Berkeley Futures

This is a discussion on Berkeley Futures within the Brokerages forums, part of the Commercial category; Anley, I was always more than happy with the service at BFand the speed in answering the phones. They always ...

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Old Oct 26, 2005, 10:23pm   #46
Joined Jan 2005
Anley,
I was always more than happy with the service at BFand the speed in answering the phones. They always repeat the order back to be double sure its correct and all trades are tape recorded.
I left cause i was offered a better deal on magin rules.

CHELSEA ARE OUT! BEATEN 5-4 BY CHARLTON AT THE BRIDGE TOO

Happy trading

Bull

Last edited by bulldozer; Oct 26, 2005 at 10:31pm.
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Old Oct 27, 2005, 8:32am   #47
Joined Aug 2005
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Originally Posted by anley
I agree 100% Bull, but the FSA still makes the rules very cloudy indeed. And I fear with the ever more complex nature of the markets and deriviatives nobody really understands if their money is safe or not.

It always seems to be a verbal 'don't worry your money is segregated, or you're part of the ICS etc etc'

Let's not also forget that not so long ago Refco was a powerhouse in the global markets and then in the time it takes someone to smoke a cigarette it was gone and people all over the world are suing to get back what they can.

PS. As we're on the Berkley futures thread I'd say that both they and IB have merit. But if direct contact is what you like and need then Berkley would suit one far more than IB.
Anley,

You are right to say that my answer was not clear. This is because the regulators themselves don't make it crystal clear. The best protection you have is to be treated as a private customer and it is likely that a private customer will have the greatest protection and have access to the compensation scheme.

When discussing how safe your funds are then you need to have segregation and as a private customer you will be guaranteed that. This would not necessarily be the case if you are being treated as an an intermediate customer. The other areas that you need to look at for protection is whether the company propriety trades or not which would suggest that the company's profits are affected by market movements.

This together with general management of the company ie; their margining policy and whether they insist on margin calls being met etc will provide you with a greater level of comfort.

For your interest we will treat any customer as private if they wish to be deemed as such and we do segregate all client money whether we have to or not and we don't propriety trade.

BFL
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Old Oct 28, 2005, 9:51am   #48
 
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Joined Mar 2003
expensive.
they are charging me £45 for a cfd trade.whereas i can get the same thing from city index for a tenner. a bit of a rip off
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Old Oct 28, 2005, 10:19am   #49
Joined Dec 2003
Quote:
Originally Posted by BerkeleyFutures
Anley,

You are right to say that my answer was not clear. This is because the regulators themselves don't make it crystal clear. The best protection you have is to be treated as a private customer and it is likely that a private customer will have the greatest protection and have access to the compensation scheme.

When discussing how safe your funds are then you need to have segregation and as a private customer you will be guaranteed that. This would not necessarily be the case if you are being treated as an an intermediate customer. The other areas that you need to look at for protection is whether the company propriety trades or not which would suggest that the company's profits are affected by market movements.

This together with general management of the company ie; their margining policy and whether they insist on margin calls being met etc will provide you with a greater level of comfort.

For your interest we will treat any customer as private if they wish to be deemed as such and we do segregate all client money whether we have to or not and we don't propriety trade.

BFL

Yep, I agree with you Berks, it's not your fault it's the FSAs. They seem incapable of telling it like it is......
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Old Jul 17, 2009, 6:43am   #50
Joined Mar 2007
Hi guys

anyone got an update on bfl service ,products.execution ,prices.

I downloaded their currenex demo platform.Interested is the Ninja trader /bereley for currencies.

Anybody using them?

O D T
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Thanks! The following members like this post: tenbobtrader
Old Aug 1, 2009, 1:34pm   #51
 
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Joined Feb 2009
I would be interested to know too some recent opinions on bfl service for currency trading with ninja trader. Also, one thing that is slightly worrying is that the phone support service is not 24/5 and forex works 24 hours...
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