[RAGING]
I am absolutely livid with CMC Markets at the moment.
Unbeknown to me, they have started charging commissions.
They didn't tell me about this.
I spent £170 on commissions on Friday.
So not only do I have to deal with a spread I have to deal with a commission that they didn't even warn me about.
Morning update:
I am back in the game - CMC have said that fixed risk accounts are not subject to commissions and therefore I will be issued a refund.
However that did not stop me from making a horror show in BAY this morning :(
Afternoon update:
These guys are unbelievable. It now seems I will in fact be charged commissions for trading through CMC.
According to the nervous posh guy on the phone, there was a technical error with my account and it wasn't put onto the automated commission system. I mean come on, have you ever heard of such a thing? These accounts are all automated, there isn't a human sitting at a desk going "Oh yeah, wait a minute I haven't put him on the 'let's lose his money' list yet". Unreal.
My initial question was this: If the system is automated, then why am I paying commissions? Why does anyone pay a commission for a CFD - there aren't any brokers going out to the floor to get you the ticket at the best price are there? CMC Markets is really just a bookies at the end of the day.
The longer you trade, the more you realise that honesty, fair execution and reliability do not exist in any way on the contractor or brokerage side.
CMC Markets are looking set to join III in the shallow grave. I can't keep giving these crooks my business.
Unbeknown to me, they have started charging commissions.
They didn't tell me about this.
I spent £170 on commissions on Friday.
So not only do I have to deal with a spread I have to deal with a commission that they didn't even warn me about.
Morning update:
I am back in the game - CMC have said that fixed risk accounts are not subject to commissions and therefore I will be issued a refund.
However that did not stop me from making a horror show in BAY this morning :(
Afternoon update:
These guys are unbelievable. It now seems I will in fact be charged commissions for trading through CMC.
According to the nervous posh guy on the phone, there was a technical error with my account and it wasn't put onto the automated commission system. I mean come on, have you ever heard of such a thing? These accounts are all automated, there isn't a human sitting at a desk going "Oh yeah, wait a minute I haven't put him on the 'let's lose his money' list yet". Unreal.
My initial question was this: If the system is automated, then why am I paying commissions? Why does anyone pay a commission for a CFD - there aren't any brokers going out to the floor to get you the ticket at the best price are there? CMC Markets is really just a bookies at the end of the day.
The longer you trade, the more you realise that honesty, fair execution and reliability do not exist in any way on the contractor or brokerage side.
CMC Markets are looking set to join III in the shallow grave. I can't keep giving these crooks my business.
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