Trinitas Capital (IOM) owners of Betsfortraders.com have announced that they have sold their financial betting business to the Regents Market Group.

This means that the Betsfortraders website is now closing, and clients are being advised to claim their account balance from Betsfortraders and transfer to Betonmarkets.com who are now owned by Regent. The future of Betsortraders is unclear, although at this stage it appears that the site is simply going to vanish!

On one level this is good news for new punters, as Betonmarkets may start a bit of a promotional drive to help quickly grab those undecided clients leaving Betsfortraders. Both sites work in the same way, although Betonmarkets’ range of products and bet types is larger. For those who are thinking of dipping their toes in the world of fixed odds financials, Betonmarkets’ minimum deposit of £10 was quite an incentive over Betsfortraders £50 minimum (not that deposit minimums are the ‘be and end all’ of choosing your online broker). So, maybe this is not a great loss to the trading world – time will tell.

It does make you wonder what happens to websites when they are discarded, particularly those with advanced and very user friendly trading software. We may see it resurface re-branded in the future, although these things don’t usually happen over-night. Anyway, watch this space, and if you are wondering if there are going to be any choice promotions in the offing, check out Betonmarkets.