By DominicWalsh · Posted
By DominicWalsh · Posted
By DominicWalsh · Posted
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
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Question
superwi11
Hi,
I assume I'm not alone in having experienced some disastrous site crashes today (in fact looking at the forums I can see there are a number of people in the same boat).
Like it or not the GME event was a very significant event, both for the 'little guy' retail investors who took part and the corporate giants who were the real big hitters in it all.
When a trading site who is holding positions for you goes into complete meltdown you're literally losing money every second and stuck completely helpless as you watch hundreds/thousands of dollars slip by because the stupid site keeps coming up with errors, or shows that you have 0 positions and 0 orders even though you're logged in, and basically locks you out of trading for half an hour. It's one thing for the market to be stopped, it's another thing entirely to be completely unable to access your own account.
Is there a consequence for IG here? Is that a risk that we all signed up to legally, that even in an event where the fault is 100% on the trade-provider, IG is free of any responsibility and we just have to go with it?
Fuming.
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