If this is correct, I see now reason to sign up with this kind of spread. Probably a project they have started in order to test the platform. I can not imagine a serious traders signing up with them paying this huge spread.
Hi .. yes you are right .. this is a beta version of our site.. we are really focusing on trying to bring relevant real time market news to new spread bettors.. we needed a way to display live prices on our site and this is what we have for the time being - the spreads are too wide for pros - but the minimum bet size is 0.10 p and stops are guaranteed -we are going to change the trading platform at some point- we found people new to spread betting struggle to find relevant real time market moving news so we act as a free pointer/news aggregator - people can use any trading platform they choose. (shorts and longs works pretty well) - anyway it's a work in progress and all feed back is appreciated .
Nice to have a representative for the company on board. I do not think it is a good idea profiling and branding your company with this kind of huge spread, it is simply not a serious way of marketing the company. It is a fierce competition out there and this will not work even with 0.10 p bet size and guaranteed stop loss. However, if you can build a nice looking information site with charting of free buy and sell signals you really got a good thing going.
Cheers.. they dont need to sign up to get the news.. it's free.. have a quick look at the dealing room today and look at the chart.. the red dots show the bad news and the green dots show good news.. all released in real-time.. a newbie would have made money today by following the news alerts - it's a free newswire for newbies so they dont have to look at loads of different news wires and try and figure out what is going to make the market move - the calendar updates without the need to constantly refresh unlike some of the others (FXstreet) - it's not a site for pros but I hope it helps out new traders who cant afford to pay for real time systems - nobody needs to sign up and you dont even need a log in - if i had to reccomend a site for newbies I would say shorts and longs is fairly good.. VDM are not good.- anyway as i said it is free to use.
Yes ggmarkets, as VDM previous was involved with the company. Good or bad SB companies, the question is irrelevant as it depends upon so many parameters. From my perspective and experience over the years, I found ggmarkets to be one of the best SB companies around. I seem to have less execution problem with them compared to other SB companies I trade with, while others on the other hand, have not had the same positive experience trading with them based on their expectations.
That is in fact what I said in my post. You have to read carefully the complaints that members have about a company. A few have been thrown out, not being able to continue trading with them (they are indeed very sore about this fact), it can for sure be debated if this is the right client policy (although they have every legal right to do this). Otherwise, posters do not provide much information about how it is trading with them. I have been around on this forum for quite a long time, and knows when there is a complain against a company that must be taken seriously. I am ready for a debate anytime, but please post relative content in which to have a serious discussion about, this I haven't seen much of on the ggmarkets thread, why do you think this is the case?
I notice, this is a thread going back a year, and again mostly complaints from guys that are not able to trade with them. You say they are the worst SB company around, give me information what makes them being so bad. Slippage, not in my book, bad execution, not in my book, spread pretty good on some indices and a price feed that follows the future. I simply don't understand how experience trading with them can differs so much from person to person. I have no personal interest in this company whatsoever, other than being a trader (besides maybe the fact they are based in Sweden). You say it is irrelevant they are allowed to close down an account. Really, a SB company has every legal right to not wanting you as a client. According to the MiFID financial directives this does not violate any rules. You are able to trade with them?
Slippage on which instruments and market conditions?
I notice, this is a thread going back a year, and again mostly complaints from guys that are not able to trade with them. You say they are the worst SB company around, give me information what makes them being so bad. Slippage, not in my book, bad execution, not in my book, spread pretty good on some indices and a price feed that follows the future. I simply don't understand how experience trading with them can differs so much from person to person. I have no personal interest in this company whatsoever, other than being a trader (besides maybe the fact they are based in Sweden). You say it is irrelevant they are allowed to close down an account. Really, a SB company has every legal right to not wanting you as a client. According to the MiFID financial directives this does not violate any rules. You are able to trade with them?
