Blueindex (not recommeded): What they say:

Blue Index specialises in providing derivatives trading services to the independent experienced trader. Our objective is to enable our clients to achieve superior gains by trading the most innovative financial products available with support and advice if and when they need it.

In recent years Blue Index has attracted the attention of financial media giants CNBC, Bloomberg and the BBC. Our top traders regularly participate in live television and radio interviews, providing market views, commentary and analysis of the financial markets that is broadcast in over 40 countries.

As one of the first brokers to offer Contracts for Difference (CFDs), our clients have been able to benefit from falling stock prices in the UK, Europe, USA and Asia. CFDs are one of the most exciting products to enter the financial markets in many years, allowing our clients to take advantage of 'bullish' or 'bearish' markets.

Blue index is privately owned and fully independent. We provide you with an unbiased flexible service giving you as much or as little advice and support as you require. Blue Index decided from an early stage to delegate activities that are best handled by specialists to appropriate third parties. This has avoided the need for in-house back office systems and allows us to adopt a more focused, proactive approach. .

We offer execution only facilities as well as full service advisory accounts. Once your account is set up you will have a personal broker who will be available to you inside and outside market hours. Each broker has a limited number of clients and will be intimate with your account.

Blue index is authorised and regulated by the Financial Services Authority and is therefore required to adhere to the highest standards of conduct and business practices in the financial markets.

Company Profile

www.blueindex.co.uk

Telephone Number: 020 7398 2555

Address: Blue Index, 23-26 St Dunstan's Hill, London EC3R 8HN, United Kingdom

Margin: From 5% to 20%

Commission: No more than 0.5% (advisory service); negotiable

Minimum Initial Account Size: £10,000

Interest Charged on Long Positions: LIBOR + 1.5% (negotiable)

Interest Paid on Short Positions: LIBOR - 1.5%

CFDs Available: Any UK stock of over £30m market cap, US, European, Asian stocks & indices, gold

Other Derivatives Offered: Futures, options, forex, commodities, and precious metals

Automatic Trading Facilities: Stop losses, limit orders, OCOs, If-Dones

Online/Telephone Dealing: Yes

Advisory Service: Yes - full advisory & stock monitoring

Prices: Level I/Level II

Research Available: Technical & daily fundamental research

Trading Platform Features: Instantaneous execution, recommendations given via CNBC and Bloomberg TV

What we say about Blueindex.co.uk

Caution is advised if you intend to use Blueindex.co.uk. Blueindex have chosen not to participate in our questionnaire. We have been given the run-around claiming our questions were asking for very commercially sensitive information. Well, James I think clients have a right to know with whom they are dealing with and we think its bad enough when a new company is so cryptic about its public image.

Thinking about it, the only two questions which could have been asking for sensitive information were the following:

1.) 'You classify all clients as 'intermediate'; which indicates a certain degree of knowledge and experience on the clients' part. Why do you insist on this if this means that clients have to waive the protections provided for private customers? Does this mean that cfds are only suitable to professional traders?'

2.) 'We have seen that most of your adverts (example; your current sign-up promotion) relate trading to sensuality. Please comment.'