fxwinner22
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Hi all, i think you'll like this one.
The main problem i seem to come across with spread betting companies is slippage. Maybe it's not the worst problem but i think it's one that maybe we could measure.
If we can do this then over time we will be able to see who slips the most. we will also be able to see if certain stake level generate more slippage and if they all slip, who is the most fair.
we would also be able to see if some people are slipped at certain levels by certain companies when others are not - now that will be interesting.
Here is my proposal.
If you are with a spreadbetter it would be great if you could get involved with this thread in the following way.
first I must define slippage. if anyone disagrees with this then speak out before we start.
I see slippage as giving you the wrong price from a placed order - that order can be a stop, limit, oco, entry order or whatever. Although i recognise that slippage does occur when trading direct to market by the seat of your pants i do not think that can give a fair representation of the company's slippage and there are human aspects then also. so in other words i don't class requotes as slippage, only slippage against some kind of market order placed before price reaches that quote.
so, if you would like to take part please do the following
Whenever you get slippage from a spreadbet company please report in this thread the following. for the purposes of making this easy i'll call everything a pip wether it's a pip or a point we will all know what it means.
*Name of company (ie, finspreads)
*Number of pips slipped (ie 3)
*Date (ie feb 23rd)
*Time of day (ie 1:30 pm)
*Amount per pip staked (ie £10)
*trading vehicle (ie EURUSD, DOW 30 etc)
type of order (ie stop loss)
long or short (ie short)
order price was (ie 1.2990)
price i got was (1.2993)
did you complain? (ie yes)
did you get a resolution and if so what? (ie met me half way and gave me 2 back)
I know that sounds a lot so make the ones marked with a star * as compulsory with the others being a 'would like to have'
when we get enough data i'll start to compile the results into a table, the results may be very interesting.
of course you could all tell me to bog off
The main problem i seem to come across with spread betting companies is slippage. Maybe it's not the worst problem but i think it's one that maybe we could measure.
If we can do this then over time we will be able to see who slips the most. we will also be able to see if certain stake level generate more slippage and if they all slip, who is the most fair.
we would also be able to see if some people are slipped at certain levels by certain companies when others are not - now that will be interesting.
Here is my proposal.
If you are with a spreadbetter it would be great if you could get involved with this thread in the following way.
first I must define slippage. if anyone disagrees with this then speak out before we start.
I see slippage as giving you the wrong price from a placed order - that order can be a stop, limit, oco, entry order or whatever. Although i recognise that slippage does occur when trading direct to market by the seat of your pants i do not think that can give a fair representation of the company's slippage and there are human aspects then also. so in other words i don't class requotes as slippage, only slippage against some kind of market order placed before price reaches that quote.
so, if you would like to take part please do the following
Whenever you get slippage from a spreadbet company please report in this thread the following. for the purposes of making this easy i'll call everything a pip wether it's a pip or a point we will all know what it means.
*Name of company (ie, finspreads)
*Number of pips slipped (ie 3)
*Date (ie feb 23rd)
*Time of day (ie 1:30 pm)
*Amount per pip staked (ie £10)
*trading vehicle (ie EURUSD, DOW 30 etc)
type of order (ie stop loss)
long or short (ie short)
order price was (ie 1.2990)
price i got was (1.2993)
did you complain? (ie yes)
did you get a resolution and if so what? (ie met me half way and gave me 2 back)
I know that sounds a lot so make the ones marked with a star * as compulsory with the others being a 'would like to have'
when we get enough data i'll start to compile the results into a table, the results may be very interesting.
of course you could all tell me to bog off
