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Reply To: What I call Legal Gambling

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#713837
Anonymous
Inactive
artview wrote:
Now on another of your questions I had emailed them about a negative balance I had one day and this is the part of the email I got in response:

“In reply to your question about the negative revenue balance, the balance indicates the amount of revenue generated. If all your traders are closing their deals with a profit then this amount will drop and may fall below zero. In such a case you will receive zero commission that month (we do not ask for you to pay us anything) and your next month will begin from that negative balance. Please do not be alarmed by this – revenue rises and falls constantly!”.

WTF ?
:slapface:

How does the company lose money if one trader makes a profit? Surely the profit loss is between the two traders in question … and the company “clips the ticket” on each trade?

The only way I could see profits affecting your share – is if the company is actually stepping in to make the other trade .. and they’d be doing this because there is not enough liquidity in their market otherwise …
:help:

If THAT is the case then it sounds like the betting exchanges of old – you know the ones that eventually all fell over leaving clients out of pocket …
:bullshit:

artview wrote:
But hang tough and I’ll see if I can get these questions answered accurately.
Yes please … because it did sound like a reasonable affiliate scheme until that response
:eh: