Thursday, June 12, 2008

CMC MARKETS SCAM WARNING

Most of the tricks that these spiv's do has been recorded already.

I have experienced the following:

Stops hunted:
The spikes always seem to be around 18:00 hours GMT.

Requotes:
Always once my equity or close to margin.

At one time after having seen the price drop 10 ticks below my limit order (on a shorted position) when I called to ask why I had not been filled, the answer was : Their were not enough buyers on the other side ( absolute sh**) when I mentioned that I could forward both the limit order I placed and their own chart of where the price when their reply was:

CHARTS ARE ONLY AN INDICATION OF PRICE !

These guys are making serious money, manipulating the market. The FSA is a tiger without teeth, why else Northern Rock?

I used to have the CME real time quotes for the FX beside the CMCE price quotes and would see the variation of the spreads between the two.

Any one on this site what that extols the virtues of CMC Markets are in their pay.

THEY ARE AS CLOSE TO A LEGALISED "CRIME" RACKET AS A COMPANY CAN BE.

DO NOT GIVE THEM YOUR MONEY.

CMC MARKETS SCAM REVIEW




Traded with CMCuk last year.

They stink with a capital
S. When you are profitable they are not happy and look for ways to scam and steal from you.

I hit a BUY button on a USD/SEK trade once and got filled on the SELL side.

(I dont even take alcohol) Happened a few more times I called customer services so many times they ask you to send log files that dont exist.

All other trades are now requotes news times or NOT


CMC MARKETS SCAM WARNING

Dont use these crooks they are stealing money.

That trade platform is rigged big time.

If you want to give money away give it to the homeless not these low down and dirty Bastards.