I'm being hassled by a CMC rep at the moment (after applying for a demo account), he maintains spreads are exactly the same as DMA's.
Does anyone have any tips or success stories about dealing with market makers? Particularly I notice there is no commision on index, forex or for that matter any trades other than share CFD's. The spread on index seems wide.
The more I read, the more the whole CFD derivative seems like a 21st century version of the 'bucket shops' mentioned in Edwin Lefevre's "Reminiscences..." I mean, christ... Variation margin? Jesus!
If anyone trades profitibly with these guys, have you received a phone call asking you to please lose a few trades? How much can you gain before they get cranky? Or do they just silently send the besuited leg breakers to your address...
Mr Burns: "Smithers I've discovered the perfect business! People swarm in, empty their pockets and scuttle off."