Far be it from me ....

[montmorencyt2w]

...to promote in your face advertising on T2W, but the firm that is currently in my face on this page is offering up to £500 deposit match (I think). Potentially interesting.

New name on me.

 

[arabianights]

Aye, but it's another crapital spreads imprint.

And the offer match is 10%. IE for this £500 you need to deposit £5000.

Now, realistically, 10% of any normal spread bet trading is going to be lost to the spread.

So it ain't arbable.

I now pretty much just use spread betting for wild punts at £1pp kind of stakes. Good fun but this sort of offer is useless.

 

[montmorencyt2w]

Aye, but it's another crapital spreads imprint.

And the offer match is 10%. IE for this £500 you need to deposit £5000.

Ooer....not such a good R:R then!

Now, realistically, 10% of any normal spread bet trading is going to be lost to the spread.

Depressing thought

 

[arabianights]

Depressing thought

Reasonable though. I reckon at least 10% of my gross profits, trading DMA, go on comission, which is less than 10% of the spread - closer to 5% after rebates which you get for doing volume, and given what rates I'm paying anyway I'm probably paying about 10% of a retail account net - and I tend to try to earn the spread.

Now, the instruments I trade do not move so much, and thus the spread is relatively a greater (huge, in fact) part of what I trade. And I trade short term strategies.

But it would be an exceptional trader who will have less than 10% of his earnings consumed by the spread with any kind of remotely short-term (by which I mean <1 month) strategies.

And of course with longer term strategies, the spread betting company will rape you with spurious overnight funding charges. Can't discount them either...

 

[Lord Flasheart]

Guys if you do decide to use intertrader,pm me and we might as well have the £100 each introduction fee as well as the 10 % sign up bonus. It is a white label,so what,there spreads are same as anyone elses,money segregated,plus 10% back is worth a few £ every month.Im hoping the cashback pays for my datafeed every month.

 

[PipStar]

I saw the ad but like someone said it is another white label of Crapital Spreads so I gave up on it.

 

[Lord Flasheart]

I saw the ad but like someone said it is another white label of Crapital Spreads so I gave up on it.

why, surely its the spreads that matter,whats wrong with capital spreads

 

[Black Swan]

it's party gaming isn't it? Can't think of their name without thinking of party boy from Jackass

 

[Jack Hughes]

£500 seems generous until you check out the t&cs, when it becomes an offer you can definitely afford to miss.

 

[DionysusToast]

Future offers from this outfit to look out for...

- free lunch
- your cake and eat it

 

[Lord Flasheart]

£500 seems generous until you check out the t&cs, when it becomes an offer you can definitely afford to miss.

enliten me jack,what diferent about there t and cs. To get the £500 all i had to do was do £500 worth of trades,what could be easier

 

[Jack Hughes]

enliten me jack,what diferent about there t and cs. To get the £500 all i had to do was do £500 worth of trades,what could be easier

<< To satisfy the release criteria you must place opening trades with a total stake amount double or greater than the bonus amount. For example if you receive £50 you have to have placed opening trades with a combined stake of at least £100.>>

So to get your £500 you have to deposit £5k, then make bets with a total stake value of £1000. That doesn't seem too attractive compared with what's available elsewhere. Eg, Gekko offers a £500 bonus for a £2k deposit, and to qualify you only need to place three trades of £2 per point.

 

[Splitlink]

<< To satisfy the release criteria you must place opening trades with a total stake amount double or greater than the bonus amount. For example if you receive £50 you have to have placed opening trades with a combined stake of at least £100.>>

So to get your £500 you have to deposit £5k, then make bets with a total stake value of £1000. That doesn't seem too attractive compared with what's available elsewhere. Eg, Gekko offers a £500 bonus for a £2k deposit, and to qualify you only need to place three trades of £2 per point.

Conditions-

The more attractive the bonus seems, the more the punter must watch. Keep your eye on your money, not the bait.

 

[scose-no-doubt]

Why? I seem to remember Gamma muliplying ETX free 100 sheckles by about 7

 

[Splitlink]

Why? I seem to remember Gamma muliplying ETX

I don't say don't try it. Just keep your eye on your own money. The temptation is there.
The bookie is not daft, there is a reason for offering the bait.

 

[Lord Flasheart]

<< To satisfy the release criteria you must place opening trades with a total stake amount double or greater than the bonus amount. For example if you receive £50 you have to have placed opening trades with a combined stake of at least £100.>>

So to get your £500 you have to deposit £5k, then make bets with a total stake value of £1000. That doesn't seem too attractive compared with what's available elsewhere. Eg, Gekko offers a £500 bonus for a £2k deposit, and to qualify you only need to place three trades of £2 per point.

great, ill do that one as well

 

[Lord Flasheart]

gekko spreads are wider and dont offer 10% back

 

[gamma]

Just a quick post.

These offers are not like the ETX offer, or offers that were around last year.
I think the companies have wised up to the folly of the last batch of offers.
The ETX offer was a simple "open an account with us" and we will deposit 100 pounds or whatever. the only condition was that you could not take the initial offer money but were free to take anything you made on top.
This batch of offers is very similiar to the online gambling casinos offer.
My advice on any of these offers is
If its not a free deposit to your account without having to do a set number of trades and depositing a certain amounts of money, and that bit about the total value of trades exceeding blah blahblah (which I can't even understand ) have nothing to do with it.Have nothing to do with it.

 

[Lord Flasheart]

Just a quick post.

These offers are not like the ETX offer, or offers that were around last year.
I think the companies have wised up to the folly of the last batch of offers.
The ETX offer was a simple "open an account with us" and we will deposit 100 pounds or whatever. the only condition was that you could not take the initial offer money but were free to take anything you made on top.
This batch of offers is very similiar to the online gambling casinos offer.
My advice on any of these offers is
If its not a free deposit to your account without having to do a set number of trades and depositing a certain amounts of money, and that bit about the total value of trades exceeding blah blahblah (which I can't even understand ) have nothing to do with it.Have nothing to do with it.

Im lost here,why have nothing to do with it. If i have to trade £500 worth of trades to get 500 whats the problem. If the spreads are the same as elsewhere and the security the same, WHAT IS THE PROBLEM. There cant be one. I have used both tradefair and now intertrader with absolutely no problems whatsoever. I cant believe senior traders are knocking a chance to get free money. What should I do trade with a company that doesnt offer bonuses. Ill switch all the time if need be.They may be all be white labels for capital spreads,so what? as I said if the spreads are good and the security the same what is the problem. Come on guys talk some sense or at least explain why you have said what you have.

 

[Jack Hughes]

Just a quick post.

These offers are not like the ETX offer, or offers that were around last year.
I think the companies have wised up to the folly of the last batch of offers.
The ETX offer was a simple "open an account with us" and we will deposit 100 pounds or whatever. the only condition was that you could not take the initial offer money but were free to take anything you made on top.
This batch of offers is very similiar to the online gambling casinos offer.
My advice on any of these offers is
If its not a free deposit to your account without having to do a set number of trades and depositing a certain amounts of money, and that bit about the total value of trades exceeding blah blahblah (which I can't even understand ) have nothing to do with it.Have nothing to do with it.

With the offers around a while back you could withdraw the 'free' money after a certain time. They seem to have wised up now because these 'refund losses' offers are a waste of time.