Out of curiosity........

...........has anyone had a spreadbetting account closed because they've been winning too consistently?

Vince Stanzione claims to have had this happen, whether you believe that or not...?

No, but it remains one of my ambitions in life.

Would certainly be one for the CV!

I do not belive it

.....i am aware of people being put on manaul execution though - which can be a spanner in the works

Quotes from Simon on the Capital Spreads thread.

"We have a policy of not closing clients just because they are winning" also "And anyway why on earth would I want to lose a client who gives us a good 'heads up' on a market? If you had a friend who consistently made money would you not want to make the same trades as him?

But then again its said that only 5% are winners anyway so not many closed accounts because of success, more a case of no money left to trade with

If so many people lose, and so many people pay so much money for systems that don't work, why would you put off a customer who knows how to beat the market? Better run with him, surely?

Only successful scalpers would have anything to fear, IMHO - and spreadbetting probably isn't for them, anyway.

Though not "consistently" profitable, I take good money off the spreadbet companies overall, without problems.

UTB