jas-105 said:Which spreadbetting firm offers the tightest bid/ask spread in the major futures and cash contracts ? Cantors offer a 1 point spread on the FTSE on Monday's but the rest of their prices are very wide.
I think d4f would be the worst but for the appearance of the tight spread.. but that is not all it seems, e.g. if you watch the daily dow, they move it in jumps as opposed to fins, so the spread would really be wide but they create an illusion, so from discussion with lots of traders d4f gets the top slot for the overall worst!The only one I have seriously vowed never to touch again is Fins, who seem to me (and plenty of others, here and on other boards) to incorporate absolutely the _worst_ of everything.
Roberto said:Overall I think Deal4Free have the tightest spreads, but probably the second-worst customer service in the industry (I think Finspreads are probably even worse!).
Interesting that you feel that way about FS. I have always found there customer service really good and great for a beginner like me!
Fair enough, John. They will be, towards beginners, won't they?john88888 said:Interesting that you feel that way about FS. I have always found there customer service really good and great for a beginner like me!
USD/CAD, AUD/USD, EUR/JPY, EUR/GBP, NZD/USD, this sort of thing. Would also need some independent corroboration of their regulatory body (i.e. how like the FSA they are): I'm aware that SB firms tend to be far better regulated and their customers far better protected than for most forms of brokerage, but not having dealt with anyone offshore before, you know ... ... ...mike001 said:Roberto, I don't know what currencies you are after but a friend of mine is doing Sterling, Swiss, Yen and Euro against the Dollar with them.
c6ackp said:. . .
Q. Does FuturesBetting.com take positions against its clients?
A. No, we do not take positions against our clients; all bets are hedged by us in the underlying market.
Surely, they don't hedge every position in the underlying market? They'd be fools not to offset all their client positions, wouldn't they? So why don't these companies spell out exactly how they make money?
. . .
Yeah that's how it works, but what's great about it is that for the first time SB's get a level playingfield (i.e the underlying market) to base their bets on and execution speeds the same as direct access.A Dashing Blade said:Looks like the bet size you have to do is in multiples of the underlying future so . . . client clicks the mouse, trade done (Client/FB) while (effectively) simultaneously the trade is hedged out on the electronic exchange (FB/Exchange).
ITwise that's pretty trivial technology these days (I know of what I speak!) & looks, prima facia, to be a pretty good business model!