Jump to content
  • 0

The new Terms & Conditions, any clue???


Tri

Question

IG has come up with new T&C for using their services. Every time I log in , the screen shows the count down to the time I have to accept those.

 

Every large organisation , when they change their T&C they send you a brief outline of what the majour changes are.

All, but IG. No attempt to clarify what has been changed and why.

IG is very amateurish in this and most aspects. Can't they do a better job, than just mug our money?

 

And will happen if I don't accept the changes? Will I not be able to log in, or my account deleted and my money scooped away and shoved in IG bosses pockets, or what???

 

Accepting the changes means nothing in practice. We click and that is. Who is going to read tons of pages of small print, conflicting with each other terms, only made to protect IG but none to protect the customer? Basically, so far I see it, T&C say that IG can do anything at any time and traders have no recourse to anything but just pay up or else.

So what are the changes, mods???

Link to comment

2 answers to this question

Recommended Posts

Hi   Not that much has changed from the version you signed on join-up. What is different is in bold print so you can skim through. Mostly just re-wording to make clearer your responsibility re; margin requirements, use of third party data providers, up-dating contact details. I think the bit about recording all comms with client is new.

 

Any-one spot anything else?

Link to comment

Hi - thanks for your message, and also for  additional post. 

 

We have recently made some changes to our customer agreement and privacy policy. We email clients giving an overview of these changes, however for convenience I have included the quoted text below. As with any query or question you have, or if you’d like to receive a copy of your existing terms, please contact our customer service team. They’re available 24 hours a day from 8am Sunday to 10pm Friday, and 9am to 5pm Saturday. 

 

______________

 

We’re making some changes to your customer agreements (‘agreements’) and privacy notice, which you’ll need to accept by 31 October in order to continue trading with us.To accept the changes now, login to either My IG or the IG Trading app. Or read on for a rundown of what’s changing, and why.

Please be aware that as of 31 October, you won’t be able to place any new trades unless you’ve accepted the new agreements and privacy notice.


What’s changing?
We’re making changes to all our customer agreements – the documents that govern our relationship with you, and all of the contracts and transactions you enter into with us. We’re doing this in order to:


• Make the agreements clearer and easier to understand
• Provide for new systems, services and technology we have introduced
• Reflect changes in applicable regulations
• Reflect changes in how we do business


These changes apply to all our agreements, covering our full product offering and all of the account types you hold with IG. You’ll need to accept the new agreement for each account type that you hold with us. Beyond that, there are a few specific changes that you should be aware of:


• We’ve updated our dealing procedures and reporting provisions
• We’ve clarified the circumstances in which you may be in default of our customer agreements
• We’ve changed the provisions on what we are allowed to do with the money we hold on your behalf (client money)
• We’ve amended what we are liable for, particularly in relation to third parties
• We’ve updated the commitments you make each time you trade with us, in relation to your actions and how you use our services


Finally, if you trade with IG using a leveraged account, then your expiry positions will now automatically roll over by default – unless you’ve told us otherwise. You can view the new agreements in full on our website. For any new accounts you open, you’ll also need to accept the new agreements.


Privacy notice
We’ve also updated our privacy notice, which governs our management of your personal information, to be more transparent and provide you with more disclosure. You’ll need to accept the new privacy notice along with your agreements.

 

If you’ve requested not to receive marketing communications from us, then accepting the new privacy notice won’t reverse that – you’ll remain opted out. You can view the updated policy here.

Link to comment

Archived

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

  • image.png

  • Posts

    • COST Elliott Wave Analysis Trading Lounge Daily Chart, Costco Wholesale Corp., (COST) Daily Chart COST Elliott Wave Technical Analysis FUNCTION: Counter Trend   MODE: Corrective STRUCTURE: ZigZag POSITION: Wave A.   DIRECTION: Downside in wave A.   DETAILS: The upside seems completed, looking for a correction in what could have been a top in wave (5) or wave 1 of (5).   COST Elliott Wave Analysis Trading Lounge 4Hr Chart, Costco Wholesale Corp., (COST) 4Hr Chart COST Elliott Wave Technical Analysis FUNCTION: Counter Trend   MODE: Corrective STRUCTURE: ZigZag POSITION: Wave {i} DIRECTION: Bottom in wave {i}. DETAILS: Looking for a bottom in wave {i} to then pullback and continue lower into at least one more leg lower in what could be either wave {iii} or some sort of wave C. Welcome to our latest Elliott Wave analysis for Costco Wholesale Corp. (COST). This analysis provides an in-depth look at COST's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on COST's market behavior.   * COST Elliott Wave Technical Analysis – Daily Chart* The daily chart suggests that the upside move appears to be completed, and we are now looking for a correction. This correction could signify the completion of a top in wave (5) or wave 1 of (5). Traders should be prepared for continued downside pressure as wave A unfolds. * COST Elliott Wave Technical Analysis – 4H Chart* The 4-hour chart indicates that we are looking for a bottom in wave {i} to then see a pullback. After this pullback, we anticipate at least one more leg lower, which could be either wave {iii} or some form of wave C.   Technical Analyst : Alessio Barretta Source  : Tradinglounge.com get trial here!  
    • Hang Seng Index: Elliott Wave Analysis Day Chart Hang Seng Index Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 (started) Details: Orange wave 2 looks completed. Now orange wave 3 of 3 is in play. Wave Cancel Invalid Level: 16044.39 The Hang Seng Index Elliott Wave Analysis for the day chart provides a detailed examination of the market's current trends and wave patterns. The analysis identifies the market's movement as part of an overall trend, indicating an impulsive mode rather than a corrective one. The specific wave structure under scrutiny is orange wave 3, which forms part of a larger navy blue wave 3. This suggests that the market is currently experiencing an upward trend characterized by successive impulsive waves. According to the analysis, orange wave 2 has completed, marking the end of the corrective phase within navy blue wave 3. With orange wave 2 concluded, the market has now entered orange wave 3, which is in progress. The direction anticipated next in this analysis is the continuation of orange wave 3, signaling further upward movement in the market. This phase, orange wave 3 of 3, indicates a strong impulsive trend within the broader wave structure, suggesting that the market is expected to continue its rise as part of the ongoing navy blue wave 3. An essential component of this analysis is the wave cancel invalid level, set at 16044.39. This level serves as a crucial reference point for traders, determining the validity of the current wave count. Should the market price move below this level, the existing wave analysis would be invalidated, necessitating a reassessment of the market's condition and potential strategic adjustments. This invalidation level is critical for risk management, providing traders with a clear threshold to monitor and ensuring that the wave analysis remains accurate. In summary, the Hang Seng Index day chart analysis identifies an upward trend in an impulsive mode characterized by orange wave 3 within navy blue wave 3. Orange wave 2 has been completed, and the market is now experiencing orange wave 3 of 3. The wave cancellation invalid level at 16044.39 is crucial for maintaining the accuracy of the current wave count and for effective risk management.   Hang Seng Index: Elliott Wave Analysis Weekly Chart Hang Seng Index Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 (started) Details: Orange wave 2 looks completed. Now orange wave 3 of 3 is in play. Wave Cancel Invalid Level: 16044.39 The Hang Seng Index Elliott Wave Analysis for the weekly chart focuses on the current trend and wave patterns in the market. The analysis identifies the market's movement as part of an impulsive trend rather than a corrective one, suggesting strong upward momentum. The primary wave structure being analyzed is orange wave 3, situated within a larger navy blue wave 3. This indicates a significant upward trend driven by successive impulsive waves. According to the analysis, orange wave 2 has been completed, marking the end of the recent corrective phase within navy blue wave 3. With orange wave 2 concluded, the market has entered orange wave 3, which is currently in progress. The expected direction in this analysis is the continuation of orange wave 3, suggesting further upward movement in the market. This phase, orange wave 3 of 3, points to a strong impulsive trend within the broader wave structure, implying that the market is likely to continue its rise as part of the ongoing navy blue wave 3. An important aspect of this analysis is the wave cancel invalid level, set at 16044.39. This level serves as a crucial reference point for traders, determining the validity of the current wave count. If the market price moves below this level, the existing wave analysis would be invalidated, requiring a reassessment of the market's condition and potential strategic adjustments. This invalidation level is vital for risk management, providing traders with a clear threshold to monitor and ensuring that the wave analysis remains accurate. In summary, the Hang Seng Index weekly chart analysis identifies a strong upward trend in an impulsive mode, characterized by orange wave 3 within navy blue wave 3. Orange wave 2 has been completed, and the market is now experiencing orange wave 3 of 3. The wave cancel invalid level at 16044.39 is critical for maintaining the accuracy of the current wave count and for effective risk management.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • EURUSD Day Chart Analysis EURUSD Elliott Wave Analysis - Trading Lounge Day Chart Euro/U.S. Dollar (EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 Details: Current Status: Orange Wave 1 appears complete. Current Phase: Orange Wave 2 is active. Wave Cancel Invalid Level: 1.06657 The EURUSD Elliott Wave analysis for the day chart examines the current market behavior and wave structure. The analysis indicates a counter-trend phase, suggesting a corrective movement within the broader trend. The specific wave structure under review is Orange Wave 2, which is part of Navy Blue Wave 3. This implies the market is in a corrective phase within a larger impulsive wave. The completion of Orange Wave 1 marks the end of an initial impulsive move within Navy Blue Wave 3. Now, the market is experiencing Orange Wave 2, a corrective wave that typically retraces some of the gains from the impulsive Wave 1. The next higher degree direction is identified as Orange Wave 3. This suggests that after the completion of Orange Wave 2, the market is expected to resume its impulsive trend with the start of Orange Wave 3. This phase will follow the corrective action of Orange Wave 2 and continue the primary trend. A critical element of this analysis is the wave cancel invalid level, set at 1.06657. This level is essential for traders as it serves as a benchmark to determine the validity of the current wave count. If the market price exceeds this level, the current wave count would be invalidated, necessitating a reassessment of the market conditions and potential repositioning. This invalidation point is crucial for risk management, providing a clear point at which traders should reconsider their analysis and strategies. Summary: The EURUSD day chart analysis identifies a corrective trend characterized by Orange Wave 2 within Navy Blue Wave 3. Orange Wave 1 is completed, and the market is now in the corrective phase of Orange Wave 2. The expected next phase is Orange Wave 3, following the completion of Orange Wave 2. The wave cancel invalid level at 1.06657 is critical for maintaining the current wave count's validity and for effective risk management.   EURUSD 4-Hour Chart Analysis EURUSD Elliott Wave Analysis - Trading Lounge 4-Hour Chart Euro/U.S. Dollar (EURUSD) 4-Hour Chart EURUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 Details: Current Status: Orange Wave 1 appears complete. Current Phase: Orange Wave 2 is active. Wave Cancel Invalid Level: 1.06657 The EURUSD Elliott Wave analysis for the 4-hour chart examines the current market trends and wave patterns. The analysis identifies the market's movement as a counter-trend, indicating a corrective phase rather than an impulsive one. The specific wave structure under review is Orange Wave 2, which is part of a larger Navy Blue Wave 3. This suggests that the market is undergoing a correction within a broader upward trend. According to the analysis, Orange Wave 1 has completed, signaling the end of the initial impulsive move within Navy Blue Wave 3. Subsequently, the market has entered Orange Wave 2, which is a corrective phase that typically retraces some of the movement made during Orange Wave 1. The next anticipated direction in this analysis is Orange Wave 3. Once Orange Wave 2 concludes, the market is expected to resume its impulsive movement with the start of Orange Wave 3, continuing the overall trend set by Navy Blue Wave 3. An essential aspect of this analysis is the wave cancellation invalid level, set at 1.06657. This level serves as a critical reference point for traders, as it determines the validity of the current wave count. If the market price moves beyond this level, the existing wave analysis would be invalidated, requiring a reassessment of the market's condition and potential strategic adjustments. This invalidation level is vital for risk management, providing traders with a clear threshold to monitor. Summary: The EURUSD 4-hour chart analysis identifies a counter-trend characterized by Orange Wave 2 within Navy Blue Wave 3. Orange Wave 1 has been completed, and the market is now experiencing Orange Wave 2. The next phase expected is Orange Wave 3, following the completion of Orange Wave 2. The wave cancellation invalid level at 1.06657 is crucial for maintaining the accuracy of the current wave count and for effective risk management.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
×
×
  • Create New...
us