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Malcolmbell1

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Everything posted by Malcolmbell1

  1. I like to use the above spread betting strategy eg on a stock I have followed and researched very carefully which appears to have significant upside and limited downside and as a way to profit from multibagging. However it’s extremely fiddly to enter the trades 1) Ig does not automate eg placing a £60 max loss bet using a £300k underlying with guaranteed stop nor does it make clear the maximum guaranteed stop amount for the stock at each price. 2)So a stock trading at £8/800p would require a bet of £375 per point and a guaranteed stop at £6.72/672p. 3) But the maximum bet at each price may be £25 so this would require 15 trades to be placed at incremental guaranteed stop prices. 4) in order to reach an average guaranteed stop of 672p placing of those 15 trades would be very fiddly to work out what stop price each should be placed at… so couldn’t Ig automate this?
  2. Nobody answers the phones, I have no idea who my client manager is any more. This is very messy and enough to make me take my business elsewhere also.
  3. I am a premium client and was not contacted. I am very angry about this and the false market that was created - i phoned last week to ask why my stocks were close only but was told completely incorrect information. These are equities - i absolutely do not get forced closure under the spread bet wrapper with a few days notice and differential disclosure to different clients, fair enough increasing margins. There is no doubt Ig moved these markets in the last few days as a result. A reputable company would have allowed customers 6 months to close. Maintaining dealing account dealing in these stocks suggests they should have maintained spread betting for the tax benefits at 100% margin.
  4. If IG is a genuinely responsible company which I believe it is then it must treat customers with open positions fairly - its one thing to cease allowing customers to open new positions but if a customer has a position in a stock open they must be allowed to exit when they want over 3-6 months. It would be responsible to increase margin rates only a certain amount (why not 50% so its half way / treating customers fairly?), give a month's notice and not to impose a deadline on having to exit the stock any less than 3 months away. It seems outrageous after this three month period not to then allow open positions at 100% margin. The FCA would surely be horrified at hundreds of customers being forced sellers of stocks with a few days notice.
  5. @CharlotteIGi would be interested in your views. I think if IG is a reputable company and wishes to exit small caps spread betting it ought to close to new bets but allow customers three months to exit their positions at their own speed. I personally use spread bets to avoid capital gains so would still be interested in trading these stocks even with 100% margin requirements.
  6. I think if IG is a reputable company and wishes to exit small caps spread betting it ought to close to new bets but allow customers three months to exit their positions at their own speed. I personally use spread bets to avoid capital gains so would still be interested in trading these stocks even with 100% margin requirements.
  7. Any idea why Tremor International unavailable to open? There have been comments that they are seeking a USA listing soon?
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