Trading restrictions on GameStop and AMC

[Gandolf]

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?

Edited January 30, 2021 by Gandolf

[VJJHC]

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

 

 

 

 

[Gandolf]

Great, thanks for sharing the template and link!

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

[PaulCz]

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

[Twerkingcat]

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!

[mei2020]

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

[mei2020]

35 minutes ago, 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.

we definitively should take them to the FCA!

[mei2020]

46 minutes ago, PaulCz said:

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

would be helpful if you could share the complain letter as model, so we can all follow too, thanks

[Rakazool]

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

Edited January 30, 2021 by Rakazool

[Whisper]

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 January 30, 2021 by Whisper

[Guest lalalalala]

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

[Guest lalalalala]

If they start selling for people like RobinHood did it's gonna be an interesting experience. 

[CharlotteIG]

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?

 

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

 

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