Benny Dorm's Blog

SB Companies and Brokers

Has anyone else noticed how contributors to this site are having a go at the SB companies and Brokers and then do not go on to tell us who they are using (and presumably happy with!)?

Do not use so and so, this company will rob you in daylight,etc.etc. Ok, probably good advice. But just who are they using??

I have been to the IB site and can't get to grips with it at all....duuh!:confused: I think it is now time to move away from SB co's and go somewhere else. Thoughts anyone?
 
Gbp/Aud

Gbp/Aud. Stopped out last night for +97pips.

BG Group going wrong way this morning.Tsk!

Whitbread and IHG are ok.
 
Lunatic Asylum

I have to say that I did quite well on FX today, shares were ok (BG up :( ,WTB up and sold out @ 1732 :), IHG about square).

So why did I short the Dow because I thought it would fall? I knew the Fed meeting notes were coming out at 7.00pm but they were bound to be negative. I refer myself to my first post.

The gentlemen in white coats have just arrived in a padded van.....gooodbye one and all........
 
Usd/Chf

Whilst waiting for my assessment at the hospital, when the staff nurse disappeared, I managed to log on using her computer and go short @ 1.1821. :LOL:
 
Round up

My assessment went well I think, although I'm in two minds about it....they discovered I am not mad but occasionally daft.

Took 15 pips on Usd/Chf, still holding Cable although close stop now in place. IHG didn't do much and BG. fell a bit, BUT I did short the Dow again and got most of what I lost yesterday back!:cheesy:

Maybe I learned something afterall, but there again...
 
Goodbye SB companies

That's it. I have had enough and I'm off to DMA brokers from now on. It is remarkable how the SBs spike and stop hunt. It is also remarkable that their price goes to one's stop but not a pip more (or less). The old hands here warn everybody of their practises in the forums. They are right. :(
 
This is true, Spreadbetting companies move the price to above/below fair value to suit them selfs, This means if you have close stops you will deffanatly be stopped out.
Also if the extream price movement has been breacked , they increase the value to take out stops.
This in reality is Fraud.
I currently have evedence of this and taking the apropiate action.
 
DMA & ECN

Currently researching market. Still find IB confusing....:confused:

Other platforms straight forward and instantly workable. Will post when up and trading again. Hopefully not too long.
 
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