Jump to content

Email from June


VJJHC

Recommended Posts

What a sorry excuse of an email. Not only does it take several days for this to be sent but It contains no valid reason as to why GME and AMC have been blocked. Having the ability to sell and yet not buy isn't explained at all. You are disrupting my buying and selling.

Maybe don't blame your platform for its short comings and do something about it.

I will be moving over to Degiro and HL for my ISA as they aren't blocking clients trades and I recommend others do the same.

I'm not angry IG I'm just disappointed.

  • Like 3
Link to comment

Apparently some platforms are saying it’s related to the increased amount of capital that is being demanded at clearing. Not sure if/how that would affect my share dealing account but it is. If it’s true that trading is restricted because there’s too much money required from IG as collateral in clearing it would surely raise a whole other set of questions. If false they have no reason to restrict trading surely?

Link to comment

I thought I would try IG again, but it is disappointing. When the markets moved very quickly before the weekend the IG platform crashed. The other platforms I use were seemingly unaffected by recent market turbulence. I can see no valid reason for stopping purchases of heavily traded shares when selling existing positions is allowed. The messages I receive from IG give me little reason to feel confident the platform will work properly when most needed.

Link to comment

Strangely I only got mine just a minute ago.

Utterly no different at all to the original Blog post about it. There is no "update" at all. There is no new information at all. It is merely the same **** but supposedly posted by someone with a C in their job title.

Still no TRUTHFUL information regarding the ban on buying, but we can still sell?

Does that make any sense to anyone, if indeed this is all about "not putting too much load on the PentiumII-286 server with 32Mb RAM we are running our servers on". Does BUYING somehow put additional strain on your poor, overworked, underpaid Co-Ax network that you appear to be running? More-so than selling does? I do not believe that for one second.

Still no information regarding how long this ban will last, and in the mean time the share price for all of us that hold stock continues to go down and we are unable to buy more stock at the inevitable lows. Tell me again. Who exactly does that benefit, except ONLY the over-extended HF's?

Can you understand the anger the confusion and lack of trust that this whole episode has instilled in us, your supposed existing customers?

 

Utter rubbish.

Edited by Deathers
  • Like 2
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
      20,019
    • Total Posts
      88,023
    • Total Members
      69,016
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Zeltuan
    Joined 28/09/22 08:19
  • Posts

    • Early Morning Call: Risk assets being beaten up again USD continues to benefit from the market edginess.     This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage:   Indices: Europe another lower start and new lower lows for the year for many markets apart from UKX, NKY and ASX200 FX: USD continues climb. GBP resumes drop as IMF warns UK govt about working against monetary policy. Watching Dax and EURUSD around German Cons Conf data Equities: Earnings – BOO H1. AAPL ditches iPhone production increase as demand drops – highlighting potential drop in Q3 earnings   Commods: Gold down at new 28mth low. Oil reversing Tuesday’s first gain in a near a week. BTC near 14wk low      
    • Selling resumed across Asian markets overnight, with the Nikkei losing 2% and the Kospi 3%, and other indices also dropping sharply again. The US 10-year Treasury yield has moved above 4% for the first time since 2010, as markets continued to price in additional US rate rises. The UK situation continues to provide concern, as the IMF waded in last night with a fairly blunt warning about the country's financial situation, and calling on the British government to consider reversing some of its tax cuts. Even US Treasury Secretary Janet Yellen said she was monitoring the situation in the UK very closely. US and European futures are down again, after a quieter day yesterday, and the focus is sure to remain on the outlook for more tightening of monetary policy by major central banks.   
×
×
  • Create New...