My issue about AMP

eastern_warrior said:
Clueless how much you give a way with spread betting shops on interest and spreads.
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Me, clueless, no my friend. I am very well informed.

I have 3 futures account and 2 spread accounts. I know where everything is

If you are starting out and need to trade small, spread betting is a good place to go to learn

Then as you want to level up you can go eslewhere
 
Literally every trader in the UK has a spread bet account

I know prop traders, former fund managers who use it


You dont have to pay for data feed, reuters news is free add on and you get a place to learn

And trade as you need to...

use it to your advantage, not disadvantage, dont listen to these negative punks
 
A couple of hundred is not enough to trade micros.
You need to open a forex account, with which you can trade much smaller unit.
Coinexx is suitable for you, high leverage, low commission, low spread( SPX500 spread0.1).Trading cost overall is lower than micros.

They don't care who you are. You don't even give your personal information. All they need is a valid email.

https://coinexx.com/?franchiseLead=MzkxNjg5
 
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JSOP said:
https://www.investorschronicle.co.uk/shares/2019/07/05/fca-adds-pressure-to-spread-betters/

https://www.theguardian.com/busines...ry-fca-financial-conduct-authority-report-cfd

https://moneyweek.com/456302/fca-crackdown-hits-spread-betting-firms

https://cliftondavies.com/fca-crackdown-spread-betting-operators-binary-options-providers/

https://www.bbc.com/news/business-38219698

Me, commenting on something I know nothing about? LOL Spread-betting firms are the equivalent of those market-maker forex brokers that offer everything free but at the end scam your money away.
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I am not talking about that. Do you have a spread betting account?

If not then you can't comment
 
JSOP said:
Gain Capital is one of the largest scam market-maker forex broker. :D I see they diversified their scam brokering to other markets.
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If you are referring to the otc model, then you can also say that every bank is running a scam which in essence what it is if you are not using a centralised exchange....

muliti-lateral trading facilities, dark pools, market makers paying for order routing to run their short term hft execution models. It doesnt stop robin hood or interactive brokers from using it. IG Index and cmc are no different.



It doesnt change the fact that IG index and cmc, the large size firms they are, you can complain to the financial ombudsman in the UK to file an execution complaint

The fact that you are quoting the articles from years ago shows your lack of knowledge.

Many profofessionals use these brokers to punt, they have direct market access on one screen and IG index on another... They know when the broker moves the market or widens the spread. But in order for IG index to maintain their business model, they need to be on market 99 percent of the time. There are traders who have million notional positions and some with 250.00 positions. If you are not successful in day trading indices at IG, you wont make money with micros either. But at least he gets access to every index in the world without paying data fees

You wouldnt know bc you dont have an account

For a newbie trader looking to learn his craft in small size, i stand by my recommendation
 
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ballsofgold said:
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For a newbie trader looking to learn his craft in small size, i stand by my recommendation
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Why is it that we Americans cannot trade spread-bets (CFDs)?

If it is a great place to learn, why are we not allowed to engage in that market? Over-burdening mommy-state regulators, or protective measures to stop USA folks from falling for another scam?
 
ballsofgold said:
If you are referring to the otc model, then you can also say that every bank is running a scam which in essence what it is if you are not using a centralised exchange....

muliti-lateral trading facilities, dark pools, market makers paying for order routing to run their short term hft execution models. It doesnt stop robin hood or interactive brokers from using it. IG Index and cmc are no different.



It doesnt change the fact that IG index and cmc, the large size firms they are, you can complain to the financial ombudsman in the UK to file an execution complaint

The fact that you are quoting the articles from years ago shows your lack of knowledge.

Many profofessionals use these brokers to punt, they have direct market access on one screen and IG index on another... They know when the broker moves the market or widens the spread. But in order for IG index to maintain their business model, they need to be on market 99 percent of the time. There are traders who have million notional positions and some with 250.00 positions. If you are not successful in day trading indices at IG, you wont make money with micros either. But at least he gets access to every index in the world without paying data fees

You wouldnt know bc you dont have an account

For a newbie trader looking to learn his craft in small size, i stand by my recommendation
More...

Well that's the problem with the OTC model. Without centralized exchanges, traders are at the complete mercy of the brokers who are also the market makers who take the other side of the transaction of their clients, basically trading against their own clients. You can obviously see the inherent conflict of interest. The trader won't be able to ever profit without the broker losing and the broker obviously wouldn't and can't lose all the time for the client to win. And since all of the orders were filled by the broker so the broker would know exactly where the client's position is, their stop level, their take-profit level, quantity and everything so basically there would virtually be no chance for a trader to ever profit or learn just like you would have no chance to profit or "learn his craft" against a casino who is betting against you and knows what you bet at all times.

This is not just an issue of execution. This is basically making money off clients without disclosure, basically fraud. Yeah sure, providing free data (data with prices that they manipulated) is great just like the casinos providing free drinks but it still does not negate the fact that those brokers basically profiting directly at the expense of clients under the pretense of "market movement" when it's the brokers who have been providing the prices thus creating the so called "market movement". This is why the FCA is cracking down spread betting firms.

Payment for order flow is different. The clients' orders are at least executed by 3rd parties, either other central exchanges or market makers and not the clients' own brokers. And the prices on those exchanges are not the result of the direct manipulation of one broker but is the collection of all market participants. Yes it creates its own kind of conflict of interest but at least the clients would have some chance of profiting because their orders are not being internalized by their own brokers who have a direct incentive to make the client lose; the clients are at least trading really against the market. And lastly any broker who use payment for order flow is required to disclose this fact to the client at the time of the account opening, annually and on every trade. They are required to disclose the route and the counterparty that executed the order when requested. And FYI Interactive Brokers do not use payment for order flow.
 
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IG is one of the worst CFD broker despite their blablabla capitalization and safety rules for your funds. I tried them for a while, but all their platforms freeze or have malfunction). Sometimes you are not able to close your position for 10/20 minutes.
85% of CFD traders are newbies and lose money

Generally speaking you have to stay away from all these bucket shops

https://www.forexpeacearmy.com/forex-reviews/109/ig-forex-brokers

https://www.forexpeacearmy.com/community/forums/scam-alerts.30/

IC markets is a big Australian Broker with high rates on trustpilot fake reviews

https://www.forexpeacearmy.com/community/threads/ic-markets.59108/

https://www.forexpeacearmy.com/community/threads/ic-markets-scam-43-450-loss.65348/

https://www.forexpeacearmy.com/comm...ders-who-lost-money-unfairly-join-here.65292/

In short, if you are a profitable trader they tend to stop your trading with problems with your platform. Unable to close your position, freeze ect.
If you lose money all works fine....
 
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