CMC Markets is a broker offering CFDs on stock indicies, forex, commodities, and stock equities. They offer a data feed and a demo account without any fee but their most attractive feature is that they offer the best CFD spreads for most of the major instruments and that without any commissions to pay. They also offer good to very good spreads for stock equity CFDs and once again without commission to pay. The spreads for some instruments are even better than that of future markets though when trading futures one has to pay commissions. Here are some examples:
FDAX, US30, UK100, EUR/USD, USD/JPY have a min. 0.7 points (pips) in spread,
S&P500 has a min. 0.3 point in spread,
Australian200, AUD/USD have a min. 0.8 points (pips) in spread,
EUR/GBP, GBP/USD have a min. 0.9 pips in spread,
NQ has a min. 0.5 points in spread,
EUR/JPY has a min. 1.5 pips in spread,
USD/CAD has a min. 1.7 pips in spread,
USD/CHF has a min. 1.9 pips in spread,
EUR/CHF has a min. 2 pips in spread;
The best is that the min. spreads are very offen also the real spreads of the instruments and not only a theoretical spread value.
Unfortunately, CMC Markets does only offer a web and mobil trading platform. The web platform does only have bad charting capabilities, it does not offer one click trading, or chart trading. It does not offer a scanner window, automated trading, or the ability to write or use customized indicators or strategies.
I already wrote an email to CMC Markets and gave an advice to work together with NinjaTrader or Multicharts to offer a professional trading platform to their customers. Unfortunalely, CMC Markets does currently not offer an API to their broker back end but maybe my feature request and advice fall on fertile ground.
By the way, the mentioned spreads are all better than that offered by GFT, and I want to add that NinjaTrader should support CFDs in future versions of their software, too. CFDs are not much different compared to futures in their handling from the viewpoint of a broker interface. Do not make a dogma of stating only to support futures, forex, and stock equities. GFT offers forex instruments but they are all CFDs, too. Therefore, NinjaTrader already supports (in beta) some CFDs of GFT. Why not supporting other CFDs, too?
Here in Germany many brokers use MetaQuotes MT4 client for providing CFDs to their customers though MT4 has worse charting capabilities, does not offer a scanner, does not offer one click trading, and has many other deficiencies. Why does NinjaTrader leave the CFD market to MetaQuotes, and why is NinjaTrader not keen on providing a better product for CFDs than MetaQuotes MT4? Furthermore MetaQuotes wants to extend their product to futures and equities in the next release of the MT client.
FDAX, US30, UK100, EUR/USD, USD/JPY have a min. 0.7 points (pips) in spread,
S&P500 has a min. 0.3 point in spread,
Australian200, AUD/USD have a min. 0.8 points (pips) in spread,
EUR/GBP, GBP/USD have a min. 0.9 pips in spread,
NQ has a min. 0.5 points in spread,
EUR/JPY has a min. 1.5 pips in spread,
USD/CAD has a min. 1.7 pips in spread,
USD/CHF has a min. 1.9 pips in spread,
EUR/CHF has a min. 2 pips in spread;
The best is that the min. spreads are very offen also the real spreads of the instruments and not only a theoretical spread value.
Unfortunately, CMC Markets does only offer a web and mobil trading platform. The web platform does only have bad charting capabilities, it does not offer one click trading, or chart trading. It does not offer a scanner window, automated trading, or the ability to write or use customized indicators or strategies.
I already wrote an email to CMC Markets and gave an advice to work together with NinjaTrader or Multicharts to offer a professional trading platform to their customers. Unfortunalely, CMC Markets does currently not offer an API to their broker back end but maybe my feature request and advice fall on fertile ground.
By the way, the mentioned spreads are all better than that offered by GFT, and I want to add that NinjaTrader should support CFDs in future versions of their software, too. CFDs are not much different compared to futures in their handling from the viewpoint of a broker interface. Do not make a dogma of stating only to support futures, forex, and stock equities. GFT offers forex instruments but they are all CFDs, too. Therefore, NinjaTrader already supports (in beta) some CFDs of GFT. Why not supporting other CFDs, too?
Here in Germany many brokers use MetaQuotes MT4 client for providing CFDs to their customers though MT4 has worse charting capabilities, does not offer a scanner, does not offer one click trading, and has many other deficiencies. Why does NinjaTrader leave the CFD market to MetaQuotes, and why is NinjaTrader not keen on providing a better product for CFDs than MetaQuotes MT4? Furthermore MetaQuotes wants to extend their product to futures and equities in the next release of the MT client.
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