Gold Trading Spreads

[ClaphamTrader]

Does anyone know who does the best bid/offer spread on Gold?

Alpari quotes a spread of $1.0
FinSpreads does $0.9
So far I found CityIndex do the best at $0.8

Anyone trading Gold out there with a tighter spread?

CT

[NHN123]

Does anyone know who does the best bid/offer spread on Gold?

Alpari quotes a spread of $1.0
FinSpreads does $0.9
So far I found CityIndex do the best at $0.8

Anyone trading Gold out there with a tighter spread?

CT

I take it you are talking about spredbetting (?). CMC markets do cash gold (XAU/USD) on a $0.5 spread

[ClaphamTrader]

Thanks NHN123.

How do you find the CMC price quotes reflecting the true market price?
Does it shadow it closely?
I use to trade with them 4-5 years ago, but found they often had price spikes which "conveniently" took out stops:mad: . These spike were not reflected in the real market.

CT

[jswin]

Hi, IG Index have pretty horrendous spreads but you may want to check out the parent company, IG Markets. They claim to always trade at the true market price. I've just opened a CFD account with them. I had exactly the same frustrations with spreadbetting's convenient spikes.

[NHN123]

Thanks NHN123.

How do you find the CMC price quotes reflecting the true market price?
Does it shadow it closely?
I use to trade with them 4-5 years ago, but found they often had price spikes which "conveniently" took out stops:mad: . These spike were not reflected in the real market.

CT
currencies are pretty good and reliable at cmc, and the crude oil follows exactly the emini crude (though a pip or two either way on the bid/offer, of course).

I couldn't comment on the gold market differences, as I don't have access to the real time gold market prices as I don't trade it

[ClaphamTrader]

Thanks for the feedback JSWIN and NHN123.
I took JSWIN's advice and opened an account with IG Markets. I'm impressed so far.
The whole process only took about 5 minutes.
I love the trading software (much better than City Index's) and the instrument range.
Loaded it up with a test £500 which I was lucky enough to double by the end of the day.:)
At this rate of compund interest growth, I'll be a billionaire before Easter and I'll own the whole markey by May Bank Holiday!!!;) ( I wish!)

Looks like City will be losing a bit lot of business from me from now on.
Thanks for the replies.
CT