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IG CMC offer DAX indice CFD 1 pip spread without commission,where they get liquidity from?
- Thread starter JACK1985
- Start date
I been a spreadbetting customer for over a decade, placed 1000s of bets with them.
There is another sucker born every minute.
Never a shortage of fresh meat for these sharks to feed on.
There is no spread betting in Aus so we only have CFD's. Been trading with them for the past 5 years without any problem. Have one friend who has been them 8 years and still going. If you do not know what you are doing you can loose money in the real market or with market makers. Problem is people who do not know much go to the market makers as the cost barrier to entry is so low and they get taken. Same people would also get taken by brokers or such. If you know what you doing market makers offer good leverage for a reasonable cost. In Aus all accounts are segregated so there is no risk of loosing money due to bankruptcy.
Average account lifetime is far less than a year with cmc, Plus500 and so on. They need fresh meat constantly. Thats why Plus500 has exorbitant marketing expenses. Its all about getting new suckers and make them press the buttons.
Not sure about your numbers but I have a few friends that have been trading CFD's for some years
UK regulations and protection for retail client are much better than ASIC. http://cfdfxforum.com.au/cfd-forex-petition Every G10 country aside from Australia has banned the use of client funds relating to derivatives for hedging purposes. Your funds will continue to be at risk because Australia broker are not fully segregating client money.In Aus all accounts are segregated so there is no risk of loosing money due to bankruptcy.
you maybe right. Investment banks and all market makers form an OTC network(just like spot forex), Investment banks get better deal in OTC markets than with an exchange where all participants are equal.Spread bet firms don't hedge using the exchange traded futures contracts. They use OTC products offered by investment banks.
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