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ColinJ

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  1. IG removed c.1000 shares from leveraged trading at the end of March 2021 - Tremor was on the list - and began force closure of any open positions, regardless of P&L state
  2. IG removed c.1000 shares from leveraged trading at the end of March 2021 - Tremor was on the list - and began force closure of any open positions, regardless of P&L state
  3. 'they’re under no obligation to extend leverage on stocks they don’t want to.' - correct, for anyone who wishes to open a new position from a given point, but they ARE OBLIGED to honour existing open positions: If market conditions change against IG existing business model then they change for future trades, not historical ones - that's the deal, we don't have to just accept it as a risk because it is not STATED as a risk by IG
  4. 'some reason you think they should be obliged to do in perpetuity.' correct, once a position is open they ARE obliged - its called a deal/contract; there is no time limit set on a CFD trade and nothing in IG T&C that allows them to close an open position that is not margin call based
  5. 'already demonstrated that you’ll be giving it all back and more' - I'll take that compliment; if I can afford that kind of cost that makes me a millionaire, 'why don’t you buy the underlying shares and stop paying money to borrow off your broker.' - its a very simple concept, listen carefully! its called Maths; I can buy ~5 times more of a single stock and more variety of stocks, thereby spreading my RISK - let's call that management shall we, overnight funding £costs c.0.0065% / day - not much price %age gain needed to cover that, but it is also monitored daily following on from the initial analysis of the Company fundamentals that made the stock a RISK BASED pick and HOLD, and others a day trade - ooh! let's call that management shall we! 'couldn’t care less how much you’ve made' - WRONG AGAIN, you have already stated many times that we don't know what we are doing, ours is not a winning strategy - if your measuring of success in trading is not financial gain what is? You simply make arbitrary statements with no ability to provide substantive detail or qualify, its becoming clearer with each post that you are simply a Troll
  6. 'don’t know any profitable traders who hold on to spreadbets for months, it’s such a bad idea' - not necessarily - its simple Maths; my £75,000 Saga CFD position overnight cost over 3 months is a great deal for a £15,000 profit, even if it took 6 months
  7. 'No successful trader ever had a victim mentality' - WRONG - being successful and being a victim (in this case of disgraceful business behaviour of forced open position closure by IG) are not mutually exclusive; 'something which you’re unable to do because you’ve overleveraged on illiquid crappy small caps' - WRONG - my small cap margin is <2% of equity; 'you won’t make money with your attitude' - WRONG - >£100k trading profit this financial year: the fact that IG gave notice they they were screwing over some of their customers doesn't make it any less of a screw over; yes IG can decide what markets they wish to trade in, but what they should not do is touch open positions taken out in good business faith; we fully understand the way leverage works, so if IG don't want the risk that situations will move against them dont offer the contract in the first place; I don't recall IG ever asking me if I would like to close my CFD position because it had been open too long in their opinion - happy to take the overnight fees!
  8. Nowhere within my original post does it state that I cannot tolerate losing £7500, also, my post states that the £7500 loss is from my FUNDS, NOT P&L, the pertinent issue is that it is my decision if and when a P&L loss is crystallised, not IG's.
  9. Again there is nothing in my post that suggests I don't also hold actual shares, which I do, or that the loss value associated with IG's actions does not fall within the percentages you suggest; I also trade CFD's to take advantage of the leverage. What I expect is when I make a contract/deal I expect it to be honoured, I don't expect to be sh@fted because its in their business interest. If I decide to hold some trades for an extended period that is my choice and I pay accordingly.
  10. There is nothing in my post that suggests the loss value related to one trade - in fact it was a number of positions closed by IG that were currently in a loss state but could easily return to profit within a timescale acceptable to me; one such example being SAGA, regarded by me as a pandemic recovery stock
  11. That is the planned action which necessitates dealing with Compliance first
  12. As required I have lodged a complaint with IG compliance as I believe there are a number of contractual points that undermines their actions
  13. So following the decision at the end of February 2021 by IG to exit certain share CFD markets of their choice I have today, through no fault of mine, lost c.£7500.00 from my funds through forced position closures
  14. As you rightly say, based on their decision making affect on existing customer positions, faith in IG being a decent ethical organisation is shattered - I would never have thought a company who had such a good reputation and project such s customer inclusive approach could **** its loyal customers on this manner; please email their Compliance department if not already done in case of future litigation
  15. @CharlotteIGIf you are sorry for the impact, please advise immediately what action you are going to take to resolve the fact you are going to remove £000's of funds from my account through no fault of mine by forced closure? And please, Charlotte, this is not an inconvenience, this is a disgraceful unacceptable business behaviour
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