Deal4Free

tradetowin6

Newbie
6 0
Hi there!

I am interested in trading with CFDs on the MarketMaker
System provided by deal4free.
But the comments about D4F i have read in this forum
are rather disencouraging.. :-(
My Strategie is based on intraday trading with a average position
keeping of 2 hours.
So i want to know if it is possible to trade with d4f this strategy in
spite of the delays d4f has?

thanx
 

trendie

Legendary member
6,680 1,238
Why do you want to trade CFDs ?

The spread is how much, 4-5 points ? ( spreadbet is 5 points ).

Whats the margin requirement on CFDs ? ( on spreadbets, £1 requries margin of £100 )

The CFD gains result in taxable income. Spreadbet gains are tax-free.

Whats the gain for trading CFDs ?
 

pkfryer

Active member
243 0
depending on the market the filling of your order can be very quick or very slow. On liquid stock it is not bad. Surprising the spread isn't actually that different from the underlying market with CFDs and D4F has a nice variety of order types... limit, stop, market, OCO, GTC, Good For Day, contingent orders... no commission. Bad thing about the orders... you can't set it too close to the current price!! Which is very bad in day trading, sometimes it wont allow a valid stop for a good few pence (points) away! But it allows very good gearing for those with limited accounts.... 5% and the interest rate for the loans isn't so bad.

Better to intraday with US stock and indices I reckon. But it isn't that bad overall. Just that the system buggers up every now and then, the support is a bit ****e and sometimes you get slow fills. The market maker is writen in java and is resource intensive for very little! Also, you have to have other orders on their books that match your order! So if you want 100000 shares in something... if there isn't another order or orders with that amount offered, you wont get filled! Unlike the direct access where you will get filled almost guaranteed but the margin is 50%. good thing also with D4F is you can trade US stock intraday like a direct access acount but wont need 25K in your account to do so.

Unless your making a lot of money trendie's positive point about tax isn't so valid. Plus spreadbetting has huge spreads and doesn't necessarily accurately represent the underlying stock. CFDs do.

If tax is going to be a problem... buy a nice villa in spain or move to france! Live in luxury somewhere nice and tax free and never come back to britain! No loss as far as Im concerned. This miserable country with dull weather and a greedy spiteful little government can do what it likes, I'll go somewhere warm and live in a far more affordable property that is 10 times better and not be bothered with thieving taxes everywhere I turn!

Makes sense.... and a lot more fun as a tax avoidance than spreadbetting.
 

tradetowin6

Newbie
6 0
Hi thnx for the reply!

[FONT=Arial Narrow]If tax is going to be a problem... buy a nice villa in spain or move to france! Live in luxury somewhere nice and tax free and never come back to britain! No loss as far as Im concerned. This miserable country with dull weather and a greedy spiteful little government can do what it likes, I'll go somewhere warm and live in a far more affordable property that is 10 times better and not be bothered with thieving taxes everywhere I turn![/FONT]
Makes sense.... and a lot more fun as a tax avoidance than spreadbetting.[/QUOTE]


I have the same opinion,if i earn enough money i will leave for Barbados ASAP :cheesy:
 

zellers_077

Junior member
11 0
"Greedy spiteful little government" - I can second it gladly!!!
 

LevII

Established member
579 16
If tax is going to be a problem ... move to france!

Have you seen the level of taxes in France?

Their government does not seem much less odious than ours either.
 

pkfryer

Active member
243 0
Yeah I know that now LevII. Cost of living is high, tax is high... I wouldn't go to france! I'm planning on moving to Malta instead!
 

SOCRATES

Veteren member
4,966 136
tradetowin6 said:
Hi there!

I am interested in trading with CFDs on the MarketMaker
System provided by deal4free.
But the comments about D4F i have read in this forum
are rather disencouraging.. :-(
My Strategie is based on intraday trading with a average position
keeping of 2 hours.
So i want to know if it is possible to trade with d4f this strategy in
spite of the delays d4f has?

thanx
You have to be aware, in the purest sense of market action, and we are talking of very liquid markets that any derivative is a filter of that action translated into price development in parallel.

The further you remove yourself from this liquidity, the greater is the risk of fuzziness.

To be able to overcome the fuzziness you ought to ensure you have mastered the underlying market before you consider the possible added complications that added layers may bring you.
 

aspex

Active member
223 3
I'll go for Auckland, thanks
 

JillyB

Established member
791 38
I can recommend Guernsey - not too far from the UK, low rates of tax , no capital gains tax, no VAT, not much crime, (my other half left car unlocked with key in iginition all night - but car still there in morning), laid back lifestyle - finish work at 5.30pm - beach by 6pm.

One problem - house prices - eek!!! - similar to southern England though.
 

aspex

Active member
223 3
From The Economist:

Many people protest that house prices are less vulnerable to a meltdown. Houses, they argue, are not paper wealth like shares; you can live in them. Houses cannot be sold as quickly as shares, making a price crash less likely. It is true that house prices do not plummet like a brick. They tend to drift downwards, more like a brick with a parachute attached. But when they land, it still hurts. And there is a troubling similarity between the house-price boom and the dotcom bubble: investors have been buying houses even though rents will not cover their interest payments, purely in the expectation of large capital gains—just as investors bought shares in profitless firms in the late 1990s, simply because prices were rising
 
 
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