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Trading restrictions on GameStop and AMC


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This is unacceptable. illegal.

Both Robinhood and T212 tried this and they failed. all the user base is leaving after this week.

I thought IG incorruptible platform. GME showed which platforms to trust and which to avoid.

 

Edited by Whisper
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On 30/01/2021 at 15:32, Gandolf said:

Received an email from IG that they restrict buying these stocks.

 

 

Why is it not allowed (other than it hurts big boys)?

Market is volatile but still you're allowed to trade other stocks and even close out if you own these stocks but just can't buy them.  Is it even legal to restrict retail traders arbitrarily?

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On 30/01/2021 at 15:49, VJJHC said:

Trading 212 tried this the other day too. I have complained and suggest others do the same.

Here is a link to a letter outlining what FCA rules they are breaking.

Makes me want to hold even more due to this shady practice.

https://www.reddit.com/r/Trading212ActionGroup?utm_medium=android_app&utm_source=share

 

 

 

 

 

On 30/01/2021 at 15:52, Gandolf said:

Great, thanks for sharing the template and link!

We really need to take this to FCA to stop the market manipulation by these platforms.

 

On 30/01/2021 at 16:01, PaulCz said:

I've submitted a complaint to the abuse team at FCA. I suggest everyone effected does the same for visibility.

 

On 30/01/2021 at 16:14, Twerkingcat said:

VJJHC, thanks for the great link! I am very not happy with IG. Does anyone know which broker still allows unrestricted GME trading?

PS. HOLDING now matter what!

 

On 30/01/2021 at 16:27, mei2020 said:

this makes me want to HOLD those stocks, hopefully they can't force people to sell.... yet

 

On 30/01/2021 at 17:04, Rakazool said:

Disappointing... I was willing to put up with the platform crashes.

 

On 30/01/2021 at 17:09, Whisper said:

This is unacceptable. illegal.

Both Robinhood and T212 tried this and they failed. all the user base is leaving after this week.

I thought IG incorruptible platform. GME showed which platforms to trust and which to avoid.

 

 

On 30/01/2021 at 18:47, Guest lalalalala said:

Anyone who wants to use something else that lets you currently buy GME: STAKE

 
Whilst the purpose of Community is to connect like minded clients who want to discuss the financial markets, IG news, and ask questions in the support part of our forum, we will be running a Q&A today from 10:00 until 13:00 GMT. You can submit your questions now on the following post.
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