Financial Services Compensation Scheme


WorldSpreads went down the tubes in the middle of March, taking some supposedly segregated customer funds with it.  Now however those long suffering customers are finally starting to get at least some of their money back, albeit from The Financial Services Compensation Scheme rather than from the administrators of WorldSpreads. According to WorldSpreads customer Rav Shah:

More on Some WorldSpreads Clients Finally Get Some Of Their Money Back

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WorldSpreads are (or perhaps I should say were?) an AIM listed spread betting broker, famous in this part of the world for offering "zero spreads" on some popular instruments as long as you sent them £5000 up front.  This morning their website has taken on a whole new look. After an obviously hasty redesign over the weekend it now says:

More on Client Monies Go Missing at WorldSpreads

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