Comments on: A spread betting disaster (revised)

By: Matt

Matt — Tue, 19 Aug 2008 13:34:40 +0000

Hi, This morning on my second ever trade with Finspreads, they failed to execute my stoploss. I happened to check like yourself and was down 3 times more than where the stoploss should have taken me out. I looked at the graphs and there was no gap. When I spoke to them I was put through to the trader who acknowledged that I should have been taken out within minutes of the drop through but instead was still in the trade 30 mins later! It seemed to be Finspreads policy to honour the fault and offered to take me out of the trade back at the stoploss level (and effectively refund my additional loss). This is in stark contrast to the response you got from IGIndex above. Just thought you’d like to know….

By: A pause in trading « How I became obscenely rich

A pause in trading « How I became obscenely rich — Sat, 09 Aug 2008 10:28:33 +0000

[...] book was discussed in my post ‘A spread betting disaster’ and was recommended to me by my mentor at Trader’s University (knowledge to [...]

By: IG Index’s feedback « How I became obscenely rich

IG Index’s feedback « How I became obscenely rich — Fri, 18 Jul 2008 22:27:13 +0000

[...] July 18, 2008 IG Index’s feedback Posted by mrsimonpowers under Spread betting, The journey | Tags: ig index, slippage, Spread betting | I have had some feedback from IG Index regarding the issues detailed in http://obscenelyrich.wordpress.com/2008/07/17/a-spread-betting-disaster [...]

By: Chris

Chris — Fri, 18 Jul 2008 11:24:58 +0000

I use IG Index too and have on a rare instance had a position move through a stop but if I want to secure a stop they have a guaranteed stop which adds to the spread but allows you sleep better. Another one to add to the insights and lessons learnt folder.
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