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Showing content with the highest reputation since 27/02/20 in Blog Comments

  1. is it legal for IG trading to manipulate the market like this by not allowing position on GME? totally disgusting
    34 points
  2. Extremely disappointed. Increasing margins make sense. Banning buys? What in the world. "Prioritising service to existing clients". You mean you're manipulating the market because the people who pay you told you to do so. Well done.
    31 points
  3. I would recommend everyone read section SYSC 3.1 Systems and controls of the FCA handbook. The contract we all signed with IG seems to run counter to what they are doing. Stinks of market manipulation.
    29 points
  4. At least now we have someone in the UK to sue now rather than just RobinHood
    22 points
  5. Total and utter disgrace by IG here!! Which hedge funds are paying you off IG? This whole rotten system stinks, and its blatantly obvious what's going on here. I hope everyone withdraws their funds from IG and they flow to brokers which allow free and fair access to the markets. IG have completely lost my trust. I'm out.
    16 points
  6. Is this for real? IG are actually preventing people from trading in these stocks? “Due to the recent extreme volatility, and in order to prioritise the service we give our existing clients we are not allowing any new positions to be opened” ???? This doesn’t even make sense. Absolutely atrocious, you’re joining the Robinhood gang! Nothing other than protecting the hedge funds while the individual loses out. This is not prioritise your service to your clients unless your owned by Wall Street. This action is for no reason other than miniminse share price increase while the s
    13 points
  7. So what is IG going to do about the fact that it crashed for an hour during the rapid events, and GME shares worth $400 couldn't be sold (in fact, it seems a huge number couldn't even log in successfully) until they had hit $200. Taking risks on a stock is one thing. But when the platform goes completely dark, is that just a gamble that's our fault as well? And if it's not our fault, then does the company who's responsible get to share in the losses they're responsible for?
    13 points
  8. 12 points
  9. I just received your email that you are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment, but you are allowing current positions to be closed... Maybe I'm mistaken, but to close a position (sell), there is typically a new position (buy) at the other end. If IG is blocking me from buying US:GME, who is buying the closed positions? If some parties are allowed to open positions, while others are blocked, what would you say to accusations by members of the US Congress that this is market manipulation? Are you worried
    10 points
  10. I am an existing customer. In my interests please remove blocks on purchase of GME stocks. I am fully aware that my capital is at risk, stocks are volatile. I accept that and continue to want to buy GME on Monday.
    8 points
  11. So if I were cover 100% of my opening CFD position, there should be no chance of getting margin called, or positions automatically closed, right?
    8 points
  12. How can IG call itself a trading platform if it doesn't allow trading? Surely it is breaking the trade descriptions act, amongst many other terms and conditions. Formal complaint being made.
    6 points
  13. And the game isn’t rigged??? What happened to a free market!!
    6 points
  14. Hang on. ELI5 please: If I have to go 100% margin on these stocks, whats the point of CFD then? I pay for position open, risk losses due to volatility, and dont get the ownership of the underlying asset? Shouldn't this be considered as share purchase then? Do Hedgefunds and HNW have buy restrictions too or is it one sided against retail? Assking for future formal complaint.
    6 points
  15. Please retract these actions. Not only is this market manipulation... The constant crashes freezing users out of the market are making you unviable as a broker at all. Fix your issues and maybe avoid a lawsuit?
    5 points
  16. What happens if I just want to be an owner of these stocks so that I can have voting rights at AGM? I can't do business with a broker who halts one side of a trade. If there's no buyer then why bother selling. I may decide to close my account after Monday based on whether IG reverses this action or not.
    5 points
  17. This doesn't feel real...if you are willing to trash your reputation like Robinhood something must be fundamentally rotten.
    5 points
  18. IG Nokia NOK the last straw. Shocking, Ive had this happen countless times with IG every time there is an actual opportunity to trade volitility retail are blocked out until the position is crushed due to buying blocked out how convenient that seems. I am now even more fed up of being blocked from taking profits, can't close position due to either platform not functioning or "outages " in which IG are still able to seek positions and deal themselves and blame other factors Why is it every single time your position only comes live again is when its dropped way past your stop l
    4 points
  19. By restricting the buying you're putting downward pressure on the share price. This is the definition of market manipulation.
    3 points
  20. Absolutely **** that you can pull this. We can only sell and can no longer buy the stocks that almost everyone is currently looking to buy and hold? Are you serious? "You are all free to trade in everything! And by that, we mean you are free to trade in exactly only what we decide you can. Which changes from day to day and on a whim, depending how we are feeling at any particular time" And also noted is the utter silence from anyone at IG since this appalling announcement was made, in any thread in the forum or post here. Really professional guys, super good look for you. C
    3 points
  21. s a professional member with a Premium manager I contacted him but he knew nothing about this move from IG. I will be running down my open positions and closing my account as I have had enough of this manipulation. The system going down at 14:30 the last three trading days was at best a deliberate action to throttle the service and at worst a manipulation to stop customers trading and allowing the volatility to take them out with no recourse.
    3 points
  22. Having had some advice from a financial advisor, to change the parameters of the contract that was made at the time of opening the position by changing the exposure after the contract has been made is illegal. SEC and United kingdoms financial regulatory authority will also find this to be the case. AS many people are going to lose money when their positions are closed after the goalposts have been moved. I really enjoy using IG and have traded on other platforms before using this one. I traded through first wave of pandemic on another platform and not being able to close positions in last wee
    3 points
  23. If I don't get rich of GME I'm getting rich of suing you.
    3 points
  24. All this talking of moving brokers - are they not all the same and doing the same restrictions? Are there any decent brokers out there who have not blocked trades and hiked margins?
    3 points
  25. ANYONE WITH STAKE IN AMC AND GAMESTOP READ THIS You need to file an official complaint with the SEC detailing the exact nature of this complaint. https://www.sec.gov/oiea/Complaint.html This will be used in the class action lawsuit this company will face for what is clearly market manipulation. And here I thought I had one of the good brokers. How can anyone be expected to keep their account with IG after this? https://www.sec.gov/oiea/Complaint.html
    3 points
  26. Okay, so if I were attempting to sell at $400, but was unable to due to IG's platform failing, then the price drops to $200, is that just a "whoops, sorry, better luck next time" from IG, or is there anything to be done about those lost gains?
    3 points
  27. down again. Nice one guys. Remember your screwing all your customers here
    3 points
  28. Time to close my account with IG. GamEnd
    2 points
  29. Unless IG follows Interactive Brokers Group, and lifts all trading restrictions in GameStop, AMC and others, my previous plan to move my £800,000+ SIPP to IG will be going to other brokers.
    2 points
  30. I understand (but not agree with) increasing the margin requirements if there is a liquidity issue, but not allowing buying in non-margined accounts? Please explain IG!
    2 points
  31. My fellow investors, this sort of behaviour by IG seems like a key indicator they are biased in the current climate, they are most likely working with the hedgefunders to sell your information when you make trades so that they have inside information to move against you. this is my speculative opinion only however if the shoe fits.... i’ll be moving away form this platform after I have closed my position on this stock shame on you IG
    2 points
  32. Adding massive margins and closing positions? You have no issue with risk when it loses the consumer money but when there’s risk of losing your paymasters cash then suddenly it’s not okay? I’ll be closing my account t
    2 points
  33. Surely by stopping people go long you are making sure there is a guarentee that the price will go down?
    2 points
  34. what will be the 100% margin amount for 1500 share of amc which i bought at 19?
    2 points
  35. Can anyone explain whether this means you are able to buy or sell normal equity shares in GME?
    2 points
  36. That's our choice if we choose to rush in with the herd. No different from the big boys with their clone narratives. Free trade should be protected. We don't need your paternalism. You've never cared about punters. Don't pretend to start now because you might be getting burnt. Stop taking down the website. Stop the market manipulation!
    2 points
  37. Hey @superwi11, Thanks for your comment. We do apologise for the issue yesterday and if your positions were affected we do urge you to correct your exposure and reach out to us so we can resolve this for you. All the best
    2 points
  38. I am a new Client. I have been chasing customer service and help for 3 weeks to withdraw my funds. None of them reply to me or fix the issue. My card and account is verified. Why IG have such a poor customer service.
    1 point
  39. dont have as much as you but 100k will be gone; IG stock is already tanking, have a look on the charts
    1 point
  40. i am not very happy with this action it is wrong cant buy but you can sell ? who is buying it if we selling it? we all know the risks off trading but this action is out of order
    1 point
  41. I am not surprised, the 100% cover of a CFD position seams accepable. But stopping buys? I cant see anything in the T&C that would allow this. I have already complained to the FCA, I recomend everyone else follows. I would also recomend a compalint to your MP & to John Glen the Economic Secretary. Some of the most blant market manipulation I have ever witnessed.
    1 point
  42. I would like to convert my cfds into shares please....that i all, if you are going to play this game.
    1 point
  43. Hi @Charlotte, Its fantastic to have equity options but the whole option offering is really not user friendly or wallet friendly at all at the moment. What would it take for you to offer us atleast set a simple stop-loss within the options? Surely you don't expect everyone's eyes glued to their positions and manually close it, in case the worst should happen. Even better would be having the exact features already present, like take-profit, limit order or stop orders etc. see i have not even mentioned about the greeks....
    1 point
  44. although its fantastic that individual company options may now become available online...I can’t believe you’ve chosen one of the most volatile stocks with a high underlying price! very risky for inexperienced traders....I really hope you offer some low priced stocks to trade as well?
    1 point
  45. To clarify - does the position have to be settled by the close of business on the first day of official dealings or does it simply become an indefinite long or short daily-funded bet on the now-listed entity?
    1 point
  46. Weekend indices: big margin, big spreads and inaccurate pricing. Way to go!
    1 point
  47. It's not the same as our leveraged accounts. You're going and physically buying shares. What is it you would like from the videos/ help guides as I can try to find/ make them for you. Also if you call our helpdesk team they will be able to tell you what commission/ spread is more cost effective for you. All the best.
    1 point
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