If certain spread bet Co.s offer a 3 pip spread (cable) which is the same as most retail FX operations. What is the difference? I know the SB will float their spread to their advantage but surely the same can be said of retail FX houses.
I think SB has a bad reputation, mainly because of the name - Spread BETTING. I have SB on the indices on and off for a couple of years and have not made much but also not lost anything.
It would be interesting to know if anybody has tried to spread bet intraday on FX, and if so their opinion on it. Most people I've spoken to tell me that its virtually impossible to make a profit day trading using a SB.
This is my first post - as you can gather by the above question.

Thanks, Keith