Ig Share Discussion Threads

[tsmith2] 09/10/2018 12:38

Looking precarious

[edmondj] 08/10/2018 21:32

zangdook,

It may be the underlying IT platform a variety of brokers use, I forget the name but it was cited e.g. in association with dividend/cash transfer delays at the tanfastic Barclays 'Smart Investor'.

I quite despair at the state of modern online broking compared with a decade or so ago.

[tsmith2] 08/10/2018 15:41

Support at 5.5 (not much) and 5?

[tradejunkie2] 08/10/2018 15:23

Kitti cats!

o.O

[terryfx] 08/10/2018 11:47

That's the sub-custodian's job. It happens occasionally

[andrewclarke99] 04/10/2018 09:15

IGG is having a small move up this morning.

[jitters3] 01/10/2018 12:47

Having a day trade on IGG today nice swings either way

[arja] 01/10/2018 10:44

rochdaer,
how true and chart looks awful and dam IG would not allow me to short it with my CFD account . I think their clients' funds are safe as segregated in worst case scenario of it going under . Too early to think that might happen yet and they need management with some innovative ideas !

[n73] 28/9/2018 16:37

Like smoking kills.

[rochdae] 28/9/2018 15:01

IG's valuation is based on rapid growth. It may compete in retail brokering industry but it won't be an easy ride.

The reaction to the CEO going and the profit warning is to be expected.

I think IG's revenue will be hit far in excess of their predicted 10%.

Margin requirements have gone through the roof for the non-professional. Trading velocity has been slashed as a result. Higher deposits required with reduced risk.

All pretty dire for the spread betting industry.

Personally, have no sympathy. They made millions out of the misery of addicted gamblers imo.

[edmondj] 28/9/2018 14:40

How are these predominantly spread-betting/CFD business models going to thrive when all advertising now has the required risk warning: how people using them 'lose' some 80% of the time?

No position, just wondering if the likes of IG represent a worthwhile stockbroking alternative to the deteriorated likes of Barclays or over-priced/complacent Hargreaves - or IG will just take more money from retail broking clients to substitute those they lose from spread-betting/CFD's.

[arja] 28/9/2018 14:12

I checked to see if I could short this stock but , as I expected , shorting is not allowed . They know which way it will go !

[arja] 28/9/2018 13:48

I do not follow IG share price as too busy trading CGDs using their plratform.
I just noticed the awful looking chart and can someone tell me if the decline happened before the EU rulings or immediately after it ? thanks

[smurfy2001] 28/9/2018 12:15

Ouch going to need a few quarters to determine the impact

[gbh2] 28/9/2018 09:50

Next leg down 620p and then back to my original buying price of 540p, at which point I may buy back in.

[cinquepercento] 28/9/2018 09:48

I agree with you Rochdae re:spread betting.
These sort of companies are casinos and have been encouraging dreamers to take huge risks on huge odds.
There is a small percentage of professional players whose high odds winnings are paid for by all the loser who are in the majority.
What scared me off joining a year or so ago was that I could get my broker to spread bet on my behalf but the contract stated that my losses would not be limited to the money I held in that account,if the broker or trader got it wrong.
In other words,the trader could run up debts far exceeding £5000 account balance etc and I could lose my shirt.
I know of very intelligent people,normally good at making money, who have tried spread betting but still lost out due to the timing of the share movement etc as they were not able to watch the share movement constantly.

[rochdae] 27/9/2018 23:47

IG just being re-rated. The easy money shafting the amateur trader is gone. In a way it was an almost criminal act. Taking massively volatile markets and offering huge gearing on bets. People losing everything and the spread betters smiling all the way.

That's coming to an end.

I see further pain here ..

As to whether the company survives will depend on its ability to become a legit broker etc... But there's competition at that level, too.

[smurfy2001] 27/9/2018 22:34

What stealth charges? I’m an IG client.

—-

Kamitora27 Sep '18 - 16:46 - 1819 of 1820
Despite the stealth charge increases

[gbh2] 27/9/2018 17:20

I'll not be abandoning the Share dealing ISA because my Trading routine is well within the new requirements, I simply mention it because imo it's not the way to attract new customers or keep boarder line customers that don't trade frequently.

[kamitora] 27/9/2018 16:46

Despite the stealth charge increases (not a major financial issue but I disagree with the approach as I don't think it's the right way to treat customers), the IG share platform (basically, the same as the old spreadbet platform), is pretty good from a functionality and cost perspective. IG should probably push it harder now their derivative client profits are getting squeezed.

One potentially serious omission from the share platform though is the lack of dividend reinvestment options:



It's worth reading through this - partly for the requests, partly for the length of time involved, partly for the IG 'hopes' that don't come to fruition, and partly for the bit at the end where IG consciously/unconsciously give their customers the finger saying 'this thread's old* we're closing it.' *read: inconvenient. Which brings us back to the topic of IG gravitating towards poor/patronising customer relationship management.

And I'd add to this their constant exaltations on the derivative side to become a 'professional client' while possibly glossing over the very real and also future unknown downsides that this may entail for these reclassified individuals (to be fair, most derivative providers did the same).

I think IG are a good broker but it would be better if they were channeling their energies into beating their competitors rather than beating their customers (which after nearly 20 years with them feels like a relatively new and worrying phenomenon).

[gbh2] 27/9/2018 16:03

It's the number of Trades in the preceding month, to qualify for £5 that have increased and the conditions for not attracting a month fee.

[wildshot] 27/9/2018 14:04

hatfullofsky I don't see what the issue is? Since I signed up 2 years ago it was £8 per trade unless you were a frequent trader or placed a spreadbet in the prior month, in which case it is £5 a trade.

The only change in charges I'm aware of was much earlier this year when they brought in a quarterly fee of £24 which can entitle you to 3 free trades a quarter.

Even though it is a basic, no frills share trading platform, £8 per share trade is pretty darn competitive and appealing. Cheaper than ii and cheaper than the £12.50 I used to pay with TD Direct or Com Direct.

[edmondj] 27/9/2018 10:41

gbh2,

Are you able to copy/paste these new terms & conditions, for those of us weighing up IG as a potential broker?

Thanks in advance if so.