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The Financial Times often refers to spread betting companies as 'debt collection agencies with a side interest in trading'. Emptying the accounts of users and t
by joosters 10y ago
The Financial Times often refers to spread betting companies as 'debt collection agencies with a side interest in trading'. Emptying the accounts of users and then collecting the additional money owed is what these companies do. Then they use some of the profits to advertise for new customers to continue the cycle...
- mollmerx 10y agoI'm an avid FT reader and like that description, but have never seen it before. Any chance you can provide a reference?
- osullivj 10y agoSuggest Alphaville's coverage of Plus500: http://ftalphaville.ft.com/tag/plus500/ http://ftalphaville.ft.com/tag/plus500/
- joosters 10y agoYes, I should have really said FT Alphaville rather than just the FT, it has a slightly less serious tone than the main paper, but equally informative and has some quality in-depth articles. The Plus500 coverage is very good, for instance.