IG Product Updates

How can IG call itself a trading platform if it doesn't allow trading? Surely it is breaking the trade descriptions act, amongst many other terms and conditions. Formal complaint being made.

Absolutely clear market manipulation as IG joins the ever growing list of brokers who have been directed to shore up the hedge funds who have been making billions out of shorting these stocks and are now finding out what it is like in a truly free market.  It was always clear that the brokers would have to take this action as they rely much more on the criminal activities of these funds, in which the brokers are fully complicit and have been for a long time.  Retail traders are not to be allowed to participate in a free market if it runs counter to huge funds or institutional investors, which survive on massive debt, facilitated by governments in thrall to these institutions.  We have seen time and again how the top 1% will be constantly allowed to use the markets as their personal wealth generators and will be bailed out using taxpayer money, thus creating no jeopardy in their huge and reckless bets.  However, when a group of motivated retail investors start organising themselves and acting like a fund then the elite close ranks to slap them down and keep them in their place. IG, and all the other brokers who have now started to criminally block our participation in a supposedly free market, under the guise of 'protecting' us from ourselves, (as if we know less than those operating funds with criminal insider information, or black edge, which has been exposed time and again), will not have to account for their actions as regulators are toothless and governments, especially the British government, rely absolutely on the money generated by these criminal enterprises. At no point at any stage in the future will IG or any other broker who is now acting in patently criminal ways, have to account for their actions.  This post will require moderator approval and therefore will never be seen but at least it has been said.

All this talking of moving brokers - are they not all the same and doing the same restrictions?

Are there any decent brokers out there who have not blocked trades and hiked margins?

Adding massive margins and closing positions? You have no issue with risk when it loses the consumer money but when there’s risk of losing your paymasters cash then suddenly it’s not okay? I’ll be closing my account t

is there anything we can do about ig blocking us from buying new amc stocks if not anyone no any other  platforms so i can transfer my funds and leave ig as i dont agree what they are doing 

I am not surprised, the 100% cover of a CFD position seams accepable. But stopping buys?
I cant see anything in the T&C that would allow this. 

I have already complained to the FCA, I recomend everyone else follows. I would also recomend a compalint to your MP & to John Glen the Economic Secretary. 

Some of the most blant market manipulation I have ever witnessed. 

7 hours ago, Whiskyteats said:

So if I were cover 100% of my opening CFD position, there should be no chance of getting margin called, or positions automatically closed, right?

Well looking at what happened with Robinhood I wouldnt bank on it.
I have heard of lots of positions being automaticly sold, at the very bottom of the daily market. 

Fairly straightforward what is happening here  - from the SEC investor.gov page:

 

Market Manipulation

Market manipulation is when someone artificially affects the supply or demand for a security (for example, causing stock prices to rise or to fall dramatically).

Market manipulation may involve techniques including:

• Spreading false or misleading information about a company;
• Engaging in a series of transactions to make a security appear more actively traded; and
• Rigging quotes, prices, or trades to make it look like there is more or less demand for a security than is the case.

I AM an existing customer, which is why I have an account with you.

Blocking stocks is pure market manipulation and nothing to do with protecting customers.

If you want to protect us, let us trade freely on volatile stocks we KNOW are putting our own capital at risk - else there will be a floodgate of people moving money and accounts away from your platform.

You are not financial advisors.

So much for the free market. Look forward to your lawsuit.

My fellow investors,

this sort of behaviour by IG seems like a key indicator they are biased in the current climate, they are most likely working with the hedgefunders to sell your information when you make trades so that they have inside information to move against you.

this is my speculative opinion only however if the shoe fits....

i’ll be moving away form this platform after I have closed my position on this stock 

 

shame on you IG

I would like to close my account with IG. How do I move my stocks to a different broker?

Changing the terms of a trade for people who hold already hold stock is, at best, incredibly poor business practice and at worse, a counter to your own ToS.

If the major concern here is traffic and system stability, the most logical adjustment would be to disallow new accounts to trade in GME, AMC and others whilst leaving existing accounts to trade normally.

Considering the rule changes for volatile stocks, we can only conclude that either IG is worried about massive payouts or the big boys have called up and demanded the changes.

P.S, you might want to update your misleading advertising.

If I don't get rich of GME I'm getting rich of suing you.

IG should have more clear statement. This vague saying just implies they may have liquidity issue 

I'd rather find another platform. I LOST TRUST ON IG ! 

 

DISGUSTING IG!!!!!!!!!!!!!!!!!!

need clearer statement.

do you have liquidity issue like Robinhood ?

so my asset is at risk in your platform?

should I consider switch to other platform ?

I hope the hedge fund that heavily shorted these stock go under and any brokers supporting this illegal behaviour are heavily penalized. The rules are there for all of us, not just for the small retail investor. Institutional investors shouldn't have different rules that they make up as they see fit.

"....in order to prioritise the service we give our existing clients...."

Dear IG,

As this decision does not prioratise our interests as clients of IG buying shares in GME and/ or AMC... which clients are you referring to?

We are here to risk our money as we see fit.

We expect to be able to buy stocks OUTRIGHT with the MONEY WE HAVE DEPOSITED in YOUR account.

You may be able to stop lending us your money to prevent us buying on margin, but now you are activly preventing us from trading an unrestricted share of stock on an open market for your own financial benefit.

Not to mention you aspire to protect criminals from the consequesnses of their poor investment choices, and you are prepared to lock your customers out of potential profits to do it.

Not that I understand any of this of course, I am a degenerate retard, you have to be way dumber than me to make sense of this.

For those who want to trade GME stocks I can recommend DeGiro. For UK customers you will be based with an Irish account manager where the default currency is €. After changing your currency you will be able to trade in pounds. 

It is an execution-only broker that charges per operation. They don't offer CFDs/Spread-betting nor ISA accounts. 

They even have an API available for share dealing. 

Unfair!!!!!!!!!!!!!!!!!!!!

An interesting position, does this mean that the underlying liquidity position of IG is in question if people were to  continue to purchase these stocks? I sthere something you are not telling us IG ?

Guess I will need to move my portfolio to a reputable broker now. Which "clients" are you protecting?

Once the dust settles, I will be moving my portfolio to a broker that didn’t do what you did. I encourage everyone else to do the same.

If you feel let down by these IG moves, then close your accounts.

It will happen (is happening) to RobinHood and the UK customers need to also take a stance.

15 hours ago, FFS_Daytrader said:

All this talking of moving brokers - are they not all the same and doing the same restrictions?

Are there any decent brokers out there who have not blocked trades and hiked margins?

I understand Revolut to not have interrupted trading in the UK. There may be others.

I understand (but not agree with) increasing the margin requirements if there is a liquidity issue, but not allowing buying in non-margined accounts? Please explain IG!