Spread Betting at DF Markets

davifx

Newbie
5 0
Hi guys

I`ve visited DF Markets spread betting website and noticed that the EUR/USD spread is only 0.6 pips which is great. I intend to open a demo with them. Does anyone have any experience with DF Markets spread betting? :)
 
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gle101

Veteren member
3,717 84
Hi guys

I`ve visited DF Markets spread betting website and noticed that the EUR/USD spread is only 0.6 pips which is great. I intend to open a demo with them. Does anyone have any experience with DF Markets spread betting? :)
Yes I have been trading live with them for quite some time. They are absolutely one of my favorite brokers. Very narrow spread on the indices. They will give you slippage but just as often positive slippage. The only bad thing is, they don't have auto stop loss in points in the order ticket, so be aware if you don't feel secure setting the stop loss afterwards.
 

peakoil

Well-known member
257 38
Yes I have been trading live with them for quite some time. They are absolutely one of my favorite brokers. Very narrow spread on the indices. They will give you slippage but just as often positive slippage. The only bad thing is, they don't have auto stop loss in points in the order ticket, so be aware if you don't feel secure setting the stop loss afterwards.
/

Interesting that you like 'auto -stops', gle, and see their absence as a negative, because I can't be the only one who avoids any firm that uses them - with a passion. Each to their own, I suppose...
 
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gle101

Veteren member
3,717 84
/

Interesting that you like 'auto -stops', gle, and see their absence as a negative, because I can't be the only one who avoids any firm that uses them - with a passion. Each to their own, I suppose...
I am interested to know why you find an auto stop feature negative as such. It can't be many platforms around that doesn't include this feature.
 

peakoil

Well-known member
257 38
certainly gle.

For several reasons I personally can't stand auto stops. I respect that your strategy may well accommodate auto stops, and frankly, more power to you! Also, for newcomers, I definitely believe that auto stops are a very good idea.

Nonetheless, I'm at this since the 90's, and scale in almost all my positions, and I really don't need the platform to put an arbitrary stop, invariably (from what I've seen) where I wouldn't put it myself. So I really do feel that those firms which deploy auto stops should instead allow each individual client to turnon or off same as a platform "option". Then those who like the comfort of knowing that the platform has set an arbitrary stop may continue as they are, and anyone else may, at his own choice, switch to using manual stops.

I would say that if you took out the LC group of sb firms, you are left with a fair number of firms which allow clients to set their own stops, including IG, Spreadco, ETX, & last time I used them, CMC. Also. there are, as I'm sure you're all too aware, several other ways of managing risk exposure than just putting in a stop loss. What's more, if I'm, for just one example, short dax and long ftse, I may (depending on circumstances) not even want any stop.

Anyway, as I say, each to their own. YMMV. But I'm just grateful, given my own strategy, that there are plenty of firms which allow stop setting to be manually set.
 
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tar

Legendary member
10,443 1,313
Peakoil i don't think you and gle are talking about the same thing :) , i think he meant a default SL - in points - feature , which you can preset so everytime you open a new trade an automated sl will be added to your position ...
 

peakoil

Well-known member
257 38
@ tar Indeed I do believe we've been following each other. In other words, just as you've described, I wouldn't want a default (or auto) stop loss *other than* as a platform option.

EDIT: for example London Capital Group - most of their whitelabels enforce an auto stop loss feature, which is not an option. In other words, if a client opens a position their system automatically generates a concordant stop loss, at a predetermined and arbitrary level. And there is no option to turn such off, as a client of theirs. Even though a client may alter same *after* the position is opened, this is what I don't want. Hope I've made myself clear :)
 
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tar

Legendary member
10,443 1,313
@ tar Indeed I do believe we've been following each other. In other words, just as you've described, I wouldn't want a default (or auto) stop loss *other than* as a platform option.

Its optional and its a useful feature to have in a platform , Oanda has it , that's different than the automated mandatory SL that CS has - which i hate - ...
 
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peakoil

Well-known member
257 38
Optional is fine with me. Thank you for pointing that out. By saying it's optional, I trust you mean that DF markets has an optional auto generated stop loss, so that if a client also wants to open positions without any stop loss and at a later point in time, place one, then that is allowed too.
 

tar

Legendary member
10,443 1,313
Optional is fine with me. Thank you for pointing that out. By saying it's optional, I trust you mean that DF markets has an optional auto generated stop loss, so that if a client also wants to open positions without any stop loss and at a later point in time, place one, then that is allowed too.

Dont know about DF markets ...
 

mike.

Senior member
2,099 706
@ peakoil, I think im right in saying that the auto stop loss used by LCG white-labels like you mentioned is applied when you open a new trade on the ticket is it not ?. Therefore, can this not be cancelled or amended before the trade is placed ? I know its just to protect you from any spikes until the trade is opened. furthermore, afik, Its not possible to scale in when opening a SB position, only scale out.
 

peakoil

Well-known member
257 38
@mike, as I understand the LCG way... the stop loss is auto generated just as you say however, I stand corrected on this if wrong, but AFAIK it cannot be cancelled or amended *before* the trade is placed. After placing the trade is... another matter, and I do believe the SL may be amended then.

Their system is, as you say, not really suitable for scaling in, *unless* you want to amend every one of their stops with every opening. Which is partly why I don't use them. HTH
 

mike.

Senior member
2,099 706
Im just going to log into my intertrader account now and see, I have never seen it as a problem having the auto s/l.
Im fairly certain though, once you open a buy position for example @ £5 per point, there is no " buy " option to scale in and up your stake once the trade is placed, but you can scale out a position only if its in profit.
 

peakoil

Well-known member
257 38
Cheers mike.
Just before I go, I do agree that for many people a computer auto generated SL fits in with their strategy. Just not as well with mine, as manually setting stops (or not).
I have to go now but I'll be back later and I'll be interested in reading further. ty
 
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