Jump to content

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


Recommended Posts

1 hour ago, combi said:

Spread betting is designed for short period?,

This is a huge lie,, I was buying and selling AMC since 2014,, then I decided not to sell just hold.,

However there are contracted positions, some until May, some until September and so on.,

My positions are contracted as DFB, deffo not short period.,

Frustration?, Not really.,

This is not about to be frustrated because something is not going as I wish.,

This is about IG forcing us to close our positions before the contracted date.,

And here, They forcing me/ us into financial loss.,

I am willing to leave my positions open until last dealing date and if until then share price doesnt move up, Ok, my fault.,

Well yeah of course it is. Because you incur the financing costs on a DFB so you’re leaking about 3% per annum on the notional value straight away. And it encourages you to use leverage on a stock with high volatility.. it’s capable of going up ten fold or falling 90%. That sort of drawdown wipes you out if you’re using leverage. Plus as well you have counter party risks which you don’t have when you own the physical asset, something which you seem to be refusing to acknowledge even exist.

 

Why not just buy the stock and forget about it if it’s a long term hold and avoid all these issues. Spread betting is for taking a punt on short term direction 

Link to post
  • Replies 181
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

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 thes

It's pretty obvious who they are looking out for and it's not their customers. Time to shop around.

Would love to hear from IG on this. If it's a clearing house issue why not restrict BOTH BUYING AND SELLING, wait for the clearing house to catch up, tap credit whatever needs to be done. But only all

Posted Images

Wasn't in AMC or Gamestop but got the message on my account, that IG were manipulating market to sells only, was truly disgusted, under the guise of market volatility! Yeah right they have coped with Financial Crash, surprise US elections, Brexit results etc. 

My suspicion would be someone very important at IG, so board member had an interest with a hedge fund that was short.  

Would like IG at the very least to advise if any board members were short or had any financial connection to hedge funds that did. 

IG silence is deafening were not idiots and know when we are being sold BS! No ones buying their original statement. 

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      15,416
    • Total Posts
      73,943
    • Total Members
      62,332
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Dilman
    Joined 17/06/21 05:01
  • Posts

    • When there's no volatility and very limited price action in the forex market what does a trader do? Are the only solutions/options: Risk more capital Use more leverage if possible Extend your trading time, meaning hold your trades longer Any other ideas?
    • Here's a catchy tune to have in your head while you 'just buy the fekking dip'.     Push it!
    • Hi RFSmithers, Thanks for the tips... But when I searched for trusted "ECN" broker in Australia for CFD Index trading, IG Market is among the returned result! So with what you suggested and what the search result I got, IG Market seems to be still the one to stick with for CFD Index trading. Please note that, regarding the market trend is to be against your trade or not, from my experience so far, I think it is really up to you on when to enter the trade, for example: - if you enter the trade at the time when the market is flat with no trend, then it is just like you jump into the calm water and then you make the big splash which could be against yourself - if you enter the trade at the time when the market is on trending, where: if you enter against the trend, then you will be eaten alive from there - FULL STOP - Period; however if you enter on riding the trend, then you will be picking up the fruits along the way through...   So with the above, to summarise, it seems to me that (of course - correct me if wrong): 1) IG Market is still the trusted ECN broker in Australia for CFD Index trading 2) A trader needs to know when to enter the trade to ensure s/he to ride on the trend to pick fruits, but not to be eaten alive.   Cheers Victor           What do you think? Cheers.
×
×
  • Create New...