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CFD/Depth and sales platform, help wanted.
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CFD/Depth and sales platform, help wanted.

  #21 (permalink)
Brisbane, Australia
Posts: 95 since Mar 2018
Thanks: 72 given, 26 received

mattz View Post
I respect the fact that you are trying to save many traders from making bad choices and yes, penny stocks and Binary options are instruments where many customers are taken advantage of and cheated out of hard earned money.
However, we can not go around in determining what is legit just based on the underlying product. The broker/market maker/dealing-desk makes a big difference in determining whether the product is priced right and whether the traders have a truly fair chance for positive expectancy.

On this note....

An ETF is an exchange-traded product while CFDs are made by a dealing-desk/Market-Maker and could vary in pricing across different broker on the exact same instrument. CFDs are based only on the cash value of the product.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Hey Matt, what about direct market access CFDs?

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  #22 (permalink)
Market Wizard
Boca Raton
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
mattz's Avatar
Posts: 2,384 since Sep 2010
Thanks: 2,320 given, 3,460 received

Revan View Post
Hey Matt, what about direct market access CFDs?

To the best of my understanding, a true DMA CFD could only be valid if there is an underlying instrument trading on the exchange that the dealer can hedge against. I am not sure you can truly say that about every CFD offered there.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #23 (permalink)
Mianyang China
Trading Experience: Beginner
Platform: Multicharts
Broker/Data: broker: Oanda
Favorite Futures: HSI, DAX, ES
Posts: 80 since Aug 2017
Thanks: 18 given, 9 received

Hi, I am trading CFD now with Oanda.
To my understading, a CFD is a trading tool that follows the underline assets, which is of small face value the the under funded can trade the market.
To trade a CFD, you have to read the real market chart it's tracking.
Like in Forex, the broker charges in spread. A decent broker's CFD will move in the same way with it's tracking vehicle.

I have observed many brokers, here's my result:

Oanda is an honest one, their CFDs move in line with the underline assets, the price of their CFD is discounted frome the future contract, so the price is few points lower, but the movement is the same. The Spread of ES (US SPX500) is just 0.5, German(Dax) 30 is 2(Day session), which I think is quite decent.

CMC markets. A good broker, their CFD move the same way with real markets. Spread is higher than Oanda.

IG. IG offers many CFD, usually the index future and the index itself. I observed the cfd of index, the price of CFD does not move in the same way with the index( it's the China 300 that does not move in the same way) so I pass it.

Lmax. Lmax is an Forex exange, you are not trading against it. The CFD on Lmax is provied by third party Liquidity providers such Godman sach, Citi...You know the big names. the spread is not high, for Lmax charges 0.0025% as commision.

FCXM, CFDs not move in the same way with the real contrac (Hong Kong 50, for HSI contract)., spreads of CFDs are too high, observed this mornning(Beijing time), is it because it's a holiday?

Overall I choose Oanda, for it's an honest broker and their spread is not high, and their CFDs move the same way with.

Lmax and CMC are also recommed. I think the actual cost of Lmax is not cheaper than Oanda, for their CFD does have spreads and they also charge commision. CMC provids small face value CFDs.

As for IG, you should make more observation on their CFD, for the China 300 I watched is not a popular one.

I think when trading CFD, watching the real markets data is critical.

The reasons why they offer CFD I think are: 1. The law of large number, most people would lose, this is a plus for the broker; 2.The High leverage makes people more easy to lose, another Plus for the broker; 3. Every trade you make, they earn the spread, that's a fixed income for them, like insurance company cellect a premium, third Plus for the broker; (4). Those bucket shops (not so decent brokers) just adjust the price of CFD against you to make you lose or ban you if you consistent win from them.

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