Can I trust volume data for CFD?

Discussion in 'Trading' started by heispark, Jan 8, 2021.

  1. heispark

    heispark

    I wonder if volume data for commodity CFD (in my case, Nat Gas) comes from CME exchanges. My question is virtually the same as this one: https://futures.io/options/27468-cfd-volume-where-will-come.html

    2021-01-09_10-28-14.png

    Can this be true?

    My problem is, I have an indicator I like but unfortunately, it's for MetaTrader4 and I don't have its source code. I use this indicator with Nat Gas CFD chart from my forex broker IC Markets. Because this indicator (VWAP related) relies on volume data, I want to know if the volume data is reliable.

    Thanks,
     
    Nobert likes this.
  2. El Trado

    El Trado

    Not sure, but I have always thought the volume is from the CFD exchange, so that you cannot really be sure you get the total volume
     
    Amatrue likes this.
  3. maxinger

    maxinger

    I don't trust those volume data.



    That's why I trade futures through the Exchanges like CME, HKFE ...
     
    Last edited: Jan 9, 2021 at 4:02 AM
  4. Turveyd

    Turveyd

    Isn't it like Spot? Ie tick data the amount of times price changed within that bar?
     
  5. tomtr27

    tomtr27

  6. heispark

    heispark

    I also think CFD's volume is actually tick volume....

    2021-01-12_21-50-15.png

    2021-01-12_21-55-45.png
     
  7. maxinger

    maxinger

    I don't trust those volume data.

    That's why I trade products from exchanges like CME ...
    It is better to pay for quality data rather than
    to get free but questionable volume data.
     
    heispark likes this.
  8. mathrlin

    mathrlin

    I really don’t find volume datas reliable so I avoid it. I’m trading indices with Octafx and Fxview these days. I find them a lot easier than CFDs and the order execution is way faster in my opinion. Works for me.