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CFD/Spread betting sites

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  • 24-01-2006 10:11am
    #1
    dunkamania
    Closed Accounts Posts: 1,803 ✭✭✭


    I am planning on opening either a CFD account or a spread betting account in the immediate future.

    Can anybody who has done this reply with details of what sites they used and how they got on.

    Thanks


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  • Options
    #2
    heywood100
    Closed Accounts Posts: 31 ✭heywood100


    Irish Binary Betting site.

    Great liquidity on Dow

    Better than the UK firms by a mail and because it is an exchange better value.

    Google them.

    They have 65,000 members


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    #3
    fintan
    Closed Accounts Posts: 647 ✭✭✭fintan


    Hi Dunk

    All depends on what you want to trade but City Index and Bet Fair are among the best.

    Cheers

    Fintan


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    #4
    Hitchhiker's Guide to...
    Registered Users Posts: 3,322 ✭✭✭Hitchhiker's Guide to...


    heywood100 wrote:
    Irish Binary Betting site.

    Great liquidity on Dow

    Better than the UK firms by a mail and because it is an exchange better value.

    Google them.

    They have 65,000 members

    The commission is brilliant, but it is hugely let down by the lack of liquidity (just looking at the gold prices for example). Will be a good site, but needs far more members. You'd need far more than 65,000 members to create sufficient liquidity in the very large number of open positions...


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    #5
    dunkamania
    Closed Accounts Posts: 1,803 ✭✭✭dunkamania


    Cheers guys,I will give it a shot and let you know how I get on.

    This time next year I will be a millionaire.


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    #6
    Hitchhiker's Guide to...
    Registered Users Posts: 3,322 ✭✭✭Hitchhiker's Guide to...


    btw - anyone know any good books/guides to spreadbetting? i know options/futures, but not anything specific about spreadbetting...


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    #7
    dunkamania
    Closed Accounts Posts: 1,803 ✭✭✭dunkamania


    I tried to join up to,IG,because they say they cover all of the FTSE 250 stocks aswell as the FTSE 100,FTSE 250 are the ones I am really interested in.


    There were a lot of personal questions I wasnt happy answering,where do you work,how much do you earn,etc.

    After all that I got an e-mail asking me for a photocopy of my passport and a copy of a utility/bank statement.Is this standard?


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    #8
    Hitchhiker's Guide to...
    Registered Users Posts: 3,322 ✭✭✭Hitchhiker's Guide to...


    dunkamania wrote:
    After all that I got an e-mail asking me for a photocopy of my passport and a copy of a utility/bank statement.Is this standard?

    yes, its for anti-money-laundering laws...

    the earlier questions about earnings etc were to check the level of risk you should be assuming...


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