Capital Spreads - Daylight Robbery?

[thebard]

If you want to open a s/betting account I recommend you avoid CAPITAL SPREADS and probably any London Capital Group Company (e-trade/Paddypower)....

WHY?

Cos for the last year plus they have a really good way of making money - it's called price feed drop out - it happens every day with some instrument or other and during fast markets it happens 100% of the time. Their charts freeze. Their price boxes take a long time to fill. There answer is that you can always phone the traders if the internet trading platform has problems... Next to useless advice.

Anyone else noticed how they always put you in the market whent the price is against you but always send an "invalid price" message when you have enterd the trade and the market is already in your favour?

Don't bother with unless you are a professional.

 

[laptop1]

If you want to open a s/betting account I recommend you avoid CAPITAL SPREADS and probably any London Capital Group Company (e-trade/Paddypower)....

WHY?

Cos for the last year plus they have a really good way of making money - it's called price feed drop out - it happens every day with some instrument or other and during fast markets it happens 100% of the time. Their charts freeze. Their price boxes take a long time to fill. There answer is that you can always phone the traders if the internet trading platform has problems... Next to useless advice.

Anyone else noticed how they always put you in the market whent the price is against you but always send an "invalid price" message when you have enterd the trade and the market is already in your favour?

Don't bother with unless you are a professional.

I have been saying this for the last 2 years, its not just CS, try WORLDSPREADS, they're just as bad, I would say worse....They're no different from the Bucket Shops in good old 1920s,

 

[ceydababy]

If you want to open a s/betting account I recommend you avoid CAPITAL SPREADS and probably any London Capital Group Company (e-trade/Paddypower)....

WHY?

Cos for the last year plus they have a really good way of making money - it's called price feed drop out - it happens every day with some instrument or other and during fast markets it happens 100% of the time. Their charts freeze. Their price boxes take a long time to fill. There answer is that you can always phone the traders if the internet trading platform has problems... Next to useless advice.

Anyone else noticed how they always put you in the market whent the price is against you but always send an "invalid price" message when you have enterd the trade and the market is already in your favour?

Don't bother with unless you are a professional.

Also the market closes prior to the expectation of a big drop/rally. If your Grandma would be going short I can guarantee the market closes only for a few minutes if the drop doesn't happen it reopens. If the drop happens it reopens but you had NO CHANCE to get on. Once I clicked to sell short at 60, price was there for a good 45 secs, Trade rejected. Then it shat out and I was left with my thumb in my ass. AVOID CS. don't think too many professionals are with them ! I'm not a professional by any stretch of the word and I dumped them

Think thats called hedging your bets !

 

[thebard]

CAPITAL SPREADS more like AMATEUR SPREADS!

Yeah I read elsewhere in this forum other people have had problems with them. It's cos they got a new price stream system - you can't have multiple tickets open -- really prehistoric.

Which companies do you know though that rolls spot FX overnight without realsing profit/loss and reinstating position and then charging interest aswell?

 

[thebard]

Is It Me - Ongoing Tech Problems

Hi

Is it me? Does anyone else out there whos trading with CAPITAL SPREADS have as many problems as I have had:

CAPITAL SPREADS TECH ISSUES - with Apple MACBOOK PROS - got 2 of them and they both have FLASH problems and crashing browsers (2Ggig Memory - 1.67GHZ)? So I wernt back to a POWERBOOK - that used to work fine in past - but oh no,,, got same problems. CAPITAL SPREADS have literally taken OVER 18 months to finally resolve a "markets do not match" error message that crops 30% of the time -- they have changed s/ware on their site in last year. That means you can't have multiple deal tickets open - talk about crap technology... IG INDEX put a remote device on my other computer a PC which I had to buy cos CAPITAL SPREADS SITE IS SO CRAP and found some Java issues in 30 mins flat...

 

[thebard]

I agree about CAPITAL SPREADS - but day trading losers? Calm down buddy believe me I am still very profitable day trading spot FX

 

[rppoid]

""Anyone else noticed how they always put you in the market whent the price is against you but always send an "invalid price" message when you have enterd the trade and the market is already in your favour?""

YES

It's happened to me too many times now with CS. I am opening an IG account and giving CS the heave-ho. What they are doing is blatant. So much for the regulators.

 

[thebard]

Capital Spreads Just Crashed Again -- Avoid Avoid Aovoid Avoid -- Unless You Like Throwing Away Money

 

[Trader1UK]

I will be avoiding CS too since i lost abit awhile back... What spread betting broker do you guys recommend?

Thanks

 

[cu2]

ABN Market index

I have played with them on a demo and live, there does seem to be any difference between the demo or live version. So give the demo a go.

BUT A WARNING - never ever put auto stops in unless its far far away like 100 points, as they will stop you out. You will see a difference in the real price and its very obvious.Bam the price spikes down (I have seen it happen upto 25 points) and gets back to the orignal within milliseconds.

On the other hand, the software is fast and it has a very good user platform.

My live experiance with them was excellent most of the time, fills are quick with little slipage. BUT remember no auto STOPS !!!

 

[shadowninja]

I use IG Index. Never had this problem. I only stopped using them because I wanted to use trailing stops hence went with Alpari. Will go back to them eventually.

 

[rubberdagger]

Hi Guys

I use finspreads who seem ok unlike my previous experience with cmc.

Fins seem to be fair when the price goes straight past my stop... this morning they filled a position for a loss to me of £150 when the open position on my account was showing a loss of £540

Happily filled it in my favour

Sometimes they can be a little slow getting a bid offer price up though....

regards

Rubber.

 

[Magos]

Try using a company that supports MetaTrader

 

[Vaco]

unless you guys are making 8k plus ayear already why not just switch to CFDs and be done with all the price manipulation.

at the end of the day spreadBETTING is excactly that and the bookies move the goal posts for a maximum return(for them not you).

If you are making over 8k a year then try futurebetting.com when they relaunce, they say all orders are hedged and its just like DA however I believe the margin requirements are much higher then other spreadbet firms and the min to open an account is £2.5k, however if your with a spreadbet firm to avoid tax this shouldn't be a problem.

 

[davecrom01]

""Anyone else noticed how they always put you in the market whent the price is against you but always send an "invalid price" message when you have enterd the trade and the market is already in your favour?""

YES

It's happened to me too many times now with CS. I am opening an IG account and giving CS the heave-ho. What they are doing is blatant. So much for the regulators.

--------------------

Just check out the capital spreads forum on these boards.

we've been discussing it for quite a while now.

the upshot is, get the hell out of there.

cheers

 

[Magos]

Try MetaTrader: when the feed froses it froses in both sides(clients - Dealers) LoL

 

[CJIA]

odl

Try ODL very impressed with them,they execute stops amazingly and no problem getting funds out.Very good indeed

 

[shortorlong]

huh .. I don't recognise these problems . I trade with Capital spreads.
Today the price came within one point of my stop on cable, moved off came back, eventually moving in the right direction for me .. I closed for a nice profit .. if there was any price manipulation .. how easy would it be for them to just take out my stop . but they didn't ..

In another trade on cable today I got stopped out at 1:30 .. (i'd moved my stop to break even) if I had not set a stop I would have done very well .. but I have no complaints the market was volatile .. my stop was too close .. but that's the way it goes.

 

[bordapost]

Stop bashing the Milch cow!

Hi all,
My first post. Just felt I had to jump in here.
I've used CS for about two years now, there were a few problems in the early days, but not had one for a long time.
As with all things...If you shot for the moon, you're donna come up short now and then.

 

[chillipepper]

Avoid Capital Spreads

I have had an account with them several years but with having a full time job I only traded part time in the first few years so didn't notice there dodgy tactics.

For the last 3 months whilst waiting to start a new contract I have had the luxury of Day Trading full time with them on the FTSE Rolling Daily and have now seen their full reportoire of tricks.

Trying to close out a winning trade of any significance and there are long delays often ending up with the dreaded “invalid price” message while you see your profits dropping away. Either that or the platform will freeze up and will be back up again long after any profit making opportunity has disappeared

But hey guess what, if you realize that you have got it wrong and try to close out a trade while you are in negative territory the trade is executed virtually simultaneously in no more than 5 seconds. No delays what so ever

I have tried to work around this by automating my Profit Stop’s. I have noticed that in order for these to be activated the market has to be above your profit level for a considerable period of time before your profit stop is actually activated. Sometimes I have seen the market price above my profit stop for well over a minute and it has still not been activated and effectively missed as the market drops back again. Conversely as I said above when the market price gets to your Stop Loss level the trade is executed immediately.

These are not isolated incidents and happen all the time.

I have also noted that you have to set quite wide Stop Losses otherwise they have an unfortunate habit of millisecond spikes which will close you out before bouncing back again.

I also tried experimenting creating opening orders with them if I was not going to be at my PC all day. Even with these I had execution problems where orders were not activated at the correct level of course these excecution problems always were in there favour. All in all I totally lost confidence in their trading platform.

Their customer services people are fairly arrogant in my experience and they will never apologise or god forbid admit there has been an error on their part. They deny that they have any ability to manipulate trades by delays etc and generally talk to you like you are an idiot.

Before anybody accuses me of being a whinging loser, despite all of the above I am still in profit. However, it could have been far higher with a more transparent company. I am now looking around for a more professional outfit with a reliable platform.

Can anybody recommend a good SB company with tight spreads for the FTSE who also let you create opening orders outside of standard trading hours ?