capitalspreads
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gone a bit quiet on the comment front... not just capital Spreads but all the other threads as well...
Best Thread Capital Spreads
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Wunderbar
I'll ask a question then if you're a little quiet.
Is there any conflict of interest and can you open an account with Tradefair if you already have one with Capital Spreads..??
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Wunderbar
Is that aimed at the question I asked ??
capitalspreads
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wunderbar
no there is no discrimination at all. Indeed the dealers would never really know that ta client has/had other accounts.
we have quite a few clients with accounts with several of our WL partners .. i am never sure if they know that they are trading with the same company or not . Rather like car insurance.... when i do a search on comparethemorethansupermarket.com i apparently get 250 quotes even though there are only about 5 insurers (how many people actually know this?).
But it does not matter they get the same (wonderful!) service no matter who they trade through . Though of course we would prefer all our clients to trade on Capital Spreads.
Simon
no there is no discrimination at all. Indeed the dealers would never really know that ta client has/had other accounts.
we have quite a few clients with accounts with several of our WL partners .. i am never sure if they know that they are trading with the same company or not . Rather like car insurance.... when i do a search on comparethemorethansupermarket.com i apparently get 250 quotes even though there are only about 5 insurers (how many people actually know this?).
But it does not matter they get the same (wonderful!) service no matter who they trade through . Though of course we would prefer all our clients to trade on Capital Spreads.
Simon
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Wunderbar
Thank you for your response....
In that case I may well open an account with Tradefair. Its not being disloyal but on occasions I would like the option of a secondary account perhaps to go long or short opposite to my already open trades on CS..??
capitalspreads
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wunderbar
u can of course have a cfd account as well on the same account as a spread bet account. If u request in a written request that the cfd account be designated as a spread bet account (for tax purposes) LCG can confirm this and all trades will be considered spread bets by HMRC. This would have to done BEFORE u started trading.
in this way u could have equal and opposite positions on the same account.
a little tab opens at the top of your login page whihc just witches u from SB to CFD
simon
u can of course have a cfd account as well on the same account as a spread bet account. If u request in a written request that the cfd account be designated as a spread bet account (for tax purposes) LCG can confirm this and all trades will be considered spread bets by HMRC. This would have to done BEFORE u started trading.
in this way u could have equal and opposite positions on the same account.
a little tab opens at the top of your login page whihc just witches u from SB to CFD
simon
I guess it is the summer, people have so many other nice things to do.
Any news about the Dow, a date set yet, or is it the case that the testing of the price feed is going on forever.
alexdelarge
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Did the new Economic Calendar and Market Data Portal ever go live?
I have read about it and seen screen shots on a number of sites but have never been able to access it.
When I click on Trading Tools on the Capital Spreads trading screen I get a pop up listing the tools and then clicking on Economic Calendar and Market Data directs back to the list of tools
I have read about it and seen screen shots on a number of sites but have never been able to access it.
When I click on Trading Tools on the Capital Spreads trading screen I get a pop up listing the tools and then clicking on Economic Calendar and Market Data directs back to the list of tools
capitalspreads
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alex de large
i will look into it
they should now be live
i will look into it
they should now be live
capitalspreads
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concerning my comment about cfd/spread betting. There seems to be some dispute as to whether cfds can ever be designated as Spread Bets even prior to the event (and even though the regulators designate Spread Bets as a form of CFD)).
As ever it would be advisable for any contributor to Her Majesty's coffers to check how any trading activity is considered by that august body. Before leaping into the mire
Simon
As ever it would be advisable for any contributor to Her Majesty's coffers to check how any trading activity is considered by that august body. Before leaping into the mire
Simon
R.Charnock
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Don't SBs have an obligation to stop clients from leaping into the mire if they're aware of its existence?
capitalspreads
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Charnock
actually we are specifically not allowed to advise clients at all. Even if we have a client who is the worst trader in the history of trading we are not allowed the take him aside and say "hey, mate maybe its time you gave it a miss".
Reason for this is because the client could stop (under our 'advice') then watch the market move big time in one direction or the other then claim to the FOS that we 'advised him' to stop trading just as he was about to make money (?!)
On taxation we believe that SB is totally tax free to UK citizens..... but we cannot state it with certainty in every case because the Tax Authorities may change their mind or may decide that a particular client is a 'special' case etc etc
Of course .. to be taxed you first have to make a profit! something that i have generally failed to do over the years.
Simon
actually we are specifically not allowed to advise clients at all. Even if we have a client who is the worst trader in the history of trading we are not allowed the take him aside and say "hey, mate maybe its time you gave it a miss".
Reason for this is because the client could stop (under our 'advice') then watch the market move big time in one direction or the other then claim to the FOS that we 'advised him' to stop trading just as he was about to make money (?!)
On taxation we believe that SB is totally tax free to UK citizens..... but we cannot state it with certainty in every case because the Tax Authorities may change their mind or may decide that a particular client is a 'special' case etc etc
Of course .. to be taxed you first have to make a profit! something that i have generally failed to do over the years.
Simon
A lot of online casinos have links to sites like Gamble Aware :: Home or GamCare, gambling addiction, gambling problems help, support and advice, the national problem gambling organisation UK
They also have tools to help overcome compulsive gambling (time limited site exclusion, limit on number of deposits, limit the deposit amount).
I had a quick look at your site and did not notice any of these measures (except small print that spreadbetting is high risk and you can lose a lot).
Do you have plans to have this kind of functionality?
Some SB companies will simply close the account if user requests time limited exclusion. That attitude says a lot. Responsible trader is a threat and should be get rid off, however irresponsible behaviour is encouraged.
ffsear
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Bookies only have it there because they have to, and to cover themselves. Not because they give a sh@t. Like it will make a difference anyway. People need to be responsible for themselves to a certain extent. They agree to the risks when they sign up!
A quick question while the thread is quiet regarding intraday trading.
How do you view intraday stock trading, with hold times of between a few minutes if the trade goes bad, and up to a few hours (or longer) if it goes well?
Are you able to hedge these types of trades in the market if needed and would that mean dealer execution if consistently profitable?
In short, are these types of traders problematic for SB companies? And will these types of traders find it difficult to trade this way via a SB company?
Many thanks.
How do you view intraday stock trading, with hold times of between a few minutes if the trade goes bad, and up to a few hours (or longer) if it goes well?
Are you able to hedge these types of trades in the market if needed and would that mean dealer execution if consistently profitable?
In short, are these types of traders problematic for SB companies? And will these types of traders find it difficult to trade this way via a SB company?
Many thanks.
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I recently noticed Prospreads ofering mini lot sizes for trade, doesn't this mean Capital Spreads is now redundant, as you can get the small stakes, guaranteed instant fills, much narrower spreads that make every instrument actually tradeable (right now only FTSE, DAX, and maybe one or 2 of the major currencies are efficient for day trading due to the spreads), more in depth platform and access to market depth.
Will CS be offering some kind of streamlined account migration option to change to ProSpreads, as you are part of the same company?
Also CS would be perfect if there was an option you could check that changed your orders to market type orders instead of limit, so say if you buy at 6000 and it changes to 6001 before executed then you will get trade the rejected probably, but with a market order you would get filled at 6001. call the option 'guaranteed fills' or something. I really don't mind some genuine slippage, I am just looking for certainty when I click to execute.
Obviously with a disclaimer you have to accept, stating that the price you click on might not be the price you get
Will CS be offering some kind of streamlined account migration option to change to ProSpreads, as you are part of the same company?
Also CS would be perfect if there was an option you could check that changed your orders to market type orders instead of limit, so say if you buy at 6000 and it changes to 6001 before executed then you will get trade the rejected probably, but with a market order you would get filled at 6001. call the option 'guaranteed fills' or something. I really don't mind some genuine slippage, I am just looking for certainty when I click to execute.
Obviously with a disclaimer you have to accept, stating that the price you click on might not be the price you get
Yes that is kind of interesting, I will take closer look at Prospreads to see if it is correct in what you are saying.
