TwoWayFutures

K

klw

Well-known member
Messages
301
Likes
53
Hi anybody any feedback on the above good or bad?

Specifically they claim to offer exchange prices,anyone know if they take the other side of the trade ? Anything else you think an unsuspecting trader might like to know ?

Or even any other broker that gives direct access to exchange prices ?

Thanks in anticipation ..........
 
TWOWAYFUTURES does not hold client funds, we operate as a Fully Disclosed Introducing Broker to Interactive Brokers. This type of account with Interactive Brokers is for third-party brokers with multiple customers, all known to Interactive Brokers.

TWOWAYFUTURES charges a small premium for trading futures in this way - which pays for technical support and also for additional services that TWOWAYFUTURES supplies

http://www.trade2win.com/boards/showthread.php?t=13926&highlight=twowayfutures
 
My understanding is that one of the major benefits this company offers is tax free trading ( they describe it as "futures betting"), but at real market prices, with a far lower spread than the spreadbetting firms. Also, they state that they hedge the position (which makes sense if they have a front end to IB) and do not take the other side of the trade (as I believe the spreadbetters often do).
 
I would just like to clear this matter up if I may Trade2win?

The above mentioned thread is now old. TwoWayFutures is no longer Interactivebrokers. We used to be, but not any more. They are still a very good company, but we offer something else now.

Instead...

We offer futures prices direct from the exchange but as a spreadbet. Your trading platform offers these live prices and the ability to trade on one click execution (should you want it). All bets are hedged direct in the exchange allowing you the actual market prices. The difference between us and other futures brokers is that we can offer this as a spreadbet. Instead of charging a commission, we add on a bit of spread as the transaction cost. So your execution price is slightly different to the price you see streaming live. We don't run a book against you, or profit when you lose or win...only when you trade.

Under current UK legislation, spreadbetting profits are tax free. But of course seek independant advice if necessary.

I hope this clears this up a little. And we are authorised by the FSA (saw that on another thread).

As for the URL, I am sure T2W won't allow me to post that, but just type twowayfutures into google and we are there at the top.

Kind regards

Adrian
 
someone said that they are based in gibraltar?! -the website gives a milton keynes address... so a bit confused what the status is. also they need a min. deposit of 5k which puts people off since they don't know what to expect from them.. not sure whether they pay interest though :)
 
Sorry but there web site says they are not regulated by the FSA...

Q. Is FuturesBetting.com regulated by a Regulatory Body?
A. Yes, FuturesBetting.com Ltd is regulated by the Financial Services Commission, Suite 943, Europort, Gibraltar, and licensed by the Government of Gibraltar to conduct financial spread betting.

This is straight off the web site, link: http://www.twowayfutures.com/twoway-futures-faq.htm

Please forward your registration number along with your license from the FSA and we can clear this matter up.

In the meantime I personally would not trade through them due to the risk of financial loss and that the status of spreadbetting outside of the UK is not known.

JonnyT
 
JonnyT said:
I suggest you try http://www.fsa.gov.uk/register/ and put in twowayfutures

I find no entries....

Tonight I have emailed the FSA for confirmation of their status and will post the response here once I get it.

JonnyT
Click to expand...

I saw on their website where it seems that they are actually "Twowaymarkets Ltd " and this name figures in the FSA list... but its confusing since they seem to be all over the place with many trading names... onewayfutures, twowayfutures, futuresbetting etc!
so not sure what is regulated by FSA and what is not :)

I think its better to keep away from them till things get cleared up...
 
Yes this is getting really confusing. twowaymarkets are regulated only to give advice not provide trading facilities or hold clients money according to the FSA online register.

Delving deeper into the website I find this:

Mark Sear provides TWOWAYFUTURES with expert analysis using his own proprietary TrendSignal software. This software is also used as part of the discretionary managed futures fund of the Citrus Fund.

And this:

TWOWAYFUTURES does not hold client funds, we operate as a Fully Disclosed Introducing Broker to FuturesBetting.com Limited. TWOWAYFUTURES charges NO premium for trading in this way.

Looking at their website I find:

First!
FuturesBetting.com Ltd is authorised by the Financial Services Commission to conduct investment business and is the first company to be issued a spread betting license by the Government of Gibraltar.

So it would appear your funds and actual bets are cleared with a Company that is not FSA registered.

Would someone from TwoWayMarkets like to comment and correct any errors I may have inadvertently made?

To me it looks like the monies are held and the trading done in Gibraltar where the FSA likely has no juristriction. Would you be happy with this?

JonnyT
 
Dear All

As mentioned on our website, all accounts are fully disclosed accounts with futurebetting.com ltd. They are regulated by the FSC, the Gibraltan regulatory body. They are situated in Gibraltar, not through any sinister motives but beacuse otherwise they would not be able to offer you this product.

TwoWayMarkets Limited, of which TwoWayFutures is a trading name, is authorised by the FSA.

Please have a look at our website or call us if you want any more clarification.

Kind regards

Adrian Buthee
 
The point is that monies and trading are carried out through a Company based in Gibraltar who are not FSA registered.

Ask yourself this:

If there were problems with FutureBetting.com wouild you have any redress?

My opinion is no you wouldn't and the investors compensation scheme for example wouldn't apply.

TwoWayMarkets Limited is only licensed to give advice. It is not allowed to hold client funds etc. This is a very basic registration.

I wouldn't put my hard earned cash with this outfit.

JonnyT
 
JonnyT,

You are of course entitled to your opinion. If any of you are interested in an account or if in any doubt then pick up the phone, or if passing by the wonderful Milton Keynes, pop in and we can show you who we are and what we do here.

And JonnyT, I would urge you to do the same rather than us going round and round in circles on Trade2Win...which doesn't really benefit either of us.

Regards

Adrian Buthee
 
Adrian,

I am in know way saying that you are not a reputable firm. What I am saying is that to me personally I want to trade direct with an FSA registered company located in the UK and thus subject to UK law and protection.

There are plenty of Spreadbet Companies that meet this criteria as there are direct access brokers.

I have to say I do actually like the way you are tying spreadbets directly to the underlying future and others could learn from that.

JonnyT
 
Adrian could you please confirm what Jonny T has said
1. Are you only licenced to give advice and NOT hold monies & therefore if someone opens account with you there money is actually held by futuresbetting.com.
 
Jedi

We are actually licenced to give a lot more than advice, but in answer to your question, yes, monies are held with Futuresbetting and banked with Barclays in segregated accounts.

We have no need to hold client funds and therefore don't need the authorisation to do so.

Regards

Adrian
 
does it mean that any money deposited is not "safeguarded" as per FSA rules?

i.e "100% of first 2K and then 90% of next... " blah blah???

also, do you pay any interest on deposits?
 
You must log in or register to reply here.

Similar threads

B
twowayfutures any users?
Replies
7
Views
3K
schoe
S
B
Direct access to US markets from an ISA account
Replies
2
Views
2K
fibonelli
fibonelli
S
Level 2 Access
Replies
4
Views
2K
awe
A
J
Direct Access Broker for my ISAs
Replies
11
Views
4K
Mattybuoy
M
R
Papertrader (Trading Simulator)
Replies
4
Views
2K
grantx
G
Top