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
- Forums
- CFDs
- proposed changes to cfd legislation
proposed changes to cfd legislation, page-11
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online