IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets – including shares, indices, forex, commodities and binaries.
Established in 1974 as the world’s first financial spread betting firm, its aim is to become the default choice for active traders globally. It is already an award-winning multi-platform trading company, the world’s No.1 provider of CFDs* and a global leader in forex, and will be launching its new execution-only stockbroking service in late 2014.
It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific and the US, where it offers limited risk derivatives contracts via the Nadex brand.
*Based on revenue excluding FX, published financial statements, August 2013.
Country: United Kingdom
The Petition to the clients of IG which is a Contract For Differences market maker
IG is a market maker for Contract For Differences on shares, Forex and world stock market indexes.
Trading with IG
IG Markets has dealt the trades executed by their clients in two manners: Manual and Automatic dealing. In both manners, IG breaches the Monetary Authority of Singapore administered laws.
This petition seeks to inform unknowing traders of IG’s practices and to seek the support and aid of fellow victims. Fellow victims should stand together against IG by pooling our knowledge, experience and evidences to seek for compensation and to stand up for fairer trading practices.
At the same time, it is important to educate fellow traders of such practices as these practices will ultimately involve everyone trading in IG.
A) All customers of IG can be deemed to be victims of their unfair trade system and practices. Customers of IG Singapore will expect that trades are executed by IG Singapore. However, based on data and evidences gathered, this is not the case as trades are executed by IG UK or IG Australia.
The execution of trade is a form of regulated activity. Only entities which hold a Capital Markets Services (CMS) licence such as IG Singapore are allowed to carry out the regulated activities prescribed under the Securities and Futures Act (SFA) according to the Monetary Authority of Singapore. IG UK or IG Australia, a sister entity of IG Singapore, does not hold a CMS licence and hence is not allowed to deal (such as accept and execute trades) with the customers of IG Singapore. Based on this, IG has breached their contract with the Monetary Authority of Singapore. Hence, the customers of IG are affected.
B) IG Australia had delayed or withheld executing of trades to see whether IG would profit or lose from executing trades (IG Australia had rejected after delaying the trades although trades were executed at IG’s quoted price). This has resulted in a loss of profits as trades that were legit were subsequently rejected.
My Evidences include:
- Unreliability of IG’s trading platform,
- How IG manipulates my trades,
- Unfair and non-transparent reasons for the rejection of my trades
- Unauthorized execution of my trades (my trades were routed to IG Australia for manual execution when my trades should only be executed by IG Singapore)
I seek to gain your support for my cause in seeking compensation and in fighting for fair trading practices. For further information and concrete evidences, please do visit
To sign the petition, please do visit
Like a casino when you start you win, then everything changes , and you are taken to the clener .
Most of those ganecy and broker they use the same software all linked to eachother, they run super computer software that ordinary person does not know .
They can run the price down until all traders are clened up ! They earn commission for this , two commission, yor money and the bank stock money !
Those firms they appear to be regulated, yes we know they are regulated by crooks !
Of course any casino has his winner otherwise no one would want to go there ! its the same here ,
on 100 traded tickets going long , 97 % of them the rpice go down . It shows how verything its very well rigged against .
Save your money !
See link in post to read about a big loss on Binary markets
Binary Option is not for me
All I need to say is I am disappointed. Didn't realise how good my previous broker was.
Gave IG another chance with their DFBs as execution is good (provided you don't go in at market it almost mimics DMA, that's obviously the aim) and the platform has always been v.nice. But it's a mirage, watch for old tricks.
e.g. Nice EUR gap Sunday night open gave a quick 11 points, but they turned a blind eye to that as presumably there weren't many traders... or if I let paranoia get the better of me maybe that was just my price. But I don't mean it was a flash move up/down, I mean it was up for 30 mins or so with IG quoting 10 points off the mark and with a wildly fluctuating spread. If they were that blatant at peak times they'd be out of business.
Then tried them again, not because I suddenly trusted them but because I liked their deal-thru charts from ProRealTime, and this time suffered truly epic slippage. Which is bizarre as I don't believe these small bets are actually traded through the underlying markets. And they didn't do me the honour of adjusting my stops & limits accordingly, just money straight out of my account and into theirs.
Spoke to their customer service guy and he blathered on about how '...all trades go to the underlying market... well nearly all... well, some don't... well most go through... ok some are in-house' and that's all I needed to hear.
I don't trust any spreadbet co. from past experience so watch for the tiniest impropriety, I'll not get mugged again. So now just left with Prospreads so if they do something daft guess I'll have to get a proper job.
One point might seem harsh given everything else seems fine but you can either trust someone with your livelihood or you can't.
worst experience with IG
New Low Spreads - until the market opens!
THEY NEVER CHANGE!
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