I USED TO USE GNI , I NOW TRADE VIA WWW.GDD.CO.UK.
THEY USE THE SAME SOFTWARE PACKAGE AS GNI , IE PATSYSTEMS , BUT THEY ARE CHEAPER FOR THE ACTIVE TRADER, NOT PERHAPS FOR THE VERY HIGH VOLUME TRADER BUT I TRADE BETWEEN 25 AND 100 CONTRACTS A DAY ACROSS LIFFE,EUREX AND THE US .
EITHER GDD OR GNI MAY SUIT , DEPENDING ON YOUR VOLUMES .
Direct access to the liffe floor. Min account opening £5000, very tight spreads, ie buy at the bid, sell at the offer to open. dealing costs are £4.00 per side but through here we have a discount that Chartman managed to arrange so that total trip is £7.60. (it all helps); and importantly the software is quick. Trade at market and it is instant. Trade at limit takes a little while longer depending on the order. Drawback is a £250 per quarter inactivity fee, but this works out to less than one trade per day.
I'm happy with it. Until I find something better.
I have used the Easy2Trade trainer system, which is excellent. They let you have this FREE of charge for the first day, and then charge a fee. I found their application to be quite good, and easy to use. Are you happy with their service?
Ive been using easy2trade for a few months and I find it excellent. One of the things I find handy is you dont have to go through thouse messy software upgrades when a new version comes in. Because it's totally internet-based all you need is to log in and that's it. Very nice.
I used to use Mann as well Sharpshooter, but they're comms are £7 per trip, £14 round trip, they said they could do it for £6 per trip if I went back, but they couldn't beat Easy2. as they said it was harder to place single trades in the market. This is for our future by the way.
They aren't as quick as clicking a mouse and sometimes you want to get in, and more importantly out, as fast as you can.
They do do internet trading but it's £10,000 min account opening.
I found mann really good, but as I say it all comes down to costs and service, and until someone comes up with a better deal...
i'm surprised that you guys are paying so much in commission, 6 quid at man and even 4 quid at easy seems high to me , i'm paying 1 euro a side plus exchange fees at www.gdd.co.uk.
even if you only traded 10 times a month their commission rate is 4 euros per side plus exchange fees , although there is a minbimum payable per month were only talking 100 euros! - not much in the way of volume to justify that.
the service is over the net , and it upgrades automatically as above.
didn't know the company , but i checked into the background of the guys involved and couldn't find anything , also there is substantial instituional bank backing by the way of shareholders.
was put onto them by a mate in germany who does business with them in the bunds and bobl contracts on eurex ,if you can please him you can please anybody!
been with them a month or so now and have found them to be very helpful .
might be worth a look if you are looking to save commission and want a decent service
Thanks for the post Cala.
By getting these posts going and putting up the information for everyone to see and to add their bit is how we can find the best deals for ourselves and at the same time get all the brokers to cut out the fat and give us a better deal as we make 'em fight for our custom.
It just gets better and better.
I shall take a look at these people.
If anyone wants a much much less expensive broker than any mentioned here, with electronic access, brilliant reliability and a friendly helpful attitude
AND/OR wants to learn how to trade eminis - the most liquid contracts with the lowest spread - contact me at: [email protected]