BetonMarkets (BoM) Now Blocking Execution at Opportune Times

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Trevor2522

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BoM never seems to settle a consistent policy on intraday up-and-down bets. Sometimes the minimum period is 0.5 minute, sometimes 5 minutes. The shorter timeframes are available during busier markets -- but they don't bother to tell anyone that. And maximum bets vary between £5000 and £25000 according to the week ... or maybe the weather over the Isle of Man ... who knows?

There is now a choice of 'variable return' and '100% return' intraday bets. The variable one means a 1-pip margin with lower payouts, typically 85%. The 100% return comes with a variable spread of 0.01 - 0.05 % which has to be overcome to win. In practice, multi-hour bets are better made with variable return, otherwise the market might have to move over 30 pips in your favour. Of course the statistical return on up-down bets should be 100% on a 1-pip move but BoM just gets greedier and greedier for margin.

What really annoys me though is that they are constantly flagging-up one of these warnings ...

'system is busy'
'market is moving too quickly'
'try again in 5 minutes'
'we cannot correctly price your bet'
'the price is too close to the daily high'

whenever a breakout occurs, a mildly-opportune moment, or even a gentle retracement, in order to thwart bet placement. Only once the move has completed itself does the system price the bet! And it is getting worse by the day.

Does anyone else have the same experience? Any other companies offering a similar service without the hassles? The only remedy I can see is to place bets to run for several hours. 'Flash' bets of 5 - 30 minutes ... forget it!
 
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Trevor2522 said:
BoM never seems to settle a consistent policy on intraday up-and-down bets. Sometimes the minimum period is 0.5 minute, sometimes 5 minutes. The shorter timeframes are available during busier markets -- but they don't bother to tell anyone that. And maximum bets vary between £5000 and £25000 according to the week ... or maybe the weather over the Isle of Man ... who knows?

There is now a choice of 'variable return' and '100% return' intraday bets. The variable one means a 1-pip margin with lower payouts, typically 85%. The 100% return comes with a variable spread of 0.01 - 0.05 % which has to be overcome to win. In practice, multi-hour bets are better made with variable return, otherwise the market might have to move over 30 pips in your favour. Of course the statistical return on up-down bets should be 100% on a 1-pip move but BoM just gets greedier and greedier for margin.

What really annoys me though is that they are constantly flagging-up one of these warnings ...

'system is busy'
'market is moving too quickly'
'try again in 5 minutes'
'we cannot correctly price your bet'
'the price is too close to the daily high'

whenever a breakout occurs, a mildly-opportune moment, or even a gentle retracement, in order to thwart bet placement. Only once the move has completed itself does the system price the bet! And it is getting worse by the day.

Does anyone else have the same experience? Any other companies offering a similar service without the hassles? The only remedy I can see is to place bets to run for several hours. 'Flash' bets of 5 - 30 minutes ... forget it!
Click to expand...

Perhaps they don't want your business.
 
For sure they don't want placement of very short-term bets whilst the market is trending. Must have been losing too much money! Placement of bets over 2- to 4-hour (+) timespans is easier, less-stressful and possibly more profitable in the long run.
 
Trevor2522 said:
BoM never seems to settle a consistent policy on intraday up-and-down bets. Sometimes the minimum period is 0.5 minute, sometimes 5 minutes. The shorter timeframes are available during busier markets -- but they don't bother to tell anyone that. And maximum bets vary between £5000 and £25000 according to the week ... or maybe the weather over the Isle of Man ... who knows?

There is now a choice of 'variable return' and '100% return' intraday bets. The variable one means a 1-pip margin with lower payouts, typically 85%. The 100% return comes with a variable spread of 0.01 - 0.05 % which has to be overcome to win. In practice, multi-hour bets are better made with variable return, otherwise the market might have to move over 30 pips in your favour. Of course the statistical return on up-down bets should be 100% on a 1-pip move but BoM just gets greedier and greedier for margin.

What really annoys me though is that they are constantly flagging-up one of these warnings ...

'system is busy'
'market is moving too quickly'
'try again in 5 minutes'
'we cannot correctly price your bet'
'the price is too close to the daily high'

whenever a breakout occurs, a mildly-opportune moment, or even a gentle retracement, in order to thwart bet placement. Only once the move has completed itself does the system price the bet! And it is getting worse by the day.

Does anyone else have the same experience? Any other companies offering a similar service without the hassles? The only remedy I can see is to place bets to run for several hours. 'Flash' bets of 5 - 30 minutes ... forget it!
Click to expand...




JESUS man! I tought i was the only one! wtf is going on with that site? less than 30 or 45 min and your gone! and always that messages! first i was thinking "what a nice site, i choose the time to end instead of others that only give 1 or 2 choises" now i thinking how is possible every single day????
 
BoM must have had a lot of complaints about their delaying tactics.

The system seems to be a lot better now.

But I'm sure they still have a 'panic button' to flag up lame excuses whenever the market direction is abundantly-clear and profits are there for the taking, especially for 5 - 30 minute intraday up/down forex bets.
 
Trevor2522 said:
BoM must have had a lot of complaints about their delaying tactics.

The system seems to be a lot better now.

But I'm sure they still have a 'panic button' to flag up lame excuses whenever the market direction is abundantly-clear and profits are there for the taking, especially for 5 - 30 minute intraday up/down forex bets.
Click to expand...

Try shorting the shares on "Beton Markets":whistling
 
yeah I noticed that "market is too close to a daily high"

also during xmas/ny period they restricted took some of the 30sec-5min bets away and only offered 30min+

have you noticed it particularly with Stocks or Forex?
 
in both! when the best bet is near high or low the suckers dont alow the bet! They say the last tick counts, i saw bets where the last ticket is above the value but didnt won the call bet. watch the 100% return because they make huge pips lies. i trade binary options in a lot of sites and betonmarkets is the only one where i have a negative return. The first time a did it was in optionbit, with 100 dolars i made in 3 days more than 3000 dolares!:clap:

good trades for all
 
Jon4664 said:
yeah I noticed that "market is too close to a daily high"

also during xmas/ny period they restricted took some of the 30sec-5min bets away and only offered 30min+

have you noticed it particularly with Stocks or Forex?
Click to expand...

I'm only using a virtual account for Forex. Minimum period to run is 5 minutes. Stock bets must be timed to the nearest 10 minutes on the clock -- no option to run over the next 5, 10, 15 minutes etc. Same with commodities.

It's very frustrating. They are going all-out to stop clients winning. When you want a 5-minute Forex run bet sometimes all you can get is 30 minutes as you say!
 
exact! there are so many good bets between 5 and 15 min, bets that make you feel confort to make it and when you see the result its so bad :( I sent them an email asking them what the hell is that, and of course, no answer. when i try betonmarkets i like it because we can select the time we want, the maximum bet is very high,and even works with 1 dolar or eur. Now i'm thinking this is can be the worst site. i dont know about other traders, but this is my opinion. in other sites the time is half an hour, you can use martingale i you saw the bet is going in wrong way. sorry for my english.
 
Itrade forex but i will start this week betting in stocks. it's more easy to predict the trend, less volatility too, but has to be in optionsbit or brokers like that.i dont feel confortable to select the time stocks in betonmarkets. Commodities are not bad too.anyone has tried strike9, the binary trading signal?
 
Strangely, if you go for the 'Variable Return' intraday forex bets up/down, then Bet on Markets lets you place these easily, even down to 0.5 minutes. Yet if you want the same bet fixed at 100% return (market has to move a few pips rather than just one), then minimum time is 5 minutes ... and if graph is trending they might extend it to 30 minutes or even 2 hours so you don't make a quick buck. Yet you could with the variable!

No rhyme or reason really. Just play them at their own childish game and accept the lower variable returns. Whoever is in charge doesn't know how to run a betting site. When they started in this market about 12 years ago returns were all 100% based on a 1-pip margin. All this messing around just confuses any clients they still have left.
 
You try a new way to trade against them. That is how i do, and it works for me. I have also been experiencing the same issue, when you place trades that are 100% sure bets, they just tell you that they market is too volatile.

Its simply unacceptable
 
Why is anyone even using this sh1te.
Its fixed odds, i.e. same as sports betting - the field is tilted in their favour.
 
jasontheduke23 said:
www.optionfire.com offer fixed odds binary options up to 85% roi in an hour.

This is who I use I have mentioned them a couple of times on here and fool due to the fact I have never had a disputed trade..... Live reuters pricing and they have regulatory cover from both the FSA and ASIC.

There are other binary platforms that offer fx-stock-commods-indices but they are un-trustworthy and its difficult to get cash out.

I never have more than £5k in my account once I'm over that I transfer out and have always received funds back.

Happy discuss other peoples experiences.
Click to expand...

I tried to register at Optionfire.

Being able to only trade in 1-hour blocks is very restrictive.

Actually Bet on Markets is okay so long as you go for 'Variable return' -- typically 91%.
 
Last edited by a moderator:
I wonder if there was a consistent winner on BoM... Good way to loose money?

For you guys in the UK using BoM, what are your results? Which Market?
 
I thought I should take the time to introduce myself as someone else on here seems to know a great deal about the company I work for (or think they do)
Click to expand...

Who are you referring to ?


Paul
 
Thanks Richard. It's too bad, OptionFire looks like a nice site / interface.

Can anyone answer the question? Which brokers can USA traders currently use?

Thanks!
 
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