FuturesBetting.com Re-Launching

[chilltrader]

the bank charges us, we pass this on to the client.

This is getting curious.. so the Bank doesn't charge for xfring funds into FB a/c
only xfring out back to customers?

 

[Vaco]

I dont really see the point of discussing the £5 charge any further, it doesn't really mattter why the charge is there, fbc have this as a charge whilst other spreadbetting firms do not. if this is the only advantage tht other spreadbetting firms have over fbc then I have little to worry about.:cheesy:

 

[chilltrader]

I dont really see the point of discussing the £5 charge any further, it doesn't really mattter why the charge is there, fbc have this as a charge whilst other spreadbetting firms do not. if this is the only advantage tht other spreadbetting firms have over fbc then I have little to worry about.:cheesy:

Of course it matters. The customer needs to know why the charge is there.

Is it an "admin" charge OR "bank charge".

Its a matter of business principle

 

[Vaco]

Of course it matters. The customer needs to know why the charge is there.

Is it an "admin" charge OR "bank charge".

Its a matter of business principle

we already know its not a bank charge otherwise every company would charge for transfers out. I'm not just talking about SB either, poker and casino sites dont charge and they want you to keep your money in more then anyone.

 

[chilltrader]

I dont really see the point of discussing the £5 charge any further, it doesn't really mattter why the charge is there, fbc have this as a charge whilst other spreadbetting firms do not. if this is the only advantage tht other spreadbetting firms have over fbc then I have little to worry about.:cheesy:

hmm.. probably true - but will reserve judgement until I actually use the platform.

From what I hear, they *were* the "holy grail" among brokers

 

[Vaco]

hmm.. probably true - but will reserve judgement until I actually use the platform.

From what I hear, they *were* the "holy grail" among brokers

I'm not too worried about the platform, if I dont like it I can always attach a 3rd party app like ninja trader to it, and i'm sure they will suport other apps in the future.

If they prove to be as good as cmc are on the cfd side of things then i will be more then happy.

 

[IANLEE]

This £5 bank charge for withdrawals stinks and is a turn off for me. I have not encountered it elsewhere.

 

[riogordo]

It is beyond beleive the someone would not use a system because of a £5 charge if the system in suppose to be better than others. Whilst I agree that it would be nice to 1 free withdrawl a month it is irrelivant when you min. price move on a FTSE is making or loosing you £5!
I guess the charge is there to stop people using FB like a bank. I had just started using FB when their problems started and although did not have a good run at using the system I found it streets ahead of other platforms by way of technical abilities and accuarate prices and speed of transaction.
For me it was like driving a Porche compared to a VW, and would I pay a fiver for the privalage?
yes. So the sooner they are back the better. No more re-quotes.

 

[A Dashing Blade]

This £5 bank charge for withdrawals stinks and is a turn off for me. I have not encountered it elsewhere.

Apols to sound harsh but you're wingeing about £5 and (effectively) want to play the futures markets . . .

 

[happiesmiles007]

any news on that arrogant bunch called global trader who cant manage a field inside a football?
they have frozen my funds!
how is fbc clients affected by this?

 

[chilltrader]

wonder whats keeping fbc to open for business.. I thought they were supposed to be live by now?!

 

[futuresbetting]

any news on that arrogant bunch called global trader who cant manage a field inside a football?
they have frozen my funds!
how is fbc clients affected by this?

it did'nt affect any Fbc clients just Fbc. The clients money was completely seperated and held in segregated accounts, all their funds were returned.

 

[Vaco]

Hope the testings gone well,

How do we go about downloading the demo?

 

[futuresbetting]

Hope the testings gone well,

How do we go about downloading the demo?

the demo platform will be available soon, when we are live.Not long we hope.Keep an eye on the website.

 

[futuresbetting]

wonder whats keeping fbc to open for business.. I thought they were supposed to be live by now?!

testing being done, when this is completed we will be live again. Sorry for the delay but these things take time.

 

[Mayfly]

Fine, so just keep us posted, OK?

And thanks.

Mayfly

 

[futuresbetting]

wonder whats keeping fbc to open for business.. I thought they were supposed to be live by now?!

we are waiting for exchange keys from our new clearer, when they arrive within a few days after testing we will be live.hopefully very soon.

 

[chilltrader]

still locked out?

 

[bobomini]

The bank may be charging futuresbetting given their perculier nature: they are based abroad.I will train my mind to live with that. Having said that, the chap answering on behalf of FB should ring up barclays and get a proper statement from them.
On the plus side for FB, one reason any one who has traded for a while will stick with FB is that you can enter a trade and exit at a stop loss you choose without hinderance from FB. It is between you and the market. This is a big problem the other SB firms create. They choose and set the minimum distance from the market price you must be.
Another reason and probably the most worrying is that for the other SB firms, you are actually taking their money each time you make a profit. Yes! it is the SB firm's cash you are trying to take. Now consider that! You expect honesty all the way? I just had a 36 tick slippage. When I complained, the entire trade was cancelled as wrong fill......how much of my profit was eliminated by that method? Well, that is market making for you. FB hedges your trade into the market and takes only their spread. From there, it is between you and the market. That is why, only FB can offer automated trading in that automated trading is based of seemless entry and exit. Market making is based on in part making sure you dont scarp, by claiming price is no longer available if the rate of price change as determined by their softwares, favour a quick move in your direction of bet.
Having said all these, the BIGGEST PROBLEM REMAINS: WHERE IS FB TO TRADE WITH? Who else hates this type of waiting? Would it not be nice to have an update blog or something? That website message is begining to irritate. Is the licence in the bag now? Clearing firm waiting for? etc.
Still, see ya soonest!

 

[futuresbetting]

still locked out?

testing going on this week, sorry for the delay,but were getting fustrated too.When were back and can accept client funds e-mails and phone calls will be made .