InterTrader Direct Launches Spread Betting On MT4 Platform
FX companies in Britain have stuck tenaciously to their bespoke spread betting and CFD platforms, until recently. InterTrader Direct is
British FX companies have continued to tread a different path from that of the more mainstream overseas firms, insofar as the British government’s treatment of taxation on the proceeds of trading financial markets, differs on the basis that if profits from betting are declared, rather than from trading, no tax is applied.
For this reason, many British retail brokers have eschewed MetaTrader 4, and until recently provided their own spread betting and CFD platforms.
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Today’s announcement by InterTrader Direct that it will provide spread betting and CFD trading via the ubiquitous MetaTrader 4 platform, demonstrates that Britain’s retail FX industry is leaning further toward the mainstream. Although, InterTrader Direct is registered in Gibraltar, it has concentrated its efforts toward providing a service to a primarily British audience.
The company’s MetaTrader 4 offering, will facilitate trading of FX, indices and commodities, via a direct market access model with no dealer intervention.
British Companies, International Audience
In August this year, another British spread betting company, ETX Capital, opened offices in Europe, from where it provides MetaTrader 4 to client base, connected to the company’s liquidity pool via Gold-i’s bridge technology.
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In addition, AFX Markets added MetaTrader 4 to its offering, as well as branched into institutional FX technology provisioning this summer.
Further succumbing to the popularity of MetaTrader 4 was IG Group, which now also offers the platform alongside its in-house solution, as a result of demand.
This demonstrates that British firms are keen to ensure that they do not discount the market share that MetaTrader 4 can gain them, whilst ensuring that the domestic traders wishing to ensure that the tax treatment on their trades, are still catered for.
InterTrader Direct’s implemetation of the MetaTrader 4 represents the first true ‘Pound-Per-Point’ spread betting service on the platform. As a result, spread betting clients can now run expert advisors on MetaTrader 4 to automate trading, analysis and strategy testing.
The company operates a market-neutral broker model, whereby all client trades are hedged fully in the underlying market. Therefore, InterTrader Direct never carries any exposure against its client’s positions, and also eliminates any potential conflict between broker and client.
Shai Heffetz, Head of Financial Spread Betting and CFDs, made a corporate statement regarding the company’s inclusion of MetaTrader 4, “We believe that your broker should be on your side. That’s why we’ve created a direct and transparent trading service – for both spread betting and CFDs – founded on our 100% hedging policy, therefore, we never have a vested interest in whether our clients are making or losing money.”
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2 pips wide in GBPUSD and EURJPY and 3 in USDCAD, serves the purpose no better than GKFX or alpari.
When will we get raw spread like pepperstone, armada, duka , ICmarkets, AXI etc in SB format via MT.
Dud.
2 pips wide in GBPUSD and EURJPY and 3 in USDCAD, serves the purpose no better than GKFX or alpari.
When will we get raw spread like pepperstone, armada, duka , ICmarkets, AXI etc in SB format via MT.
Dud.
The brokers you mentioned are not doing anything unique except shifting down the spread in MT4 group. If you add commission on top of the spread you are really not getting “raw” plus keep in mind the spreads these guys flash dont stay around for more then a few ticks. So in reality its close to a bait and switch as possible.
The brokers you mentioned are not doing anything unique except shifting down the spread in MT4 group. If you add commission on top of the spread you are really not getting “raw” plus keep in mind the spreads these guys flash dont stay around for more then a few ticks. So in reality its close to a bait and switch as possible.
To trade profitably in Forex is marginal,spreads have massive impact.
Duka has deepest FX liquidity pool globally and anyone can get 0.2 in EURUSD + .5 commission =0.7 pip all Euro session.
Take EURJPY 0.5 spread plus 0.5 comm = 1 pip all euro session, (which BTW a high volume trader can get lower commssions!!) so intertrader taking 2 pips more from me, other pairs is the same.
The prices flash cos in real DMA environment they do, they don’t use price smoothing like others.
They need to look what real DMA really is.
To trade profitably in Forex is marginal,spreads have massive impact.
Duka has deepest FX liquidity pool globally and anyone can get 0.2 in EURUSD + .5 commission =0.7 pip all Euro session.
Take EURJPY 0.5 spread plus 0.5 comm = 1 pip all euro session, (which BTW a high volume trader can get lower commssions!!) so intertrader taking 2 pips more from me, other pairs is the same.
The prices flash cos in real DMA environment they do, they don’t use price smoothing like others.
They need to look what real DMA really is.
Duka will give you a .3 to .5 slip on average after a few hundred transactions , its not all win win mate. I would look at the product, regulation, reputation , execution, liquidity pool on the spread , rather then the just the “raw” spread your looking for. If your looking to bang away on a few thousand tickets a day , get a prime brokerage amount and pony up $5 M to a PB and get a credit line your going to see a hundred new brokers come out next year whose only model is marking down the… Read more »
Duka will give you a .3 to .5 slip on average after a few hundred transactions , its not all win win mate. I would look at the product, regulation, reputation , execution, liquidity pool on the spread , rather then the just the “raw” spread your looking for. If your looking to bang away on a few thousand tickets a day , get a prime brokerage amount and pony up $5 M to a PB and get a credit line your going to see a hundred new brokers come out next year whose only model is marking down the… Read more »
Dukas has up to 300ms last-look quotes. Spreads look nice, because LPs can quote very tight and reject fills anytime they want. This is asking for bad fills, especially during fast market conditions when a trader would need relibility the most, it can lead to catastrophic slippage.
In my opinion, best execution a retail trader can get at the moment is either futures on CME or Lmax. Both are pure limit-orderbooks with firm quotes, not the indicative BS everyone else posts. Maybe CME Europe looks good too on paper, hopefully this will get some traction.
@Vikram – that was a while back, they were one of many firms targeted by the CFTC
@Vikram – that was a while back, they were one of many firms targeted by the CFTC
Public services such as hospitals are often funded by PFI and donations, such as that by Bank Hapoalim CEO Shari Arison a few years ago by building a half-billion dollar facility. This particular conference covered some of these aspects, including some dialog by the Chinese that Europe’s welfare system is hampering economic progress around the world, & the general business community’s wish to remove dependency on the state. AFAICS, $2500 minimum wage across the board does not equal stability. Such burdensome measures are unsustainable and often cause companies to divest. Looking at the OECD quality of life and HDI indexes,… Read more »
Public services such as hospitals are often funded by PFI and donations, such as that by Bank Hapoalim CEO Shari Arison a few years ago by building a half-billion dollar facility. This particular conference covered some of these aspects, including some dialog by the Chinese that Europe’s welfare system is hampering economic progress around the world, & the general business community’s wish to remove dependency on the state. AFAICS, $2500 minimum wage across the board does not equal stability. Such burdensome measures are unsustainable and often cause companies to divest. Looking at the OECD quality of life and HDI indexes,… Read more »
Dukas has up to 300ms last-look quotes. Spreads look nice, because LPs can quote very tight and reject fills anytime they want. This is asking for bad fills, especially during fast market conditions when a trader would need relibility the most, it can lead to catastrophic slippage.
In my opinion, best execution a retail trader can get at the moment is either futures on CME or Lmax. Both are pure limit-orderbooks with firm quotes, not the indicative BS everyone else posts. Maybe CME Europe looks good too on paper, hopefully this will get some traction.