Yes it was a very nice introduction from you gse, considering you "hate CFD providers", and believe they're all "bucket shops"
Hi Davin,
I wasn't suggesting that you were a front for a gambling company. I'm saying that alot of retail traders who open CFD accounts end up no better off than gamblers, since they generally lack the domain skill/ don't understand the risk- hence the bad name that's associated with CFD's in general. Therefore the last thing a typical retail trader wants to be doing is trading via a market maker model ,where there's less transparency. It's just common sense.
As you should also know, there's been some Disallowed type of trading company's/Academy's who setup shop in Australia, selling overpriced courses to naive retail investors- their marketing models always had an "experienced trader/s" as the front man. So my point was that fronting a financial institution behind an "experience trader" looks suspect. However I'm not suggesting that you company is illegitimate, your marketing strategy's just made me skeptical.
What names are you referring to? Are you suggesting that you're better than other providers? What CFD model do you follow? What sort of risk do you take on client orders? Are all your client orders matched with the underline, or do you maintain a discretionary bias as to how your orders are hedged??
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