Just to announce that ProSpreads now offer DMA spreadbetting on Equities, at the moment we offer the FTSE100 & STOX 50.
Will you be providing an automated trading platform or API anytime soon?
Just to announce that ProSpreads now offer DMA spreadbetting on Equities, at the moment we offer the FTSE100 & STOX 50.
Just to announce that ProSpreads now offer DMA spreadbetting on Equities, at the moment we offer the FTSE100 & STOX 50.
Is it really DMA, or DMA-like?
Why not indeed? So PS are offering a 1.5 point spread per RT on the FTSE100 including commission, with no requotes, narrowing to 1 point per RT after 100 RTs of £10, or 1 RT of £1000, etc.Why don't you try us out Ross and then report your experience on T2W?
Why not indeed? So PS are offering a 1.5 point spread per RT on the FTSE100 including commission, with no requotes, narrowing to 1 point per RT after 100 RTs of £10, or 1 RT of £1000, etc.
I'd be interested to hear reports from clients.
On the other hand, I'd also be interested to hear Prospreads answer Ross's question!
Johnnn
We offer DMA on all products, you can test this by running our prices against another DMA platform.
Is it possible to enter the market with stop and take profit at the same time? The prices you quote on your platform, are they the prices we pay or do we have to add a pip or %?
You can place these orders individually, so you are working a sell stop and a bid below but not as a one click order.
we advertise our spreads on the website, you have to add or subtract a spread from the actual market price.
Thanks for the response. So to clear this up neatly. We trade the price on the screen quoted, but we subtract 10% of our winnings as that would be the price of the added spread?
Not sure where the 10% of profits from, but for example on the Equities we charge 10 basis points in and out.
on the Ftse Future if the market was 5737/ 5737.5 and you bought the offer your actual fill would be 5737.75 ( £ 2.50 )
Thanks again, seems ok to me if you're really entering the real market with our trades and profiting by charging a small commission.
So it's in their interests that you lose?Prospreads take the other side of your trade
So it's in their interests that you lose?
We auto hedge a lot of our client trades and strategically hedge the other trades. We always replicate the price and liquidity of the underlying markets, so the DMA functionality is available for all client orders, therefore the trading experience is never compromised
The Ftse Future prices they quote are the real live Ftse Future prices,you can make a trade at those price,but your trade will not be executed in the future market.Prospreads take the other side of your trade,they add an commission spread of 1 point round trip or 0.5 round trip if you trade 200+ round trips.
So sometimes it's in their interests that you lose, and sometimes it doesn't matter to them one way or the other?I think not all trades are hedge.
So sometimes it's in their interests that you lose, and sometimes it doesn't matter to them one way or the other?
Depends on whether they hedge or not, and whether you continue to trade. They won't make anything without clients!
Ross, can you tell me what spreadbetting company can make money without clients.???
Errm, that's what I meant. ProSpreads doesn't have many clients, apparently.