That is exactly what I say will not happen.
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There is no such thing like “Spot Forex Brokers”, spot exchange means physical delivery, as retail trader you can do it via bank, eventually futures contract. You can use CFD’s “as is” or don’t trade, you decide.
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TD365.com Australian fixed spread broker with off-shore facility (funds are held in escrow at Barclays London). Worth a look, used by Tom Hougaard.
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@Johnny1974 Information as displayed from an Australian IP connection…
TD365.com, Bayview House, 1st Floor, 308 East Bay Street, PO BOX CB-12407
Nassau, New Providence, The Bahamas
Service Office and Payment Processor: Trade Nation Financial UK Ltd, Floor 6, 14 Bonhill Street, London, EC2A 4BX, United Kingdom
Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TD365.com is a registered business name of Trade Nation Ltd (Registration Number 203493 B), which is authorised and regulated by the Securities Commission of the Bahamas, SIA-F216. As such TD365.com renders financial services to clients on behalf of Trade Nation Ltd. TD365.com is not a financial adviser and all services are provided on an execution only basis. The information on our website is for general informational purposes and does not take into account your objectives, financial situation or needs.
Not much Australian anything going on with TD365…
Edit: It’s payment Processor/Parent Company (Trade Nation) appears to be regulated via ASIC…
Trade Nation is a trading name of Trade Nation Australia Pty Ltd, a financial services company authorised and regulated by the Australian Securities and Investments Commission, ACN 158 065 635, AFSL No. 422661. Trade Nation Australia Pty Ltd. registered office is Level 17, 123 Pitt Street, Sydney, NSW 2000, Australia.
FYI… Level 17, 123 Pitt Street, Sydney, NSW 2000, Australia… Is a Co-Working Offices…
The usual tangled web that many Brokers currently have in place to keep them out of reach…
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I use Fxglory, but I recommend doing your own research on it because if the people discussing TD365 are not marketers from the platform itself, I still haven’t had time to write an article on the broker.
I think there is widespread confusion as to what CFDs actually are. Yes, it is a derivative, as the price derives from an underlying asset. However, every broker sets their own bid/ask prices. That is why these vary from broker to broker. At its core, a CFD trade is a bet. If you go long in a CFD, you are betting it will rise in price. The broker is betting the price will drop. There is no exchange or clearing house involved, the trade is between you and the broker. You are in a sense betting against the house (the broker), who also decides the terms (the spread). It is a bet on direction of an underlying asset, that’s it. To say that trading CFDs is not trustworthy is a simplification and generalization, it is the broker which is trustworthy or not. Some due diligence before selecting a broker is all it takes. The benefits of trading CFDs vs “non-derivative” alternatives is gearing. With a non-derivative you will in most cases need a fat bank account. CFDs make trading these instruments available to the masses. Futures and options are exchange traded and thereby standardized derivatives, more regulated, and universally priced (for the majority), while CFDs are derivative bets on direction. Just like in sports betting, where odds will differ, such is also the case with CFDs.
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