IG Index Discussion

Hi

I am one of the several traders who have been affected by the CHF chaos and my very reliable Broker Alpari UK is in trouble and I am looking to move on.I am openning this discussion to see if IG Index is a good alternative especialy for those in UK who do Spreadbetting.

Please feel free to mention anything you have experienced whilst trading with them so that we can help each other in these times of crisis

Hi,

I have been trading with IG for a while. They are quite good and offer a lot on their platform. The negative points are that they roll overs are quite high, and they are chasing me for a negative balance.

good luck

Hi Rudimar,

I have the same situation with IG a negative balance of about 5 times my deposit. Are they still chasing you for paying the balance? Any solution for this case?

Thanks

Same here....and there are over 300 others affected

They reel you in and then when push comes to shove.....they shove you off a cliff

How much transparency have they given regarding negative balances? None..... what they do is sneakily chase up and scare each person individually into paying up.

I would go with a firm that will look after you when sh1t hits the fan......

Isn't it fair for any Broker to chase you for negative balances given what happened to my previous Broker Alpari?

It is fair to chase yes. However in this case they were the root cause of the slippage. They took time to check positions, aggregate them and then try to sell them in an illiquid market. In fact, users got fills around 10.11...about 41mins after the event.

Try asking them for a timestamp of the trades..... They don't have any. I'm sure that is breaking one of the FCA rules!