.
Key differences and upgrades
1. The whole thing has Windows XP look and feel.
2. The product is much more flexible in the way it lets you organise data. e.g. you can now have individual prices, groups of prices, charts, and your realtime position all up and scattered around the screen in various different windows.
3. They have got their layouts working. So I can save an array of charts and prices in the exact place on the screen and get everything back exactly as I want it every time. e.g. I have a morning layout for European markets, an afternoon layout layout for the US, and a laptop layout for my laptops little screen. I can switch between the three layouts at the click of a button.
4. They've included stochastics in their charting. I've asked them to include CCI so hopefully that will come later. They've told me that they have a full time developer working on charts now so hopefully more improvements to come in the future.
- catsdad100
- 5.00 star(s)
Deal4Free Spreadbet
I have used Deal4Free for couple of years and cannot understand all the problems reported about spreads and requotes. Apart from a period where I became a bad boy for trading too frequently and ended up with all my trades via a dealer, they are extremely fair. For UK FTSE 100 stocks their cash prices are generally identical to those shown on Level 2. Smaller amounts (£5 on RBS, GSK, AZN or £10 on HBOS, BARC etc) go straight through instantly on the automatic system at exactly the price shown. So, you can Buy (and Sell) at exactly the Level 2 price, with no costs or Stamp Duty - forgive my stupidity but what can be wrong with that ? Their software is 95% reliable, phones are answered quickly and pleasantly, they usually stand by the price you try to get on the very odd occasion you are held for a requote. I strongly suspect that anybody who feels they are less than excellent has never tried some of the alternatives, who manipulate prices, requote almost every time, have system problems constantly etc. With D4F I at least feel that they want my business and treat me accordingly, whereas my other experiences left me feeling that emptying my account as fast as possible was their sole mission.
I have used Deal4Free for couple of years and cannot understand all the problems reported about spreads and requotes. Apart from a period where I became a bad boy for trading too frequently and ended up with all my trades via a dealer, they are extremely fair. For UK FTSE 100 stocks their cash prices are generally identical to those shown on Level 2. Smaller amounts (£5 on RBS, GSK, AZN or £10 on HBOS, BARC etc) go straight through instantly on the automatic system at exactly the price shown. So, you can Buy (and Sell) at exactly the Level 2 price, with no costs or Stamp Duty - forgive my stupidity but what can be wrong with that ? Their software is 95% reliable, phones are answered quickly and pleasantly, they usually stand by the price you try to get on the very odd occasion you are held for a requote. I strongly suspect that anybody who feels they are less than excellent has never tried some of the alternatives, who manipulate prices, requote almost every time, have system problems constantly etc. With D4F I at least feel that they want my business and treat me accordingly, whereas my other experiences left me feeling that emptying my account as fast as possible was their sole mission.
- thewiz
- 5.00 star(s)
CMC / Deal4Free
Not a regular poster on these kind of boards, but felt I just had to stand up for CMC, who I have used for just over a year now on a daily basis.
I think they run an excellent business - and although I use other spreadbet companies for options etc, I wouldn't dream of putting any FTSE100 or currency bets anywhere else.
The spreads are superb. Anyone whingeing about requotes should run a level 2 screen alongside the CMC screen to see why they won't offer you say RBS at 1610 in £50 when they are only offered in say 10 shares in the market ... they are not a charity! Take a look at their spreads in cash gold, where they are half a dollar compared to up to one and a half dollars elsewhere !
The new software is a big step forward - ok the charting package is not going to win any awards - but for pure speed and flexibility (especially over multiple monitors), you're not going to find better. One word of warning: do check the financing adjustments made on your rolling cash bets - they do make the odd mistake - but everytime I have pointed it out they have been very quick to put it right.
I sound like I work at the place - but I can assure you I don't ... just wanted to balance some of the negative comments out there, which I think are just ignorant.
Not a regular poster on these kind of boards, but felt I just had to stand up for CMC, who I have used for just over a year now on a daily basis.
I think they run an excellent business - and although I use other spreadbet companies for options etc, I wouldn't dream of putting any FTSE100 or currency bets anywhere else.
The spreads are superb. Anyone whingeing about requotes should run a level 2 screen alongside the CMC screen to see why they won't offer you say RBS at 1610 in £50 when they are only offered in say 10 shares in the market ... they are not a charity! Take a look at their spreads in cash gold, where they are half a dollar compared to up to one and a half dollars elsewhere !
The new software is a big step forward - ok the charting package is not going to win any awards - but for pure speed and flexibility (especially over multiple monitors), you're not going to find better. One word of warning: do check the financing adjustments made on your rolling cash bets - they do make the odd mistake - but everytime I have pointed it out they have been very quick to put it right.
I sound like I work at the place - but I can assure you I don't ... just wanted to balance some of the negative comments out there, which I think are just ignorant.
- fudgestain
- 5.00 star(s)
D4F
As a regular user of D4F they are the outstandingly best UK platform for online trading .. my interest is the Dow. What other platform is there? No offense intended but Finspread does not compare; when you want to trade you have to wait while they bring up a price .. really sweet.
There have been a few recent problems with the D4F platform which are irritating when they occur. The live graph currently appears not to working properly with intermittent dotting instead of the actual price movements but anyhow I use LiveCharts at Quote.com (and recently they went intermittently bad for a couple of days).
But D4F gives you a live, continuous and sensitive 'prices meter' with an instant trading facility. Cool. And then there is lovely tax free feature of all spreadbetting .. bliss!
As a regular user of D4F they are the outstandingly best UK platform for online trading .. my interest is the Dow. What other platform is there? No offense intended but Finspread does not compare; when you want to trade you have to wait while they bring up a price .. really sweet.
There have been a few recent problems with the D4F platform which are irritating when they occur. The live graph currently appears not to working properly with intermittent dotting instead of the actual price movements but anyhow I use LiveCharts at Quote.com (and recently they went intermittently bad for a couple of days).
But D4F gives you a live, continuous and sensitive 'prices meter' with an instant trading facility. Cool. And then there is lovely tax free feature of all spreadbetting .. bliss!
- Masterful
- 5.00 star(s)
Deal4Free Spreadbet
This review is from a spread betting perspective.
In comparison to other firms deal4free have the tightest spreads i have seen, i challenge anyone to enlighten me as to a cheaper option here (spread betting only).
They have a broad range of instruments however if you are looking to trade smaller cap US stocks they will not cover these.
Occasionally in fast markets you may get re-quoted price, however this will depend on your trade size and trading £1-5 per point I hardly ever get re-quotes.
Whether you get re-quoted will also depend on your trading style, if trying to scalp (not advised with spread betting) you will undoubtedly get re-quotes.
The trading platform is rather resource intensive, with the new IT Finance Charting system it is the best trading platform of any spread betting firm imo (again I welcome anyone to challenge this) , offering customisable indicators and option to write your own indicators and systems and then back-test them on spreadbet data. The charting is surprisingly good however again is resource intensive, with recent updates to platform I have found it less reliable that it used to be due to increased computer requirements, sometimes charts can take a while to load and sometimes simply wont at all around busy market hours, though once loaded they update fine. However if ur using your own charts package then the execution side of the trading platform is robust.
They also have real-time account monitoring, which keep tracks of positions and account balance. However they keep track of positions at market price rather than bid/offer which doesnt give you exact profit/loss on eacj trade only out by a few pounds here and there but still annoying. Once the trade has been exited they obviously give exact P/L with executed entry and exit price.
They have a good range of strategy orders with market, GTC and Day Stops, One Cancels Other, Controlled Risk Bet etc.
On support there is a live chat option through which you can speak to different depts of D4F regarding general enquires perhaps on software or to dealers regarding execution. I have always found the chat to be quick and efficient in solving problems.
Whilst Deal4free spreadbet is not the ideal platform for an active day trader to work for, as a spread betting from in general I think it is by far the best out there.
This review is from a spread betting perspective.
In comparison to other firms deal4free have the tightest spreads i have seen, i challenge anyone to enlighten me as to a cheaper option here (spread betting only).
They have a broad range of instruments however if you are looking to trade smaller cap US stocks they will not cover these.
Occasionally in fast markets you may get re-quoted price, however this will depend on your trade size and trading £1-5 per point I hardly ever get re-quotes.
Whether you get re-quoted will also depend on your trading style, if trying to scalp (not advised with spread betting) you will undoubtedly get re-quotes.
The trading platform is rather resource intensive, with the new IT Finance Charting system it is the best trading platform of any spread betting firm imo (again I welcome anyone to challenge this) , offering customisable indicators and option to write your own indicators and systems and then back-test them on spreadbet data. The charting is surprisingly good however again is resource intensive, with recent updates to platform I have found it less reliable that it used to be due to increased computer requirements, sometimes charts can take a while to load and sometimes simply wont at all around busy market hours, though once loaded they update fine. However if ur using your own charts package then the execution side of the trading platform is robust.
They also have real-time account monitoring, which keep tracks of positions and account balance. However they keep track of positions at market price rather than bid/offer which doesnt give you exact profit/loss on eacj trade only out by a few pounds here and there but still annoying. Once the trade has been exited they obviously give exact P/L with executed entry and exit price.
They have a good range of strategy orders with market, GTC and Day Stops, One Cancels Other, Controlled Risk Bet etc.
On support there is a live chat option through which you can speak to different depts of D4F regarding general enquires perhaps on software or to dealers regarding execution. I have always found the chat to be quick and efficient in solving problems.
Whilst Deal4free spreadbet is not the ideal platform for an active day trader to work for, as a spread betting from in general I think it is by far the best out there.
- aidan1970
- 5.00 star(s)
Good broker
I have no complaints with CMC - good spreads, good charting and good committment to enhancing the platform. One thing I would say is that you need to ensure that you have good memory on your PC otherwise the CPU can get overloaded leading to the platform freezing.
I have no complaints with CMC - good spreads, good charting and good committment to enhancing the platform. One thing I would say is that you need to ensure that you have good memory on your PC otherwise the CPU can get overloaded leading to the platform freezing.
- KidPlunger
- 5.00 star(s)
Great Spreads, Great Platform, Great Service
No complaints at all! I did a spread comparison with other firms and found them either better or equal to other firms for what I trade. Good platform with excellent charting and fast execution. I also found the default layout feature really helpful. 24- hour dealing and customer support, very happy!
No complaints at all! I did a spread comparison with other firms and found them either better or equal to other firms for what I trade. Good platform with excellent charting and fast execution. I also found the default layout feature really helpful. 24- hour dealing and customer support, very happy!
- cdenning
- 5.00 star(s)
Good platform, good value seminars
I've been a CMC customer for a few months and am so far impressed with the company as a whole. The spreadbet trading application is well designed, and a new version has just been released. They do a range of free and paid-for seminars and workshops. The paid-for ones cost around £200 and they teach you a lot. There's no need to pay thousands for certain other trading courses!
I've been a CMC customer for a few months and am so far impressed with the company as a whole. The spreadbet trading application is well designed, and a new version has just been released. They do a range of free and paid-for seminars and workshops. The paid-for ones cost around £200 and they teach you a lot. There's no need to pay thousands for certain other trading courses!
- Trader1691
- 4.00 star(s)
Customer Service is top notch!
I've been a customer with CMC Markets for 6 years and used to Spread Bet on their Market Maker platform. Once they moved me across to the NextGen platform I was unsure and wasnt best pleased. But once the account was open and I got used to it, I must say I was wrong and ate my words of discontent. I trade mainly FX and have benefited from all NextGen has to offer.
The charting package is like no other, the app is brilliant, spreads are as tight as you like......customer service team treat you amazingly well and respond to emails and calls straightaway
Happy customer sharing my experience with any platform shoppers out there!
I've been a customer with CMC Markets for 6 years and used to Spread Bet on their Market Maker platform. Once they moved me across to the NextGen platform I was unsure and wasnt best pleased. But once the account was open and I got used to it, I must say I was wrong and ate my words of discontent. I trade mainly FX and have benefited from all NextGen has to offer.
The charting package is like no other, the app is brilliant, spreads are as tight as you like......customer service team treat you amazingly well and respond to emails and calls straightaway
Happy customer sharing my experience with any platform shoppers out there!
- peto
- 4.00 star(s)
D4F Spreadbet (and CFD)
Uses the almost the same quotes as D4F CFD, with spreads just 1 point wider in some instances. No bias although all index prices are based on futures prices so it might seem like there is if you are watching the actual index prices. Both have reasonable real-time charts but CFD charts are better.
Foreign Exchange prices are competitive with the open market (better at times) so a good choice for tax free FX dealing.
Index spreads are easily the best in the S B market (but still about twice what you'd find for true Futures). Fills can be very fast if you get automated service (about 1 second). In my experience auto-fills were usualy available during market hours on the major indexes on reasonably small bets, but sometimes very slow (30 secs?) outside of these times and on lesser indexes like the Spanish IBEX leading to re-quotes.
Trading Platform loads in 30 secs or so after initial downloading, is stable, allows limit/stops/oco. Account status is always 10 odd minutes out of date, irritatingly.
Customer Service is good
Due to the taxfree benefits I would reccommend them for FX trading; and Index trading if your time horizon is over 1 or 2 hours on open positions. For shorter term trades get a futures account as the spread will kill you!
Individual shares - can't comment, no experience
Uses the almost the same quotes as D4F CFD, with spreads just 1 point wider in some instances. No bias although all index prices are based on futures prices so it might seem like there is if you are watching the actual index prices. Both have reasonable real-time charts but CFD charts are better.
Foreign Exchange prices are competitive with the open market (better at times) so a good choice for tax free FX dealing.
Index spreads are easily the best in the S B market (but still about twice what you'd find for true Futures). Fills can be very fast if you get automated service (about 1 second). In my experience auto-fills were usualy available during market hours on the major indexes on reasonably small bets, but sometimes very slow (30 secs?) outside of these times and on lesser indexes like the Spanish IBEX leading to re-quotes.
Trading Platform loads in 30 secs or so after initial downloading, is stable, allows limit/stops/oco. Account status is always 10 odd minutes out of date, irritatingly.
Customer Service is good
Due to the taxfree benefits I would reccommend them for FX trading; and Index trading if your time horizon is over 1 or 2 hours on open positions. For shorter term trades get a futures account as the spread will kill you!
Individual shares - can't comment, no experience
- AC1
- 4.00 star(s)
D4F
All peto has said plus:
Good for smaller bets (<£10/point) on UK FTSE100 shares because most of the time, there is no extra spread added on.
US share bets not so good: minimum spread is 5 and they frequently increase to 10 or 15 in volatile conditions. I have seen the spread jump to 100 e.g. EBAY and remain there for a minute or so.
And to repeat peto: scalping indices for < say 20 points will kill you.
All peto has said plus:
Good for smaller bets (<£10/point) on UK FTSE100 shares because most of the time, there is no extra spread added on.
US share bets not so good: minimum spread is 5 and they frequently increase to 10 or 15 in volatile conditions. I have seen the spread jump to 100 e.g. EBAY and remain there for a minute or so.
And to repeat peto: scalping indices for < say 20 points will kill you.
- orchard
- 4.00 star(s)
Deal4Free
As a relative newcomer to D4F I initially found it quite cumbersome. However their back-up is good, although it does take some time to trade, then further time to enter a stop.
One big drawback I find is that if you close a trade you have to remember to cancel the stop, otherwise you finish up with a trade you didn't want.
Would not want to trade the Dow dailies on it, blink and you've missed several moves, I am too much of a novice as of yet.
Overall, service not bad. Their statements were confusing to someone not used to rolling bets, but once sorted out are very clear.
As a relative newcomer to D4F I initially found it quite cumbersome. However their back-up is good, although it does take some time to trade, then further time to enter a stop.
One big drawback I find is that if you close a trade you have to remember to cancel the stop, otherwise you finish up with a trade you didn't want.
Would not want to trade the Dow dailies on it, blink and you've missed several moves, I am too much of a novice as of yet.
Overall, service not bad. Their statements were confusing to someone not used to rolling bets, but once sorted out are very clear.
- bdholmes
- 4.00 star(s)
CFD ftse100 spreads
I don't understand this critisism. I have compared D4F's prices with those supplied by Esignal and MyTrack, and the bid and offer prices were identical.
The above statement is based on watching CFD Single Price Windows in MarketMaker v5 of FTSE100 stocks. I haven't actually traded with D4F yet. The prices supplied by D4F were about a second behind Esignals/Mytrack but were always the same. D4F say the SB prices are the same as CFD ones, I haven't verified this.
What you say might be true for other stocks, as I have only checked some FTSE100 ones. I was talking to someone at the CMC seminar on Thursday and he said to ONLY trade FTSE 100 stocks as D4F is uncompetitive elsewhere. How can you justify what you say for FTSE100 stocks, given what I've seen? I'm planning to only trade FTSE100 stocks, so the fact that the outer-mongolian stocks' spreads are loose, doesn't bother me. Are orders actually filled at completely different prices than are shown in the Single Price Windows?
I don't understand this critisism. I have compared D4F's prices with those supplied by Esignal and MyTrack, and the bid and offer prices were identical.
The above statement is based on watching CFD Single Price Windows in MarketMaker v5 of FTSE100 stocks. I haven't actually traded with D4F yet. The prices supplied by D4F were about a second behind Esignals/Mytrack but were always the same. D4F say the SB prices are the same as CFD ones, I haven't verified this.
What you say might be true for other stocks, as I have only checked some FTSE100 ones. I was talking to someone at the CMC seminar on Thursday and he said to ONLY trade FTSE 100 stocks as D4F is uncompetitive elsewhere. How can you justify what you say for FTSE100 stocks, given what I've seen? I'm planning to only trade FTSE100 stocks, so the fact that the outer-mongolian stocks' spreads are loose, doesn't bother me. Are orders actually filled at completely different prices than are shown in the Single Price Windows?
- v01101999
- 4.00 star(s)
D4F
I have been using CMC/D4F for over 3 years now and I have seen that how their software has grown in functionality and stability and how much effort they put on their system.
I trade forex/index/gold/oil with them and have in past compared their prices with other providers (oanda for example) and their spreads are equal or better.
I do get sometimes "requote" but that is understanable given the trade size or market volatility.
The only time I was not happy with them because I was trading too much and too fast and trying to find someone else to blame for my losses. If I am trying to get 10 points scalp and market moves against me and I also get a requote on top, of course I will be unhappy. But this can happen any where.
Once I have started trading in a discipline, I am making money with them as well as I think they are makign money in the "market making" and "flow".
I do not think their business model is the bookie business model -> suck all blood out of your client.
I have been using CMC/D4F for over 3 years now and I have seen that how their software has grown in functionality and stability and how much effort they put on their system.
I trade forex/index/gold/oil with them and have in past compared their prices with other providers (oanda for example) and their spreads are equal or better.
I do get sometimes "requote" but that is understanable given the trade size or market volatility.
The only time I was not happy with them because I was trading too much and too fast and trying to find someone else to blame for my losses. If I am trying to get 10 points scalp and market moves against me and I also get a requote on top, of course I will be unhappy. But this can happen any where.
Once I have started trading in a discipline, I am making money with them as well as I think they are makign money in the "market making" and "flow".
I do not think their business model is the bookie business model -> suck all blood out of your client.
- adatherton
- 4.00 star(s)
Tightest spreads and 1-second charts for real HF traders
CMC is perfect for trades lasting seconds or minutes, as they have chart time ranges down to 1 second, which run properly, and offer 0.7 on the DJIA (2 points on IG) and same on FTSE and DAX. Also their 0.7 Dow runs from 7am (IG are 4 pts until 2.30pm when it opens for real). I love this, and do a lot of my index trading on CMC.
Bad points, their US share list is somewhat limited, and their web interface looks like an XBox or PS3 video game, unlike IG and Barclays, which look like a spreadsheet. Also for some reason, their web software times out are a very short time (seems like about a minute) especially if it on a browser tab you are not viewing, whereas IG and Barclays run for hours and hours. The displays use more screen up, and the colour schemes are horrible. Doesn't affect money though which is the main thing.
Overall, the best company for indices day trading. IG are the best overall (IMHO)
CMC is perfect for trades lasting seconds or minutes, as they have chart time ranges down to 1 second, which run properly, and offer 0.7 on the DJIA (2 points on IG) and same on FTSE and DAX. Also their 0.7 Dow runs from 7am (IG are 4 pts until 2.30pm when it opens for real). I love this, and do a lot of my index trading on CMC.
Bad points, their US share list is somewhat limited, and their web interface looks like an XBox or PS3 video game, unlike IG and Barclays, which look like a spreadsheet. Also for some reason, their web software times out are a very short time (seems like about a minute) especially if it on a browser tab you are not viewing, whereas IG and Barclays run for hours and hours. The displays use more screen up, and the colour schemes are horrible. Doesn't affect money though which is the main thing.
Overall, the best company for indices day trading. IG are the best overall (IMHO)
- JillyB
- 4.00 star(s)
Could do better
I've been dealing with CMC for just over 18 months now. Initially there reputation, or lack of it, on the customer service side was a worry. However whenever I have had to speak to a dealer or ask for assistance they have been great. No problems.
The only gripe I have is with their trading platform Marketmaker. It's a great package and has fantastic charts, it just doesn't always seem to work that well. It freezes at time and candles can be missing or change shape/colour when you next log on. Not helpful if you are trying to ascertain a HLCO scenario. If they could sort out the problems with it then they would do better.
I've been dealing with CMC for just over 18 months now. Initially there reputation, or lack of it, on the customer service side was a worry. However whenever I have had to speak to a dealer or ask for assistance they have been great. No problems.
The only gripe I have is with their trading platform Marketmaker. It's a great package and has fantastic charts, it just doesn't always seem to work that well. It freezes at time and candles can be missing or change shape/colour when you next log on. Not helpful if you are trying to ascertain a HLCO scenario. If they could sort out the problems with it then they would do better.