"when u lose on a FP dma cfd posi the money comes out of your bank into theirs" ....thats right and their counterparty pays them exactly the same dollar figure so it is a zero sum game for the bank.
"and when u win it comes out of theirs into yours" .... thats right to for the same reason.
The bank (not the CFD provider) owns the stock when you buy it and the bank is the one who owns it when you go to sell it but you the trader are the one controlling what prices you trade ie you trade the same market every other equities trader trades.
"dma with mm I really don't give two hoots" ....... you might not but I do and many others do to, as it matters because there is sometimes a huge difference in the quoted prices you have in front of you, the extra risk the MM's take, maybe their banker isn't top tier, humans or MM's own computers controlling the prices not the actual market itself. It does matter, as they arn't all the same. It's the model the CFD provider uses is what matters and IMHO First Prudential Markets is one of the better models.
If you want to clean up anything in the industry I would begin with manipulative robot traders that have hit the market the past couple of years. Sure the CFD industry has to cleaned up a bit but manipulative bots are a bigger problem but that's an arguement for another day.
