I am furious. I have been a client for many years, but I have just lost all faith in IG. Hikma is on the list and is a FTSE100 company.. How do I know they won’t do this to any other position I open?
There are large spreads on many AIM companies 5hat I hold, so there will be a significant cost in closing my spread bets and buying shares. Why not just stop new positions being opened?
I am OK with Increasing the margin to 100%, but do feel that more notice should have been given - 4 days is ridiculous, and that’s assuming you saw the email immediately. I wouldn’t have opened a few positions in the last month had I known about this then, and I am now going to have to close these as well.
For existing clients, this action makes a mockery of IG’s stated commitment to be on the clients’ side, and helping them to trade profitably.