Electronic Trading Reliability Issues

[GoldenY]

Hi all,

On volatile days like today, I often notice that the (spreadbetting) electronic trading platforms go down, and when you try calling in, the phones ring for ages and no one picks up. Is this a ploy by the spreadbetters, or can it be attributed to high trading volumes?

My understanding of the "business" of spreadbetting is that they play the odds that over 90% of punters lose their money to the spreadbetting companies. They also have an incentive to use whatever "edge" they have to screw the punters.

I do appreciate that my comments sound a little negative, but having noticed a similar pattern with 5 different spreadbetting companies, I am begining to smell something fishy...

 

[Countvonaltibar]

You're assessment is quite correct, they need to clean up their act to avoid leaving a bad taste in customers mouths. Don't mind getting trades wrong if it was a fair set-up.

 

[futuresbetting]

Hi all,

On volatile days like today, I often notice that the (spreadbetting) electronic trading platforms go down, and when you try calling in, the phones ring for ages and no one picks up. Is this a ploy by the spreadbetters, or can it be attributed to high trading volumes?

My understanding of the "business" of spreadbetting is that they play the odds that over 90% of punters lose their money to the spreadbetting companies. They also have an incentive to use whatever "edge" they have to screw the punters.

I do appreciate that my comments sound a little negative, but having noticed a similar pattern with 5 different spreadbetting companies, I am begining to smell something fishy...

have you had a look at us Futuresbetting.com, we want our clients to make money as we hedge 100% of the clients bets, a fixed spread is applied,no requotes and the system does not go down when you try and get out of a bet.