Jump to content

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


Recommended Posts

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.

Link to comment

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. 

Link to comment
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

Link to comment
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. 

Link to comment
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.
  • Like 1
Link to comment
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???

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
      20,043
    • Total Posts
      88,063
    • Total Members
      69,036
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    sh3vu2
    Joined 29/09/22 13:35
  • Posts

    • Hi @HYDROCARBON Your requests have been submitted. Thank youAll the best - MongiIG
    • BRENT CRUDE OIL (LCOC1) TALKING POINTS Demand-side factors continue to dominate. Will OPEC trim supply again? BRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil rallied yesterday on the back of a weaker U.S. dollar coupled with a notable decrease in U.S. crude oil stockpiles as revealed in the EIA weekly report. This morning has seen a resumption of the downward trend as the dollar is bid once more, making yesterday’s move largely attributed to oversold levels as well as quarter-end rebalancing. Markets are still focused on demand destruction and a global recession as opposed to supply-side concerns. Full article: Sep 29, 2022 | DailyFX Warren Venketas, Analyst
×
×
  • Create New...