ETX Spreads slippage

China Diapers · Mar 15, 2013

Anybody out there who uses/has used ETX for spreads?

I have an account with IG who charge a 0.10% spread for FTSE 100 stocks, I see ETX are cheaper at 0.08%. Is there any catch involved here, higher slippage etc.?

They don't have a demo account unfortunately. Something I like about IG charts is I can set them to show the mid, ask or bid, does ETX have this feature?

Anything else I should know?

Thanks

BigBootyBabe · Mar 15, 2013

China Diapers said:
Anybody out there who uses/has used ETX for spreads?

I have an account with IG who charge a 0.10% spread for FTSE 100 stocks, I see ETX are cheaper at 0.08%. Is there any catch involved here, higher slippage etc.?

They don't have a demo account unfortunately. Something I like about IG charts is I can set them to show the mid, ask or bid, does ETX have this feature?

Anything else I should know?

Thanks

I dont trade individual stocks so dont know what the the spread is.

But yes ETX have the exact same charts as ig.
And so you can view mid/as/bid

China Diapers · Mar 15, 2013

BigBootyBabe said:
I dont trade individual stocks so dont know what the the spread is.

But yes ETX have the exact same charts as ig.
And so you can view mid/as/bid

Awesome thanks.

mike. · Mar 15, 2013

There's an ETX thread running here China, Rob from etx answers any queries you might have.

http://www.trade2win.com/boards/spread-betting-cfds/50356-etx-capital-35.html

China Diapers · Mar 15, 2013

Thanks Mike. I did notice it but didn't think there was much point asking my question there as Rob is unlikely to admit "yes we have cheaper spreads than IG but rape you on the slippage"

mike. · Mar 15, 2013

I seem to recall reading somewhere that there is a demo account option with etx once you have opened a live account with them. You can log into either.

China Diapers · Mar 15, 2013

Oh cool, nice one will look into it.

malaguti · Mar 15, 2013

mike. said:
I seem to recall reading somewhere that there is a demo account option with etx once you have opened a live account with them. You can log into either.

I trade with ETX, I dont think there is that facility, but as for slippage..none. Certainly never that i've noticed, whereas with every other ive tried, there is always

mike. · Mar 15, 2013

Apologies if thats right, Must be getting mixed up with another broker.

China Diapers · Mar 15, 2013

malaguti said:
I trade with ETX, I dont think there is that facility, but as for slippage..none. Certainly never that i've noticed, whereas with every other ive tried, there is always

Cheaper spreads and no slippage, sounds too good to be true

Thanks for the info malaguti

ZEN archer · Mar 15, 2013

China Diapers said:
Cheaper spreads and no slippage, sounds too good to be true

Thanks for the info malaguti

Sorry to disappoint you - but there is slippage

BTW I haven't tried one without slippage as yet - and I've tried quite a few of them.

ZEN archer · Mar 15, 2013

ZEN archer said:
Sorry to disappoint you - but there is slippage

BTW I haven't tried one without slippage as yet - and I've tried quite a few of them.

I did a bit of calculation - one example is more than 13%. Is that too much?

China Diapers · Mar 16, 2013

ZEN archer said:
I did a bit of calculation - one example is more than 13%. Is that too much?

I checked the last few trades I did and they have an average of around 10% so if your example is typical it could negate the advantage of the cheaper spreads.

Thanks for the help Zen

pboyles · Mar 16, 2013

mike. said:
There's an ETX thread running here China, Rob from etx answers any queries you might have.

http://www.trade2win.com/boards/spread-betting-cfds/50356-etx-capital-35.html

ETX use the 'virtual dealer plugin', they admitted as much on another thread. All this talk about spreads is irrelevant, the designer slippage is where they are making their money from you.

China Diapers · Mar 16, 2013

pboyles said:
ETX use the 'virtual dealer plugin', they admitted as much on another thread. All this talk about spreads is irrelevant, the designer slippage is where they are making their money from you.

Interesting

pboyles · Mar 16, 2013

China Diapers said:
Interesting

If you read this thread you will see how brokers are using the virtual dealer plugin to control slippage and defraud their clients. If you try googling virtual dealer plugin you'll see there is a campaign to cover up the evidence about what is happening, many videos, posts and threads have been deleted over the past year or so.

http://www.trade2win.com/boards/for...-restitution-14-2-million-settle-charges.html

China Diapers · Mar 16, 2013

pboyles said:
If you read this thread you will see how brokers are using the virtual dealer plugin to control slippage and defraud their clients. If you try googling virtual dealer plugin you'll see there is a campaign to cover up the evidence about what is happening, many videos, posts and threads have been deleted over the past year or so.

http://www.trade2win.com/boards/for...-restitution-14-2-million-settle-charges.html

Thanks for that. Looks like I may as well stick with IG until I can justify going DMA

tar · Mar 16, 2013

pboyles said:
ETX use the 'virtual dealer plugin', they admitted as much on another thread. All this talk about spreads is irrelevant, the designer slippage is where they are making their money from you.

Really where ?

China Diapers · Mar 16, 2013

Can of worms opened, tick

kalott · Mar 16, 2013

China Diapers said:
Thanks for that. Looks like I may as well stick with IG until I can justify going DMA

"high-frequency traders make an average profit of as much as $5.05 each time they go up against small traders buying and selling one of the most widely used financial contracts."

http://www.nytimes.com/2012/12/04/business/high-speed-trades-hurt-investors-a-study-says.html?_r=0

:whistling

ETX Spreads slippage

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