CFD provider recommendation?

[white_goodman]

Ive recently been asked by my folks to do all their trading... im looking at a CFD provider for aussie stocks but also would like to trade futures, indexes, commdoties, forex, international CFD's etc etc

any reccommendation or comments on these:

MF Global
City Index
International Brokers (how difficult is it to set up? I heard their statements are retarded with currency conversions etc)

also its a must that they are DMA/STP.... and preferably a good charting package...

 

[Trembling Hand]

Re: CFD reccomendation?

I assume you mean interactive brokers.

they are not CFD providers!!

 

[beamstas]

First Prudential (IRESS Platform)
GO Markets are ok too (saxo platform (software))
I've used IG Markets (web platform) too but i liked GO Better

 

[white_goodman]

Re: CFD reccomendation?

I assume you mean interactive brokers.

they are not CFD providers!!

yes sorry interactive... well they are out then...

regarding Go markets, I was intially going to use them but talked to them this morning and they are dismantling their Go Trader platform atm and thus only accepting FX accounts atm... allagedly they are transferring their cfd's etc all to mt4, but dont quote me on that...

 

[beamstas]

Re: CFD reccomendation?

yes sorry interactive... well they are out then...

regarding Go markets, I was intially going to use them but talked to them this morning and they are dismantling their Go Trader platform atm and thus only accepting FX accounts atm... allagedly they are transferring their cfd's etc all to mt4, but dont quote me on that...

I got an email from them saying they were going to use MT4 to concentrate on FX and that CFD's would be only through their GO Platform? No idea what they are doing to be honest

Brad

 

[Trembling Hand]

im looking at a CFD provider for aussie stocks but also would like to trade futures, indexes, commodities, forex, international CFD's etc etc

Why would you want to trade CFDs AND futures??

 

[white_goodman]

Why would you want to trade CFDs AND futures??

alterior motives.... my parents strictly want stocks exposure... I however wanna build up a bit of experience/record on other instruments so I can hopefully get a trading job in the future.... and as reccomended by someone on another forum, prop firms of a discretionary anture would take more notice of a good record in futures rather than strictly cfd's or spot forex...

 

[beamstas]

alterior motives.... my parents strictly want stocks exposure... I however wanna build up a bit of experience/record on other instruments so I can hopefully get a trading job in the future.... and as reccomended by someone on another forum, prop firms of a discretionary anture would take more notice of a good record in futures rather than strictly cfd's or spot forex...

You can do this on the GO platform it's $10 each way for Futures
Or you could traded futures cfd's at $1 a tick and a 4point spread

Brad

 

[Trembling Hand]

alterior motives.... my parents strictly want stocks exposure... I however wanna build up a bit of experience/record on other instruments so I can hopefully get a trading job in the future....

great idea! getting experience with someone else's money

You can do this on the GO platform it's $10 each way for Futures
Or you could traded futures cfd's at $1 a tick and a 4point spread

Brad

!!!!!! You cannot trade futures with go. they are CFDs of sorts

 

[white_goodman]

great idea! getting experience with someone else's money

I'm only doing it cos they asked me, its only a fraction of their investment income so no problemo...


"You are now chatting with 'Go Markets'

Go Markets: Hello. How may I assist you?

you: hey jsut curios do you still offer FCD's?

you: *CFD's

you: heard that your not offering them anymore

Go Markets: true, we are de-commissioning the CFD platform.

you: so how long till you offer CFD's?

Go Markets: we are focusing on the MT4 platform and offering FX.

you: yeh im already a customer

Go Markets: Within the next 6 months or so we will have CFD's on the MT4 platform."

 

[beamstas]

great idea! getting experience with someone else's money

!!!!!! You cannot trade futures with go. they are CFDs of sorts

I thought they did futs for $10 each way or a CFD for 4 point spread, OR $2 on the MT4 platform but i must be mistaken!

Anyway, this is the email they sent about MT4

 

[kam75]

MF Global
Kinetic Securities

 

[kingie_d]

Has anyone used Go Markets for their Index CFDs? Does their "ASX S&P 200 Index" deviate from the XJO besides the spread? How much does the spread widen and how often?
Regarding the posts about them scrapping their CFDs, has anyone had any updates if they are still going to be available?

 

[Gordo888]

Go's Index CFD's are white-labelled from Saxo so they are market-made, and will deviate from XJO from time to time

 

[sails]

Has anyone used Go Markets for their Index CFDs? Does their "ASX S&P 200 Index" deviate from the XJO besides the spread? How much does the spread widen and how often?
Regarding the posts about them scrapping their CFDs, has anyone had any updates if they are still going to be available?

They did have it on MT4, but a few of days after signing up with them, they decided to disable trading on the ASX200. Would have been nice if they had told me before going to all the trouble of creating the account especially as I made it clear the account was being set up specifically for the ASX200. Not impressed with them...

It's still available as a chart on MT4 but it can't be traded.

 

[white_goodman]

anyone with MF Global... what platform/charting software am i meant to use?

mainly wanna trade CFD's 80% of trades, then the rest probably forex... can this be all done off one platform/account?

 

[beerwm]

yeah,

im tossing up between

FirstPrudential
MFGlobal

they seem to be the pick of the bunch

 

[white_goodman]

yeah,

im tossing up between

FirstPrudential
MFGlobal

they seem to be the pick of the bunch

my only problem with MF global is the rort they charge regarding licencing fees and asx data fee.... i dont wanna be forced to trade for the sake of trading

 

[gav]

my only problem with MF global is the rort they charge regarding licencing fees and asx data fee.... i dont wanna be forced to trade for the sake of trading

But do you need live data to trade? If not, can you just use EOD and not pay the data fee?

 

[white_goodman]

But do you need live data to trade? If not, can you just use EOD and not pay the data fee?

i dont ill be doing EOD...

anyone have any feedback on Sonray? I like how their platform has the ability to trade different instruments all within same platform