Blue Index Queries

[mannyiscanny]

Does anyone on this forum trade using "Blue Index" ?

If so could you let me know how much you are paying for commisions. I'm paying £50 to open and £50 to close the position.

Saw a complaint about Blue Index on another site - the complainant said he was paying £30 to open and and same to close.

This means i'm being overcharged - what are the rest of you paying ???

Would be pleased to hear from you.

Thank you

 

[tonymaloan]

I joined Blue Index just over a year ago, started with a bank of £2500 which despite all trades offered sounding promising on the phone nearly all lost money. But I was always charged £100 + dealing fees.
My "advisor" Ben Timms is quoting advice to Newspapers/ radio etc almost daily but to me bad advice and I was always unlucky. When I was down to £500(20%) I many times tried to question him by Email and telephone, asking why trades with several hundred pounds of profit went bad but he was never available, never answered. All calls from them stopped for months(8)? then recently an apologetic Ben called saying he could make me money on Tullow oil, so I agreed saying that £500 was all I would invest unless I saw some positive returns, the next day I was cleaned out

 

[mannyiscanny]

Thanks for replying to my query Tonymaloan.

After just one month and £5000 i've been cleaned out. Blue Index recommended over 50 trades of which 27 lost and 23 made profit. Their fees cost nearly £6000. Quickest £5000 i've ever lost - I think i'd have had better luck with a dart and the open pages of the Financial Times !!!!

My advice - steer clear of BLUE INDEX - their advice is worthless, they obviously just want to sell you potential trades (with all sorts of reason to deal) to earn trading commissions. Thing is, you're roped in with their slick sales tactics.

How they call their service an "Advisory Broker" is beyond me - steer clear at all costs !!!!

 

[mannyiscanny]

Just found an interesting story on Blue Index:

Alarmed at the speed of his losses, Dave called Blue Index. Don't panic he was...