Just some news form the brokers to keep you informed
According to emails going out from ETX Capital, they are changing the specifications on some of their futures contracts. Contract sizes will be changing for Commodity, Bonds and index products (details here).
The contracts will run alongside the new ones until 22nd May, after which the old contracts will remain open but only on a "Close only" basis, so no new contracts can be opened in them.
The new platform contract codes will have "." added to them so you can differentiate them from the old ones. Make sure your eyesight is up to scratch ;-)
Elsewhere, our colleagues at Finance Magnates have reported that the FCA have warned that ADS Securities has been the subject of fakers setting up entities in their name to entice traders to park money with them.
A firm named as Global Marketing Online Ltd has been running several websites including one www.ads-securities.com. The firm also claims to have an address in London's City area (Ludgate Hill).
It seems that this cloning theme is on the rise, so take extra care when looking at joining any brokers and if possible, confirm any weblinks or addresses via your local regulator.
