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IG has shown it's true colours and is restricting BUYING of AMC and GME


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Guest Omnishort

Very disappointing, and I will movie to another site once I find a good alternative. They actively despise and loathe their customers, just as I now actively despise and loathe them. Long term I will do my best to make people around me switch to other sites as well.

this restriction might also be illegal collusion and market manipulation on their part, and I will happily join a class action lawsuit.

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Haven't and won't trade in GME, but I'm incensed by this. I'm closing my account (not that they make it easy..) - there are plenty of other brokerages. Very disappointing, I liked IG. 

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4 hours ago, ChristianMike said:

Yet they allow you to SELL and close out your positions. What will that do to the overall market price of AMC and GME? Well obviously if we can only sell the the price will go down down, allowing these greedy hedge funds to exit their short positions without taking too much of a hit.

You have 2 choices, 1. Sell your shares back to the hedges, just like they want, or 2. Hold and watch them wet the bed, eventually having to buy at the price WE SET and us little guys make some money. 

Also, leave IG they don't deserve your business after this blatant act of market manipulation. 

This is truly disgusting behaviour to protect your hedge fund buddies. Shocking. I hope IG get investigated by the FCA

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Guest Disgusting behavior.

Disgusting behaviour from IG. Limiting stocks people bought with their own hard earned money. I am not borrowing stocks like some companies out that, I am buying it with my own hard earned money. 

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5 hours ago, ChristianMike said:

Yet they allow you to SELL and close out your positions. What will that do to the overall market price of AMC and GME? Well obviously if we can only sell the the price will go down down, allowing these greedy hedge funds to exit their short positions without taking too much of a hit.

You have 2 choices, 1. Sell your shares back to the hedges, just like they want, or 2. Hold and watch them wet the bed, eventually having to buy at the price WE SET and us little guys make some money. 

Also, leave IG they don't deserve your business after this blatant act of market manipulation. 

This is blatant market manipulation as you’ve said!!

I thought IG were one of the good ones (compared to IBKR who are bad nuts), and was literally just about to transfer a 500k trading account to them!

Edited by EmilyH
Removed bad language.
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3 hours ago, FFS_Daytrader said:

I agree to all the comments and also felt frustrated the platform online & App "conveniently"  went offline for 3 days on the trot exactly when the US opened.

We all know that Robinhood have had to reverse their restrictions/limits on deemed volatile stock so why has IG now decide to restrict retail investors - will probably get the same BS about protecting retail investors!!!

I am a bit pissed off with this constant rule changes against retail investors - EC ruling/higher margins/no Crypto dealing/restricted trading/even higher margins of 100% to name a few!!!!!!!!!!!!!1

I am looking for a new broker who will allow more fair dealing plus I want premarket trading and prepaid to pay a higher price for a better service!!

Does anybody know a broker who offers the above? is IB anygood?

IB are absolute criminals.

Can you believe what you’re hearing here???

 

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