So I've only one spreadbetting account with CityIndex.
Which is the best in your opinion? Your answer will not mean much unless you've opened accounts with the one's you're leaving opinion on, so please don't leave opinions if you haven't had accounts with both the companies you're comparing.
So at City the spreads on shares are at least 9 pips. The availability of guaranteed stop losses is only available on a select handful of the mega-caps which is quite a limiting choice if you're only willing to use guaranteed stops. The minimum guaranteed is 5% from current price. The minimum stake can be as low as 0.06pence, but the majority are as high as 0.30pence or more.
Which provider can beat these metrics.
Ie. smaller spreads, more guarantees available on larger selection of stocks, closer range to set guaranteed stops, lower minimum stakes. As each stock will vary slightly, just the majority or modal values I want.
I haven't got a problem with the spreads or margin requirements for the major indices or currencies, but for the majority of shares it seems quite costly. For example a 9 pip spread on a share priced at say 18$, or 1800, at a 9 pip spread the share has to move 0.5 % just for you to break even! or if a guaranteed stop is minimum 5% away, and minimum stake is 0.30 pence, then for a share trading at say 70$ or 7000, if the stop would be taken out it would cost you £105, which is way too high a risk if you've got less than £1000 in your account. I seen market gapping where the price opens next day like say day after earnings at a several hundred pip gap, even thousands, so if I wanted to spreadbet an individual share I wouldn't trade it if I couldn't place a guaranteed stop. Has anyone ever been gapped out by thousands of pips like this and ended up with a negative balance?
Which is the best in your opinion? Your answer will not mean much unless you've opened accounts with the one's you're leaving opinion on, so please don't leave opinions if you haven't had accounts with both the companies you're comparing.
So at City the spreads on shares are at least 9 pips. The availability of guaranteed stop losses is only available on a select handful of the mega-caps which is quite a limiting choice if you're only willing to use guaranteed stops. The minimum guaranteed is 5% from current price. The minimum stake can be as low as 0.06pence, but the majority are as high as 0.30pence or more.
Which provider can beat these metrics.
Ie. smaller spreads, more guarantees available on larger selection of stocks, closer range to set guaranteed stops, lower minimum stakes. As each stock will vary slightly, just the majority or modal values I want.
I haven't got a problem with the spreads or margin requirements for the major indices or currencies, but for the majority of shares it seems quite costly. For example a 9 pip spread on a share priced at say 18$, or 1800, at a 9 pip spread the share has to move 0.5 % just for you to break even! or if a guaranteed stop is minimum 5% away, and minimum stake is 0.30 pence, then for a share trading at say 70$ or 7000, if the stop would be taken out it would cost you £105, which is way too high a risk if you've got less than £1000 in your account. I seen market gapping where the price opens next day like say day after earnings at a several hundred pip gap, even thousands, so if I wanted to spreadbet an individual share I wouldn't trade it if I couldn't place a guaranteed stop. Has anyone ever been gapped out by thousands of pips like this and ended up with a negative balance?