The Best Spread-Betting platform / company

mcirl2

I am trying to decide which company I will open a spread betting account.

I like paddypower's demo platform over other demos. Has anyone here used the real one.

I am thinking that I will go with igindex because they seem to have been around the longest / are the biggest.

For reliability in terms of order execution, price accuracy and chart accuracy - who would be the best.

Also, would it be better to get charts elsewhere or would his make life very confusing?

Appreciate any advice.

Mike

PDelux

I have accounts with Deltaindex, IG Index and Paddypower because each one is not perfect.

Delta:
Cons:
quite limited range of markets
customer support used to be good at the start, now not so good

Pros:
no currency risk
never had any slippage in stopped orders

IG Index:
Cons:
currency risk depending on what you are trading
alot of slippage, need to set stops carefully

Pros:
interface is my favourite with key technical support info on many stocks
great range of markets including small irish shares
always seem to be improving things, like the new trailing stops etc.
happy enough with customer support


Paddypower:
Cons:
interface is the worst, slow, buggy
not a great range of quarterly contracts for non-UK stocks

Pros:
no currency risk
good range of UK stocks, not as good as IG but better than Delta
happy enough with customer support


All in all never had an "issues" with any of them.

portomar

i have deltaindex and recently igindex.

biggest con of delta in my opinion is that its closed when some markets are open, so if you go long gbp/dollar, the market could be swinging all over th place but it wont affect your bet until they decide to get their asses into work, means a much bigger risk for the punter. igindex currency risk is only for the duration of the trade, funds can be held in euro. ig has tighter spreads for the most part too

mcirl2

if you used gauranteed stops, would that avoid slippage or is it unavoidable?

also, what do you mean by currency risk?

thanks for the info - great help!

portomar

mcirl2 wrote: »

if you used gauranteed stops, would that avoid slippage or is it unavoidable?

also, what do you mean by currency risk?

thanks for the info - great help!

igindex are uk, therefore some bets you make are in sterling or dollar, leaving you open to the pound getting massacered while you were shorting it and leaving you down when the conversion is made anyway!

PDelux

Just to add to what porto said, with Delta and Paddypower you have your account in Euro and trade everything( UK, Irish, US stocks etc.) in Euro.
With IG Index, you can have your account in Euro and trade stocks in countries which have the Euro(Ireland, Germany etc.) in Euro but you can't do that for others like UK, US stocks. What happens is they take the deposit you need for the trade and convert it into pounds or dollars and therefore you have a currency risk.

Re the guaranteed stops, yes they are supposed to eliminate slippage but i've never used them. Sometimes i don't get slippage with IG index but most of the time I do.

merc998

Spread betting is an extremely exciting market i really enjoy it,i always use my stop/loss dont want to be losing anything thanks only like the profits!!!

ixus

Welcome to the forum merc998, just a bit of advice.

There's no need to bring up a post about spread betting in three seperate threads. One should suffice.

Enjoy the forum.