Recent content by gi trader

thank you.for your replies. yes basically i need to gather evidence which i am sure i can. the issue is the broker says they post their prices. not anyone elses prices and the ombudsman seems to go with them. obviously it is more inntricate. the thing about lawyers is that they charge a...

thanks, so you get the picture order for limit cant remember exactly but lets say around rough prices of 120. underlying opened at 11.00 @121 underlying price at 11.01 @ 125 underlying at 11.01.20 @ 126 trades should get executed at the price of the exact time the trades get executed at...

i have been looking online at solicitors. i came across a few some who never bothered replying, some who said they were too busy, and one that did reply to me Giambrone. but they want silly money like £3k for looking over it and sending a letter of claim which from my part the broker will...

it is seriously incredible how they have just made up their prices which doesn't reflect the underlying at all. i don't understand what they are thinking. but they are just adament that the customer is trading their prices and not anything else and what they are quoting are their prices

another point is that a whole minute after the market opened is too far for them to make up that they had a super wide spread

hi yes i do have a lot of proofs. i was technically worried about them "making up" very wide spreads. but they actually submitted to the ombudsmen their first prints of their buy sell prices from 11.01.13 with a 5 point continuous spread which is inline with their normal spread. because it...

thank you for your replies. the view that i wish to take them to court with is two fold. firstly. even though they are spread bet their price has to come from somewhere and since they are a regulated firm they have to comply with a general duty imposed by COBS 2.1.1R: "2.1.1R The client's...

also have been to the ombudsman already and they alwyays base around fairness so sided with broker. that it was fair for them to give me price of underlying open. so looking towards court action. but looking for ideas and people with experience in this.

hi yes it was a spreadbetting company. i don't want to publicy yet which one.

would anyone have any advice about taking a broker to court regarding Asymmetric slippage. my trade limit order was executed at 11.01.30 but at the rate of the market at 11.00. this has caused a loss of profits of around 30k amongst other smaller issues relating to Asymmetric slippage

thank you will try digesting it over the weekend. do you perhaps have some links to leslie's case and also article 85. just want to be 100% looking at the right place. thank you

@1invest thank you once again for your time. I see that you are very knowledgeable (and probably more far more than me as i am just a layman) and am really not trying to argue but rather understand. I hear some of the points you are making from the leslie case. it appears to me that the leslie...

@1invest thank you for your reply. please help me understand which hmrc manual you are quoting from. do you have a link? from what i have understood you are quoting "City Index Ltd v Leslie". In that case Mr leslie actually opened a "Spreadbet" account. and even so the judge considered...

@Big deal. Thanks for your information. My question is mainly regarding my friend who has made 500k on synthetic cfd trading. so like trading ig's cfd on ftse 100 for example. based on my previous arguments put forth i think there is a strong case in court these should be tax free as wagers...

Yes you are correct that is the view of all brokers. whenever i have proded a broker like ig or cmc for proof they always tell me that i have to ask my own legal tax advice to an accountant and they do not guarantee in the small print their accuracy as they are not qualified tax specialists...