Arrrggggghhh!

Help! Anyone out there a previous Nothing Ventured user? They've sold out to Fastrade and we've all been moved over to that site.

What a mess - this Fastrade site is crap. I'm so pissed off I can hardly type this message. NV was such a brilliant trading tool and now we've got this. What the hell are they playing at. Couldn't those numbskulls at Charlse Stanley see that the NV site was much superior to their own and use that instead and just stick their Fastrade badge onto it.

Any ex-NV users please let me know what your thoughts are today.

I intend to email this thread to Fastrade at the end of the day to let them know what we think - so please write down all you can about what you think of Fastrade.

Maybe, just maybe we can convince them to use the NV platform instead of of this junk, although it is a long shot and we will probably end up leaving in search of a better service.

In that respect please give recommendatios of other services you may have found which you feel are as good as NV.


LIST OF THOSE WISHING TO LEAVE FASTRADE:

1. Guy Sands

We always have a listening ear here on MoneyAM so what features are you missing and maybe we can help plug some gaps.

Mike

PS If you want to do this offline just email me: mike@moneyam.com

Not sure guy will look in much more after he was "literally hounded with complaints to the extent that [he] gave up there!".

On a thread with 18 posts.

Sensitive soul, eh?

As far as I can make out amongst the wildly over-the-top ranting, on the advfn thread that he's mostly decamped to, most of the N-V users want to have everything from one site - prices, research, news, trading, portfolio, alerts, watchlists etc.

Why this all has to be from one site, I have no idea - the combination of an online broker, plus this place or advfn would fulfil 99.9% of their needs, IMHO.

The reason for having all under one site is to save on the cost.At NV charges were 19.95 for quarter / 9.95 for any size trades / Super streaming (the best) not only for your fantasy list but also 100 FTSE companies (moneyam charges 50 a month for this service)and the whole list of winners & lossers of the day.Email alerts on any of your watch list alerts with any breaking news, not just the prices.They also had an excellent selection of panelist giving their market views.Let me tell you this mentioned features were just the toppings.You had to be subscribing to have appreciated the excellence of NV.By the way l'm also one of the disgruntled client of NV and to clarify ,things happened to fast for us to have had an opportunity to shop around and also fastrade don't allow you to try their site unless you subscibe(not free like moneyam).One would have thought that fastrade would have been on par with NV to have bought it in the first place!!!
Anyway l have already taken up the offer of share magazine 99 for 12 issues and free moneyam premium service for a year.I only have to find execution only broker now and l'll be reed of fastrade.

ATTTENTION ALL EX NOTHING-VENTURED CUSTOMERS!!

Catch up with the red hot NV -Fastrade debate at:

http://www.advfn.com/cmn/fbb/thread.php3?id=5083256


Also read my running email dialogue with Mac Anderson, head of e commerce at Charles Stanley, at:

http://www.advfn.com/cmn/fbb/thread.php3?id=5108266


Or if your staying with Fastrade, post your constructive criticism about the Fastrade site at:

http://www.advfn.com/cmn/fbb/thread.php3?id=5108266

Thanks Mike,

I am pasting a copy of your message over on ADVFN for others to see.

zzaxx-

you are a very strange creature who sees things in a most unusual way.

as you have got nothing to do with this issue why don't you go and play somewhere else instead.

maybe you should get out more and try to make some friends. I think some company would do you good.

this thread was started for serious reasons. it might seem like fun and games to you, but there are many investors and day traders who have been seriously impacted by this Fastrade balls-up.

Mike,

I would like to thank all at money.am for not barring me from your free BB service when I was posting the other threads to promote this one.

I have been accused of spamming but I was only trying to help myself and other ex NV customers by creating a place where we could exchange views and ideas to help us get through this awful situation we are in.

Unfortunately ADVFN were not so understanding and barred me under my original name. I thought this was a bit short sighted as there was possibly some benefit to them in allowing us to dicuss our options....

-- guysands,

You pissed in everyone's pool by thread-spamming here and on Advfn, and got justifiably banned over there - as you said yourself, you posted the same message on 100 separate threads.You've been caught out because you didn't have the wit to research the Fastrade platform before accepting the move, and now you're flailing around hysterically blaming everyone in sight for the problem. Newsflash: the Fastrade website it crap - it's always been crap, and 5 minutes of looking at the site would have shown you that it's nothing like N-V, and very inferior to many other sites. Newsflash: there was no way on earth they could have implemented the N-V system in the time that they had between the deal being set-up and the trasnfer happening - they're now talking about "early next year", which may itself be optimisticYou continue to bleat about the unfairness of the barring on advfn, and about your "hounding" here - you brought it on yourself, so tough!I've suggested a couple of brokers that you/other N-V customers might want to look at, despite the fact that you appear to be a prima donna dickhead.You continually attack people, who are sympathetic to your problem, if they don't attack Fastrade enough, even though it's patently obvious that the vast majority of the blame is with DurlacherIn short, up yours!

guysands,

well done, keep up the good work.we need more like you to sort this balls up by fastrade! you have my total vote.

zzaxx,

Thank you for your message, especially as it obviously took you lots of time to compose.

But my advice to you would still be - LET IT GO.

Move on and try to find some happiness somewhere.

Please do not post any more offensive messages - your are humiliating yourself and in danger of being barred too.

GS

Hamlins,

Thanks for your vote.

"in danger of being barred too"

By who, exactly?

Have to go now, after the 2 minutes to compose the last message, I have some imaginary friends to visit.

Well at last!

We get an email from Fastrade on Friday evening after 5 days of HELL to explain what has been going on.

So what are we told in this poorly worded, hastily composed email.

"We are delighted to say that well over 90% of all account transfers
went smoothly, and trading has been very active since day one"


Well apparently everything went very smoothly. We are told the majority of NV accounts were transferred without any problems and most of us simply began to trade merrily away on the Fastrade site.

Hmmm....

Alledgedly there were only a small number of us who had problems due to stock and cash transfer - but that was all Durlachers fault (so much for NV and Fastrade 'joining forces')

So NO apologies to those who lost due to the inability to trade. Well why should there be? It's not Fastrades fault.

Next the email goes on to boast about how good the Fastrade site is after just 10 weeks of development - compared with 4 years, which is how long those slow coachs at NV took -

"NV was an impressive site, and it took more than 4 years to
develop it -- while we have taken just 10 weeks to build ours. But in that
time we have re-created most of the functionality and added a superior
trading service"

Are we talking about the same thing??? I mean are you really expecting us to accept that Fastrade has 'most of the functionality' of NV. You must be JOKING!!! And a superior trading service? Well if a trading service is only about getting the best price, then maybe Fastrade has a chance - but unfortunately there is a lot more to sucessful trading than saving 20 on a 5000 deal because you were 0.5p cheaper on the offer.

The email goes on....

"Of course, most of the NV functionality was available
to you from the day that FasTrade Premier started"

....to repeat this claim.

I can only assume that Fastrade either doesn't know, or doesn't remember, or doesn't want to remember just HOW GOOD NV was. Regretably this will probably get worse as memories really do start to fade and the excellence of NV fades into the unknown...

Then we are told what the main priority really was:


"our first objective,in the re-build, was to ensure that you were provided with a fast, accurate,secure trading service on day one"

Well personally I wouldn't call that an objective. I'd call that a MINIMUM REQUIREMENT.

"within the time frame that we were allowed,and that is exactly what we have achieved"

Well done - you've achieved minimum requirement from day one. Those of us who actually had cash and stock and could navigate our way around your hideous website might have been able to perform some trades.

However, the reality is that all of us spent most of the week picking ourselves up off the floor after the incredible shock we experienced when we first logged on to the diabolical 'Fa$Tird'.

Unfortunately this email didn't reassure me one liitle bit. Or appease me.

When I tried to reconcile myself with the events of the week I found it was impossible to forget the broken promises.

Promises like:

"Nothing Ventured and FasTrade are joining forces, to bring you an even better service - FasTrade Premier"

and:

"Durlacher management believes that they have chosen the right partner to which to transfer your business"

It's a week later and I am more concerned now than before. I really have my doubts about the ability of Fastrade to create a service even as good as NV.

Why?

Because Fastrade don't even seem to realise what it was about NV which made it so great and as a result they believe they already half way there.

Re:- Nothing Ventured vs FasTrade I hope you keep this subject "warm" GS. I cannot but agree with most of your points in favour of the NV site. Have I missed something though, i.e. I have tried to find out if Subscribers, as myself, are going to be refunded our unused subscription! Until now, ZILCH!!!!!!!!!!!!!!

Been looking at the 'director buys' feature copied from the nothing-ventured website.

Thought I would test it with a company director buy which I know happened:


Eckoh Technologies PLC
13 October 2003


Eckoh Technologies plc (the 'Company')

Director Shareholding


The Company was today informed that, Mr Nik Philpot, a director of the Company,
purchased on 10 October 2003, 100,000 ordinary shares of 0.25p each in the
Company ('Ordinary Shares') at 14p per share.

Following this transaction, Mr Philpot has a beneficial interest in 2,282,861
Ordinary Shares, which represents approximately 0.9 per cent. of the Company's
issued ordinary share capital.


This information is provided by RNS
The company news service from the London Stock Exchange


Well as far as Fastrades 'Director Buy' tool is concerned the last director buy was on 6th December 2002!!!!

In fact there have been three more since then and none of them are mentioned.


Oh dear, oh dear......

It looks like not only is Fastrade a diabolical website but you can't even trust its research tools either.

It goes from bad to worse......

RTD has put on 10% today - but does it come up on the leader board on Fastrades super streaming like it would have with NV?

Does it heck.

Well done Fastrade: RTD is breaking out but because your research tools are so hopeless no one is any the wiser.

In the NV days I would have had Super Streaming set to 'All Stocks'-last 15 minutes. Then every nowand then I would click on refresh to see if anything was suddenly shooting up. That way I could see stocks which were suddenly breaking out or responding well to good news. It was excellent amd allowed you to quickly get on board rising stocks.

Not so with Fastrade.

What a load of bollocks.....

With the demise of Nothing Ventured I was approached recently by a former user who was looking for some software to replace the NV leaders board. He had spotted some sample screen shots that I had posted on a web site some months
previous of a system that I had developed for my own use. Although it does not have the capability of scanning the whole of the FTSE it is capable of tracking up to 200 user defined stocks in realtime and provides for automatic generation of alerts, breakouts, reversal signals etc

If anybody else is interested then drop me an e-mail through the Money AM e-mail system. I would mention that the system would only be of interest to serious traders that spend most of the day at their trading desks.

Anyone here using Fastrade these days, if so how do you find it for bigger trades and trading generally? i.e. over 30K in one trade.

Straight forward share dealing and not S.Betting and CFDs.

TTT

TTT