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Ransquawk/Talking-Forex


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Ransquawk/Talking-Forex

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  #1 (permalink)
Legendary Market Wizard
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Hey Guys,

I use Ransquawk/Talking-Forex for live news feed. They are very good. Here is my problem. Every month for the last few my payment to them has been denied. The bank claims that it is a Visa card issue due to the offshore nature of the transaction. Never an issue over the last two years until May or June.

So the bank claims it is Visa and there is NOTHING I can do except call each month to re-authorize the transaction. What happens is that I get an e-mail telling me payment was rejected. If I get on it ritht that second I still lose two or three days of news feed...which means trade deaf or don't trade.

Does this happen to anyone else that is using Rans or Talking Forex? I can not believe that all US customers are forced through this each month. Does anyone have any ideas to remedy this issue? DB

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If I understand correctly, Ransquawk owns Talking Forex. Am I right?

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For those having problems with Ransquawk, might consider



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Big Mike View Post
If I understand correctly, Ransquawk owns Talking Forex. Am I right?

Mike

Yes. One could look at RANsquawk as the service used by institutions, whereas Talking FX is the smaller sister appealing to retail customers.

I would say that the main market moving events are reported by both services.

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A couple of days ago I received this by Talking Forex



Up until now, I had been paying 20 GBP (~25 USD) per month for a real-time audio feed and access to their text feed as well.

Even as they raised prices to 30 GBP/month I was kept on my old price as regular customer, which was nice.


However, they had started removing bits of their services over the last year or so.

For instance, in their economic releases calendar for the day, many releases included a range (Low/High) as well as the expected figures, but they gradually phased that off.




They also used to have a direct feed to events such as ECB conferences. They advertised that as free (i.e. included with my subscription) but after a few months they moved it to the more premium RANsquawk service.


Now they've got to the point where the single most valuable service, i.e. a real-time audio feed, is no longer on the table.

Needless to say, I cancelled my subscription. I liked the guys, they were always very professional in delivering the news and economic releases, but I found no justification in the change of service. Plus, I'm not willing to pay 75 GBP a month (that would be the 75% discount on the RANsquawk fee which is 300 GBP) for a service I had been paying 20/month - I consider that a bit of a rip off.

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when news brakes is it filtered ..meaning the moderator tell you what to do with it, or is it in time to trade on it. an example of filter news would be U.S. is bombing North Korea ..SELL .. fed cuts interest rates ..buy..

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when news brakes is it filtered ..meaning the moderator tell you what to do with it, or is it in time to trade on it. an example of filter news would be U.S. is bombing North Korea ..SELL .. fed cuts interest rates ..buy..

Absolutely not. They do not provide buy/sell recommendations, which is why I liked them. They simply provide, on top of scheduled data releases, news that are likely to move markets. It's up to the trader to determine what to do.

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After having no sqwawk at all on thursday it has come back muffled and is now 1min 10 secs delayed. Absolute joke, missed out on the surprise data moves on Friday. Am fuming. They're useless.

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Due to the new delay of over 1 minute, constantly muffled voice feed, and absolutely no warning or feedback of the new downgrade in service I have cancelled my subscription.

Except they neither ransqwawk nor talking forex responded to my emails and then billed me at the end of December despite numerous requests to cancel my subscription.
Whatever is going on it has the smell of a scam so I would best avoid. I was lucky I used my credit card otherwise I would have been charged and would still be charged as they are not responding to any request to end the service.

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