Jump to content

Lack of transparency


Guest giutor

Recommended Posts

Guest giutor

Hello,

 

I came to know about the minimum amount of £90 for buying US shares AFTER I opened the account. I based my choice on what I read here:

 

https://www.ig.com/uk/investments/share-dealing/costs-fees

 

The above limit IS NOT mentioned in the above page. 

 

How does a customer come to know about that limit BEFORE joining IG?

 

This is not truthful at all, rather I would say it's a DODGY behaviour...

 

Giutor

 

Link to comment

yes  and , lucky for you there are some excellent brokers operating out of Israel and Cyprus should you need them.

No I didn't know about minimum size either but not to worry, nothing lost hey.

 

See http://www.financemagnates.com/forex/bloggers/differentiating-good-bad-brokers/  to see how brokers have to operate to provide a service and stay solvent, personally I wouldn't persevere if I was dissatisfied, good luck.

Link to comment

Hi   Fair point, of coarse you haven't actually lost anything and now you are better informed when you contact other brokers and know what questions to ask. I would be interested to know if you have found how other brokers approach this, IG doesn't do micro lots as do some brokers and given that the US prefer a hefty individual share value I suspect many other brokers don't offer US shares at all. All brokers have a minimum on all instruments which often relates to the volume of through put, less traded instruments (as US shares traded in the UK would be) are going to attract a higher minimum.

 

 

 

I would encourage anyone to look at the 'good broker, bad broker' article, it is very informative.

 

goodbad.PNG

 

 

Link to comment
Guest giutor

My topic is clearly entitled: "LACK OF TRANSPARENCY".

 

That minimum amount MUST be stated somewhere for the customer to know all the pros and cons before joining. This is a dodgy behaviour.

 

You keep trying to deviate the post.

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      23,076
    • Total Posts
      95,532
    • Total Members
      43,696
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    moose
    Joined 05/10/23 00:10
  • Posts

    • Summary: Still expecting another low for indices, the current move up part of a corrective rally. Normally I look for indices lead from stocks, however some stocks are displaying strength and some weakness so this mix bag is showing up in the Nasdaq 100 pattern as a probable wave four triangle at the current low. Trading Strategies: Nil Video Chapters 00:00 SP 500 (SPX)  05:02 NASDAQ (NDX) 08:26 Russell 2000 (RUT) 10:43 DAX 40 (DAX) 16:07 FTSE 100 UKX (UK100) 22:15 ASX 200 (XJO) 38:47 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   Access Trial  
    • A lot of transformation is happening to BNB at the moment with the integration of bitcoin lightning network and Optimism especially with opBNB birth but that has not reflected in users confidence primarily because of the many negativities surrounding the platforms operations in North America and Australia. BGB on the other is gaining traction and value because a lot of investment is going into the development of the ecosystem recently with the injection of $100M and also improved partnership deals
    • I know we still have a lot to do to attract massive crypto adoption but steps like those taken by Binance and bitget in the wake of what happened to FTX is commendable in righting the wrongs of the lapses and loopholes that exist pre-FTX saga. But more still needs to be done to restore confidence to the level it was pre-2020 bear market like consistent regulatory framework and regular security updates by crypto platforms
×
×
  • Create New...
us