YouAreNotFree
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These people will slip you on every trade. I was slipped on every, and I mean every, trade (11 in total). I was not active during any volatile periods either.
Avoid.
Avoid.
Spreadco- A Warning
- Thread starter YouAreNotFree
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I use SpreadCo. Although i have experience slippage (dealre requotes) - this has mainly been in turbulent times and when my stake is high. I can say that 70% of the time it is ok, but those times when i experience slippage can be crucial.
I wouldnt go as far as saying they slip every time, because they do not. 30% of the times, perhaps.
I wouldnt go as far as saying they slip every time, because they do not. 30% of the times, perhaps.
jungerns
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If you're certain that in 30% of the trades that you're being slipped than you should be red carding them without further notice....??
Well dealer re-quotes is not slippage? Re-quotes is a problem with very tight spread, like they have on the Dow. Please clarify if you get slipped (getting a different price to what you have clicked on) or if you're getting re-quoted (a new price offer or a price no longer valid message)? With a 30% slippage you wouldn't be able to stay in the game very long that is for sure.
I find Capitalspreads to be among the best, extremely low re-quote and slippage rate.
Ah right! sorry guys, i thought slippage = requotes
In that case SpreadCo is quite good. I dont think i have EVER had "slippage" - if i have its been so little and very infrequent that i have barely noticed.
I do get requotes - which i suppose is them being very honest - they could just close my position at any price they find suits them, and it would be difficult for me to prove otherwise, tough titties for me. but i can confirm this DOES NOT happen.
If there is a difference in price on closure of position, i am always asked to confirm via requotes.
On one occasion i was going long, and they requoted me a much higher price than i was selling - resulting in an extra £500 profit... this requote occured 3 times before i clicked 'accept' - i thought i was seeing things ! no idea what happened there lol
but im not complaining about that one
In that case SpreadCo is quite good. I dont think i have EVER had "slippage" - if i have its been so little and very infrequent that i have barely noticed.
I do get requotes - which i suppose is them being very honest - they could just close my position at any price they find suits them, and it would be difficult for me to prove otherwise, tough titties for me. but i can confirm this DOES NOT happen.
If there is a difference in price on closure of position, i am always asked to confirm via requotes.
On one occasion i was going long, and they requoted me a much higher price than i was selling - resulting in an extra £500 profit... this requote occured 3 times before i clicked 'accept' - i thought i was seeing things ! no idea what happened there lol
but im not complaining about that one
No problems.Ah right! sorry guys, i thought slippage = requotes
In that case SpreadCo is quite good. I dont think i have EVER had "slippage" - if i have its been so little and very infrequent that i have barely noticed.
I do get requotes - which i suppose is them being very honest - they could just close my position at any price they find suits them, and it would be difficult for me to prove otherwise, tough titties for me. but i can confirm this DOES NOT happen.
If there is a difference in price on closure of position, i am always asked to confirm via requotes.
On one occasion i was going long, and they requoted me a much higher price than i was selling - resulting in an extra £500 profit... this requote occured 3 times before i clicked 'accept' - i thought i was seeing things ! no idea what happened there lol
but im not complaining about that one
Yes getting re-quotes after re-quotes is very annoying, especially when high stakes are involved, usually when one wants to close a position with a market order. This can prove to be a problem with Spreadco, if one must consider closing with a limit order. Have you tried to trade with a £1 stake? Less re-quotes? It is good that they don't give you slippage. What about stop loss orders, any slippage on these? I think you were just lucky with the 3 re-quotes. The market went your way when missing getting out of the position.
jungerns
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Never to my knowledge on CS or Tradefair.......
Never ever have requotes or awaiting dealer response except in the most turbulent market conditions....
I've run the Tradefair platform from Thailand using no more than an Edge connection via a Dongle, and still the execution was immediate....
CS and Tradefair do not adopt a re-quote system, you get a message, "Price no longer valid" when the price you clicked on is not accepted by the CS servers as a valid price.Never to my knowledge on CS or Tradefair.......
Never ever have requotes or awaiting dealer response except in the most turbulent market conditions....
I've run the Tradefair platform from Thailand using no more than an Edge connection via a Dongle, and still the execution was immediate....
jungerns
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Well in that case I have never had a "Price is no longer valid" message on TF or CS, although I'm not trading turbulent periods.....
Yes that must be the case, because I get them quite frequently.
