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Date/Time: Mon, 25 Nov 2024 03:39:44 +0000



Post From: HUGE DIFFERENCE BETWEEN PRICES ON SIERRA AND IG (BROKER) OF NEARLY 90 PIPS!!

[2024-04-15 10:53:03]
Calculus - Posts: 97
Are they not 2 separate markets quoted by 2 different brokers (using CFDs)?

The prices offered via Sierra is from the broker FXCM, and their market is not the German Dax, it's a price they make on the back of the German Dax.

The IG price is their price on the Dax, again, not the price of the actual Dax index (or futures).

I would think that if you buy both the IG price and the FXCM at the same time and then sell at the same time a few hours later (and the market moves higher), your profit in ticks would be almost exactly the same regardless of the fact you will have bought both (and sold both) at different prices.

But if you want the official price of the German Dax, which will be 100% the same for all brokers, then you either have to use the official DAX index (from the German Stock Exchange) or the Eurex futures on the Dax.