Out of curiosity........

This is a discussion on Out of curiosity........ within the General Trading Chat forums, part of the Reception category; ...........has anyone had a spreadbetting account closed because they've been winning too consistently?...

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Old Mar 31, 2006, 3:41pm   #1
 
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Out of curiosity........

...........has anyone had a spreadbetting account closed because they've been winning too consistently?
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Old Mar 31, 2006, 3:49pm   #2
 
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Vince Stanzione claims to have had this happen, whether you believe that or not...?
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Old Mar 31, 2006, 5:49pm   #3
 
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Quote:
Originally Posted by JimyT
...........has anyone had a spreadbetting account closed because they've been winning too consistently?

No, but it remains one of my ambitions in life.
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Old Mar 31, 2006, 6:08pm   #4
 
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Originally Posted by dick_dastardly
No, but it remains one of my ambitions in life.

Would certainly be one for the CV!
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Old Apr 1, 2006, 9:23am   #5
 
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I do not belive it
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Old Apr 1, 2006, 3:06pm   #6
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.....i am aware of people being put on manaul execution though - which can be a spanner in the works
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Old Apr 1, 2006, 3:55pm   #7
 
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Quote:
Originally Posted by JimyT
...........has anyone had a spreadbetting account closed because they've been winning too consistently?
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
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Old Apr 1, 2006, 5:07pm   #8
 
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Quote:
Originally Posted by JimyT
...........has anyone had a spreadbetting account closed because they've been winning too consistently?
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.

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Old Apr 1, 2006, 11:17pm   #9
 
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This may be of interest to some

http://www.trade2win.com/boards/show...5148#post45148
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Old Apr 2, 2006, 8:55pm   #10
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The account was not closed but I was stopped from trading via the Internet plaform for "commercial reasons"
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