Fact or fiction?
- Created:
- 25 November 2005
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Surf the financial websites and you'll come across plenty of spread-betting horror stories. There are tales of phantom prices, invented to spike clients' trades. There is the case of the ghostly stop-loss that failed to go off in the night, and the mysterious spread that widened then narrowed when no one was looking.
Are they urban myths? Are they hangovers from the early days of spread betting when clients were less sophisticated? Or are they spread betting's dirty little secret? To discover which is which, we asked 10 spread betters: do these things happen at your firm? If not, what is the most compelling rebuttal you can think of?
Here's what they had to say to four of the most popular spread-betting suspicions.
- Stop losses being taken out
- Orders not filled at your price
- Having prices skewed against you
- Being requoted - or turned down