the blades
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pkfryer said:
I think the answer to this will be covered in a few adjacent threads. That said - it seems there isn't an overall best. Interface aside, think in terms of spread width, interest charge, range of markets and credit V margin. You may come up with a different answer for all of these.
UTB
Pat494
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pkfryer
Had an email this morning from Capital Spreads raising the minimum bet on S&P500 from £1 per point to £10 !!
For those with little capital ,trying new systems or having a flutter at not too much expense a SAD blow. Back to Finspreads at 50p a point perhaps even if their spreads are bigger.
Had an email this morning from Capital Spreads raising the minimum bet on S&P500 from £1 per point to £10 !!
For those with little capital ,trying new systems or having a flutter at not too much expense a SAD blow. Back to Finspreads at 50p a point perhaps even if their spreads are bigger.
the blades
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Creech said:
If you plan to make decent money, AND your strategy will involve profit targets of more than a few % per trade, then the tax advantage of spreadbetting outweighs its disadvantages.
Even if I were to find a completely spread and comission free method of trading, none would be more cost advantageous that spread betting - under certain trading plans.
All IMHO.
UTB
donaldduke
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Forget SB for intra day trading.
Use Direct Access ie Interative Brokers instead.
The SB market is rigged in the favour of the bookie. So many examples the most common being not
getting filled when placing a bet at the price quoted ...
SB if you have a sure thing (ie an arb opportunity) or are postion trading, otherwise forget it.
Use Direct Access ie Interative Brokers instead.
The SB market is rigged in the favour of the bookie. So many examples the most common being not
getting filled when placing a bet at the price quoted ...
SB if you have a sure thing (ie an arb opportunity) or are postion trading, otherwise forget it.
the blades
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donaldduke said:
Agreed.
UTB
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Can I ask why the concern with CMC?
Their spreads on GBPUSD are 3 against 6 for IG, so on surface seems attractive...
Jumpin said:
Their spreads on GBPUSD are 3 against 6 for IG, so on surface seems attractive...
Spreadbetteur
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I have accounts with CMC (Deal4Free) and Capital Spreads.
Capital Spreads have a more user friendly interface and very good Customer Service. If there spreads match CMC on the product I intend to trade., I trade with them. More trades are rejected here "Price Expired" They only reject when the market moves in your favour not against !
Remember that when you trade with a spread bet company (a bookie) you are trading against their price not the market. Prices are CLEARLY biased. I think there is good reason to believe that these companies alter the bias, after you have entered the trade, depending on if you are long or short. In otherwords they offer different spreads to clients depending on which direction they are trading long or short. Heavily denied or course.
The advantage of spread betitng is that you can enter the market with a few quid, good when you are getting started. However, once you are at 10.00 a point sort of level, no reason not to switch to direct access, other than the tax issue of course.
Capital Spreads have a more user friendly interface and very good Customer Service. If there spreads match CMC on the product I intend to trade., I trade with them. More trades are rejected here "Price Expired" They only reject when the market moves in your favour not against !
Remember that when you trade with a spread bet company (a bookie) you are trading against their price not the market. Prices are CLEARLY biased. I think there is good reason to believe that these companies alter the bias, after you have entered the trade, depending on if you are long or short. In otherwords they offer different spreads to clients depending on which direction they are trading long or short. Heavily denied or course.
The advantage of spread betitng is that you can enter the market with a few quid, good when you are getting started. However, once you are at 10.00 a point sort of level, no reason not to switch to direct access, other than the tax issue of course.
Friday Question
Morning,
Does anybody know what the spreads are for the following markets for as many SB companies
as poss except Finsspreads.
Daily Dow, NASDAQ (or NDX), SP500 - cash index and daily future if available.
I am only interested in those compnies whose daily bet closes at the actual index level, i.e. does not roll over. I would do this myself but am at work etc etc.
cheers
Morning,
Does anybody know what the spreads are for the following markets for as many SB companies
as poss except Finsspreads.
Daily Dow, NASDAQ (or NDX), SP500 - cash index and daily future if available.
I am only interested in those compnies whose daily bet closes at the actual index level, i.e. does not roll over. I would do this myself but am at work etc etc.
cheers
DIN
Finspreads are 6 ticks spread you can leave stops at they quote or screen price.(real market)
And if you let it ride to the close 9,00pm UK time you get the official closing price with no spread added.
Also Capital spreads offer 5 tick spread.but dont offer you screen price for you stops,just they quote.But it's the same if you close out at 9pm no spread added.
CJ
Finspreads are 6 ticks spread you can leave stops at they quote or screen price.(real market)
And if you let it ride to the close 9,00pm UK time you get the official closing price with no spread added.
Also Capital spreads offer 5 tick spread.but dont offer you screen price for you stops,just they quote.But it's the same if you close out at 9pm no spread added.
CJ
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