Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
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Whilst I appreciate that IG is a broker and does need to make money. The fact that 79% of retail clients lose money should mean their business is very profitable.
However, I am getting pretty sick of seeing a stock that I want to day trade on my scanners only to find that this market is in close only mode, unavailable to trade or something similar. I understand that IG are not the only ones, Suretrader do this in a little less blatant fashion by removing leverage for these stocks however my main point is my first one. Why am I not able to trade the stocks that I want to trade? It's doing my head in and means I then need to go to other brokers that I have with a much worst platform. Whilst I love the IG trading platform, the basic fact that 79% of their retail clients are losing money means that they should be able to stomach this cost for those that are more experienced.
Any thoughts? Would love to hear from IG directly about this one.
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