ig markets - a criminal broker

f2calv

Well-known member
May 18, 2014
1,317
277
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#46
@Jim898 so you're trading a wholly fabricated super volatile market-maker provided market aka. bitcoin - a market which recently has daily ups and downs well in excess of 10% a day and... you got stopped out by said market maker.
Riiight so I wish you good luck with that complaint :cool:
 
Aug 8, 2017
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#47
Need help

Why not just trade with a direct market access broker and these problems would disappear. Granted you need a lot more money in your account but at least you know youre not getting messed about by a SB company. You can open a proper direct market access account with $5k for futures and it gives more leverage than you'd ever need. I dont think you'll ever beat the SB companies as they make up their own rules.
Give me an example of a DMA broker! I thought IG is a DMA broker.... Can you help me by giving me few examples of DMA broker? How can I recognize a DMA broker from a SB broker?
I need help as IG broker just closed most of my hedged positions because they suddenly increased the spreads ... they increased the spreads on my open position to the point that my available fund went to -900 within minutes.
 
Sep 10, 2011
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#48
Give me an example of a DMA broker! I thought IG is a DMA broker.... Can you help me by giving me few examples of DMA broker? How can I recognize a DMA broker from a SB broker?
I need help as IG broker just closed most of my hedged positions because they suddenly increased the spreads ... they increased the spreads on my open position to the point that my available fund went to -900 within minutes.
if you dont know what DMA stands for better be careful with trading overall

dma = direct market access = futures markets not OTC = over the counter
with DMA no one but the market sets up the spread... you see real buyers and sellers no third party messing in the prices
 

Kear

Member
Jan 15, 2018
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#49
Just a massive slot machine at a casino, that's all l can say about IG . Never again, much better brokers out there, better than these crooks.
 

hatemypips

Active member
Nov 11, 2014
224
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#50
Just a massive slot machine at a casino, that's all l can say about IG. Never again, much better brokers out there, better than these crooks.
What's happened bro? Let us know more about these crooks
 

Kear

Member
Jan 15, 2018
64
5
8
#51
Basically, everything, from tickets not going through til after a big swing in the opposite direction, telling me to call if l needed them to switch out a contract from one about to expire to one further into the future. I did that and then they told me l needed to deposit more funds, even though it was hedged, so flat.
Refused to close my longs til l deposited more funds, l did that and was only allowed to close 10-15% of those positions then wanted even more money. After depositing further funds, and then slowly exiting everything, noticed my funds going down, only to see interest charges and price change on futures nibbling away at it and then forced to close everything out before they cleaned me out completely. It was endless, l should have ended it months earlier.
 

FXX

Well-known member
Oct 12, 2017
1,103
175
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#52
Sounds like a sh!t show Kear. I am reluctant to go with a bucket shop even if they are tax efficient. There is something about them taking the other side of my trades that bothers me.
 

Kear

Member
Jan 15, 2018
64
5
8
#53
That's true FXX and l know they take the other side of our trades, Capital spreads used to, but they got bought out by Intertrader, and Intertrader do not trade against their clients. I may go back to them in the future.