Will spreadbetting companies cancel your account if you are too successful?

[Lee Shepherd]

But what about things like 'Out of hours markets' and also 'in house products' like say Binary Bets? Instruments like this cannot be hedged. Now, as it happens, I do know one or two people who are very good when it comes to these products and these people have been 'dealt with' in a particular manner by certain firms. The classic 'delayed execution' is often a firms first defensive tactic which obviously then leads nicely into regular trade rejection notices.

What makes me laugh is how the firms say "we dont like scalpers / short timeframe traders" and then offer products (like Binary Bets) which positively encourage it. They want it both ways.

The whole industry is then regulated by people who dont have a clue about how these things work.

Steve.

Well me old mate, if they dont know what they're doing they are doing bloody well with all the money they earn, SB are cash cows, of course they encourage it. They never lose, just like a casino.

Binary bets are gambling in the most simplest form, this is why it is not governed under the FSA. Again for out of hours trading, if you cant trade the market out of hours, dont trade with the bookies out of hours. If the market is closed, its closed. So many people will try and trade the ftse out of hours by seeing this set up and that set up blah blah, it b*llocks, their is no setup other than the one they wish to show you. Trade real markets in real time, no binaries, no out of hours short trades on signal setup crap. It dont work, these are bookies prices and out of hours and are simply made up depending on their book size.

Like I said in my above post, there will be one or two lucky people out there who have been successful doing this (a short time), I dont know of any and for every one person that stands up to say he is the one, There will be 50+ more that keep quiet.

Binary is gambling in its most simplest form, stay away, this is not trading, there is nothing in the trading world that does this nor do contracts exist for it.

Out of hours!, go direct access and do it the proper way.