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Finspreads
- Thread starter mikolo
- Start date
Quote from mikolo:
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hi traders,
Have you ever tried spreadbetting?? did you use finspreads trading platform?? do you think its ok??
i want to try this kind of trading/investing...
if you can, write advantages or disadvantages...
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The one advantage spreadbetting has over trading Futures is that you can start off with a very small account,which is a good idea when you are starting out and trade small size.
I think Fins smallest bet is 0.01pence per point so you could make a lot of mistakes and lose only a small amount of money.One thing about Fins is the have WIDE SPREADS,check out CMC(lowest bet £1.00 point)
Quote from StockOperator:
Quote from mikolo:
____________________________________________________
hi traders,
Have you ever tried spreadbetting?? did you use finspreads trading platform?? do you think its ok??
i want to try this kind of trading/investing...
if you can, write advantages or disadvantages...
____________________________________________________
The one advantage spreadbetting has over trading Futures is that you can start off with a very small account,which is a good idea when you are starting out and trade small size.
I think Fins smallest bet is 0.01pence per point so you could make a lot of mistakes and lose only a small amount of money.One thing about Fins is the have WIDE SPREADS,check out CMC(lowest bet £1.00 point)
More info about Finspreads:
http://www.graemenash.co.uk/2006/02/update-finspreads.html
Quote from mikolo:
hi traders,
Have you ever tried spreadbetting?? did you use finspreads trading platform?? do you think its ok??
i want to try this kind of trading/investing...
if you can, write advantages or disadvantages...
thanks,
OK when starting off, however try to upgrade to futures as soon as possible. With spreadbetting you trade against the spreadbetting company. Spreadbetting is not applicable to US citizens.
Quote from QuenkishZakos:
OK when starting off, however try to upgrade to futures as soon as possible. With spreadbetting you trade against the spreadbetting company. Spreadbetting is not applicable to US citizens.
Exactly, spreadbetting is illegal in the US.
Spreadbetting, spot FX, CFDs all the same....
All spreadbetting firms are exactly what they say they are, a bunch of bookies. They make sure that you never win.
Yes I have used several spreadbetting platforms and the key is not so much in the platform as it is in the fact that the spreadbetters set the rules and change them as they see fit.
Also you will never know if your bet is actually placed on the exchange or on a simulator.
Plus they can screw up your bets and they cannot even be held accountable.
They say one thing but do something else (yeah, like they are regulated)!
Yes I have used several spreadbetting platforms and the key is not so much in the platform as it is in the fact that the spreadbetters set the rules and change them as they see fit.
Also you will never know if your bet is actually placed on the exchange or on a simulator.
Plus they can screw up your bets and they cannot even be held accountable.
They say one thing but do something else (yeah, like they are regulated)!