Yep, I am also gutted to be losing such an easy to use trading platform with such good support. Wouldn't it be nice if the staff did a management buyout and got the company back on its feet again?
However, as that is an unlikely outcome we are now faced with the hassle of opening a new account. The obvious one to choose from this board is IB, but I find the account minimum a bit daunting ($25K). Anybody got any other suggestions?
Sledgehammer - the main problem with spread betting is the spread! This makes it near impossible to make money from them in the very short term - ie you cannot scalp for a few points here and there. If you are slightly longer term and go for the bigger daily swings (as eg Bonsai does) spreadbetting is just about OK. It all depends on your trading style and how good you are. I have recently opened an account with finspreads so that I can try to capture the bigger swings for 1p/point - and I wont increase my bet size until either my 8 weeks is up or I've earned the right to. I've used spreadbetting companies in the past and lost money, so I'm very cautious now!
If you are familiar with E2T, then try ffastfill. same platform, just the colours are a bit different!
spoke to a very helful person who got me fixed up on the trainer. you can run a GBP account and keep all FTSE trades in GBP. if you trade Eurex or CME then just those trades will be converted at the time of execution.
they also advised that E2T were in fact piggy-backed (my words) on their server in Chicago, so fills should be quicker direct with them. that must mean fills in 0.5 secs, instead of one sec.!
even makes the same sound when an order is filled!
off to Rally Finland tomorrow, so i'll have to sort it out next week.
I agree with fillyerboots - the prices quoted by Ffastrade are NOT what they seem. There is a very hefty monthly charge, so unless you are placing more than 438* trades per month then there are much much cheaper brokers out there.
* If I recall correctly the number 438 was quoted by someone on Elite when they worked out whether IB or Ffastrade were cheaper.
I've edited the Ffastfill post by the sales manager of the company to remove all the fluff and puff, and just left the facts.
If you make one rt trade a day then ffastrade cost about the same as e2t i.e ftse $3.92 = £2.58 screen fee for remote lite is $175 per month or £5.53 per trading day this = £8.11(£/$ 1.58) per trade same as e2t. If you do more than 1 rt a day it is cheaper than the basic e2t price. Remember e2t charged a monthly screen fee for the pro platform and also an inactive fee on the lite.
What is probably more of a concern is the time it takes to get a fill, slippage can quite easily be more expensive than brokers fees unless you always use stop orders.