Finally!

[trader_dante]

Tradefair has cut its spreads!

Dow is now 3 ticks.
GBP/USD: 2 pips
EUR/USD: 1 pip.

Apologies to those that already knew this.

P.S I've used Tradefair for a long while now and I don't think this spread cut will come at the expense of quality. Their spreads are fixed and I've not had a requote in the time I've been with them 🙂

 

[Black Swan]

Thanks for the heads up...

 

[Shakone]

For what hours are they 3, 2 and 1 respectively. Surely it can't be all hours. Between 7am and 9pm?

 

[trader_dante]

For what hours are they 3, 2 and 1 respectively. Surely it can't be all hours. Between 7am and 9pm?

Yes it is all hours 🙂

This is a really important change - in the four years I've been spreadbetting, GBP/USD has been 3 pips and the Dow has been 4.

I imagine a lot of other companies will be forced to follow suit...

Now here is praying they cut the spread for the Bund from 3 to 2 and it will be clean up time 🙂

 

[Black Swan]

Yes it is all hours 🙂

This is a really important change - in the four years I've been spreadbetting, GBP/USD has been 3 pips and the Dow has been 4.

I imagine a lot of other companies will be forced to follow suit...

Now here is praying they cut the spread for the Bund from 3 to 2 and it will be clean up time 🙂

If they cut GBP/JPY to 2-3 I'll survive on 2 hours kip a day for a year...burn out and recover in a 5* Swiss sanitorium...😀

 

[advfntrader]

you rate tradefair as one of the best then Dante ?

 

[firewalker99]

If they cut GBP/JPY to 2-3 I'll survive on 2 hours kip a day for a year...burn out and recover in a 5* Swiss sanitorium...😀

If you want 2 pip spread on G/J, go DMA...

 

[montmorencyt2w]

Thought you were a confirmed E*Trade man Tom.


FWIW (and probably not in the same league) Interactive Investor (iii) has just cut its margins (but not its spreads, as far as I know).

 

[Lord Flasheart]

I use tradefair and they are as good as anyone else. I believe the tighteneing of the spreads was pushed for by betfair,a company that we can all trust. They want to be big players on finance betting.I just wish they would sort out their binaries and get more players on board.Their ftse spreads on the 20 mins are far better than anyone elses. Can you imagine an exchange that is completely nuetral with tight spreads on all time frames and all products......how good would that be combined with 1/2 pt ftse, 2 pt dow etc.

 

[montmorencyt2w]

Just had an email from Capital Spreads announcing spread tightening including:

EUR/USD Rolling Daily: 1 point
GBP/USD Rolling Daily: 2 points
Wall Street Rolling Daily: 3 points

No idea how consistent these are though.

 

[montmorencyt2w]

I use tradefair and they are as good as anyone else. I believe the tighteneing of the spreads was pushed for by betfair,a company that we can all trust. They want to be big players on finance betting.I just wish they would sort out their binaries and get more players on board.Their ftse spreads on the 20 mins are far better than anyone elses. Can you imagine an exchange that is completely nuetral with tight spreads on all time frames and all products......how good would that be combined with 1/2 pt ftse, 2 pt dow etc.

I notice that while they might have tight spreads on EUR/USD and GBP/USD, the margin requirements are rather variable, e.g. 60-200 for GBP/USD.
For EUR/USD it's 40-200.
A trap for the unwary.

Also some of their spreads are not that brilliant, e.g. EUR/GBP is 4. (I would expect no more than 3).

EDIT: although, to be fair, I've just noticed that their Bobl is only 2. (Bund is 3).

Also, I beg their pardon: EUR/GBP is only 2, at least as I look now in the London session. Maybe it widens at night which is when I posted the above, unless I was confusing it with GBP/EUR, which is 4 as I look now.
Also the JPY pairs I have compared seem quite competitive.

EDIT2: I asked them about what 60-200 meant. Apparently the 200 is the margin required if you don't specify a stop and you get their automatically-generated stop. The margin doesn't widen overnight. Their reply is appended:

The margin requirement does not widen overnight.



When you place a trade the system checks if you have the minimum margin requirement available in your trading resources. The minimum margin requirement for GBP/USD is £60 to place a £1 bet. Regardless how close you place your stop the system will always hold the minimum margin of £60.



If you do not specify your stop loss the system will create an automatic stop. To create a stop it checks your trading resources and takes as much money as possible to create the stop. However the highest amount the system would take of your trading resources to create the automatic stop is £200.