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Founded in 2000 by Conor and Michael Foley and Brian O’Neil, WorldSpreads is Ireland’s largest spread trading company – the company is listed on AIM and operates in several markets including Ireland and Britain. WorldSpreads is still one of the smaller spread betting providers but over the last 7 years has experienced rapid growth predominantly led by their attractive 1 point spreads on 6 of the most popular markets traded by investors.
The company has offices in London, Dublin, Malaysia, Greece and now also South Africa. WorldSpreads has partnerships with companies in Spain, Germany, Austria and Hungary and has its sights set on the Baltics, Serbia, Poland and Russia. Over 30 per cent of Worldspreads business currently (July 2009) originates from outside Ireland and the UK, compared to just 10pc last year. White labels include TwoWaySpreads.
Tags: world spreads, worldspreads
Posted on May 14th, 2009 at 5:09 pm
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3.5Advantages:
fast execution,
Disadvantages:
re-quotes and dealer referral can be a problem
My comparison is between speed of Capital spreads fills – which can be slooow – and Worldspreads – faster, but you may get requoted several points away from your original click at fast periods – and IG, who are quickest, though I have rarely traded the news with them so do not know what they are like at busy periods.
For a few weeks earlier this year I made some profits trading on Worldspreads, who as i stated above are faster to fill, but was then put on refer to dealer which put an end to the profits. Now I get quick fills with them some of the time, in slow trading periods, but they always monitor trades after major announcements. At least though they will offer you another price – albeit sometimes way different from the one you clicked on – rather than CS’s “price no longer valid” which means you have to start all over again and have no idea if the next trade will go through either.
Posted on September 2nd, 2009 at 1:07 pm
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4.3Advantages:
works on everything, good spreads, responsive support
Disadvantages:
small company?
I trade from the office where there are loads of limitations on what progs and site I can use. The only one I have found that works with our limited Java is Worldspreads. They have a simple system and as I trade FTSE Futures mainly now I like the fact that there is only a 1 point spread. They have also introduced some new graphs and they show movements from 1 tick right through to hours and it is quite good.
Posted on March 10th, 2010 at 4:49 am
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2Advantages:
good platform, fast execution, clear limiting system
Disadvantages:
very difficult to get your money back when you want it
I really liked twowayspreads platform (white label for worldspreads).
They also do a nice £250 back if you lose on your first few trades. However you try getting your money back when you want it! I requested a refund on 26th Feb, and they debited my trading account the same day. It is now 10th march and still nothing in my bank account. We are only talking hundreds of pounds so it should not be a major issue for their liquidity (I hope!). I have checked all the details with Twowayspreads, and checked and rechecked with my bank, but nothing. Twowayspreads say that t can take up to an incredible 15 working days to get your money, and that this has been a continual source of complaint and dissatisfaction amongst clients, yet they are doing nothing to change it. It all seems very weird as I can make payments from my own tiddly bank account to someone else’s and have the money arrive same or next day, so at best someone somewhere is having a bit of interest off all of the twoway traders who want their money back. Anyone else had problems??