Best features found in LCG SB platform?

[tomorton]

I've just migrated my positions from Capital Spreads' platform to LCG's platform today. I haven't found it very intuitive so far. Can't see how to expand the charts yet, can't see how to measure my potential £ loss before I open the trade if stop is eventually hit .

In fact Caps lost my open orders in the migration process so maybe they don't find it very intuitive either.

But maybe I'm being too hasty - what are the nicest features you've found in the new platform?

 

[barjon]

Tomo

The dashed square top left of the small chart expands it.

The deal ticket tells you your potential £loss for stop level.

Pretty good platform, I think, but need to ferret around a bit to discover various bits and pieces.

 

[tomorton]

Cheers jon. I see a grab thing made of dots top left on the charts and on the tool bar so you can drag them around. Ah ha - now found the Chart only layout in Preferences so that's nice.

Why can't I have a positions only layout that just shows my open positions?

Got to be aware with the charts - if you go for the d1 period, its historic only, doesn't show the current day's live price action.

Haven't yet found a way to set and save chart design preferences.

What does this My Workspace thing mean I wonder?

I like the Statement feature when you click to bring up History. So far I can't see how to export history to an Excel spreadsheet nor copy and paste it.

This isn't making my life easier yet. Will play with this over the weekend.

 

[DannyL3]

Whats happened to the RAN Squawk feed, that you used to be able to get on the old platform?

 

[ffsear]

They've incorporated some features to catch out the newbie and gambler,

There is a "double position" button as well as a "reverse position" - On the whole though its a big improvement. Trading is focused via the chart now rather then deal tickets. You can set your stops and TP's visually on the chart , which i like. .

Mobile app is a vast improvement also.

 

[billnye5]

they don't have technical alerts...so my trading strategy is out of the window, and so am I, with the new lcg platform. time to find a different spread betting broker

 

[tomorton]

Now I can't access my LCG account as they say I have requested a new password, which I have not, and the system no longer recognises my current password.

Emailed Customer Services but I don't expect they'll pick this up until Monday am.

Excuse the language but this is blithering inconvenient.

 

[remme001]

I've demoed on the platform and found it very basic. I'd personally look elsewhere unless theres a good reason you're with LCG that other brokers don't offer or maybe a basic platform is fine for you. It all depends I guess.

 

[billnye5]

leg are registered on the london stock exchange so maybe as their new platform is proving a bust with clients, it may be worth shorting their shares.

that are down 500% from their 2012 highs of over £40

 

[tomorton]

Ignoring the % fall, you still can't SB LCG shares through LCG, long or short.

On the upside, I am re-connected with a new password.

 

[wilko]

Shame about their wide spreads but for me the software is far more sophisticated than other firms that I have used. I like the way that the trades and alerts etc appear on the chart and that you can trade from the chart, a bit like MT4 to me.
If there is better spread betting software out there please could someone mention it, many thanks.

 

[tomorton]

Order process seems needlessly complicated, fiddly and not really friendly for swing trading. I can log an entry price on a pending order pane but I can't type in an exit price, I have to work out how many points away I want to place an exit order. What have points got to do with it? And its not just an instruction to close the position - what's all this stuff about buy limit orders and sell limit orders and stop buy and limit sell and all this stuff?

Platform seems really good if you want to pull a trigger to buy this or sell that NOW this instant this very second but not so helpful if you're longer term and never even look at an h1 chart.

 

[wilko]

Yes I see that you are right about the point away, yes they should allow you to enter your actual desired exit price. I could see if they will change the software.

 

[f2calv]

Ignoring the % fall, you still can't SB LCG shares through LCG, long or short.

But you can SB LCG via IG ...similarly you can't SB IGG via IG I would assume because it's a bonefide conflict of interest or something along those lines...

Going to try the new platform out later today.

 

[tomorton]

 

[tomorton]

It has a button to double your position. Does anybody ever double their position? Maybe when you're in the money and your r:r moves to b/e, as an alternative to moving your stop to entry price?

 

[f2calv]

It has a button to double your position. Does anybody ever double their position? Maybe when you're in the money and your r:r moves to b/e, as an alternative to moving your stop to entry price?

Yep, i open every position with the expectation of being able to double down and/or pyramid in. However I would manage my risk and move stops up to compensate accordingly.
I did like their new UI, a pretty slick html5 application, have no plan to use it yet though

 

[newspreadbetter]

Guys
Just migrated over to LCG too, and struggling a bit. I cant seem to see where to place a position so it expires in 3 or 6 months time? (without the rolling daily fees)

Any ideas?

 

[peakoil]

The reason you can't find the quarterly expiries mentioned above is simply that LCG haven't yet woken up to the fact that the more choice you give your clients the better /the more leeway you give them to...

Still, methinks the day will one day come when LCG and others start offering futures bets on shares etc., just as their biggest competitor has done for many a year now. It could indeed be that these s/b companies don't yet realise that there is a whole lot of business they're missing out on, simply because they are continuing to be indifferent to the fact that their biggest competitor has almost always owned the spread bet market in same.

After all, not quite everyone is happy to open a position expecting to close it several months down the road, only to pay nightly funding fees every single night to your expected bet expiry date. For a slightly wider spread, I know what makes more sense to me, but, as always your YMMV...

 

[f2calv]

I could never find the quarterlies in Capital Spreads back in the day, so I would imagine the new LCG platform is just a pretty pretty web platform re-write with the same important items missing - as peakoil says.