Capital Spreads - Wot A Pile Of Xxxx

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thebard

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:mad:

JUST LOST OVER 600 quid cos those thieving *******s at CAPITAL SPREADS (ALSO AFFILAITED WITH PADDYPOWER AND E-TRADE) have such a useless platform - it just crashed - unfortunately I just placed trades the second before the site went down - yet again... and all the prices froze .....


WHY WOULD ANYONE WANT TO WASTE TIME WITH THIS BUNCH OF CHARLATANS
 
thebard said:
:mad:

JUST LOST OVER 600 quid cos those thieving *******s at CAPITAL SPREADS (ALSO AFFILAITED WITH PADDYPOWER AND E-TRADE) have such a useless platform - it just crashed - unfortunately I just placed trades the second before the site went down - yet again... and all the prices froze .....


WHY WOULD ANYONE WANT TO WASTE TIME WITH THIS BUNCH OF CHARLATANS
Click to expand...

Care to give us details of the trade?
 
Well here`s what happened to me today

These robbing bast*rds went and cancelled ALL trades from RBS yes you know who you are Mr Denham and Nick H .Their reason was they wer latent prices i produced the LSE data feed top back up my case .

THESE ROBBERS WOULDN`T ACCEPT IT

They told the LSE they were receiving delayed prices and cancelled ALL trades

They`re ROBBERS in white shirts it`s white collar crime

When i got angry they closed my account

THEY don`t give a flying f*ck

They will rob you blind
 
The price feed are intermittant and I am a good enough spot FX day trader to "trade around" these problems - I just sent them an email telling them to close my account -

I lost 180 on $/yen deal as I entered it unfortuantely right b4 their system crashed and then got into an agument with the Dealer - he wanted to split the difference I got so incensed that I told him to close out the yen and a losing Dax trade - afterall with no price feed it is difficult to trade.

But I see from my email confirmations that I actually had a limit profit order and instead of losing £500 (dealer closed it out over phone) I would have actually made £400 on the DAX - so I emailed CAPITAL SPREADS demanding this to reimbursed aswell. I will let everyone know the outcome - if bad I am going to put up a web site warning people that CAPITAL SPREADS ARE UNRELIABLE (putting it mildy) and to AVOID AT ALL COSTS.

If they don't reimburse I am going to report them to Trading Standards. Can anyone think of any other action I could take? FSA?


cheers
 
The FSA is a waste of time where spreadbetting is concerned because you are "Betting" and not classed as "Trading".


Paul
 
I suspect you will find trading standards quite useless when it comes to things financial, but you may get lucky on who answers the phone, I would be surprised if they even return your call in my limited experience here.

Wouldn't it be just better to chalk this one up as experience, as has already been suggested here to many disgruntled CS clients - smile and move to another platform, if your strategy is sound you will soon make up your loss, IG seems flavour of the moment ...good luck in whatever path you decide to take (y)
 
Lightning McQueen said:
I suspect you will find trading standards quite useless when it comes to things financial, but you may get lucky on who answers the phone, I would be surprised if they even return your call in my limited experience here.

Wouldn't it be just better to chalk this one up as experience, as has already been suggested here to many disgruntled CS clients - smile and move to another platform, if your strategy is sound you will soon make up your loss, IG seems flavour of the moment ...good luck in whatever path you decide to take (y)
Click to expand...

Agree. It's just another trade - if it doesn't work out, analyse & move on.
 
Cheers

Yeah ur right - Id have had a very profitable week without all the bullxxxx with CAPITAL SPREADS and there useless unreliable platform. I wonder why it's taken them nearly 2 years to get around to fixing it - must be very profitable for them it they're hedged and clients let losses run (I do allow very wide stops).

IG Index is very good - you enter a trade and it's filled INSTANTLY - with those Cowboys it can take up to 20 seconds and longer - that is if you don't get a Price No Longer Valid message when it's in their favour or There Has Been An Unexpected Error With Your Trade or your having to haggle with a dealer over "splitting the difference" in your loss because their price feed had GONE DOWN YET AGAIN, blah blah blah!

CAPITAL SPREADS = The most unreliable, unprofessional cowboys in town, Yeee Haaaaw!!
 
According to their accounts IG spend 3 million a year on data feed costs.

Probably 10 times more than these clowns pay
 
Capital Spreads really are a dubious company .It`s a profit driven highly motivated staff intent on screwing their punters while their MD comes on here and attempts to allay fears that they don`t use methods to increase their hedge .

The price invalid tickets and slow feed on announcements are surely just one of a numerous tactics employed .Believe me if they can enter your account and empty the coffers for ANY reason they will .


This is how it works .It`s an erroneous spike when it`s against their positions hence you won`t get filled and positions will be cancelled accordingly .


It`s not an erroneous spike when it suits them and even if it`s out of hours .

They`re BANDITS

Of course i`m know longer with them but i had no choice they closed my accounts .

It`s not forgotten or finished and all i`ll say is 192.com is very handy
 
Thanks for the last two posts - it leaves me in no doubt that Incapable Spreads sorry Capital Spreads are in some way taking advantage of their systems/platform failures - after all CAPTIAL SPREADS HAVE HAD THESE FREEZING PRICE FEED PROBLEMS FOR NEARLY 2 YEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So yes anyone thinking of joining this bunch of underhand thieving fxxkin cowboys... AVOID AT ALL COSTS!

LONDON CAPITAL GROUP "RUN" PADDYPOWER AND ETRADE - maybe they're pulling a fast one there...
 
My guess is that Simon and his gang are relying on their customers losing. This shows you they should operate in the casino business. The financial markets are risky for brokers unless they have very wide spreads or they charge commission. You can tell from Simons posts he has a casino model in his head. Casinos even shuffle cards to eradicate the advantage of counting cards. Simon has very tight spreads on things like USDJPY, has silly margin requirements and he, of course, doesn't collect commission. The guy is asking for trouble. He got the thing all wrong really and now he is panicking and Capital Spreads is now a toilet of a bookie.
 
Thanks for the comment. I personally believe what is going on at INCAPABLE SPREADS is simpler than your explanation - here's why:

Institutions like Harvard have done research on this fact: The majority of traders hold losses longer than winners. Proportionally at anyone time a company like CAPITAL SPREADS will have a bias in that they will have a greater proportion of loss making positions on their books compared to winning positions.

When sensitive market data is released - unless it is earth shattering - the direction to the market trend does not reverse but merely continues in the direction it's already
going in.

If you the throw into the mix a price feed crash (or these cowboys just turning it off before ISM's/Job data etc is released) you have a certainly of increasing loss making positions in the time it takes for traders to call in - identify themselves, identify the market get a price and exit a position.

Think of it as slippage (it really isn't) but in this case very profitable "slippage", so profitable a company "can't" fix the problem in nearly 2 years.
 
Hi...

I haven't used Capital Spreads much, but my experience in general with SB broking is that Equities are nearly always under - served: I spent several months event trading equities and frequently found that the share prices did not reflect the market. Furthermore, with CMC they will actually increase the spread dramatically during the most volatile times, which prevented me from taking tens of profitable trades.

However I have since moved to Forex, and with CMC, to be fair to them, their prices are lockstep with the market as far as I can tell. (doesnt mean my trading has improved though!).
 
Im giving up using Capital spreads too,
Anyone recommend a good spread betting broker please? e.g IG Index, CMC, OR any other...

Thanks
 
Yeah CAPITAL SPREADS are CRAP - UNRELIABLE along with DAYLIGHT ROBBERY....

Use IG Index - they are professional - rollovers are slightly different as spots are closed out and reopened but if you're out just leave position to roll back into positive territory if you believe in it.

cheers
 
I had loads of problems with CS, but they have also corrected a few problems for me also.

I was under the opinion that all SB companies were like this, I sometimes use worldspreads, but only because I spent so long using their demo account I got used to the platform.

Does IG have a good platform? I used City and CMC but they just freeze up on my computer. Cantor was ok, but the spreads looked huge. Anyone have any experience from ODL? was also another on my list to try. But it takes so long signing up and bringing all the documentation to these places I kind of rather just stick with one company.
 
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