Capital Spreads or CMC?

[garagemc]

Hey guys I am looking for a limited risk account to practice trading on. I am currently with IG index but they have already cocked up so............

After reading the forums I have noticed that the 2 best providers are capital spreads or CMC, however I am not sure as to which to pick.

I am looking for tight spreads as usual and a clear, concise user interface.

If you could help me to pick and provide reasons I would be greatful.

Thanks

 

[fibonelli]

you could open demo accounts with both of them and see how you go

 

[Priceman]

http://www.trade2win.com/knowledge/brokers/

http://www.trade2win.com/boards/showthread.php?t=20471

http://www.trade2win.com/boards/showthread.php?t=16595

http://www.trade2win.com/boards/showthread.php?t=21943

http://www.trade2win.com/boards/showthread.php?t=20743

It's all on here my friend if you want some homework for the night... shouldn't take long to wizz through speed reading the important stuff...I am quite happy with CMC but not many knock Capitalspreads, I have never used them so can't comment.

Good luck, oh and don't try news scalping with any of 'em coz they wont like you!

 

[RunTheNumbers]

Hey guys I am looking for a limited risk account to practice trading on. I am currently with IG index but they have already cocked up so............

How did IGIndex **** up?

regards

Ben

 

[pssonice]

"I am looking for tight spreads as usual and a clear, concise user interface."

no1 needs tight spreads as usual and a clear, concise user interface.

every1 needs entries exits and stops.

I will remind u on this matter while delivering your first entry

 

[the blades]

Hey guys I am looking for a limited risk account to practice trading on. I am currently with IG index but they have already cocked up so............

After reading the forums I have noticed that the 2 best providers are capital spreads or CMC, however I am not sure as to which to pick.

I am looking for tight spreads as usual and a clear, concise user interface.

If you could help me to pick and provide reasons I would be greatful.

Thanks

Hello garagemc,

You don't say what you plan to trade, or the frequency of it, but I think you'll find the tightest spreads are with CMC for equities. Unlike the others, who offer a fixed additional spread, CMC's spread depends on the liquidity at the time. Their worst spread is worse that all the others, but 95% of their spreads are far tighter than the others.

I believe Capital aren't too far behind - however be aware that because of the way they operate stops (your margin is proportional to the distance of your stop) you can find that this is a significant additional cost. Money tied up in margin is money not appreciateng elsewhere. It was an issue for me, though I'm a longer term trend follower and my stops are as wide as a barn door - I use hedging to limit my risk. It may be much less of an issue for you.

Take a look at the thread "cost of spreadbetting" for a comparison of costs from varioius providers, use the spreadsheet at the end of the thread - sadly not too many entries for CS - but you may want to compare CMC's average with a snapshot of the CS website's.

Cheers,
UTB

 

[garagemc]

I will be mainly trading the uk and US indices, I have tried a demo a/c with capital spreads however the interface was nowhere near as good as IG index's. Will have to try CMC. Thanks for the info guys much appreciated!

Is there a place where we can discuss what shares/ equities and indices etc we are trading/spreadbetting?

 

[2be]

I will be mainly trading the uk and US indices, I have tried a demo a/c with capital spreads however the interface was nowhere near as good as IG index's. Will have to try CMC. Thanks for the info guys much appreciated!

Is there a place where we can discuss what shares/ equities and indices etc we are trading/spreadbetting?

Some time ago, I have heard from a fellow trader that CMC demo was not that great, slow and not performing as good as live account. So I never got a demo, instead I have open a live account with them. Within the last few years they really have put together imho a good system, good charting packet. One has to get used to the way of executing trades and keeping things tidy!!!!! especially in the "Current Orders" and "Pending Orders". There is also no Trailing StopLoss which I would like to use on some trades. I find their execution good and over all I have found CMC to provide a good service.

 

[garagemc]

They have no stop loss, or limited risk accounts? (CMC)

 

[2be]

They have no stop loss, or limited risk accounts? (CMC)

They have StopLoss but one has to adjust it manually as what CMC provides is not an automatic Trailing StopLoss (which follows the trade up or down and it takes you out of the trade when the market reverses the set amount of pips).For some trading strategy it is very useful, as one can live the trade longer without constant supervision. IMHO good for short to medium term trades, not so good for scalping (although???) They also provide very useful One Cancels the Other (OCO), once you got into trade, it allows you to preset Stop-Loss Order and Limit Order and whichever is reached first takes you out of the market with either profit or loss, without the need to manually cancel any other set orders relating to this particular trade. On the whole one has to keep things tidy on CMC platform as a few trades have to be carefully managed. It is also possible to open a second account with CMC, one for short time trades and the other for medium/long time trades. The other advantage is that the second acc can be accessed from another computer, especially useful for different time frame charts and so on.
Happy trading

 

[MidasTouch1]

CMC - no doubt!!!! Avoid CS !!

 

[fxwinner22]

The cmc platform is pants - really poor. however not bad for volume traders.

If you are a small trader (and i don't mean less than 5 feet tall) of say £25 a pip or less than Capital Spreads is your best choice and they will look after you.

 

[lemons]

The cmc platform is pants - really poor. however not bad for volume traders.

If you are a small trader (and i don't mean less than 5 feet tall) of say £25 a pip or less than Capital Spreads is your best choice and they will look after you.

I thought you canceled your Capital Spreads account due to bad fills?

 

[lemons]

I have had an account with CMC for about a year and have had no problems with them, there charting platform is much better than CS in my opinion.

Now on to Capital Spreads I opened an account recently and was using GFT's charts I placed my first trade it was filled instantly no problems.

What was disturbing was I had two live accounts with CS up on my screen, my account and my brothers account.
The trade I placed was on Eur/Usd, now what was strange was my Eur/Usd ticker was moving slower than my brothers who didn't have an open trade and at some points they were out of by as much as 3 pips for up to 20 seconds.
I couldn't believe what I was seeing they were giving people with open bets a slower lagged weighted price compared to those who were waiting to get in a trade.

I watched this for as long as I had my trade open and it continued, needless to say I closed my account down straight away.

Avoid Capital Sreads at all cost.

 

[ch4cb]

Lemons,

Did you have deal tickets open (which update live) or were you just looking at your open positions which only update every 10 seconds or so. I have been trading with capital for over a year and have never seen 2 deal tickets with different prices.

If what you say happened then you can arb them by selling the higher price and buying the lower.

 

[lemons]

Lemons,

Did you have deal tickets open (which update live) or were you just looking at your open positions which only update every 10 seconds or so. I have been trading with capital for over a year and have never seen 2 deal tickets with different prices.

If what you say happened then you can arb them by selling the higher price and buying the lower.

They were both the same dealing ticker.

 

[2be]

Hey guys I am looking for a limited risk account to practice trading on. I am currently with IG index but they have already cocked up so............

After reading the forums I have noticed that the 2 best providers are capital spreads or CMC, however I am not sure as to which to pick.

I am looking for tight spreads as usual and a clear, concise user interface.

If you could help me to pick and provide reasons I would be greatful.

Thanks

Just for practice FXCM demo can be quite useful and if they stop you after 30 days for £300 one can open a live account and have the possibility to activate demo acc every month. For demo this works fine, but for trading larger amounts I am not so sure.

 

[fxwinner22]

I thought you canceled your Capital Spreads account due to bad fills?

no, didnt close it, just reduced it below the radar - that's why i said 'below £25 a pip' - they are prob the best sb firm at that level

 

[marlintrdg]

Just for practice FXCM demo can be quite useful and if they stop you after 30 days for £300 one can open a live account and have the possibility to activate demo acc every month. For demo this works fine, but for trading larger amounts I am not so sure.

Stay very well clear of FXCM!!! Really bad news..

 

[redart007]

Are the SB companies that provide trailing Stop Loss?

They have StopLoss but one has to adjust it manually as what CMC provides is not an automatic Trailing StopLoss (which follows the trade up or down and it takes you out of the trade when the market reverses the set amount of pips).