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Showing content with the highest reputation since 07/03/20 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.
    50 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
    44 points
  3. It's pretty obvious who they are looking out for and it's not their customers. Time to shop around.
    29 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.
    26 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.
    25 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. Both through the web platform and ProRealTime... I cannot close out an open position on US500... IG are you going to refund any money lost because of your techincal error?
    17 points
  8. I wonder if there will be a flood of complaints to the Financial Ombudsman /FCA, there should be !
    16 points
  9. I AM CLOSING MY ACCOUNT BECAUSE THIS IS JUST HORRIBLE - cheating their customers
    12 points
  10. we should all ask ig to compensate our loss because of their unilateral unlawful restriction
    11 points
  11. 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
  12. 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
  13. 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
  14. 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
    10 points
  15. 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
  16. Hi IG, Any plans to become a supported broker on Tradingview? I like the IG web platform but Tradingview stock screener is great and would be nice to trade from there. https://uk.tradingview.com/brokers/
    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. I'd also like recommendations on a new broker that respects its investors and doesn't pull shenanigans on them.
    9 points
  20. They should give all users a voucher for lost trading time which can be exchanged for shares on any exchange.
    9 points
  21. One of my open positions have disappeared form the positions tab. I had a total of 5 open positions, the number beside the positions tab says 4. There are only 4 positions displayed. However the account totals row in the bottom is behaving like the last position is still there, the total positions sum takes into account all 5 open positions, likewise with the market value and profit/loss columns.
    9 points
  22. Hi - facing a new issue on the platform. My charts are being wiped out and set to the same default every few minutes/seconds. No matter what I configure, within a few moments it defaults to a 5min candle stick with no other indicators - what is happening?
    9 points
  23. 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
  24. 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
    8 points
  25. 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
  26. 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
  27. I am Not able to see open positions. The customer hotline is also not working. What is the issue. Rectify ASAP.
    8 points
  28. 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
  29. @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
    7 points
  30. Yes, this has now happened 2 days running when markets have been extremely volatile. Unacceptable.
    7 points
  31. 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
    7 points
  32. Well, there is at least one in their inbox. I would encourage everyone one affected to also report IG to the FCA.
    6 points
  33. 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
  34. 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
  35. Hi, Is there anyway to get AUS tax statements from IG platform? Cheers
    6 points
  36. Righto, having used this web platform every day for the past year it decides to go mad. Really important trading day... every 30 seconds or so, every bleedin' drawing I've made, adjustment to chart, timeframe etc all resets back to a default 5min and deletes all drawings WHAT IS GOING ON!!
    6 points
  37. 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.
    5 points
  38. I thought I would write up an explanation of what is currently going on with GameStop in what could be a defining moment for the world of finance. I hope some of you find it interesting and informative: https://blog.excelpricefeed.com/2021/01/28/gamestop-wall-st-vs-main-street/ (here's the price/volume chart since the start of the year!)
    5 points
  39. 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 prioritising 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
    5 points
  40. 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
  41. 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
  42. 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
    5 points
  43. I've submitted a complaint to the abuse team at FCA. I suggest everyone effected does the same for visibility.
    5 points
  44. 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
  45. 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
  46. 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
  47. A well defined plan will get rid of all your emotions. Trading has to become a boring job to be profitable, one that you do without getting any feelings from it, very close to what a robot would feel if it would behave like a person. If you are able to take a loss and continue like nothing happened then you are handling just numbers. If the meaning of taking a loss is no longer similar to a painful feeling you have reached a milestone. Two years ago I told every single one I met that I was getting into trading, it was so exciting that I didn't understand what I was getting into. Toda
    5 points
  48. 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.
    5 points
  49. Web app and mobile apps are not working in the middle of the trading day! This is precious money making time but IG is making it going bankrupt time!
    5 points
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