Recent content by aj11

In regards to Cantor Index, they also have had their problems in the past for example: Cantor Index fined 70,000 for misleading spread betting promotions However they are probably in the black now but that isn't a good thing in the spread betting world. Yes for the clients it is good but the...

How wrong you are to think that STP is actually STP... If I had a pound for every broker that says they are STP but still doesn't place trades instantly into the market, I could pay back all of Worldspreads clients!!!

Luckily we didnt have any positions running with worldspreads at this point in time, however we did abuse their zero spreads by scalping them at high frequency. This led to them changing their status from "zero spreads" to every trade with zero spreads being charged a £1 admin fee... It defeated...

SB Firms hedge themselves whereever they can get the best deal. I work on the hedging desk of a broker and we have accounts with all of our major competitors and aswell as looking for arbitrage due to price lags, (works well with IG because their price stunts a lot...) we always look to place...

Re: Worldspreads are officially bust In regards to CMC, yes they have changed because if they hadn't they wouldn't have survived. A lot of people go around these days trying to blight the reputations of brokers forums like this and FPA do harbour more "angry traders" rather than genuine cases...

Re: Worldspreads are officially bust I hope so aswell mate but as you know the CEO resigned last wednesday... He obviously knew what was about to go down. The FSA has a £50,000 security for all clients however this is not insured by the FSA it is a mear requirement that they guarentee to secure...

Re: Worldspreads are officially bust Ok guys I'll tell you everything thats been going on their I have a relatively good knowledge. It all started a few years back when a company known as CMC markets came onto the block and started heavily advertising. Their profits were off the charts and they...

They have managed accounts... They were obviously using clients money to trade with and have just found out that they have lost more than clients have invested... :clap: Congratulations Worldspreads. Welcome to the World of the Financial Graveyard