By CryptoSaint · Posted
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
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Question
ToffAppleton
I’ve been with IG for 4 years and I’m a regular trader. I’ve made 325 trades in the past 12 months on my share dealing account.
Everything worked well until I placed a good til canceled limit order last Friday. The order was filled the following Monday but part of the order stayed on the system. It didn’t execute but it took four days and endless hours of phone calls before it was finally removed yesterday.
This wouldn’t have bothered me, but an unsettled cash debit for this order has been taken from my cash account balance. They have taken money for a trade that doesn’t exist.
i accept technical issues happen and this was a system error, but what I can’t accept is their inability and length of time they’re taking to put things rights and pay the money back into my account. This incident has really shaken my faith in IG - the bond of trust between client and provider has been broken.
Has anyone else on here had a similar experience?
and if so how long did it take to resolve?
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