Doomberg
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Ok so i did a post last week about market makers and asking if they are really that bad.. after various opinions that people shared i'd prefer not to use Spread betting as a means for trading if possible, especially now i'm about to open some larger trading accounts. Basically i'm just looking for my best options and opinions if its really worth doing it this way, here's where i am up to now.
For Forex i will open up an account with Dukascopy as they seem to have a brilliant reputation and are an ECN broker with tight spreads so i'd be happy to use them, they seem very professional... unfortunately they do not have Indices as a product and day trading these is the biggest part of my trading. I have called every known ECN broker to ask about Indices most don't supply Indices, the ones that do don't offer good spreads as i would like to have no more than 1 on FTSE & Dax and 2 or less on Dow.
A friend of mine uses Fxflat.com they are a german CFD firm and are very professional, they are a white label of GFT that supply to Germany, after talking with GFT they basically are the same product and as my main language is english its best i go with GFT. The CFD service has a good reputation although its taxable, i asked them if there is any difference to their Spread betting service and they said that the CFD is more real prices as the SB prices are 'based' on the CFD prices... also unlike spread betting they enter the market with trades etc.
Whats your views on this? Worth me going from SB to the above options?
Doomberg
For Forex i will open up an account with Dukascopy as they seem to have a brilliant reputation and are an ECN broker with tight spreads so i'd be happy to use them, they seem very professional... unfortunately they do not have Indices as a product and day trading these is the biggest part of my trading. I have called every known ECN broker to ask about Indices most don't supply Indices, the ones that do don't offer good spreads as i would like to have no more than 1 on FTSE & Dax and 2 or less on Dow.
A friend of mine uses Fxflat.com they are a german CFD firm and are very professional, they are a white label of GFT that supply to Germany, after talking with GFT they basically are the same product and as my main language is english its best i go with GFT. The CFD service has a good reputation although its taxable, i asked them if there is any difference to their Spread betting service and they said that the CFD is more real prices as the SB prices are 'based' on the CFD prices... also unlike spread betting they enter the market with trades etc.
Whats your views on this? Worth me going from SB to the above options?
Doomberg