Opinions on betsfortraders.com

This is a discussion on Opinions on betsfortraders.com within the Fixed Odds & Binary Betting forums, part of the Trading Brokers category; wow - thats a lot! - Bit like Barclays with their "inactivity fee". I don't believe CityOdds charge for dormant ...

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Old Mar 23, 2009, 11:31am   #49
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Default Re: Opinions on betsfortraders.com

wow - thats a lot! - Bit like Barclays with their "inactivity fee". I don't believe CityOdds charge for dormant balances
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Old Apr 3, 2009, 3:51pm   #50
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betonmarkets.com has become very unreliable. I have won >$200,000 from BOM in the past 5 years. They have always been extremely reliable in the past, but they've become unreliable as of late. I have some large equity double no-touch bets which are getting hit on BOM's erroneous price feed. They have reinstated the trades thus far, but it's happening every day. Stating prices on GOOG of 305 when the LOD was 340. Another trade in INTC in which the BOM feed stated the price reached 70 cents above the nasdaq feed.

Avoid.
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Old Apr 16, 2009, 12:59am   #51
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Default Hey! They've taken dormant fee - you're right!

Quote:
Originally Posted by johnthetrader View Post
I've just discovered to my horror that BetsForTraders changed their terms on 17/10/08 with: Dormant accounts will be charged an administration fee of £10 or 10% (whichever is greater) per month on any funds left within the account. An account is classed as a dormant account if there has been no betting activity for 6 months. Yes. you're paying them 68% pa to hold your money. This is is outrageous.
Yep! Just checked my BFT account & their Helpdesk took the fee after 6 months and one day of inactivity.

Terrific.

Funny, though, I don't think they told me they were going to do this.

---
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Old Apr 18, 2009, 2:53pm   #52
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My apologies for posting my betonmarkets.com comments to this thread. All was resolved in terms of their bad data.
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Old Apr 18, 2009, 2:57pm   #53
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Default Re: Opinions on betsfortraders.com

Regarding betsfortraders.com.... a friend of mine in the EU has been very profitable, but has yet to receive his requested withdrawal, [between 5-10k Euro]. He submitted the withdrawal over two weeks ago.

I would not deposit a dime with betsfortraders.com

Last edited by riskarb; Apr 18, 2009 at 3:10pm.
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Old Apr 23, 2009, 12:16pm   #54
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Default Re: Opinions on betsfortraders.com

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Originally Posted by riskarb View Post
Regarding betsfortraders.com.... a friend of mine in the EU has been very profitable, but has yet to receive his requested withdrawal, [between 5-10k Euro]. He submitted the withdrawal over two weeks ago.

I would not deposit a dime with betsfortraders.com
My friend received a check fully 3 weeks after it was requested.
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Old Apr 23, 2009, 5:34pm   #55
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Default BOM money withdrawal time

How long does Bet On Markets (BOM) take to process withdrawal ?

Also do they have some kind of max. monthly limit on withdrawals ?

Looking for answers from someone who had or has a/c with BOM .

regards
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Old Apr 24, 2009, 11:24am   #56
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Default Re: Opinions on betsfortraders.com

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Originally Posted by sineater79 View Post
How long does Bet On Markets (BOM) take to process withdrawal ?

Also do they have some kind of max. monthly limit on withdrawals ?

Looking for answers from someone who had or has a/c with BOM .

regards
In my experience, having been a BOM client for 6 years withdrawal is pretty much instantaneous (so max 3 days banking clearance).

There is no limit on withdrawals. I'm limited to depositing no more than £50,000 in any 2 month period (not that that has presented me with a problem!!)

Hope that helps - most of the above is on their website in some shape or form
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