Jump to content
  • 1

Why IG limited my live account? How is this industry working?


Guest catalinpasnicu

Question

Guest catalinpasnicu

Hello everybody,

 

I am a customer of IG for more then 2 years now. I'm a full time trader and trade different markets. Since last year i developed a strategy for trading the Digital 100s 5 minutes market for EURUSD and GBPUSD. My accuracy on this strategy is over 85%. Since i started to use my strategy and trade Digital 100s i have made consistant profits on a weekly basis. Recentelly because i was doing constant profits IG limited my account and now i can't trade anymore Digital 100s. Now here is my question IG and you better come with a explanation to what i am asking. Why would you limit my account and not let me to trade? Why do you even offer Digital 100s? If a trader just like me trade and loose money everything would be fine, and he/she would be able to trade without limitations,correct? But if a customer/trader like me makes consistant profits that's bad for company pockets and you put a limit in my account not to be able to trade anymore!!! Why? How is this industry working? This is not fair and i will not stop here! I will go to all regulatory bodies from Uninted Kingdom if IG does not do something regarding this! For what even IG offer brokerage if i get limited because what i'm doing constant profits?

Link to comment

6 answers to this question

Recommended Posts

  • 1
Guest DRAAAMMY

 

As from the 1st of August 2018 IG will no longer have Digital 100's available to trade due to European Securities Markets Authority (ESMA).  So no matter if the UK leave the EU we still have to comply with their rules.

I guess the only answer to this is to find a broker outside of EU authority - the USA perhaps?

 

 

Link to comment
  • 0
Guest Mr-Yellow

> My accuracy on this strategy is over 85%.

This is how these "chop shops" work. They are your counter-party so if you start winning too much they cut you off.

If a trader just like me trade and loose money everything would be fine

Yup.

Link to comment
  • 0
Guest PandaFace

Tbh 85% success isn’t that difficult from a binary perspective. That’s the whole point... if you’re bidding on a digital 100 when it’s priced at say, 90/95 that’s basically saying there is an HUGE likelihood of it becoming right and settling at 100. You can bid 20 times at this level, statistically you’re going to win 19 of those times, but you only need to lose once and you’d have lost the same amount as those 19 wins...

interested on the reply tho

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,181
    • Total Posts
      90,705
    • Total Members
      41,296
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    dreamc
    Joined 30/01/23 03:11
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 30 January 23,   Theta Token / U.S.dollar(THETAUSD) THETAUSD Elliott Wave Technical Analysis  Function: Follow trend   Mode: Motive  Structure: Impulse Position: Wave ((1)) Direction Next higher Degrees: wave I of Motive Wave Cancel invalid Level: Theta Token/U.S.dollar(THETAUSD)Trading Strategy: Theta Token has recovered well from the 0.706 level and is on its way up to test MA200 resistance, if broken, signaling a weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a trend towards the price target at the level of 1.711. This is just the start of an uptrend. Price may reverse before increasing again. Theta Token/U.S.dollar(THETAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod Source : Tradinglounge.com get trial here!   Elliott Wave Analysis TradingLounge 4H Chart, 30 January 23,   Theta Token / U.S.dollar(THETAUSD) THETAUSD Elliott Wave Technical Analysis  Function: Follow trend   Mode: Motive  Structure: Impulse Position: Wave (5) Direction Next higher Degrees: wave ((1)) of Motive Wave Cancel invalid Level: 0.706 Theta Token/U.S.dollar(THETAUSD) Trading Strategy: The Theta Token Rising of wave (5) is the last wave in the Moive wave which is a warning signal before price trend change or reversal. Beware of throwback in wave ((2)). Theta Token/U.S.dollar(THETAUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.
    • Maximize Your Stock Market Returns: Latest News on SP500, Top Tech Stocks with Elliott Wave Analysis and Trading Strategies Stay Ahead of the Stock Market with the Latest News and Analysis on SP500, Top Tech Stocks, US ETF Sectors and Trading Strategies. Get up-to-date insights on the bullish weekly cycle, Elliott wave analysis and profitable trading opportunities in the finance sector with top companies like Apple, Tesla, Amazon, Microsoft, JPMorgan and more. Stock Market Content: SP500, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave Analysis US Stocks News: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Summary TradingLounge Bullish Weekly Cycle in play, Bullish Monday Profit Taking Tuesday Elliott Wave Analysis: (iii) of iii) of 3 Trading Strategies: Long Video Chapters 00:00 SP500 04:45 Apple (AAPL) 08:01 Amazon (AMZN) 11:00 NVIDIA (NVDA) 11:34 Meta Platforms (META) 17:47 Netflix (NFLX)  18:59 Enphase (ENPH) 22:04 Tesla (TSLA) 24:06 Alphabet (GOOGL)  29:16 Microsoft (MSFT) 34:52 Berkshire Hathaway (BRK.B) 35:56 Block Inc. (SQ)  37:28 Bank of America BAC 25:22 TRIAL Buy 1 Month Get 3 Months  Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • Does anybody know the BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) equivalent with a GBP currency hedge? I want the interest yield but I don't want the currency risk.
×
×
  • Create New...