R.Charnock
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Both Spreadex and Spreadco seem to have new platforms. Anyone using them?
New platforms
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R.Charnock
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MIne seem to have broken already this week, for some reason, so they'll have to try harder than that.
Disagree with your sentiments, now and for the past few years. And that's from someone who also lost out when the goal posts were frequently moved back at turn of the century.
In other words, such criticism used to be almost a truism. However these days, given all the competition among spread bet companies for clients, plus the fact that companies have recently become very wary of customers complaining on boards and blogs, and you ought to find that most of the big players have totally tidied up their acts, since your experiences, (and believe me - I know what you mean) led you to write that. That is to say, it's absolutely normal these days to win & withdraw money, more than once and find that your account functions exactly as it should afterwards. And I clearly remember over a decade ago when they tried every trick in the book to play unfair.
So, to all those who gave up spreadbetting because of how you were treated in the bad old days, you ought at least to consider giving a couple of them a second chance nowadays and you might be pleasantly surprised not just by the trading platforms, but also how client's accounts are treated.
Even if you still remain sceptical, consider just how many people are actively spreadbetting, and how very few are airing their complaints these days compared to days of old!
At a rough guess it's at least arguable that there are as many as five or six times more people spreadbetting now than there were just over a decade ago - and yet we see just as many times fewer complaints these days,. (yes, fewer!) about poor service, platform freezes etc., Even if this rough guess is off by a couple of standard dev's, the relative calm of the boards these days should tell the story as it is: Spreadbet companies now tolerate the winners, because they can still make plenty of money from everyone else - given the very fact that most people lose solely down to their own poor timing, choices and impatience, that companies have finally realised that that they can provide a competitive and professional service for every client.
Lastly, here's hoping Spreadco's new platform has many worthwhile improvements.
jungerns
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Why.......Doesn't happen to me and why should it...??
For once I will not accept the abuse of our resident clowns and make it clear that I will report any, but surely the whole idea of Spread Betting companies is to make their profits via the Spread, and not via some Punter consistently profiting as I have done....??
They I assume can monitor all long and shorts at any one time and trade themselves to break even whatever......??
alphadude
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Disagree with your sentiments, now and for the past few years. And that's from someone who also lost out when the goal posts were frequently moved back at turn of the century.
In other words, such criticism used to be almost a truism. However these days, given all the competition among spread bet companies for clients, plus the fact that companies have recently become very wary of customers complaining on boards and blogs, and you ought to find that most of the big players have totally tidied up their acts, since your experiences, (and believe me - I know what you mean) led you to write that. That is to say, it's absolutely normal these days to win & withdraw money, more than once and find that your account functions exactly as it should afterwards. And I clearly remember over a decade ago when they tried every trick in the book to play unfair.
So, to all those who gave up spreadbetting because of how you were treated in the bad old days, you ought at least to consider giving a couple of them a second chance nowadays and you might be pleasantly surprised not just by the trading platforms, but also how client's accounts are treated.
Even if you still remain sceptical, consider just how many people are actively spreadbetting, and how very few are airing their complaints these days compared to days of old!
At a rough guess it's at least arguable that there are as many as five or six times more people spreadbetting now than there were just over a decade ago - and yet we see just as many times fewer complaints these days,. (yes, fewer!) about poor service, platform freezes etc., Even if this rough guess is off by a couple of standard dev's, the relative calm of the boards these days should tell the story as it is: Spreadbet companies now tolerate the winners, because they can still make plenty of money from everyone else - given the very fact that most people lose solely down to their own poor timing, choices and impatience, that companies have finally realised that that they can provide a competitive and professional service for every client.
Lastly, here's hoping Spreadco's new platform has many worthwhile improvements.
it's simple. Spreadbetting companies are casinos. They have the house edge.
just do the math. or ask yourself the question; how do spreadbetting companies make money.
why play against the house when you can play against the biggest casino in the world; the market itself.
why do you let a small bucketshop to stack the odds against you ? is beyond my imagination
http://en.wikipedia.org/wiki/Spread_betting
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I have well over a decade of experience, not just with spread bet companies, and my recent experiences have most unquestionably been very fair and very positive. That is, no spreadbet company of which I have an account, has taken any action on my account nor betting since the mid 2000's which was anything but fair. If I should ever find otherwise I will be the first to come back here and voice it.
Accordingly, with no disrespect, from my experience, and for the time-being, I most definitely disagree with your sentiments.
This argument is as old as the hills---Modern spreadbetting (in my opinion) is as valid way of trading as any other. I make my living from it (90% sb) and have done for many years and had virtually no problems with profitable accounts
If I get it wrong then I lose if I get it right I win -simples. If I were trading substantially larger amounts it may be different but as with 99.9 % of the guys trading their own money on here i`m not.
If I get it wrong then I lose if I get it right I win -simples. If I were trading substantially larger amounts it may be different but as with 99.9 % of the guys trading their own money on here i`m not.
alphadude
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interesting points; and good to hear success stories.
though my experience from a couple of years ago says otherwise. I get bad fills if not at all when I need it most; and not to mention the company may go bust anytime.
I wouldn't trust any spreadbetting company with a decent capital. Even now I am with a single broker (Interactive Brokers); sometimes I have bad dreams about counter party risk.
though my experience from a couple of years ago says otherwise. I get bad fills if not at all when I need it most; and not to mention the company may go bust anytime.
I wouldn't trust any spreadbetting company with a decent capital. Even now I am with a single broker (Interactive Brokers); sometimes I have bad dreams about counter party risk.
R.Charnock
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Disagree with your sentiments, now and for the past few years. And that's from someone who also lost out when the goal posts were frequently moved back at turn of the century.
In other words, such criticism used to be almost a truism. However these days, given all the competition among spread bet companies for clients, plus the fact that companies have recently become very wary of customers complaining on boards and blogs, and you ought to find that most of the big players have totally tidied up their acts, since your experiences, (and believe me - I know what you mean) led you to write that. That is to say, it's absolutely normal these days to win & withdraw money, more than once and find that your account functions exactly as it should afterwards. And I clearly remember over a decade ago when they tried every trick in the book to play unfair.
So, to all those who gave up spreadbetting because of how you were treated in the bad old days, you ought at least to consider giving a couple of them a second chance nowadays and you might be pleasantly surprised not just by the trading platforms, but also how client's accounts are treated.
Even if you still remain sceptical, consider just how many people are actively spreadbetting, and how very few are airing their complaints these days compared to days of old!
At a rough guess it's at least arguable that there are as many as five or six times more people spreadbetting now than there were just over a decade ago - and yet we see just as many times fewer complaints these days,. (yes, fewer!) about poor service, platform freezes etc., Even if this rough guess is off by a couple of standard dev's, the relative calm of the boards these days should tell the story as it is: Spreadbet companies now tolerate the winners, because they can still make plenty of money from everyone else - given the very fact that most people lose solely down to their own poor timing, choices and impatience, that companies have finally realised that that they can provide a competitive and professional service for every client.
Lastly, here's hoping Spreadco's new platform has many worthwhile improvements.
Agree with most of that. Unless you try to spend all day scalping you won't have many problems these days, but SBs still try to wriggle out of things. I believe some of them have full time FobOff departments who try to keep complaints away from the FOS.
tar
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spreadex new platform looks very nice and friendly to me very similar to IG's ...
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I have not had a look at Spreadex, at least in past they have not been able to compete when it comes to spread. I have had a closer look at Spreadco. They have upgraded the platform, orders now comes with the ability to use user predefine stop loss in points, very good indeed. They have very narrow spread on the Dow but I don't know how they perform and execute. I will probably find out as I am about to give them a try.
The Leopard
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Disagree with your sentiments, now and for the past few years. And that's from someone who also lost out when the goal posts were frequently moved back at turn of the century.
In other words, such criticism used to be almost a truism. However these days, given all the competition among spread bet companies for clients, plus the fact that companies have recently become very wary of customers complaining on boards and blogs, and you ought to find that most of the big players have totally tidied up their acts, since your experiences, (and believe me - I know what you mean) led you to write that. That is to say, it's absolutely normal these days to win & withdraw money, more than once and find that your account functions exactly as it should afterwards. And I clearly remember over a decade ago when they tried every trick in the book to play unfair.
So, to all those who gave up spreadbetting because of how you were treated in the bad old days, you ought at least to consider giving a couple of them a second chance nowadays and you might be pleasantly surprised not just by the trading platforms, but also how client's accounts are treated.
Even if you still remain sceptical, consider just how many people are actively spreadbetting, and how very few are airing their complaints these days compared to days of old!
At a rough guess it's at least arguable that there are as many as five or six times more people spreadbetting now than there were just over a decade ago - and yet we see just as many times fewer complaints these days,. (yes, fewer!) about poor service, platform freezes etc., Even if this rough guess is off by a couple of standard dev's, the relative calm of the boards these days should tell the story as it is: Spreadbet companies now tolerate the winners, because they can still make plenty of money from everyone else - given the very fact that most people lose solely down to their own poor timing, choices and impatience, that companies have finally realised that that they can provide a competitive and professional service for every client.
Lastly, here's hoping Spreadco's new platform has many worthwhile improvements.
Cleaned up and improved? Certainly, I would agree completely with that. But clean and good? I would have to disagree.
I think in particular one would encounter problems if one were making large profits from short term trading, although I have moved on from them in any case.
But if one is trading a serious account and wants to spread bet, why use the bucket shops anyway? There are now two (that I am aware of) DMA spread bet companies, where there is no internal market - one simply pays an increased commission, and everything is transparent with no possibility of profiting from client losses.
The Leopard
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It won't happen to you because you are not profitable. You are a mug that follows forex signals that claim to generate thousands of pips a month at a cost of £25.
The spread bet companies will of course welcome you, because they welcome all small mug punters who lose (loose).
W
Wunderbar
How do you know the guy is losing from these signals ?? I've briefly looked elsewhere re his posts and he doesn't say that ?? He appears to be saying that he was losing on forex from his own trades not from signals, where he and others appear to be winning on a consistent basis so hardly bigging him/herself up, and to be fair quite the opposite.
The Leopard
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Because they are paid-for signals. What more do you need to know?
rsh01
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I agree with peakoil, rc et al, but there's still some shady SBs (MT4 et al). Agree in part with The Leopard also, even the reputable SBs have dynamic slippage allowance +/-3pips or so, min dynamic slippage to miss an entry and max to hit a stop and this is pretty much accepted as part of the service (vs tax free). This isn't going to happen v often, only when your leaving limit orders in to fade moves by the pip. If your actively working your trades (not set and forget) then entering/exiting with market orders will remove this risk.
I didn't know there were SB firms offering DMA though. Will have to look into this.
The Leopard
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Only 2 that I know of - FP Markets and ibetfinancials (Kyte Group). Good but commissions are fairly high by regular futures broker standards (although still cheaper than IG for example, and of course better that charges be levied via commission rather than spread).
rsh01
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Cheers for the heads up, will look into them.
