WorldSpreads
Right then!
Can't believe there's not a single thread yet on WorldSpreads going into administration ... another MF Global style fiasco of missing client money.
Any inside skinny out there?
I dealt with them numerous times, and although was rather amazed at their modus operandi, found them actually quite straight forward. They would auto execute my index & fx orders at £25/point (roughly £300k) and until very recently would fill stop orders on the button with zero slippage.
I will be in the queue for the FSA compensation, and luckily am below their threshold to be made good, so that's a relief. In retrospect I really should have had a short position on their shares as an insurance policy ....