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

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
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
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

Archived

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

  • General Statistics

    • Total Topics
      23,615
    • Total Posts
      96,994
    • Total Members
      44,177
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    KML
    Joined 04/12/23 14:42
  • Posts

    • I just learned about the recent listing of Lisk's utility token LSK on Bitget exchange, I'm curious to understand how this new development might impact both the token itself and the overall Lisk project. Apparently, this listing on Bitget adds another major exchange to the roster, alongside well-established platforms like Kraken, Kucoin, Binance, and OKX. This increased availability on different exchanges generally enhances liquidity and accessibility for traders and investors. More exchange listings can potentially attract a broader audience and bring in new participants to the Lisk ecosystem. To LSK token holders, I'm interested in hearing your thoughts on this recent listing on Bitget. Do you believe it will have a significant impact on the token's value and the project's trajectory? How do you see this development fitting into Lisk's broader goals of making crypto and Web3 accessible to everyone? Let's discuss and share our insights
    • As a DeFi and Web3 enthusiast, I find projects like Rootstock Infrastructure Framework (RIF) to be incredibly promising and exciting for the future of decentralized finance. The idea of providing an infrastructure framework on top of the Rootstock blockchain, along with open and decentralized tools, is a step towards making DeFi more accessible and scalable. The RIF token, serving as the native token of the ecosystem, plays a crucial role in facilitating the consumption of RIF products and services. This utility aspect adds intrinsic value to the token and aligns with the broader trend of utility tokens in the crypto space. The fact that RIF is listed on major exchanges such as Bitget, Mexc, Binance, and Gateio enhances its liquidity and accessibility for a broader audience. This, coupled with the ability for RIF token holders to participate in a growing network of decentralized applications (dApps) and products, fosters a sense of community and active engagement I would love to hear from other RIF token holders about their thoughts on the project. What aspects of RIF are you most excited about?
    • If you ever need advice or assistance in navigating the complexities of the mortgage market, I usually consult with Mortgage Broker Chelmsford for all my financial matters. They've been a great resource for me, and I highly recommend reaching out to experts like them for guidance.Let's hope the extension of the scheme provides some relief to first-time buyers and helps stimulate the housing market.
×
×
  • Create New...
us