montmorencyt2w
Senior member
- Messages
- 2,619
- Likes
- 294
Moving away slightly from what is perhaps the main thrust of this thread, which is whether the SB firms are trustworthy or not.
Instead I would like to concentrate on what we as SB traders would like to see, as the firms compete for our business.
1.We have talked endlessly about tighter spreads, and of course that is a good thing that can only be encouraged.
2. Cheaper overnight rolling fees. I know not everyone holds overnight, but for anyone wanting to swing or position trade, this is important, and it can start eating away into your profits, especially over a weekend.
3. Metatrader 4. SLM have made an excellent start. Let's see the others compete.
4. The ability to "hedge", i.e. holding contemporaneous positions in the opposite direction. There are several situations when you might want to do this. It doesn't have to be anything to do with "hedging" in the obvious sense.
You might be holding a long-running long position in a bull market, but might also want to trade the counter-trend intraday. You could do this in another account, but why not be able to do it in the same account?
I have seen one SB firm advertise this option ... was it World Spreads?
Looked interesting.
- What else is there?
Do we want a more "DMA-like" approach, like FXCM and Prospreads....?
Of course we want fast execution and no slippage.
Oh yes, I like the LCG/CS approach to margins, where you essentially pay up-front for the margin which is good for that position whatever happens to price. So long as you do not move your stop, your margin should stay the same, unless the firm decides to change margin requirements in the middle of your position, which theoretically can happen, but isn't that common. With this system, your stop will be hit before you get a margin call, which to me is a much more transparent thing ... you have direct and transparent control over your stop. It is much less transparent when it comes to margin, in my experience. I don't mind being stopped out. I don't like being margin called when my stop is nowhere near being hit, as has happened on occasions with firms that do not work like LCG/CS, etc
Instead I would like to concentrate on what we as SB traders would like to see, as the firms compete for our business.
1.We have talked endlessly about tighter spreads, and of course that is a good thing that can only be encouraged.
2. Cheaper overnight rolling fees. I know not everyone holds overnight, but for anyone wanting to swing or position trade, this is important, and it can start eating away into your profits, especially over a weekend.
3. Metatrader 4. SLM have made an excellent start. Let's see the others compete.
4. The ability to "hedge", i.e. holding contemporaneous positions in the opposite direction. There are several situations when you might want to do this. It doesn't have to be anything to do with "hedging" in the obvious sense.
You might be holding a long-running long position in a bull market, but might also want to trade the counter-trend intraday. You could do this in another account, but why not be able to do it in the same account?
I have seen one SB firm advertise this option ... was it World Spreads?
Looked interesting.
- What else is there?
Do we want a more "DMA-like" approach, like FXCM and Prospreads....?
Of course we want fast execution and no slippage.
Oh yes, I like the LCG/CS approach to margins, where you essentially pay up-front for the margin which is good for that position whatever happens to price. So long as you do not move your stop, your margin should stay the same, unless the firm decides to change margin requirements in the middle of your position, which theoretically can happen, but isn't that common. With this system, your stop will be hit before you get a margin call, which to me is a much more transparent thing ... you have direct and transparent control over your stop. It is much less transparent when it comes to margin, in my experience. I don't mind being stopped out. I don't like being margin called when my stop is nowhere near being hit, as has happened on occasions with firms that do not work like LCG/CS, etc