Spread betting firms are your enemy - City Am article

[Block_king]

http://www.cityam.com/markets-and-investments/your-broker-trading-against-you

Read this this morning- The FXCM guy alleges that there SB firms deliberately make it hard for you to close orders when you're in the green, delay your orders if you're a successful trader, etc.

Worth noting he's trying to promote his own co so take it with a pinch of salt.

 

[pboyles]

OK lets take bets on how long it takes until this gets deleted. I say it wont last an hour. Gone by 16.05 today.

Nice article though. Maybe the tide is turning at last.

 

[brewski1984]

OK lets take bets on how long it takes until this gets deleted. I say it wont last an hour. Gone by 16.05 today.

Nice article though. Maybe the tide is turning at last.

i quote you 16.03-16.07...

any other takers?:clap:

 

[Ross Spur]

Why should it be deleted - it's all been said before?

 

[pboyles]

No it wont be deleted at all, its promoting no dealing desk brokers at the expense of others.

 

[lancenicolase]

Am I right to assume that he's saying that FXCM used to trade against its customers but now investing in NDD platform?

Not much in the article but self promotion.