Recent content by chezlaw

I'm not sure but its after LCG took over as they're mentioned as the owners. The minimum initial deposit is stated to be £1000 (does that help anyone date it) Edit: I got an email from prospreads on the 3/11/2009 saying PLUS- WE HAVE ALSO CUT OUR MINIMUM OPENING ACCOUNT DEPOSIT TO JUST £1000.

Well they did say so. from the interview: http://www.financial-spread-betting.com/Futures-betting.html Seems like things have changed, maybe not. Either way clarification seems required. and this

its the 'slippage' that bothers me. I though everything was hedged in the market, then it appears some hedging is internal which loses some simplicity and transparancy but doesn't sound unreasonable, and now we're suddenly talking about prospreads possibly taking positions against us (what sort...

other assurances were given about charts but maybe its best I don't say anything

it was a very good seminar, you have a potentially great product which I was keen to join up to. I hope you can clear up the questions raised in the other thread. I got the impression you saw it as a big advantage that you clearly had no potential conflict of interest with your traders and I...

Ditto and can we get an an answer to whether or not prospreads make any profit/loss off a trade apart from their stated added spread. Prospreads sounded so straightforward and attractive, I was just about to sign up. Now I'm very confused about the prospreads model.

We're you at the seminar last week with Simon? We were told it was Metatrader and hopefully early next year.

Don't want to quibble but that's less important imo. As long as they are make no money other than the spread then any other shortccomings will get resolved as they strive to offer a better service. If they're making money by giving us bad prices then its a different ball-game. With prospreads...

automation via Metatrader was promised soon.

Its what i understood from the seminar, maybe I misunderstood. Its easy to clear up. Simon: is the price you hedge at equal the price to the trader (+/- the stated spread)

This would be very worrying. I understood they were claiming you would get filled at the bid or ask. Warning bells are going off but I still very much expect it to turn out that they don't make any money on each trade above the stated spread. I hope prospreads come along and clarify what's...

Is that consistant with the orders being held locally on your PC rather than in an exchange book? Then, as I think they said, if you connection is lost the order disappears and reappears when your connection comes back.

It was made clear that you see the real market prices, trade at the real market prices and that when you take a position all that happens is that in fact they take the exact same position in the real market and pass it onto us with the addition of their spread. They claimed they held no net...

One thing (among many) I wasn't sure about is where orders exist. They said, in answer to a question, something about orders not being acted on if your interent connection was down. That implies orders are stored locally on your computer order book and triggered when the conditions are met...

I was at a Prospreads seminar the other day and they claimed many times absolutely catagorically that the prices seen were the market prices exactly the same as anyone else in the world would see. They then add their spread on top. It would be scandalous, very stupid and I suspect highly...