abn amro using the marketindex platform. I highly recommend it though one must be cautious with the levels of leverage (upto 50x on dow/s&p) they offer.
I quote, 'marketindex is an on-line CFD trading platform specially designed for the self directed active trader. The system is fully automated from market making through to hedging so pricing is fully transparent. ' Maybe our definitions are different..
That's what they say, but you are still trading a fixed spread; and I'm sure that it is legally classes as spread betting. Unless you are paying taxes on your profit...in which case I'm wrong.
porph, Have you tried using an SB firm before moving to CFD or is Marketindex your first account? I'm just wondering if there is a big difference between the two.
Yes, I've had an IG index account for the last few years and I've also tried a number of other SB frims. I've got an account with barclays and also I've had a good look at my father's IB account. Key differences between abn amro marketindex and the SB firms Ive used (IG, tradindex among others) AA Bank vs Bookies pays 4.5% interest vs nothing positions taken in units/lots rather than £/point prices reflecting actual market prices vs occasionaly very dubious prices ('Transparent pricing, fully automated trading from market making through to trade execution. ') Market hours reflect futures markets rather than arbitrary times They seem to win plenty of CFD broker awards so that's good enough for me. Either way I couldnt care less if they consistent of two blokes in a bangalore call centre as long as I get accurate prices and quick executions (I've never had to wait more than few seconds)
Haters will be pleased to know that i am about breakeven today . 20k landmark target will have to wait until next week Yes, porph. Im happy with ABN myself. Speed of fills is basically instant. You made a few grand today Spanish/porph?
Oooh, how you managed to break exactly even though??? :eek: :eek: :eek: I took today off again, and have been focusing on a few other business ventures. Didnt have any reason to trade today as the nonfarms were gna fuck the dow and so oil would crash, but i wouldn't want to risk selling down oil as there is only so far it can go, especially fater last 2days fall. So i would simply have to wait to go long, but didnt want to take risk of going long over the weekend as the asian markets could easily tank following dow and take dollar stronger and lower oil even more. But gna check the markets now, and gna hopefully be in a good level to get in long on monday.
im upto 19.6k. Bit iffy today but good end result. Going to work on some refinements to the way I trade over the weekend and reduce risk a little.