proposed changes to cfd legislation, page-11

  1. 9,485 Posts.
    lightbulb Created with Sketch. 1
    My last post on this topic as I've said enuff .

    Guys gals cfd providers exist to take your money .
    They are in business to take your money and the utter garbage about how they make money from spreads and over night margining blah blah blah is CRAP .
    They know that 70% of traders lose or blow up . They hedge the good traders and we've shown over time they use your money to hedge your bets . READ THE FREAKIN PDS documentation and cut through the utter garbage they feed u .
    We as traders now have the opportunity to help clean up this corrupt industry . Don't listen to the garbage put out by some providers/dealers and even brokers [note some cfd providers act like they are a broker ] THEY aren't as it is u against them . I still can't believe one Dealer recently told me they were asx/sfe approved [ THEY WEREN'T and I named them in this forum ]

    We will never be able to clean up the bankers or asx garbage that goes on but we have been given another chance to clean up this CFD industry . PLEASE please please read your financial service guide and pds from your dealer which most haven't done or they wouldn't of written comments like above and tell Treasury what u don't like .

    No to pooled funds , segregated or not .
    Yes to own bank accts .
    No to using our money to hedge our positions . If a freakin dealer isn't big enuff or have enuff cash to hedge our posi then they shouldn't be in business or they shouldn't take our posi .

    cheers ge
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.