Trader333
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Interesting read here. I was just deciding if spread betting is worth the hassle and this has just answered my questiong. would you say £20pp is large? Well if you think it is not then you are living in a dream world cmc market terrrible. I am moving my money as they are refusing to execute my trades and only on requotes and then when I want to close out they refuse and hit my stop.. All because I am in the money. I will take my money and look for another company.
The interesting thing is CMC are now in bed with natwest hmmm....... I am sure they cannot afford all this publicity. Perhaps the next in line after the banks are the spreadbetting thieves who try to still from little fish.
One must add though were does MIDFID stand with all this. Treat your customer fairly... They are to prove that they indeed acted in your best interest...
Hi Paul
Do you have an account with FB? What's your experience with them been?
I'm suprised to hear '...absolutely no requotes...'! Are they really delivering a good execution service?
:-0
I have heard nothing but praise for them.
Paul
I haven't heard much praise about their spread/commission rate.
hey i genuinely wish you well but be prepared for the worst. If CMC thought for one minute they were wrong they would have paid up. These guys employ the top legal people and would be mad to lose a case for money which to them is peanuts. But i do wish you luck.
CMC were originally trading as Deal4Free, they were nicked named 'Steal4Free' for obvious reasons, maybe these people should be aware of that. I wouldn't let them get away with it, start a website up, CMC sucks.com or some simular, that will put off potential mug punters!
I haven't heard much praise about their spread/commission rate.
Compared to who ? If you wish to trade through the use of SB then they have an enviable reputation based on the feedback from most of those that use them from this site. You may not get the lowest spread but then you wont be re-quoted or falsely stopped out either. I use direct access so it is not applicable to me and I was only relaying what others have said.
Paul