tar
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y not ? try them , even if it is short term offer they probably will raise it to 2 points only ...
top trader
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Has to be a short term trick but enjoy it while you can.
Opened an account with them but if they change it, I close the account.
Opened an account with them but if they change it, I close the account.
lancenicolase
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I assume you're talking about in market spread of 1 point. It's true and may be long term. The main thing is that you're not going to trade just Dow with them.
Unfortunately, CityIndex don't provide the tightest spreads and thus use 1 point on Dow as a teaser and will make their money through other markets.
Unfortunately, CityIndex don't provide the tightest spreads and thus use 1 point on Dow as a teaser and will make their money through other markets.
Yes I am talking about Wall Street rolling spreads, their name for it. Doesn't matter, I have several companies I trade with, and no problem to switch between them. It is also good from a security point of view with hedging if necessary. I have not previously traded with Cityindex due to the fact the spread have been too wide in the past, especially on the indices I am trading.
Jack Hughes
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City Index = Finspreads. When I rang them last week to check they said the 1pt Dow spread was permanent, not short term.
Yes I got the same message chatting with them the other day. Do you know if Finspread got user predefine stop loss in points? This is one of the platform features missing at Cityindex.
Jack Hughes
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You can set a stop and limit when the trade is opened, but I don't think the platform remembers settings at predefined distances, if that's what you mean.
Thanks, I mean like the order ticket at Dealingdesk, you set your stop loss in points from your entry level.
Jack Hughes
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See what you mean. No, you have to put in an actual number. I didn't like the points idea much, but I suppose it depends what you're used to.
Thanks.
Yes I did have look at the start page of Finspread yesterday during the US market hours. They did have 1 point spread on the Dow.
Jack Hughes
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Plenty of experience until about four years ago. In those days they were different companies, but both terrible! In particular, the Fins platform would often crash and the people at the other end of the phone were either off-hand or plain rude.
I've been trying again since the 1pt Dow offer started. It wasn't very promising when the platform went out for most of a day, but seems OK since, although I've been stopped out on one trade when it shouldn't have been according to the chart.
While they claim the narrowed spreads are permanent, I won't be surprised if the Dow goes to 2pt after a week or so.
Thanks, I will wait for a month before joining them, that is if they at that time still offer 1 point spread on the Dow. When you were stopped out, was it very close to your stop loss order?
Jack Hughes
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About 5pt, according to their chart... which is, of course, for indicative purposes only, blah, blah, etc. Anyway, they haven't bothered replying, so I might be an ex-client again.
You give in quickly.
The charts won't tell you much, 5 points from your actual stop loss, quite a lot on a 1 point spread.