neil
Legendary member
- Messages
- 5,169
- Likes
- 752
A quick search here on t2w produced:
http://www.trade2win.com/boards/search.php?searchid=1021615
Search at Elitetrader.com came up with:
http://www.elitetrader.com/vb/showthread.php?s=&postid=946223&highlight=gft+forex#post946223
http://www.elitetrader.com/vb/searc...=1302960&sortby=lastpost&sortorder=descending
GFT uses a dealing desk (dealer can requote you) but www.oanda.com puts your order straight through without passing through a dealing desk..
Why not deal in currency futures ( low spread - no bucket shops) like Interactive Brokers:
http://www.interactivebrokers.co.uk/en/main.php
http://www.trade2win.com/boards/search.php?searchid=1021615
Search at Elitetrader.com came up with:
http://www.elitetrader.com/vb/showthread.php?s=&postid=946223&highlight=gft+forex#post946223
http://www.elitetrader.com/vb/searc...=1302960&sortby=lastpost&sortorder=descending
GFT uses a dealing desk (dealer can requote you) but www.oanda.com puts your order straight through without passing through a dealing desk..
Why not deal in currency futures ( low spread - no bucket shops) like Interactive Brokers:
http://www.interactivebrokers.co.uk/en/main.php
neil
Legendary member
- Messages
- 5,169
- Likes
- 752
Leverage - you are on dangerous ground if you need high leverage.
MB accepts UK customers: http://www.mbtrading.com/fx/newaccount.asp
Yes I know - MB are not a spreadbetting company.
MB accepts UK customers: http://www.mbtrading.com/fx/newaccount.asp
Yes I know - MB are not a spreadbetting company.
hm... thank you for the infoneil said:Leverage - you are on dangerous ground if you need high leverage.
MB accepts UK customers: http://www.mbtrading.com/fx/newaccount.asp
Yes I know - MB are not a spreadbetting company.
seem like them updated the page, i asked them about 3 weeks ago and the answer was no. Leverage can work with or work against the trader. It can be used as advantages when the trader has proper trading plans.
But hey, any suggestion on spreadbetting? I am looking to run away from the tax men.
neil
Legendary member
- Messages
- 5,169
- Likes
- 752
lamode said:hm... thank you for the info
Leverage can work with or work against the trader. It can be used as advantages when the trader has proper trading plans.
But hey, any suggestion on spreadbetting? I am looking to run away from the tax men.
Use the "SEARCH" facility at the top of the page. Lots of threads on spreadbetting.
Goodluck and goodnight
neil - i did a search before and all of them has pros and cons, this including CS, worldspread, findspreads and IG. But so far i haven't see much reviews on GFT spreadbetting.
LevII - I believe the page you are looking at is for future and stock and not FX.
LevII - I believe the page you are looking at is for future and stock and not FX.
The GFT web site does claim:
"instant order execution"
for spread bets.
Has anybody tried it to find out what GFT's definition of "instant" actually turns out to be ?
The spreads on forex do look competitive (2 on eur/usd, 3 on gbp/usd and usd/jpy) so if it really is "instant" it might be worth considering.
"instant order execution"
for spread bets.
Has anybody tried it to find out what GFT's definition of "instant" actually turns out to be ?
The spreads on forex do look competitive (2 on eur/usd, 3 on gbp/usd and usd/jpy) so if it really is "instant" it might be worth considering.
Phil Mibbutz
Experienced member
- Messages
- 1,860
- Likes
- 58
Unnecessarily complicated platform, I reckon.
Jbat001
Active member
- Messages
- 197
- Likes
- 5
Have you looked at the maximum bet size though? I like to trade Scandinavian currencies versus USD, and the maximum £/pt with Capital Spreads (who I surrently use) is 40. GFT will allow you to go all the way to £1000/pt!
On a decent sized intraday swing, and with sufficient margin, that's potentially over a million pounds tax free profit on one trade!
On a decent sized intraday swing, and with sufficient margin, that's potentially over a million pounds tax free profit on one trade!
One positive point on rollovers of fx positions. They calculate these on the libor interest rate difference alone.
I.e. they don't gouge you with an extra 2% pa charge like the SB other firms.
A significant difference if holding positions for several days.
I.e. they don't gouge you with an extra 2% pa charge like the SB other firms.
A significant difference if holding positions for several days.
Hi
Is anyone using GFTUK out there. I have tried there demo and like it. Although I did try to contact them a few times through there website with no reply for over 2 weeks.
I am with IGIndex at the moment but have to use there guarenteed risk account althogh I did ask for a standard account but they said no.
I find I wait too long to trade because of the 4pt spread on the FTSE100 and hesitate so much as getting obsessed with the spread of 4 pts. I know its stupid to worry about those 2 extra pts but it affecting my trading I think. I understand that it is guaranteed and the deposit is only say £30 on £2pp 15pt stop.
Anyway anyone using GFTUK please let me how you get on with trading live.
Thanks
Is anyone using GFTUK out there. I have tried there demo and like it. Although I did try to contact them a few times through there website with no reply for over 2 weeks.
I am with IGIndex at the moment but have to use there guarenteed risk account althogh I did ask for a standard account but they said no.
I find I wait too long to trade because of the 4pt spread on the FTSE100 and hesitate so much as getting obsessed with the spread of 4 pts. I know its stupid to worry about those 2 extra pts but it affecting my trading I think. I understand that it is guaranteed and the deposit is only say £30 on £2pp 15pt stop.
Anyway anyone using GFTUK please let me how you get on with trading live.
Thanks
Yes, I am using them live and find them OK. Fills seem to vary between "instant" and around 5 seconds or so. All stops so far filled at the stop price (I don't hold positions through news events so this is for periods when the price is not moving very quickly).
My experience with them is exclusively for forex, not indices.
My experience with them is exclusively for forex, not indices.
Thanks for replying with that. I have now opened an account with GFTUK after asking them a few times to keep the demo open for me. First few trades took between 5-10 seconds but at the price I traded at, so not at all bothered by that but the rest took 0-4 secs. It is a great platform and I prefer the software download than using a FLASH platform as my "FLASH" has frozen a couple of times now with everything on the screen to do with the SB Company froze and had to log out then re-login.
All my STOPS and LIMITS have been executed. Although NOT as many limit hits as stop hits....but there you go. Still alot to learn for me but getting there. I do trade Indices and mainly FTSE100 to start with.
So all good so far with GFTUK.
All my STOPS and LIMITS have been executed. Although NOT as many limit hits as stop hits....but there you go. Still alot to learn for me but getting there. I do trade Indices and mainly FTSE100 to start with.
So all good so far with GFTUK.
Demo account for spreadbetting US/European equities
I have tried many of the demo accounts offered by spreadbetting companies to test various trading strategies. Despite what most of them say , they are not fully functional mainly because there is a much smaller number of instruments available, particularly US and european equities which I like to trade. Does anyone know of a spreadbetting company that offers a fully functional demo account that has all the instruments available to trading accounts and which is not time limited. Something along the lines of theCMS/VT platform for trading FOREX. I have found this system incredibly useful for refining and testing strategies. Not the real thing, but the next best thing.
Many thanks for any suggestions
I have tried many of the demo accounts offered by spreadbetting companies to test various trading strategies. Despite what most of them say , they are not fully functional mainly because there is a much smaller number of instruments available, particularly US and european equities which I like to trade. Does anyone know of a spreadbetting company that offers a fully functional demo account that has all the instruments available to trading accounts and which is not time limited. Something along the lines of theCMS/VT platform for trading FOREX. I have found this system incredibly useful for refining and testing strategies. Not the real thing, but the next best thing.
Many thanks for any suggestions
I have been with GFTUK for a couple of months now. On 2 occasions I place a Trade on ( at 1330 ) and as soon as I have placed it the screen freezes.............15 mins later the positions are placed on my screen.........then freezes again........10 mins later I am able to use the system. I did win that time as went short but if the system did not freeze on me I would of moved my Limit (which I would of done considering it was going down like a lead balloon). SO very annoying when that happens and accept the fact that the system can freeze but does this happen to everybody or just me. Sure feels like me when it happens. I do sit there and keep an eye on the screen waiting to unfreeze trying and checking everything.
So does this happen to other people, I am not sure whether my PC is up to the job. Its a
P4
256 ram PC2100
WinXP Pro
All updates etc
Not sure whether another 256 of ram will make much difference.
If anyone has any info please let me know. Not sure if its there end and there system gets clogged with all the orders, or my PC.
Thanks
So does this happen to other people, I am not sure whether my PC is up to the job. Its a
P4
256 ram PC2100
WinXP Pro
All updates etc
Not sure whether another 256 of ram will make much difference.
If anyone has any info please let me know. Not sure if its there end and there system gets clogged with all the orders, or my PC.
Thanks
