A recent example. On Jan15th 2015, the SNB removed the EURCHF floor at 1.20. As a result, IG manually aggregated client positions and started selling positions (margin calls & stop losses) about 10 mins after the announcement. By this time most of the liquidity was gone and by 10am (30mins later), most clients were given a fill of 0.9250. In comparison, FX PRO average fill was 1.11 and FXCM was similar.
IG see their whole manual process as completely fair and are chasing retail users for negative balances caused by IG’s 2600 point slippage. I repeat…..stop losses had slippages of over 2600 points! Other reputable brokers forgave negative balances.
IG did not even have the decency to email all clients on the day and explain what happened – other brokers did.]]>
ie : they subtract the margin requirment for pending orders set, as well as the margin requirement for actual live positions.
This means i can’t set more than a few pending orders without using up a huge whack of my account margin. Which is really daft.
So i am looking for alternative spreadbet providers who only calculate your margin on the basis of actual positions taken rather than on pending orders aswell.
I have a CFD account with CMC Markets which allows me to set as many orders as i like. And those orders only affect my account margin if they become live account positions. Which makes sense.
Any suggestions please for “spreadbet” providers who only calculate account margin on the basis of actual live positions ?]]>
The price had moved through my order price by 26pts before they opened it!
When i called them some sniveling git says to me “It’s slippage”
Slippage! 26pts! More like slippery if you ask me.
Now i know why they changed their limit targets from prices to points!
It’s a real shame that previously when Wheeler owned them they were quite trustworthy, but since he sold out they have become untrustworthy. Especialy when it comes to triggering orders. As for their charts – I can sum those up with one word – RUBBISH.]]>
ETX Capital is brilliant execution (even for scalping)except limited share companies to trade & spreads are a bit high – but I suppose you get what you pay for.]]>
IG control binaries and the odds r massively stacked against u when u think it’s such a small drop to zero………..its actually better from mid way!
If they deal the spread only, then why the concern by IG when u win consistently, they r the biggest dodgers going…. There is only one way to win trade the trend with stops brought up below swing lows and keep going until u get whacked out, small % risk to capital and time entries with very small stops…….and avoid indicators where possible except ma, trends and swings……..and SAR!