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Why do these spikes exist?


Guest Mark Groves

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Guest Mark Groves

Last year I lost loads on a AML spread because of a stop loss that was triggered by a one second spike. When I queried this I was told by IG that is was legitimate. Now I have seen many of these spikes all over the place and I dare say unsuspecting investors have been caught out. Again I have queried this with IG and have gotten nowhere.

I have recently bought some International Consolidated Airlines Group SA (LSE) but I wish I had waited until Monday 4th October because according to the daily price graph the share price dropped down to just above zero for a second.

If I had a stop loss in place I am sure it would have been triggered and there would be me selling ICA at 20p and some very happy punter buying them.

Without comment from IG I can only assume that here lies a scam for those in the know, think about it, and if any Netflix documentary film makers want to preempt the next financial market scam they would do well to look at this. 

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