Scammersbeware
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After promoting very heavily on Bloomberg, Worldspreads.com have finally been discovered for having a very dodgy business model.
As of today Worldspreads has been suspended from shares trading and clients are unable to close their trades, this is after offering clients zero spreads... A somewhat questionable thing in the first place.
What has been happening you ask? Well the FSA (Financial Services Authority), are investigating Worldspreads in regards to 'accounting irregularities' with their clients money at potential risk.
The full bloomberg article can be found here:
In my opinion, be careful if you have an account with them... The best thing to do is get your money out right now while you still can before we see a mini MF Global happen in the city of London.
As of today Worldspreads has been suspended from shares trading and clients are unable to close their trades, this is after offering clients zero spreads... A somewhat questionable thing in the first place.
What has been happening you ask? Well the FSA (Financial Services Authority), are investigating Worldspreads in regards to 'accounting irregularities' with their clients money at potential risk.
The full bloomberg article can be found here:
In my opinion, be careful if you have an account with them... The best thing to do is get your money out right now while you still can before we see a mini MF Global happen in the city of London.