1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

forex program

Discussion in 'General Forex Talk' started by thomas chapman, Jun 29, 2009.

  1. thomas chapman

    thomas chapman Recruit

    Joined:
    Jun 28, 2009
    Messages:
    2
    Likes Received:
    0
    can anybody give me some info about a uk company called trade spread bets who say they will trade for you with an american company called baron forex i am new to all of this so please be gentle this is my first post.
    tom
     
  2. Nancy Cheah

    Nancy Cheah Sergeant

    Joined:
    Apr 10, 2009
    Messages:
    157
    Likes Received:
    2
    Sorry, I don't believe in free lunch.
     
    #2 Nancy Cheah, Jun 29, 2009
    Last edited: Sep 5, 2011
  3. thomas chapman

    thomas chapman Recruit

    Joined:
    Jun 28, 2009
    Messages:
    2
    Likes Received:
    0
    forex

    thanks but it did not answer my questions
    tom
     
  4. Stony

    Stony Sergeant

    Joined:
    Mar 21, 2009
    Messages:
    167
    Likes Received:
    2
    Stay away!

    The website of tradespreadbets looks very suspicious, much sales drumming, little serious content. I never would trade with a broker that you have to pay fixed fees to.

    BaronForex is registered in Belize, which means no strict regulations, no way to get your money back in case of fraud etc. Look for a serious broker under European or US regulation.

    Regards, Stony
     
  5. Nancy Cheah

    Nancy Cheah Sergeant

    Joined:
    Apr 10, 2009
    Messages:
    157
    Likes Received:
    2
    Hey, don't you get my point?

    I was pointing to a direction which said, "back down from it".

    Regards.
     
    #5 Nancy Cheah, Jun 30, 2009
    Last edited: Sep 5, 2011
  6. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,657
    Likes Received:
    2,202
    If they "trade for you", that means they will manage your forex account. That means you have to trust them AND trust the broker.
     
  7. Nancy Cheah

    Nancy Cheah Sergeant

    Joined:
    Apr 10, 2009
    Messages:
    157
    Likes Received:
    2
    I'd say that it's something like when you lose, you bear full and total responsibility but when you win, they've a cut.

    Beware once again I'd say when it comes to the "free lunch" kind of thing.
     
    #7 Nancy Cheah, Jun 30, 2009
    Last edited: Sep 5, 2011
  8. pickles

    pickles Recruit

    Joined:
    Jul 10, 2009
    Messages:
    1
    Likes Received:
    0
    The site looks very applealing but if we look deeper I think it offers some clues. I am not dismissing the claims but however the process I think is unique on how this is done.

    The first clue we all find is baron forex. Now on there site under forex signals you can get some free with a new account. The first partnership signals seems like the same that tradespreadbets is offering.


    I think what these guys have done is automated the process for you instead of having the trades send via email.


    Has anyone talked to the gentleman Mark Rood. From googling his name it looks like he was involved in horse racing picks in the past.

    Not that this doesn't work but again I believe it is someone who is taking information and passing it along to the end-user and having the whole process automated.

    Hope this helps a bit.


    Also if you go under whois, the website owner is Niclas Sundqvist. Now through another link Mark has his site on facebook and under his friends Niclas is listed.

    Man I got too much time on my hands or I should be a researcher, LOL

    Hope this helps Guys

    Pickles
     

Share This Page