Ig Share Discussion Threads

[commander t] 22/2/2019 19:25

May we know the position you were trying to roll over? It wasn't something like pallladium was it?

[orangepeel] 22/2/2019 15:11

I wonder if anyone has had this experience using IG's spread betting service. Today I was told I could no longer open any new positions. I have never had any issues with IG or had reason to complain in the past. I hadn't used the platform recently but just went in today and closed an old position that was continuously rolling, went to open a new position and was refused. When I called them they asked me my income and savings figure for their records and then informed me they no longer wished to do business. How weird! you'd think if they only wanted large trading customers that they would have minimum trade sizes. I'm not overly bothered as I have accounts with other spread companies but it did seem a little personal. you'd think if they were bothered they'd run a credit ref check or something. Ive always been squeaky clean with my finances. I see the inactivity fee post above and that's fair enough, but to refuse business just seems odd. Can anyone enlighten me? forgive me if ive missed previous posts on the subject.

[phar lap] 22/2/2019 15:03

Trading update from CMC caused the spike down.

[rat attack] 22/2/2019 14:53

FCA statement on onshoring ESMA’s temporary intervention measures on retail CFD and binary options products
Statements Published: 22/02/2019 Last updated: 22/02/2019



The European Securities and Markets Authority’s (ESMA) temporary intervention measures prohibiting binary options and restricting contract for difference products (CFDs) sold to retail clients will become part of UK domestic law on exit day as part of the EU (Withdrawal) Act. UK firms are required to comply with ESMA’s measures until they expire in April 2019.

[rat attack] 22/2/2019 14:32

Vertical 5% drop!!

[woodhawk] 22/2/2019 07:58

Well, you'd have to be pretty stupid to leave cash in your account and do no trading for 2 years!

[stampylong trader] 21/2/2019 20:17

Hey anyone get this message with IG Index - they will take £12 each month if you hold cash in their trading account, and you haven't traded in the last 2 years.

This is -ve interest rates on cash!

---

We note you have not traded with IG for over two years, but there are still funds on your IG account.

From 1/03/2019, we are applying a monthly inactivity fee to all accounts that have been inactive for two or more years. Depending on your account’s base currency, the fee will be as follows:
Base account currency Monthly fee (in base currency)
GBP 12.00
EUR 14.00
USD 18.00
As long as your account remains inactive and continues to hold funds, this charge will be applied on the first of each month. Please note that the inactivity charge cannot reduce your account balance below zero.

Trading activity is defined as opening or closing a position, or maintaining an open position.
Avoiding the inactivity fee
This fee is only applied to inactive accounts. To reactivate your account, log in to our trading platform where you can start trading again.

Alternatively, reactivate your account by logging in and trading from one of our mobile apps.

If you can’t remember your login details or you want to discuss your account status, please contact our helpdesk on 020 7896 0079.

If you would like to close your IG account please email [e-mail] from the email address you registered with us, confirming the details of the bank account you would like us to send your remaining funds to.
Kind regards

IG

[11_percent] 20/2/2019 11:37

Plus500...what a mess.

[mister md] 19/2/2019 13:23

was hoping this would stay steady at 600p, but seems the carnage at PLUS is taking it's toll ?

[kamitora] 13/2/2019 06:57

For what it's worth, from Shore yesterday (page 6):



"Analyst Paul McGinnis retained his ‘buy’ recommendation on the stock, which a ‘fair value’ price of 800p. He has upgraded his recommendation twice in the past five months.

‘The negative share price reaction on both the December second quarter update and then again on the interim results in January, on barely any change to our forecasts, created a couple of excellent trading opportunities,’ he said.

‘However, we think there is more to go for as new growth initiatives will help IG to close the gap to our 800p fair value.’"

[gamesinvestor] 12/2/2019 15:40

Still, on a 52 week basis Plus500 is down less than 1%.
Perhaps a correction was overdue anyhow. Good old Peel Hunt had this as a buy on just 1st Feb.

Analysts eh? - don't cha just luv em!!

Games

[apad] 12/2/2019 12:05

FT
"........even though the readthrough between the financial bookmakers and Plus, a CFD lobster pot, is not exactly perfect."

apad😊

[tradejunkie2] 12/2/2019 11:47

Oh dear look at PLUS..... Oh dear god.

[arja] 12/2/2019 11:37

IG will not allow shorting of this stock which means they expect more downside I guess .

[apad] 12/2/2019 09:12

That's about it, Gamesinvestor. Decent para summary.
I use them for ordinary trading (their 'phone support is good and they have a project to improve the software interface) - they are rolling out this activity, Interactive Traders main competitor, safe divi - only things I would add.
Unfortunately I got up late this morning or would have increased. Well done on your timing.
apad

[gamesinvestor] 12/2/2019 09:00

Seemingly an overeaction - stock price recovery - managed to get in at 569 to add to my holding.
New on here, just registered and trying to get to grips with the message board system, very different to ii.

Despite the regulatory issues I feel, rightly or wrongly, that IG is still a good company from the perspective of having a highly profitable business, is global, has no real debt or pension issues and is capital light.

Puzzling how and why the CEO issue was not handled better - they should have announced the new one before the old one resigned, or maybe it came out of the blue.
I also worry about the Chairman who seems to have been everywhere and is on so many boards he's spread too thinly -- I'd prefer it if he had much more skin in the game in terms of his time commitment and a more decent shareholding.

Enlighten me if that's a wrong judgement.

Gamesinvestor

[kamitora] 12/2/2019 08:30

There's an argument that PLUS built out an awful lot of its business on crypto trading which doesn't make IG as direct a comparable as the market suggests, but as usual the market is going to shoot first and ask questions later.

[mobyrich] 12/2/2019 08:13

Knock on from PLUS results I'd imagine

[rat attack] 12/2/2019 08:09

Opens down 7.5% so what is going on here?

[deej4y] 23/1/2019 16:19

Works for me

[jimbo123elf] 23/1/2019 14:07

Can't access the webscast on their investor website. Couldn't access it live yesterday, and can't access the recorded version today. Is it just me? I have registered my email. Still won't let me in.

[gbh2] 22/1/2019 09:50

I halved my holding yesterday and repurchased today, the Divi looks solid and imo, the business looks to be set to expand during 2019.

[luderitz] 22/1/2019 09:13

Taken a battering this morning but recovered to some extent, see where we go from here. I also have no position.

[jaf111] 22/1/2019 09:03

Has been on my watchlist also....but i have bought (back) in this morning. Don't think there was anything unexpected in the results to justify the 10% fall!

Also like the yield

We shall see....