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My interpretation (FWIW) is that a small number of winning clients get the money, and IG 'only' keeps the spreads. But if 70 - 80% of clients are long on a market (say), and they turn out to be right (copper, recently) then I don't see how IG could stop from losing money unless it put some kind of real trade on or fund the losses from money made elsewhere (in an underlying market where most clients were wrong) -
Interesting conversation about HOW IG operate. I have to agree with Larry trading here. IG always say they do not take the other side of the bet. BUT the fact is when you trade with them you are absolutely not in the real market, your money stays with 'Bank of IG' - so far as I am concerned if you lose they win and vice-versa. As Larry said you are placing a trade or a bet against the data feed that IG supply - that's it. There is no one on 'the other side' of your trade. The only time IG put it out to the real market is if their risk model requires that, i.e. everyone is taking one side, short or long. Again as Larry states we are NOT in the 'real market' we do not provide liquidity ! WHY should IG care about matching another client to the 'other side' of your retail trade ? They KNOW all retail traders lose anyway. If I place a 'long' trade on the DAX and lose when spread-betting, where is that loss going, WHERE EXACTLY ? It goes to IG, are you (Caseynotes) saying it goes to the other IG client taking an opposing trade, i.e. someone that went 'short' ? Bearing in mind 80% of retail traders at IG lose WHERE are all those losses going ? ANSWER: TO BANK OF IG. CaseyNotes says ' IG matches buyers to sellers' that's a nice 'theory' ...again all the money stays with IG as we, the spread bettors, are NOT in any real market at all. You mention CFD's above and how they correlate with SB but again CFDs are not the real market they (brokers) just copy (via data-feed) the cash and futures market. As you correctly say CFDs are taxable for the rest of Europe to trade with. I have not got a problem - like LarryBoy - about how IG operate, but as far as I am concerned Larry is right, all the trades when SB'ing stay with IG ONLY inc. all the trades / bets placed and monies stay with them. If you loose they win. End of. You can call that 'taking the other side of your trade' ... I personally do not, as it kind of implies that they are 'cheating' their Clients which they are not. Again they do not need to: ALL retail traders lose (80 - 90%). -
Hi there To close this off I was advised the Red Cross doesn’t necessarily mean anything.? For me it appeared at the end of every day alongside the company name, when the markets closed but became a green dot when the markets were open. As long as the Red Cross isn’t there on open market time it’s nothing to worry about. Still don’t understand why it’s there at all so maybe it’s not a good sign but IG feel it’s nothing I need to concern myself with. cheers.
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Chart window is opening, but there is no content within it. I have updated my Adobe Flash as per the instructions somewhere in the support pages. The charts still won't load though... any appropriate ways to fix this problem?
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