CFD Broker for DAX | Reviews of Brokers and Data Feeds


futures.io - futures trading strategies, market news, trading charts and platforms


Reviews of Brokers and Data Feeds


Review and discuss futures brokers, their requirements and features, or ask questions about brokers and data feeds




 

CFD Broker for DAX

  #12 (permalink)

Hertfordshire England
 
Trading Experience: Intermediate
Platform: NT
Favorite Futures: DAX
 
pvlee's Avatar
 
Posts: 92 since May 2011
Thanks: 96 given, 164 received


Zemlic View Post
Hi Pvlee,

Thank you for an answer. I have narrowed it down to oanda a fxcm now. The idea of using ninja is big plus. Do you mind me asking, do you trade with fxcm?

Also, I'm still confused from difference between trading futures and CFDs in pricing and quiet frankly feeling like an idiot.

Dax on futures move in points, where one point is worth 25 per 1 Lot, and half a point is worth 12.5.
On CFDs on a 1 lot how much is one point worth? Is it 10 and 1/2 point 5 or point is worth 20 and 1/2 point is worth 10.

What ever it is, you could clarifi please, 0.1 lot dax CFDs will be worth 1/10 of a full lot.

Sorry for being an idiot with this, I just can't get it.
Thank you

I have a few accounts with FXCM and have found them to be pretty good. Slippage doesn't seem to be any more than trading oil futures, although Maybe if I tried trading large volume I may see more execution problems. The spread on GER30 is usually around 1 point, although has been 3 points during high volatility periods eg. Brexit, Grexit

FXCM use a lot based system and 1 lot on Ger30 is approx 6.5p, so you can learn to trade and only risk peanuts.

If you are just starting out, I would recommend this over futures unless you are looking to risk/make a few grand a day then futures would be better

Reply With Quote
The following user says Thank You to pvlee for this post: