I am currently with Capital Spreads and while execution has been instant for most of my time because of the small size and the fact they would just automatically take the other side of the trade knowing i will probably lose.
However now that I have been more successful over the last month, and my trade size has increased, my trades are now increasingly going via the dealing desk instead and I commonly wait 5 seconds for execution, and even up to 40 seconds on one ftse trade at london open on tuesday (by which time I was conveniently 15 points down). Also conveniently (for them) I have noticed that while waiting for execution, if the price has moved in my favour, i get rejected, if the price has moved against me, it gets happily executed several seconds later. Not impressed. I just want instant execution regardless or my trade size or winning streak and I am only going ot get that with NDD.
I am trying to find a UK spread betting broker that has no dealing desk execution and the ability to trade fx, ftse futures, s+p futures and commodities (i could live without commodities if i had to but not the others). Does anyone know of any? I havent yet been able to find even one. IG Index seems to suggest 99.6% of their trades are executed with 'no human intervention within 0.1 seconds' but not sure I trust that.
thanks
However now that I have been more successful over the last month, and my trade size has increased, my trades are now increasingly going via the dealing desk instead and I commonly wait 5 seconds for execution, and even up to 40 seconds on one ftse trade at london open on tuesday (by which time I was conveniently 15 points down). Also conveniently (for them) I have noticed that while waiting for execution, if the price has moved in my favour, i get rejected, if the price has moved against me, it gets happily executed several seconds later. Not impressed. I just want instant execution regardless or my trade size or winning streak and I am only going ot get that with NDD.
I am trying to find a UK spread betting broker that has no dealing desk execution and the ability to trade fx, ftse futures, s+p futures and commodities (i could live without commodities if i had to but not the others). Does anyone know of any? I havent yet been able to find even one. IG Index seems to suggest 99.6% of their trades are executed with 'no human intervention within 0.1 seconds' but not sure I trust that.
thanks