rav700
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stevespray
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Re: Worldspreads are officially bust
Hi Rav,
Nice blog.
You should post this morning Citywire story on the subject as it contains some numbers. It looks like around half the client funds are 'missing'.
Steve.
Hi Rav,
Nice blog.
You should post this morning Citywire story on the subject as it contains some numbers. It looks like around half the client funds are 'missing'.
Steve.
stevespray
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Lightning McQueen
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WorldSpreads
Right then!
Can't believe there's not a single thread yet on WorldSpreads going into administration ... another MF Global style fiasco of missing client money.
Any inside skinny out there?
I dealt with them numerous times, and although was rather amazed at their modus operandi, found them actually quite straight forward. They would auto execute my index & fx orders at £25/point (roughly £300k) and until very recently would fill stop orders on the button with zero slippage.
I will be in the queue for the FSA compensation, and luckily am below their threshold to be made good, so that's a relief. In retrospect I really should have had a short position on their shares as an insurance policy ....
Right then!
Can't believe there's not a single thread yet on WorldSpreads going into administration ... another MF Global style fiasco of missing client money.
Any inside skinny out there?
I dealt with them numerous times, and although was rather amazed at their modus operandi, found them actually quite straight forward. They would auto execute my index & fx orders at £25/point (roughly £300k) and until very recently would fill stop orders on the button with zero slippage.
I will be in the queue for the FSA compensation, and luckily am below their threshold to be made good, so that's a relief. In retrospect I really should have had a short position on their shares as an insurance policy ....
Lightning McQueen
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Re: WorldSpreads
you a bit late to the party you thread 5/6 i think
you a bit late to the party you thread 5/6 i think
fibbinstarchi
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World Spreads gone bust, Two Way Spreads next?
They both offered zero spreads, same smell IMHO.
They both offered zero spreads, same smell IMHO.
Lord Flasheart
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Re: WorldSpreads
its nice to know that when these things go under that there is protection of our capital
its nice to know that when these things go under that there is protection of our capital
rav700
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Re: WorldSpreads
Hi Everybody,
Worldspreadsheist
I am a client of ws and created this blog since last night..I am someone who has been a member with T2w for quite a long time am just trying to help people..
Hi Everybody,
Worldspreadsheist
I am a client of ws and created this blog since last night..I am someone who has been a member with T2w for quite a long time am just trying to help people..
rav700
Senior member
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Re: Worldspreads are officially bust
Hi Steve,
I am a full time trader and I thank you for you support instead of comments which mean nothing at all.Sometimes its we as traders that need to support one another to ensure we dont let this industry take our years of hard work and effort away....
Thanks a lot
Rav
Hi Steve,
I am a full time trader and I thank you for you support instead of comments which mean nothing at all.Sometimes its we as traders that need to support one another to ensure we dont let this industry take our years of hard work and effort away....
Thanks a lot
Rav
stevespray
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Re: Worldspreads are officially bust
KPMG say that they advice phone line will be open from 12 noon London Time.
KPMG say that they advice phone line will be open from 12 noon London Time.
rav700
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Investor66
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Hi Guys, I've been a WorldSpreads client for over two years and thought they were pretty good, although they are the first and only Spreadbetting company that I've used. Couldn't believe it when I heard this news on Friday night and it will be very annoying to have my money locked up for the next 6 months or so while I wait to get it back.
In the mean time, who would you suggest i move my business to? I've been looking around but I don't want to end up in this position ever again if I can help it...
In the mean time, who would you suggest i move my business to? I've been looking around but I don't want to end up in this position ever again if I can help it...
