best trading platforms and cheaper commissions on UK's CFD

[cazdealer]

Hi,
I am actually working in a prop firm trading the LSE. I trade CFDs. I actually pay around £1 per fill when my order is on the book. So, if I don't get partials fills, I pay only £1 to buy 10 000 shares of Barclays. If I lift the offer, I pay £1 per fill + £1 for every 1000 shares that I lift. So, if I lift 10 000 of Barclays and I don't get partials fills, I'll pay £1 + £10 = £11. The firm pays me 30% of what I make. I make around 100 trades per day. I trade an average of 500 000 shares per day.
I am planning on moving to a different prop firm. They gonna pay me 50%. I have to decide myself the trading platform to use. I need suggestions from LSE daydraders.

Which is the best platform to daytrade the LSE? (cfds)
I am kind of scared about the commission. It seems like every CFD providers charge a percentage commission (between 0,1 and 0,2%) or a flat rate per trade (£10 ).
I know that the commission is negotiable for active trader, but at what point. Can I get close to the deal that I actually have?
thanks

 

[Captain Haddock]

That sort of volume should put you on 2-3bps with just a retail account.

£10 per ticket regardless of size is ideal on liquid stuff like BP and VOD where you can pick up your fill in one order. Not so great for the likes of XTA etc where you might need to do some work to complete your clip.

What firm are you with at the moment?

 

[DMAtradingwithsam]

www.dmatradinwithsam.co.uk
full list of direct market access brokers for equity CFDs

By the way, what prop firm do you trade for?

 

[cazdealer]

www.dmatradinwithsam.co.uk
full list of direct market access brokers for equity CFDs

By the way, what prop firm do you trade for?

I posted that message 5 years ago...
I was trading with Swifttrade back then but times have changed.
I am not with them since mid-2007 and I don't think they offer LSE anymore.

I gave up on the idea of finding a decent deal to trade LSE equities (CFD).
I now only trade US equities but I'd like to trade LSE again...
do you know a good prop-house to trade it with reasonable fees and commissions?

 

[FP Markets]

I posted that message 5 years ago...
I was trading with Swifttrade back then but times have changed.
I am not with them since mid-2007 and I don't think they offer LSE anymore.

I gave up on the idea of finding a decent deal to trade LSE equities (CFD).
I now only trade US equities but I'd like to trade LSE again...
do you know a good prop-house to trade it with reasonable fees and commissions?

Hi Cardealer
We offer DMA CFDs on both the LSE and the American Markets. The commissions on the LSE starts from 0.1% and on the US 2cents a share. If you would like to see a full listing of what markets we offer you can go to CFDs | Direct Market Access | Margin Rates | FP Markets and download the margin table

Kind Regards

 

[SamWein]

Which is the best platform to daytrade the LSE? (cfds)
I am kind of scared about the commission. It seems like every CFD providers charge a percentage commission (between 0,1 and 0,2%) or a flat rate per trade (£10 ).
I know that the commission is negotiable for active trader, but at what point. Can I get close to the deal that I actually have?
thanks

InterTrader' spreads for UK 100 shares is 0.05%

And they are offering IT-finance advanced charts for free

 

[SaraRose]

it took me long time to find a broker that provides decent CFD products. The main problems was that I got lot of requotes and the quotes were always behind other quotes from other brokers that I checked at the same time. Finally, I understood that I had to trade only with real ECN brokers and I found great CFD trading experience in alapri UK and sunbirdfx. Both highly recommended- fastest executions, low spreads no commission.

 

[lucas_king]

Hi,
I am actually working in a prop firm trading the LSE. I trade CFDs. I actually pay around £1 per fill when my order is on the book. So, if I don't get partials fills, I pay only £1 to buy 10 000 shares of Barclays. If I lift the offer, I pay £1 per fill + £1 for every 1000 shares that I lift. So, if I lift 10 000 of Barclays and I don't get partials fills, I'll pay £1 + £10 = £11. The firm pays me 30% of what I make. I make around 100 trades per day. I trade an average of 500 000 shares per day.
I am planning on moving to a different prop firm. They gonna pay me 50%. I have to decide myself the trading platform to use. I need suggestions from LSE daydraders.

Which is the best platform to daytrade the LSE? (cfds)
I am kind of scared about the commission. It seems like every CFD providers charge a percentage commission (between 0,1 and 0,2%) or a flat rate per trade (£10 ).
I know that the commission is negotiable for active trader, but at what point. Can I get close to the deal that I actually have?
thanks

I presume you are trading DMA (Direct Market Access) so you get market prices rather than paying a spread. If not, you should be. Everything’s negotiable in my experience, depending on the volume of trades you put through and how that sits with the provider’s existing clients (you might be interesting for some, but less so for others – it happened to me). DMA providers for CFDs I know of include IG, iDealing, Accendo, TDDirect, Jarvis although you often find smaller names use IG’s platform as it’s considered one of the best in the industry. Good luck and let us know who you go with.

 

[luckyhaa]

Please suggest cheap CFD(UK shares) providers in UK? I checked IB website i can see £3/ minimum...But need $10000/- deposit
Now I am dealing with IG and CMC..it is expensive for me.......I am looking for more cheap brokerages

I appreciate your response
Thanks

 

[massived]

Cheap UK brokers

Please suggest cheap CFD(UK shares) providers in UK? I checked IB website i can see £3/ minimum...But need $10000/- deposit
Now I am dealing with IG and CMC..it is expensive for me.......I am looking for more cheap brokerages

I appreciate your response
Thanks

Hi lucky,

What do you mean by 'cheap'? Are you paying for pricing feeds?

 

[luckyhaa]

Hi massived,

Ya I am paying for feed..but that is ok..if i do enough trade then they will return it....but problem is i am trading small qty . their minimum brokerage is £10/ deal..both side £ 20........ with this commission very difficult to make profit...that is why i am looking for £3-5 trade brokerage brokers (cheap)
I read IB is good......dont know too much about ..any feed back
Any minimum deposit for cfd ? how much they will charge per trade?