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You have missed the point. We don't need the CFD's. We have plenty of Forex bucket shop companies that offer 400:1 here. Why do we need more trash?

Why would I want to? They are a rip off. The spread is crap and the margins are not better than we can get trading futures. Summary... You're getting ripped off. So if you make 300% you would think transaction cost would be important. Someone making 300% should have at minimum a few...

So the truth comes out. This thread is about his political views and not trading. Can't believe I wasted my time on this. Have fun with your little CFD.

on the CFD system Madrid9 uses... Nasdaq100 Bid= 1846 Ask=1848 And SPX 500: Bid= 1,432.6 Ask= 1433.1

This thread was about CFD's and why they are better than Futures not how good of a trader you were... So let's focus on why CFD's are better. I'll have a summary shortly.

Ok, I'm downloading the demo now. I will compare S&P 500 & the Nasdaq. Their website says it's commission free other than the spread so we'll see... Give me a second.

So what do you trade? I'm trying to give an example. How about something that would be traded in the Futures markets. S&P 500 for example.

Which broker and which contract are you talking about?

List your broker as well so it can be confirmed. I have a few accounts that I use but lets look at Global Futures and Interactive Brokers to compare with your CFD broker. Edit. Global Futures doesn't publish commission rates so we can use IB if you prefer even though GF offers higher...

Ok Madrid9 let's compare the CFD's you trade (Commission Cost + spread cost) with the same futures contract (Commission Cost + Spread Cost). Rather than pointing fingers lets actually see what the benefit would be.

That was my point earlier about the high spread. It's really sick. Anyway Zdreg is correct. The transaction cost is 10x what you can pay with a good broker in the futures markets.

Madrid9 Your posts prove your Stupidity. Good Luck!

Prove it. Let's see some proof you're not just talking BS... Oh by the way... You're little rant about America is to funny. This is Elite Trader (ET) not the Euro Trash (ET) forum. Think you made a mistake. It's ok we're used to the europeans making mistakes.

Ok, first thing there are companies that will allow CFD trading to US citizens... Well they have offered them for me and I live in the US. Anyway why the heck would I want to? You say that Futures don't allow enough leverage...LOL That is a total amature thing to say. You sound like...

Thanks for you're help. With my trading style there is a major advantage to the Spot markets, so for my carry trades it looks like I will not change what I'm doing. For my short term EUR trades I may trade the EUROFX as the liquidity looks ok most of the time. For most traders the futures...

Oanda EFX Group Both allow smaller account sizes. Oanda is a Market Maker but has a good rep. EFX Group is ECN and I've heard good things about them but not used them. Can open with either with $400 or more and spreads are good at both. OAnda max leverage is 50:1 and EFX is 100:1...

"Who is your broker? Do they post their interest earned/expense rates on their website? To their credit, IB presents everything quite clearly. Very few other brokers follow such an example unfortunately. Even if your broker offered IB's rates, that's ~150BP (over the true IRD) that you're paying...

"I understand where you're coming from and this is where futures differ from spot and equities. Your profit/loss is marked to market everyday. If your position is up $1k for the day, your account is credited that $1k (even though you didn't sell), vice versa if you are down on the day. Think of...

You can get them cheaper than that on ebay. If you are in a hurry then you're limited to retail or a 2nd hand computer store. Good Luck with that.

FX has no central exchange and is not regulated... That is why I said take care in who you deal with. Because there is no central exchange Level II is impossible to achieve. You can get multi bank feeds from esignal if that will help but there will always be orders that you never see. You...