thought I would start this thread as I have spent 3 years learning how to successfully trade. 6 months with Finspreads and the rest with CMC or Deal 4 Free as they were known.

For most of that time I didn't make any money and lined the pockets of CMC although not to a great extent...Risk management was always my good point. The past few months I have made money scalping little bits here and there and recently have started to make a reasonable amount of money. Until today that is ...CMC have now decided to hold all my tickets regardless of stake size making it impossible for me to carry on.

Would I have been better off not bothering with CMC in the first place and learning to trade another way with another Spread betting company?

According to CMC 50% of their SB customers are winners although they refuse to provide any evidence of this...I think it is more like 90% are losers. Has anyone any evidence of the percentage of winners/losers?

CMC say they are happy for me to carry on scalping as long as they check there is the volume in the market when I trade. So if there is only 5000 shares in the market at a given price for example I can't have it...they say only customers who are consistently staying longer in a bet can have their prices. I think this sucks.

I am told that they are referring my trades against volume in the market because they cannot hedge my trades. It makes no difference at all as they cannot hedge them anyway. They probably only hedge once or twice a day so holding my tickets can only serve to stop me trading and will not help their hedging.

Other traders have come cross this problem with CMC so what is the answer? Many have a longer term trading method yet they still find that once they start to make 'decent' money cmc just hold tickets to put them off trading. The question has to be; Can you be a winner with CMC or just a loser?

Is anyone actually making 'real' money with CMC or is everyone who intends to make money out of trading better off using another company from scratch?
Let me know your experiences and what you think. In the meantime I have to start again because I cannot trade when tickets hang for 30 seconds each time.
Di

And there was me thinking of opening an account with CMC!

KD.

10 Years on and we have the IPO.

I have been offered to take up optıon. Sweetner thrown ın of extra shares.

Not botherıng though.

The impression I get from a lot of IPO's recently is that unless your an employee for instance their are only a few benefits.

Generally better to let it get trading and see how the SP does.