Spread Betting Prices

MrFroggy · Dec 20, 2012

Hello, I am new to spread betting, I had a demo account for a few months and recently decided to try it for real. However I lost a bet today and I am wondering about the reason why. I made a down bet on the FTSE 100 rolling daily with tradefair and then for 1 minute the FTSE 100 price went from 5965 to 6005 then right back down from 6005 to 5965. I was stopped out. My question is how and why did this happen? I have checked the London stock exchange website and it doesn't show the FTSE getting anywhere near 6000 today.

Thanks for any help

I posted another thread with the graph but it didn't seem to format properly and I couldn't see the edit button.

Spammer. · Dec 20, 2012

Give them a call MrFroggy then let us know what they say.

5972 is today's high on other platforms.

MrFroggy · Dec 20, 2012

Thanks for the advice, I sent them an email and they refunded my loss and restored my position. There was no explanation of what went wrong so I don't know what happened.

Spammer. · Dec 20, 2012

Keep a very close eye on them from now on.
I had a similar issue earlier in the week with another SB co. their price was only 10points higher than that of the others but was just enough to take me out by exactly 1 point!
No refund for me though.

hacks · Dec 20, 2012

Spammer. said:
Keep a very close eye on them from now on.
I had a similar issue earlier in the week with another SB co. their price was only 10points higher than that of the others but was just enough to take me out by exactly 1 point!
No refund for me though.

If you made money on an incorrect price they'll immediately ask for it back.

Spammer. · Dec 20, 2012

hacks said:
If you made money on an incorrect price they'll immediately ask for it back.

Deaf ears when it's the other way round though.

brewski1984 · Dec 20, 2012

hacks said:
If you made money on an incorrect price they'll immediately ask for it back.

You mean they'd actually ask?

hacks · Dec 20, 2012

brewski1984 said:
You mean they'd actually ask?

Actually no, they wouldn't ask. You're right. They'd just take it away by debiting the account.

Spammer. · Dec 20, 2012

hacks said:
Actually no, they wouldn't ask. You're right. They'd just take it away by debiting the account.

I remeber a few years ago one of the t2w young bucks got their account credited with 20k plus for no reason and then tried to remove it from his account, he changed sb co's. not long after

Spread Betting Prices

MrFroggy

Newbie

Spammer.

MrFroggy

Newbie

Spammer.

hacks

Active member

Spammer.

brewski1984

Senior member

hacks

Active member

Spammer.

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