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gxcbv

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Posts posted by gxcbv

  1. On 08/07/2021 at 11:22, manafull said:

    Hi @gxcbv @Administrator,

    Thank you for your comments.

    Now, I have the simple question that is perhaps of the most core interest for every retail traders like me, if you can pin point and clarify (assuming "L2 trader" is the same as "Pro Level 2" Trader that a Retail Trader (i.e. L1) can apply on IG):

    This question is regarding the CFD trading (i.e. ASX 200 Index CFD trading), in terms of placing a "Deal" at real time between Pro L2 Trader and a Retail Trader and using IG platform:

    For a Real time Deal:

    1) Will the ASX 200 Index displayed in the Deal be as the same Real Time ASX 200 Index, for both L2 Trader and Retail Trader?

    2) Will the ASX 200 Index be manipulated by IG platform against the Retail Traders, Before and After they placed the Deal?

     

    If the answer to 1) is "Yes, it is the Same Real Time ASX 200 Index for both L2 and Retail Traders when placing the Deal" AND 2) is "No, IG platform can not manipulated the ASX 200 Index against the Retail Traders before and after they place the Deal", Then it makes all common sense as it shows the solid foundation of fairness (no discrimination) for placing a Deal whether you are a L2 Trader or Retail Trader on IG.

     

    At this stage I have been a Retail Trader on IG since Jan this year, though I am planning to apply for the Professional Level 2 Trader next year, I don't think IG is able to, or allowed by the regulation to manipulate the ASX 200 Index in Real Time to disadvantage clients before or after they place a Deal (at real time).

     

    Thanks.

     

    Pro trader has nothing to do with L2 Dealer. You can be pro trader but still can't use the L2 Dealer because IG has made it almost impossible. Imagine you have a software from 1990s and incompatible windows and other problems.

    To answer question on spreads, the indices are different from the real index. They have larger spreads so if index in 7200-7201, IG can be 7190-7220 or anything they want at any time. The whole point of CFD is that the market maker can adjust the spread. Often times during volatility, you would see formidable large spreads so you cannot sell because you will take huge loss on spread.

  2. On 17/06/2021 at 10:59, manafull said:

    Hi RFSmithers,

    Thanks for the tips... But when I searched for trusted "ECN" broker in Australia for CFD Index trading, IG Market is among the returned result!

    So with what you suggested and what the search result I got, IG Market seems to be still the one to stick with for CFD Index trading.

    Please note that, regarding the market trend is to be against your trade or not, from my experience so far, I think it is really up to you on when to enter the trade, for example:

    - if you enter the trade at the time when the market is flat with no trend, then it is just like you jump into the calm water and then you make the big splash which could be against yourself

    - if you enter the trade at the time when the market is on trending, where: if you enter against the trend, then you will be eaten alive from there - FULL STOP - Period; however if you enter on riding the trend, then you will be picking up the fruits along the way through...

     

    So with the above, to summarise, it seems to me that (of course - correct me if wrong):

    1) IG Market is still the trusted ECN broker in Australia for CFD Index trading

    2) A trader needs to know when to enter the trade to ensure s/he to ride on the trend to pick fruits, but not to be eaten alive.

     

    Cheers

    Victor

     

     

     

     

     

    What do you think?

    Cheers.

    No, IG has "in-house" market, on which they have concentrated all their advertisement and support. So, if you are trading the normal app/web platform, you are a victim of their profiteering.

     

    However, they also nominally have a L2 Dealer, which is supposed to be direct market access. I have been trying to trade using their L2 Dealer for over 6 months, but haven't been successful. Why? Because their installation package is out of date and not working, their support team is clueless (directed by management of course), and there is literally zero visibility of that platform or the possibility of using it. Still, it satisfied the requirement for it to be listed as a direct market access platform!! And they lure customers in...

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