Godlike Productions - Discussion Forum
Users Online Now: 2,235 (Who's On?)Visitors Today: 1,502,591
Pageviews Today: 2,498,604Threads Today: 1,001Posts Today: 17,831
11:19 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

IG Index, are all stock brokers robbers?...

 
Anonymous Coward
User ID: 64982559
United Kingdom
01/30/2015 02:47 PM
Report Abusive Post
Report Copyright Violation
IG Index, are all stock brokers robbers?...
[link to pbs.twimg.com (secure)]

[link to pbs.twimg.com (secure)]

[link to pbs.twimg.com (secure)]

[link to pbs.twimg.com (secure)]


Could you trade profitably if this happened to you?..
Anonymous Coward
User ID: 67419097
Canada
01/30/2015 02:49 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
The PC term is "front-runners"
Anonymous Coward
User ID: 67529325
United Kingdom
01/30/2015 02:53 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
Can't see a thing from those pics. What are you trying to say?
Anonymous Coward (OP)
User ID: 64982559
United Kingdom
01/30/2015 03:20 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
I opened a sell position at 1.1276 on EURUSD at 23.02 at £38 per point. I had £1140 to cover my position (almost 30 points or 1.1305). At 00.09 IG CLOSED 2/3RDS or £25 per point automatically at a price of 1.1296 and then 7sec later the price peaked at 1.1297, or .6 of a pip to be exact, basically they closed 2/3rds of my position 7 secs before the price peaked and then I was left with 13 per point as the trade went in my favor...

Can they back paint this in retrospect or was I extremely unfortunate as the broker says?.. The million dollar question..

I have a great 28min phone call with the joker manager, sorry broker manager... if anyone wants to hear it...

If a moderator can post the pics or explain how to then it will help..

waitwhat
Anonymous Coward (OP)
User ID: 64982559
United Kingdom
01/30/2015 03:24 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
The PC term is "front-runners"
 Quoting: Anonymous Coward 67419097



The PI term (Politically incorrect) is "people who don't have any skills, scam others"
Anonymous Coward
User ID: 67529325
United Kingdom
01/30/2015 03:50 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
So they closed your trade before your stop-loss limit kicked in?

Do you think your stakes were that big for them to scam you?
Anonymous Coward
User ID: 67529325
United Kingdom
01/30/2015 03:53 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
^^Ignore that. So you shorted the Euro and they screwed you out of £228?
Anonymous Coward
User ID: 1882328
United States
01/30/2015 04:19 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
I tried trading once.

I worked out a system of Fibonacci moving averages that was uncanny for picking tops and bottoms.

To prevent the broker from controlling my money or having any information on what I was doing, I tried putting my trades in only at the last second.

That is, for instance, I would watch the trades trending along, but I had a bottom picked for the washout, with the trade ready to go as soon as the price started to move.

As soon as I went to pull the trigger on the trade, my computer would die.

The stock always went to just pennies below my mark and bounced back into the original channel within minutes.

Each such trade would have netted me from 8 to 12 thousand dollars within minutes.

The first time the breakdown happened, I thought it was a glitch, but it happened dozens of times - every time I pressed the trade button.

When I called the broker, she was quick to protest that they weren't hutting down my computer - before I even said anything.

I decided it was a crooked scam and got out of it.

On the other hand, I don't blame the brokers for not wanting to give away the lion's share of the best trades.

They would go out of business too quickly.
Anonymous Coward
User ID: 1882328
United States
01/30/2015 04:24 PM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
By the way, their general excuse was that the computers went down from the volume of trading.

It was BS. When I merely watched, the computer never went down, even when volumes were much higher.

It only blacked out when I went to make a trade, and usually on very ordinary volume.
Anonymous Coward (OP)
User ID: 64982559
United Kingdom
01/31/2015 04:24 AM
Report Abusive Post
Report Copyright Violation
Re: IG Index, are all stock brokers robbers?...
So they closed your trade before your stop-loss limit kicked in?

Do you think your stakes were that big for them to scam you?
 Quoting: Anonymous Coward 67529325



Multiply my approx loss of £500 by thousands of clients and then it seems worth it...





GLP