Financials Acquisition Share Discussion Threads

[farmer george] 13/1/2002 23:51

Do any sb firms offer L2?

[cashflo] 13/1/2002 23:27

D4F here we come, minimum 1K i believe..so I will give it a try be interesting to see fins resposnse

[farmer george] 13/1/2002 23:02

does one get L2 with D4F?

[bp53] 13/1/2002 23:01

djlungi-

any news/comments on client's money and protection in case of belly up?
thanks.

[djlungi] 13/1/2002 22:52

Barclays has been a dream of late. D4F now let you trade til 900pm, the price post 430pm is based on the ADR qoute. The US quote is normally higher, if you are long it provides a good opportunity to exit or an excellent opportunity to go short. It is not written in stone but can be explored on a regular basis.
Downsides - it is not possible to run a tight stop loss, the exagerated movements have probably closed alot of punters out. The spread rises to twenty points, but can be useable in the right conditions.
Arm, Glaxo, Vod, Bay and a few others have afterhours potential - it just ties you to the pc 'til 900pm - quite sad but profitable !!!!

[bp53] 13/1/2002 22:46

hi taxi-
i use deal4free for share dealing and fin for index
very tight spread with deal, on say barclays as much as 15-18p.
on friday i did 3 trades on barclays all with decent profit
only concern is 'the protection' of our money.
i wrote a letter 2 weeks ago as i was concern but still no reply in writing but they did confirm on the phone that they have seggregated client a/c.
phone them and ask in writing for their reply, i would be most interested.
you have my email address.

[taximania] 13/1/2002 22:20

Hey dj - it's took me 12 months to learn about the other companys so anything you can pass on now would be great , especially an example of how they quote and how it can go for them/against you - cheers

[djlungi] 13/1/2002 22:15

Taximania
re D4F.
Yes, you could turn a postion in about a minute. It's not always that clear cut, but I accept that the odds are slightly in CMCs favor. After a while you pick up on the pitfalls and trade accordingly.

[yoda999] 13/1/2002 22:13

Be very careful if there's a disclaimer concerning SFA (FSA) protection...can't have much faith in their own system. Not just regarding client funds but compliance, etc...could be a stitch up.

[wolf] 13/1/2002 22:06

let me know what you find if you read it before me,

thanks

wolf

[taximania] 13/1/2002 22:02

Hmm , i will need to check that first , i am all set to open an account but would not do so without fund protection , will check my literature when it arrives.

[wolf] 13/1/2002 21:53

taxi,

i'll have to read their terms & conditions to be clear whether this relates only to CFD's or both CFD's & spreadbetting.

the discussion on the thread states that the company IS sfa regulated but that

"You signed away your rights to SFA security when you filled in the application form. You had to indicate you were "a professional"."

these comments date back to last april, so will need to check that they remain the same.

[taximania] 13/1/2002 21:42

Wolf - r u saying d4free are not sfa regulated ?

[wolf] 13/1/2002 21:39

thanks everyone for your input,

i've also been reading up on a thread on the pbb which is not all rosy - mostly re requotes. going back to last april, fair amount of disconnections at crucial times - though this is not mentioned lately so perhaps it's improved?

re the re-quotes, my view is that i guess a re-quote on d4f would still be better than the standard quote from fins

i think that my main concern after reading the thread is the fact that when you sign their agreement you sign away your rights to sfa protection. so if they go belly up - no money.

think i will open an account but keep it small. if i manage to make any money i will regularly withdraw it.

wolf

[taximania] 13/1/2002 20:46

It seems like hardly anyone uses d4free , come on guy's does the system work , can you buy and sell azn in the space of a few minutes on this small spread , what are the drawbacks of trading with d4free??
What about this requote business does it hamper frequent trading?

[psuedoname] 13/1/2002 20:42

Returning to the thread title I use both daily.


First, second, and third choice would be D4F and then if the whole lot of D4F has packed in I use Fins. Fins is a nicer site but so expensive to use on spreadbetting. IMH(humble)O.

[random] 13/1/2002 20:41

There are some less than positive comments about D4F spreadbet and Cantors etc ... on PBB.
According to the PBB D4F have non-segregated client accounts, so if they go belly up, most likely so does clients cash.

The costs associtated with D4F are borrowing/lending costs/credits. D4F are the net winners from their clients because of the spreads. Any D4F hedging using CFD's only reduces their profits.

Don't invest everything with any one broker or MM.

I do use D4F myself, but only the minimal £1K.

The tax position regarding finanial spreadbetting could change anytime, at a whim, so don't assume you won't pay tax. Some traders prefer to pay tax, since the position is clear.

If your principle source of income is spreadbetting, the IR are likely to want a cut, sooner or later.

Thought I would add these comments to bring a bit of balance to the discussion.

[duffinvestor] 13/1/2002 20:32

cashflo:

pc Market-Eye is just what you are looking for but I believe it's current price is around £1300 a year

It uses a TV signal to deliver the streaming prices and the fee includes all the hardware you need. If you want to see it in action then try your local HSBC branch, they use a 'black box' version of the product but it delivers same thing.

couldn't see the other thread!

[yoda999] 13/1/2002 20:25

Humanutan, good thinking, forgot about S'pore. Extra cost of travel though + beer expensive. Don't know anything about D4free...sorry, bit of a lame excuse but read Taxi's comments somewhere that it does sound too good to be true. Experience tells me if it sounds, it is. Just a total guess but perhaps they suddenly switch spreads against you from bid to offer say if you're short or price they give is way off market price...don't know really as new to s/b game as previously was into futures and options but there you get hit with MM(can be wide) and broker's comms + contract charges + tax

[cashflo] 13/1/2002 20:14

Ta for the reply yode, ideally what I would like would be a glorified version of teletext with just updating prices, the obvious solution would be advfn streaming connected with adsl, have isdn at the mo but isp will spit connection out after an hour or so and I don't like adsl, call me akward etc, I will definately have to upgrade computers if going to dabble with d4f though

edit: human apologies - will start new thread

[humanutan] 13/1/2002 20:11

Yoda:- nice work moving to the city of Angels. Best of Luck. BTW if you can fly to Singapore any time, I'll guess you might find even greater savings on a laptop than in BK. & back to the thread - as you mention wanting to trade with Fins, curious as to what benefits you see with Fins over D4F?

Cashflo: your question is so OT - might it not be better to start a new thread?

[yoda999] 13/1/2002 20:07

Cashflo, If you can get them, I think Bloomers TV and CNBC have live quote for ftse 100, bottom right corner, with streaming individual live quotes across bottom of screen. Ceefax and CH4 prices update every 15 mins but are real-time at time of update.