Jump to content
  • 0
Sign in to follow this  

Bank ASB (affil. Commonwlth Bank) BLOCKED deposit

Question

Posted (edited)

Hi this is a customer support related question/request.

My bank, zealous to prevent fraudulent deposits to scam traders (see https://brokercomplaintregistry.com/) decided that IG trading was a scam site.  At least for the purposes of making deposits to my trading account.   I complained about this, they merely provided me with a disclaimer form (the kind of form you sign if you are stupid enough to _want_ to trade using scammers).   Ok, so hopefully that enables _me_ to deposit to IG trading.  But what about everyone else who uses ASB bank?   

ASB have effectively labeled you a scam site.  Can someone employed by IG trading please look into this and take corrective action along with/against ASB bank (Commonwealth Bank of Australia) to make sure this doesn't happen again?

Thanks

Edited by robbieburns

Share this post


Link to post

4 answers to this question

Recommended Posts

  • 1
6 hours ago, robbieburns said:

ASB have effectively labeled you a scam site.  Can someone employed by IG trading please look into this and take corrective action along with/against ASB bank (Commonwealth Bank of Australia) to make sure this doesn't happen again?

This has suddenly become a very big problem for all brokers and started cropping up in the news just a few weeks ago, it's being caused by Payment Service Providers and the future of card use for money transfers looks bleak.

https://www.financemagnates.com/thought-leadership/global-crackdown-on-fx-continues-psps-freezing-transfers/

https://www.financemagnates.com/thought-leadership/fx-industry-officials-on-psps-freeze-we-are-losing-millions-of-dollars/

  • Like 1

Share this post


Link to post
  • 0
On 13/07/2019 at 18:44, Caseynotes said:

This has suddenly become a very big problem for all brokers and started cropping up in the news just a few weeks ago, it's being caused by Payment Service Providers and the future of card use for money transfers looks bleak.

https://www.financemagnates.com/thought-leadership/global-crackdown-on-fx-continues-psps-freezing-transfers/

https://www.financemagnates.com/thought-leadership/fx-industry-officials-on-psps-freeze-we-are-losing-millions-of-dollars/

This is very disturbing... thanks for the links.

Share this post


Link to post
  • 0
Guest Homer Enronride

I suppose traders living in EU and using IG Europe would not be affected by this?

At least not bank Transfers?

Share this post


Link to post
  • 0

Let me speak to our Client Money team and let you know. 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,259
    • Total Posts
      36,008
    • Total Members
      46,033
    Newest Member
    bradacus
    Joined 21/08/19 07:46
  • Posts

    • Mercury, of course, how you label your wave counts is entirely up to you. Corrective waves (according to EWT) are in the following form: ZigZags, Flats (Regular & Expanded) & Triangles. Complicated corrections are usually a combination. A common one is a double Zig-Zag. Triangles can often found in wave 4 or B but never wave 2. Motive waves are usually pretty simple to spot even for a novice. The problem always occur with corrections in my experience. Knowing the substructure count is critical in that respect. ZigZag (5-3-5), Flat (3-3-5), Triangle (3-3-3-3-3). There is often an alternative count (although one will always be preferred) and only subsequent price action reveals which is correct. There are a few rules, but really not many, and some guidelines. With respect Mercury there is no rule nor guideline that I have ever seen that says "the move does not penetrate above the previous high" for a corrective wave!! For those that don't have the time nor inclination you can subscribe to various services. In the hands of an expert, when combined with Fibonacci ratios, trend lines and sentiment indicators it is, IMHO, a powerful tool. 
    • Actually I thought Corrigan was pretty good and pretty much spot on in his general take on a multitude of economic topics, there was no political agenda and of course it was his view so to get balance -er, find someone else with a different econ view?
    • Good piece on copper here from CME focusing on it's strong links with the Chinese economy and the very low current implied volatility. "Copper closely tracks growth in China, yet copper options prices tend to be closely related to U.S. monetary policy. How will Fed rate cuts impact the metal? " https://www.cmegroup.com/education/featured-reports/coppers-options-paradox.html?utm_source=twitter&utm_medium=social_post&utm_campaign=economic_research&utm_content=20190618_hp
×
×