Where is World CFDs???

[CFD gangster]

I am still waiting on this broker to launch their CFDs section!!!! Any updates guys???

[Dauglas]

I am still waiting on this broker to launch their CFDs section!!!! Any updates guys???

I really don't understand what went wrong there!!! WorldSpreads was doing OK and I remember just a few months back that their clientele is increasing, they also have expanded to other countries, and were going to lauch WorldCFDs....All in a sudden They go BUST!!!

[Satan]

Just read this post and I would like to share it as I found it real true and says it all about WorldSpreads
The Definition:
“Window dressing” to make their balance sheet look good at the end of each quarter.

We have to ask ourselves first of all how and why a company like Worldspreads suddenly started to see losses in the last year.

Has the activity of window dressing been going on for the last two to three years?
This was not a problem created overnight or a one day job but a carefully planned HEIST!. I am not here to try and create a conspiracy theory but to try and get some facts straight. I have studied the balance sheet of Worldspreads now several times and within the last year they all most doubled the expenditure. Worldspreads has invested heavily in its IT systems as well as its mobile interface.
That explains it all doesn’t it............

THE MASSIVE PR STUNT TO ACCUMULATE BIG DEPOSITS:
1) OPEN 13 Branches all over the world to give us a Multinational Stage.
2) Hire a team of board members that have international presence.
3) Introduce zero spreads into the market- NO BROKER MAKES MONEY ON ZERO SPREADS. The Scheme was started exactly a year ago to show the general public that "We can still make money even by keeping zero spreads" all a part of the PR to accumulate massive deposits from clients in my humble opinion.
4) They advertised on Bloomberg to get the confidence of Traders.

A year later comes the fall:
The Statement is as below:

WorldSpreads said it would post a full- year loss after an “unusual pattern of client trading.”
Surely this would affect all of the brokers! Either that or all of the traders at Worldspreads are in the top 5% that win in the profession of trading.

“THIS IS NOT A FAILURE OF A COMPANY IT IS A FRAUD”

[Ralph Richard]

Just read this post and I would like to share it as I found it real true and says it all about WorldSpreads
The Definition:
“Window dressing” to make their balance sheet look good at the end of each quarter.

We have to ask ourselves first of all how and why a company like Worldspreads suddenly started to see losses in the last year.

Has the activity of window dressing been going on for the last two to three years?
This was not a problem created overnight or a one day job but a carefully planned HEIST!. I am not here to try and create a conspiracy theory but to try and get some facts straight. I have studied the balance sheet of Worldspreads now several times and within the last year they all most doubled the expenditure. Worldspreads has invested heavily in its IT systems as well as its mobile interface.
That explains it all doesn’t it............

THE MASSIVE PR STUNT TO ACCUMULATE BIG DEPOSITS:
1) OPEN 13 Branches all over the world to give us a Multinational Stage.
2) Hire a team of board members that have international presence.
3) Introduce zero spreads into the market- NO BROKER MAKES MONEY ON ZERO SPREADS. The Scheme was started exactly a year ago to show the general public that "We can still make money even by keeping zero spreads" all a part of the PR to accumulate massive deposits from clients in my humble opinion.
4) They advertised on Bloomberg to get the confidence of Traders.

A year later comes the fall:
The Statement is as below:

WorldSpreads said it would post a full- year loss after an “unusual pattern of client trading.”
Surely this would affect all of the brokers! Either that or all of the traders at Worldspreads are in the top 5% that win in the profession of trading.

“THIS IS NOT A FAILURE OF A COMPANY IT IS A FRAUD”

The financial Times has sought to describe the scandal surrounding the failed spread betting firm as accounting fraud.

The alleged accounting fraud has left £13m missing from its clients’ accounts reports the FT.

If this is the case we expect arrests to made soon.

No doubt, Ernst & Young, WorldSpreads’ auditor, will have to take a beating for signing off on annual accounts at a time when the alleged fraud was being carried out.
Conor Foley, chief executive, and Niall O’Kelly, financial director, left the company in haste last week. We are legally obliged to point out that neither has been accused of any wrongdoing.

[Ice Cube]

I just read that Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo written by congressional investigators. This is how these idiots play with our money until they get bust and then mention irregularities!!!

[Noah]

I am still waiting on this broker to launch their CFDs section!!!! Any updates guys???

WorldSpreads promised WorldCFDs and didn't deliver, but hey, you have CapitalCFDs delivered by CapitalSpreads