Originally Posted by
Maverick
Ive read it here that CMC markets have been suggested for "shorting". I wouldn't go near them with a barge pole, if it's not standard offering of theirs or with any meaningful amount of moola.
A few weeks ago I refired up my account with them (dormant from yonks ago when I dabbled in a bit of currency "gambling" - which is what it is.)with the view of leveraging to buy OCA .
Well ... long story short, they don't offer OCA but told me they would ,on 2 occasions and confirmed with an email, as long as it was over the phone. So I pop in 2k to trial the procedure.
They buy me OCA at $1.23 as agreed(that was the right price at the time), I find out the next day they bought me OCA in Aussy @ $1.23, not NZ at $1.23 , So I'm down 5%.
I phone them and they said they would reverse the trade, which they promptly did to their credit.
But this is where it got wierd, they then called me to say they don't , and won't, do OCA (after saying twice they would).
I then get an email saying they will close my account fully, as I am unsuitable? Say what???. In quite a harsh email I have been unceremoniously termited despite ALL of our conversations , to their poor English speaking call Center's, being very pleasant.
These guys clearly demonstrated through numerous conflicting story's they don't know what the heck they are up to, outside of standard procedure.
There is no way I would trust them with any substantial money, even for there standard offerings.
I have no doubt they willl refund the 2k in full but will be more than pleased to have my account shutdown by them.