Phil Mibbutz
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WS never seems to be mentioned these days. Anyone else notice that at long last they now offer charts?
Worldspreads
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Crap Buddist
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Not Arf....
Poptastical mate, here at Worldlyspreads, we offer the best fab music charts whilst your on refered to dealer....... You aint seen nothin yet..!
Poptastical mate, here at Worldlyspreads, we offer the best fab music charts whilst your on refered to dealer....... You aint seen nothin yet..!
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Phil Mibbutz
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I take it you're not overwhelmed, CB? Haven't used WS much recently, but my impression was that the 'referred to dealer' delaying tactics were used if you made more than three winning trades in a row. I'm sure they do it all for chariddy, mate...
Windowsill
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Well its not true!
I think they are very good....speed of fill is amazingly fast compared with my experience on say Capital Spreads.
JTrader
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I agree.
When you start winning money worth talking about they will changed tact. You're not beeing red flagged not making enough money to concern them, under the radar so to speak. I can speak from experience I have traded with them and been placed on referred to dealer continuously they would not take me off it, even though I could be in some trade for up to 2 hours, so please don't reply and say I was taking advantage of their slow prices.
I dont have an account with Worldspreads but i can tell you that once you are on referred to dealer, no broker will ever take you off it under any circumstances. It's for life. Got to move on and find another broker which I'm sure you did. Seen all the tricks of the trade myself.
JTrader
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If you don't mind me asking -
How many round turns (entry + exit = 1 round turn) per day were you averaging?
Also, at what £ per point value did auto-execution become a problem?
Cheers.
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Around 5 to 7 trades, sometimes just 2 good trades in a day. Execution become a problem when trading over 19 pound a point when it went in to the 20s WS would send a red flag on my account...However, I would place a 10 pound trade and scale in up to over 20 quid. Basically WS do not want traders who know how to manage risk.
JTrader
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Cheers.
So hopes of building up to £100 per pip on forex are perhaps a tad unrealistic with WS then maybe.....
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JTrader
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How long did your trades last typically?
They have a problem with people who only try to catch slow prices - people who are in a trade literally for seconds, which is not good for WS as they have no time to hedge etc. - people who are merely trying to take advantage of slow prices in the datafeed. These are the people who get taken off auto-execution.
If a persons trades typically last minutes, and they are not a person who is just trying to take advantage of slow prices, but offer good business to WS, they say they have no problem with such people as an orgainisation, and are happy for them to make however many pips profit per week at £100 per pip on full auto-trade execution.
Yea right, they tell you this to get your business. Once you make money look out.
Dont say I didn't warn you.
I could be in a trade from 5 mins to 3 hours
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WorldSpreads.Com - Mini Review
This company are very good.
They offer TIGHT SPREADS, and FAST FILLS. What more do you want.
My only other acocunt is with Capital, who are relatively slower with bigger spreads.
WorldSpreads do have a heftier margin requirement and their system does seem to go down or slow up RATHER OFTEN. Nicola over there is very friendly and generally they are ok. They have this 5 second rule they don't tell you about meaning that you cant deal for 5 secs between trades so remember this but otherwise as close as it gets to the actual market. Their Dow tracks the real future well so does their DAX. For me (trading futures) its the best spreadbetting firm out there. 8/10
:clap: & :clover::clover::clover::clover: (for obvious reasons!)
This company are very good.
They offer TIGHT SPREADS, and FAST FILLS. What more do you want.
My only other acocunt is with Capital, who are relatively slower with bigger spreads.
WorldSpreads do have a heftier margin requirement and their system does seem to go down or slow up RATHER OFTEN. Nicola over there is very friendly and generally they are ok. They have this 5 second rule they don't tell you about meaning that you cant deal for 5 secs between trades so remember this but otherwise as close as it gets to the actual market. Their Dow tracks the real future well so does their DAX. For me (trading futures) its the best spreadbetting firm out there. 8/10
:clap: & :clover::clover::clover::clover: (for obvious reasons!)Their account opening process is cumbersome because they require documents to be certified or notarised. That's just archaic. This process is not required if you open an account with, say, Capital Spreads, ODL or GFT. So there are much easier options.
fibbinstarchi
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How safe is your money with worldspreads? I have been told that even if your money is in a segregated account, so if a large trader has a huge loss, any spreadbet company who is a market maker, will use the customers funds in the segregated account to help cover the loss, so in fact only £30k is protected under FSA rules, makes you think doesn't it?
For scalping maybe consider looking into currenex with spreadbet wrapper, so you get instant fills with no dealer interaction and can bet up to £1000pp in some cases, all Tax free.
For scalping maybe consider looking into currenex with spreadbet wrapper, so you get instant fills with no dealer interaction and can bet up to £1000pp in some cases, all Tax free.
Worldspreads requirement for notarised docs???
I opened my account around 6 months ago and nothing was required to be notarised or "certified". In fact the account opening procedure was exactly the same as as Capital & Binary Bet. Perhaps they introduced it recently Pipstar??
I opened my account around 6 months ago and nothing was required to be notarised or "certified". In fact the account opening procedure was exactly the same as as Capital & Binary Bet. Perhaps they introduced it recently Pipstar??
Worldspreads - Max recommended size of account.
If you have lots of money don't waste your time with spreadbetting companies, go either to the cash fx companies or go to marketindex.com from ABN/RBS instead. They are more secure than a tiny peanut like Woldspreads. Marketinex.com have reasonable index spreads (bad for fx) for go to mbtrading/EFX for forex (less than one pip sometimes). I asked Worldspreads and basically they leave you alone under around 5 quid a point (good for practice) - then watch out the dreaded dealer is in there!!
If you have lots of money don't waste your time with spreadbetting companies, go either to the cash fx companies or go to marketindex.com from ABN/RBS instead. They are more secure than a tiny peanut like Woldspreads. Marketinex.com have reasonable index spreads (bad for fx) for go to mbtrading/EFX for forex (less than one pip sometimes). I asked Worldspreads and basically they leave you alone under around 5 quid a point (good for practice) - then watch out the dreaded dealer is in there!!
Crawsthorne
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Laptop is quite right. However you trade once you make money(£10k+) you are on dealer intervention and that is it. I took £1k to £10k since the new year and have been put on dealer intervention so have left. Also not that you cannot enter a stop until the deal has gone through which is dangerous. Having said that their price feed does make it all quite easy.
Good luck.
