4 votes

‘We have been lied to’ How customers of Football Index have lost faith after dividends reduction

Posted by Arsenal
Tags: dead link, trading, stock, football index, rights.consumer
https://www.101greatgoals.com/news/we-have-been-lied-to-how-customers-of-football-index-have-lost-faith-after-dividends-reduction/

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Published
Mar 6 2021
Word count
985 words

4 comments

  1. [4]
    Arsenal
    Link
    I had no idea this existed until I saw this article today. I'm not even going to pretend to know how the stocks/trading works, but the idea of people trading with only a name and nothing tangible...

    I had no idea this existed until I saw this article today. I'm not even going to pretend to know how the stocks/trading works, but the idea of people trading with only a name and nothing tangible does seem like a scam to me. I just feel sorry for all those who invested thousands into this scheme.

    1 vote
    1. [3]
      culturedleftfoot
      Link Parent
      I never got into it myself but as I understand it, it essentially isn't different from the stock market. Football, and more especially English football, seems to have an unhealthy relationship...

      I never got into it myself but as I understand it, it essentially isn't different from the stock market. Football, and more especially English football, seems to have an unhealthy relationship with gambling that goes mostly unnoticed. While I feel sorry for those who lost large sums, I also think you have to approach something like this knowing the whole thing going under is a real possibility.

      1. [2]
        skybrian
        Link Parent
        It seems to be a gambling website that pretends to be a stock market? Based on this article.

        It seems to be a gambling website that pretends to be a stock market? Based on this article.

        In September 2019, the U.K. advertising watchdog told Football Index to stop presenting its services as an investment opportunity rather than a gambling product as it upheld a complaint against the firm.