[IG has shown it's true colours and is restricting BUYING of AMC and GME]

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

[GameStop (Wall St vs Main Street)]

Trade212 users have been going through this for some time and put together nice material on next steps: https://www.reddit.com/r/Trading212ActionGroup/comments/l8lidm/follow_all_these_steps/

Our situation is very similar.

PS. HOLDing the line.

[IG has shown it's true colours and is restricting BUYING of AMC and GME]

Trading212 organized on reddit and put together some great material on next steps. Highly recommend read: https://www.reddit.com/r/Trading212ActionGroup/comments/l8lidm/follow_all_these_steps/

[Trading restrictions on GameStop and AMC]

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!

[Can't execute GME buy orders]

Hi,

I am on retail spread betting. It wont accept my GME BUY orders. I even switched "fill order" setting to a "market order", which according description should execute no matter what,even at the "wrong" price.  What I get is an error popup, saying something went wrong, suggesting to call a helpline. It's been 15 minutes I am on the phone waiting for IG to pick the phone and talk to me.

Are you pulling Robinhood on us?

[Why was my buy order executed WAY higher?]

I am doing spread betting, retail. Before market opened, I placed buy order @ 240  , market opened ~ 380 and that is roughly the price my order was executed that. Why did it do that? I placed it at a specific price for a reason. I understand it can be not exactly the price, but 380 vs 240??

I there anything I can do to prevent it from happening again?

Thanks.

[Why there are still margin calls when margin rate is 100%]

22 minutes ago, Kodiak said:

If you are retail 

Then you have also this ESMA 50% close out rule,

Search the forum

Thanks, good to know! I wish I could opt out

On a closer look at the end of the day statement, I noticed that order I put before market opened was executed at 20% margin rate, so there was some leverage used, despite UI showing margin rate 100%

[Why there are still margin calls when margin rate is 100%]

Hi Charlotte,

you may misunderstood my question or maybe I misunderstood your answer

I am not asking why margin rate is 100%. What I am asking is that when I buy at that rate, there is essentially no leverage, whole my position is covered by cash, right?  So in theory my equity should be able to go down to zero without a single margin call, that's because everything is covered already and IG is not exposed.

Yet I received margin call emails and had to topup my account, hence my question.

Thanks.

[Why there are still margin calls when margin rate is 100%]

I don't understand and would use some help. On my spread betting accounts current margin rate is 100% for all tiers. The way I understand it is all positions are cash covered, why there are still margin calls when underying stock goes down?