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Showing content with the highest reputation since 24/06/20 in Posts

  1. Yet they allow you to SELL and close out your positions. What will that do to the overall market price of AMC and GME? Well obviously if we can only sell the the price will go down down, allowing these greedy hedge funds to exit their short positions without taking too much of a hit. You have 2 choices, 1. Sell your shares back to the hedges, just like they want, or 2. Hold and watch them wet the bed, eventually having to buy at the price WE SET and us little guys make some money. Also, leave IG they don't deserve your business after this blatant act of market manipulation.
    55 points
  2. I thought i summarize my experience so far day trading in case any newer folks are interested Day trading is much harder than swing trading and especially at those lower time frames. From 100+ day trades so far I am certainly no expert and I like being honest, I am on average losing but I learnt a lot. My thoughts so far are: 1. Forget 95% of youtube, it's full of turds just trying to market courses, **** out their channel. Same with forums, no matter what topic it is (fitness, languages), a lot of people lie their asses off and pretend they are experts but in fact know jack
    45 points
  3. It's pretty obvious who they are looking out for and it's not their customers. Time to shop around.
    33 points
  4. Would love to hear from IG on this. If it's a clearing house issue why not restrict BOTH BUYING AND SELLING, wait for the clearing house to catch up, tap credit whatever needs to be done. But only allowing selling??? come on. A lot of people are going to lose money because of actions like this.
    29 points
  5. Agreed. I naively thought IG would be on the right side here. You know, given the fact we are paying for the privilege. I hope they get what they deserve for clear and transparent market manipulation.
    27 points
  6. This is totally unacceptable. When markets are extremely volatile, IG shuts down the system so can't execute any trades. Tried to call and just get cut off. LOST SO MUCH MONEY because of this. Anyone else thinks this is outrageous by IG?
    21 points
  7. I wonder if there will be a flood of complaints to the Financial Ombudsman /FCA, there should be !
    17 points
  8. I complained to BBC watchdog: https://www.bbc.co.uk/send/u23123288?ptrt=https://www.bbc.co.uk/programmes/b006mg74 Historically media attention had greatest multiplier
    12 points
  9. I agree to all the comments and also felt frustrated the platform online & App "conveniently" went offline for 3 days on the trot exactly when the US opened. We all know that Robinhood have had to reverse their restrictions/limits on deemed volatile stock so why has IG now decide to restrict retail investors - will probably get the same BS about protecting retail investors!!! I am a bit pissed off with this constant rule changes against retail investors - EC ruling/higher margins/no Crypto dealing/restricted trading/even higher margins of 100% to name a few!!!!!!!!!!!!!1 I
    12 points
  10. I AM CLOSING MY ACCOUNT BECAUSE THIS IS JUST HORRIBLE - cheating their customers
    12 points
  11. we should all ask ig to compensate our loss because of their unilateral unlawful restriction
    11 points
  12. Now IG is restricting purchasing of GME and AMC, only allowing you to close positions. IG, I hope you get done for market manipulation.
    11 points
  13. Whilst I am mindful that the situation may be slightly different for those using leverage, I believe the blocks also apply to share trading accounts that are funded entirely by the client. Whilst I personally do not hold positions in these stocks, as a share investor it concerns me that if they can so easily excuse such actions for these stocks, then they can excuse it for any stock they choose. Putting such blocks on a stock is highly damaging to the investment and will almost certainly devalue it, directly causing loss to investors holding long term positions. Rather than their claim of prot
    10 points
  14. This is out of order. I thought by using a broker with fees, that I would have a professional level of service at all times. What happened to a free market?
    10 points
  15. I'd also like recommendations on a new broker that respects its investors and doesn't pull shenanigans on them.
    10 points
  16. I received an email this morning saying that all remaining crypto positions will be closed in one month, and margin requirements on cryptos will be increased to 100% (!) from Monday. The excuse is, inter alia, that "We have now reached our internal product limit for exposure to cryptocurrencies, and as a result will be removing cryptocurrencies from our offering to UK retail clients". What a disgrace. If the margin is 100% there would be no funding exposure for IG. I think what this all really means is that, in a product structured and sold as a bet, they are uncomfortable with los
    9 points
  17. @CharlotteIG Users deserve to know the truth, please respond on @DoctorStrange's questions. This is blatant market manipulation, and I'm ashamed to have supported your business considering what has happened with brokers like RobinHood, I expected better. Needless to say after I've closed all my positions (when the market is being run FREELY) I will be moving away from IG for future business.
    9 points
  18. I don't personally hold shares in either entity, but it does make you wonder where it will end with brokers appearing to protect their friends' by halting trading on certain stocks (or at least halting trading for the hoi polloi, but letting the trough-feeding vermin continue regardless). Let's face it, such actions benefit nobody except those making billions off of other peoples' property. It really doesn't look good IG, and I will be looking carefully if I really want to continue using you as a broker.
    9 points
  19. They should give all users a voucher for lost trading time which can be exchanged for shares on any exchange.
    9 points
  20. @CharlotteIG I'm hoping for a more detailed explanation from IG. - Is this because the clearing house are asking IG for higher margin? - Have they tried tapping their credit lines with their IB? - How long will restrictions on GME & AMC last? - Given vol may increase across other shorted names in anticipation of a squeeze, what are they doing to prevent this happening on those as well? It's frustrating how they want you to trade more frequently (i.e. charge you extra fees if you don't), but when you want to, and there are potentially opportunities to make money, th
    8 points
  21. For those who want to trade GME stocks I can recommend DeGiro. For UK customers you will be based with an Irish account manager where the default currency is €. After changing your currency you will be able to trade in pounds. It is an execution-only broker that charges per operation. They don't offer CFDs/Spread-betting nor ISA accounts. They even have an API available for share dealing.
    8 points
  22. Trading 212 tried this the other day too. I have complained and suggest others do the same. Here is a link to a letter outlining what FCA rules they are breaking. Makes me want to hold even more due to this shady practice. https://www.reddit.com/r/Trading212ActionGroup?utm_medium=android_app&utm_source=share
    8 points
  23. It is absolutely disgraceful that this company has sent me an email saying it will not allow new GME and AMC positions from Monday. I had been telling people this was a great service and to get on it. I will now tell them the opposite as I open a new account elsewhere. After I've sold, I won't be back.
    8 points
  24. Development needs for Share Dealing and ISA Accounts: - 1. A low-cost Dividend Reinvestment facility is a must - this will have huge benefits for IG as, with your commission structure, I'm confident you would attract more long-term investors by offering a DRIP facility 2. Please include all costs in the positions window (i.e. commission plus stamp duty) so that average price and profit/loss figures are accurate 3. Please improve your help desk and phone availability - responses are extremely slow or with the help desk email sometimes non-existent, which reflects very badly on IG
    8 points
  25. Would a Telegram group dedicated to spread betting be a useful addition for people. Can discuss what brokers are offering what positions etc and have some very knowledgeable traders with plenty of experience to pass on their expertise on such matters. Let me know with the like button and if there’s enough interest we’ll get one set up.
    7 points
  26. Received an email from IG that they restrict buying these stocks. Why is it not allowed (other than it hurts big boys)? Market is volatile but still you're allowed to trade other stocks and even close out if you own these stocks but just can't buy them. Is it even legal to restrict retail traders arbitrarily?
    7 points
  27. also the huge loss they caused to their customers by imposing these unlawful restrictions to drive stock price down and forcing small individuals to sell at loss, in order to help these WS hedge funds
    7 points
  28. Well, there is at least one in their inbox. I would encourage everyone one affected to also report IG to the FCA.
    7 points
  29. Yes, this has now happened 2 days running when markets have been extremely volatile. Unacceptable.
    7 points
  30. Anyone else had the email to say margin requirements are changing from monday on certain stocks. For example, SPCE will now need 100% deposit. This also applies to existing open positions. If you do not have sufficient funds, positions will be CLOSED OUT! Pressumably this is fallout from the reddit/gme saga, but this is sheer market manipulation from IG index, forcing clients to close out positions they wouldnt have otherwise done. Care to comment IG??
    6 points
  31. That's great. If IG don't go back on their announcement today I think we should follow the same steps for IG.
    6 points
  32. VJJHC, thanks for the great link! I am very not happy with IG. Does anyone know which broker still allows unrestricted GME trading? PS. HOLDING now matter what!
    6 points
  33. Hi, Is there anyway to get AUS tax statements from IG platform? Cheers
    6 points
  34. Please assign the IG labs forums to someone that doesn't ignore messages. There must be someone that can respond to technical questions. There are posts that have been sitting there for months. https://labs.ig.com/node/702 It is very frustrating to see that there is no one to help there.
    6 points
  35. Doing The Least Amount Of Work For The Biggest Possible Return ; There Are No Original Ideas. History Always Repeats Itself. Part of the investing, is the grindy process of trying to generate new ideas. A lot of people think Hedgefund managers and money managers are more intelligent than the average person. I don't think so. Otherwise they would have figured out that rising rates as the economy opens back up is BULLISH for the economy. Rates rise as the economy improves so do commodities and corporate profits. Yes there is a point at which rates become too high and at which rising rat
    5 points
  36. Hi, I am trying to trade shares on GameStop and putting in Buy/Sell Limits Orders for the Day - e.g. a limit buy order for $150 and the Last Traded Price is $300 - I get the error message "Order too far from last traded price" !! But the share price is SWINGING up and down a LOT... and the price has already changed too much for you place it!! I read that there is a 20% up or down limitation across the board for all shares. I guess it's in place to stop someone adding an extra zero by mistake or something like that. BUT this is a SEVERE problem for a lot of people trading heavily o
    5 points
  37. I would like a detailed statement from IG outlining the reason for this action which prevents me from being able to participate in the free market. Is it because IG (or its clearing house) are not sufficiently capitalised to service their customer base? (an entirely predictable issue that could have been addressed over the weekend) OR Is there pressure from US market makers to help mitigate losses for those on the wrong side of these trades by actively distorting price action? It could be one or both, but I cannot conceive any other reasonable expl
    5 points
  38. It's one thing restricting CFDs and spread bets but there is simply no reason why I should not be able to open a fully funded position on a listed stock. After all of the recent outages as well I will be looking for an alternative broker.
    5 points
  39. Whilst we have a valid argument and can continue for some recourse, the real matter in hand is making sure you have funds in your IG account by 4pm on Monday to cover the 100% margin spike on stocks highlighted by IG. How may us have liquidity to cover say GME 32496 @ £1pp or AMC 1324@ £5pp??!!!! If you have these stocks on IG list - take action before 4pm or watch for huge margin calls and positions being stopped out.
    5 points
  40. I feel ripped off, I bought a share at a price which has a certain exposure and now after the deal has been made I am told IG are upping the exposure on the share, stopping any positions being opened. First changing exposure is breaching the contract I undertook when opening position and moving the goalposts, shameful and enough to make me close account as trust has been breached here as well as the law of a contract. I look forward to some customer feedback which has been unreliable at best to answer this rubbish issue!
    5 points
  41. They published an article on this a couple of hours ago, well done.
    5 points
  42. I've submitted a complaint to the abuse team at FCA. I suggest everyone effected does the same for visibility.
    5 points
  43. HOLD. Diamond hands Brothers 💎✊ stupid that they force you to buy close the traded price but if you keep to the sell/buy price you should be able to put in the order. I'm just annoyed that i can't put in any value i want. I want that 42000.69$ sell order. Godspeed towards the Moon 🚀🚀🚀 🌑... and Beyond ✨
    5 points
  44. In a significant bear day (all markets) it is reassuring that one is unable to trade.As we know, as day traders, time and speed are of the essence. Unfortunately, the IG platform has completely gone down. This is not the first time and I imagine the trading volumes are very high as there's chaos out there. The technicals all point down without even crazy crypto coin providing any green trades. Certainly on my watch lists. It was due. However, having one's hands tied whilst the ship sinks does somewhat impede ones ability to swim in the storm. Thanks IG.
    5 points
  45. When the US stock market opened. My IG account logout and I can’t login anymore. I’m receiving the message I have to phone IG but their numbers are busy. Anyone having same problem as me, they can’t login?
    5 points
  46. Hi CharlorreIG Thank you for checking in. Ideally the ticker would have a unique column in among the Positions screen. Many of us who deal in diverse / uncommon products only know the name of the product by the ticker. And the name on the IG system often is not familiar. So all confusing and chance of misplaced investing. Thank you
    5 points
  47. Sorry to go on. Just wanted to add one more thing. You provide PRT access at a £30 per month value for free if we trade a certain number of times. How much would it cost for you to provide access to TradingView.com (link your APIs and whatever to their platform so we can use it to trade with IG), and if it's a similar price to PRT could I please get TradingView instead? PRT is clunky, old-fashioned, missing many useful features and French.
    5 points
  48. Best thing to do is read what people post - you soon work out those that haven't got a clue - I "ignored" him weeks ago, so I don't see anything he writes - just ignore him, don't bite He'll fail to see that the reason people charge for information is because of the likes of him and his attitude, its definitely a reason I've not got involved with the public during the past 11 years, the world is full of people just like him I would not loose any brain power on him or replying to him
    5 points
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