Sidekicker
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It's kind of annoying but my broker charges an overnight spread on the FTSE of 6 pts, 1hr before opening of 2 pts and the normal 1pt during market hours.
This is a problem when overnight trades are left openas you either have to adjust your SL and lose more or sometimes get stopped out early, sometimes miss a limit fill etc.
I don't want to go DMA as I see no point in spending on data feeds, application feeds, + an acocuntant for tax calculations. Perhaps Interactive Brokers do something decent but I'd really prefer a SB broker that sticks close to the 1pt all the time. I know the real market only has 0.5 spreads but the overnight spread is not usually 6-7pts?!
This is a problem when overnight trades are left openas you either have to adjust your SL and lose more or sometimes get stopped out early, sometimes miss a limit fill etc.
I don't want to go DMA as I see no point in spending on data feeds, application feeds, + an acocuntant for tax calculations. Perhaps Interactive Brokers do something decent but I'd really prefer a SB broker that sticks close to the 1pt all the time. I know the real market only has 0.5 spreads but the overnight spread is not usually 6-7pts?!
