Futuresbetting

[Shamal 11]

Has anybody got experience of futuresbetting brokerage firm in London,

 

http://www.futuresbetting.com/index.php?page=aboutus

 

apparently you can trade the futures markets via the DOM ie. the orders go through the exchange like any regulated market, just like with normal brokers but they have managed to get around the capital gains problem .

[britkid99 10]

Shamal

 

That is correct. You do pay for it though. For example on the YM emini Dow you pay 2 points in and 2 points out. So that is 4 points commision per round trip plus the spread. This reduces to 1 point per side after 200 contraccts.

Fills are fast and accurate and no requotes. A revelation in comparison to Spread bet firms.

 

Brit

[Shamal 11]

britkid,

when you say 200 contracts , presume this would mean say 100trades with 2 contracts.

then the commission gets less, is this per month or once you cross that 200 mark, the costs go down permanently.

 

Don't mind paying, as it reduces the headache of capital gains tax for good, well until Brown figures out a way to close the loophole. Like he is now trying to find ways of putting in place regulations on banks, which should have been done ages ago;)

 

btw, how is their service, and are the funds held in segregated accounts.

[britkid99 10]

Hi Shamal,

 

Sorry for the delay in replying to you.

 

It is 200 contracts per month, unfortunately.

 

I have run a comparison with their DOM data feed, (what you are trading off), and IB data feed and it is spot on. They don't provide their own charts but you can use the data feed with Ninjatrader, although I am not sure how reliable that is.

 

They do hold clients funds in segregated accounts. This was proven when when they had a problem with their clearers, (Global Futures i think i think it was), went bust and all clients received their funds back within 3 days.

 

The service generally has been good. It runs through Citrix and has been very reliable.

 

I hope this helps. You can take a 14 day demo of the system to evaluate it for yourself.

 

Brit