Finspreads Binary Betting

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Old Aug 3, 2005, 7:49pm   #1
Joined Mar 2005
Finspreads Binary Betting

Has anyone used these guys?
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Old Aug 8, 2005, 8:34pm   #2
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I haven't got an account with Finspreads, but from a look at the website it seems that the binaries they are offering are not those in the nature of a 'betting exchange' In other words, as far as I know they are the only competitor to IG/Binarybet whereby you are betting against the company rather than other punters. I may have got this wrong, but if I am right it will be interesting to see how people fare with them and whether they come up against the same problem that punters apparently have done with IG/BB when they become too successful.
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Thanks! The following members like this post: Trader_Tom
Old Aug 8, 2005, 8:42pm   #3
 
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Good points from feenix. It'll be interesting to see if they do go the way of IG / Binary Bet. And yes, you are right, they are acting as market maker, i.e. any bets are against the house rather than other punters.
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Old Aug 19, 2005, 5:53pm   #4
 
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Got rejected on three trades in a row. Not sure whether it was their sensibilities which made them knock me back, or whether it was their acceptance mechanisms, but three strikes are three strikes, whatever the game.
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Old Aug 23, 2005, 10:21am   #5
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I've noticed that if you request too many quotes they start giving only a 10 second countdown, which is useless given that the quote can take upto 30 seconds to arrive. That and the rejections during the last 10 mins or fast moves makes them worse than IG.
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Old Sep 2, 2005, 8:23am   #6
 
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It didn't take long did it?.Finspreads is banning constant winners in their binaries from internet trading in all markets lol.
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Old Sep 2, 2005, 10:10am   #7
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You know of punters this is happening to?


Quote:
Originally Posted by leunt
It didn't take long did it?.Finspreads is banning constant winners in their binaries from internet trading in all markets lol.
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Old Sep 2, 2005, 3:01pm   #8
 
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Quote:
Originally Posted by Bintrader
You know of punters this is happening to?
Yes a friend of mine.
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Old Sep 2, 2005, 3:24pm   #9
Joined Aug 2004
So what sort of money was he making a day/week from Fins?

Quote:
Originally Posted by leunt
Yes a friend of mine.
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Old Sep 10, 2005, 6:48pm   #10
Joined Jun 2005
Ive just started on finspreads, well on the markets actually,lol and trying, dabbling with the binary bets. What im finding is when they first placed the binary bets online a few weeks back, at the open (or every hour) the points system started around 50, which was great and made a few quid using the binary bets, however a couple of weeks on and there getting wise to it now, the platform online takes forever (maybe 10 minutes) to allow your bets, by which time the points are either high or low cutting your odds dramatically.
I`ll keep my eye on things as this may be a better system than daily bets, but like the chap said, too many wins and your history?
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