IG Markets Broker: Reviews and Specifications

Comments

1. David Stein says

   December 7, 2013 at 6:17 am

   Thanks to this forum and fellow reviewers. I have deceided to stop trading and get all my money out of my IG Markets account ( Now IG.com.au ). They will make you think that your successful to get your confidence up. Then after you have taken bigger and more risky trades. They start there cheating, and use many criminal tricks. Thanks to this forum .I know have realized that Ig Markets has changed there PDS for the fourth time this year. http://www.IG.com.au current Australian PDS “product disclosure document” is as follows. Electronic Transactions: Page 20 Paragraph 2 “We have no obligation to accept or to execute or Cancel”.Also (Point(4)You acknowledge we have the right unilaterally and with immediate effect, to suspend or terminate at anytime, with or without cause or prior notice” Also 10. Manifest Error: Page 21, p1. We reserve the right to, without your consent, either void from the outset or amend the terms of any Transaction. Also this is hidden in the MISCELLANEOUS: page 28, p1, We reserve the right to Suspend your account at any time. If we Suspend your account, it means that: you will generally not be permitted to open any new Transactions or increase your exposure under your existing Transactions, but you will be permitted to close, part close or reduce your exposure to us under your existing Transactions; you will no longer be permitted to trade with us via our Electronic Trading Service, rather you will be required to trade with us via the phone( NOTE: PHONE!). Also read paragraph 7,8. PROVIDING A QUOTE: Page 18, p4, p2, p2-5,p3,p7. MARGIN AND MARGIN CALL PRACTICES: page 24, p6. THE SERVICES WE WILL PROVIDE: page 17, p3,p4,p4-b,p4-c,p5,p5-b,p8, MUST READ (P10). CONFLICTS OF INTEREST: Page18, p2-b,p2-d,p2-e,p2-f,p4. AGENTS is now located in DEALS PROCEDURES: Page 21, p1. COMMUINCATIONS: Page 23, P1,p3,p4,p9,p12,p13,p14. FORCE MAJEURE EVENTS: Page26, p1, p2, p2-b, p2c. These UK companies are being protected in Australia because we have an English/Welsh based legal system, they know the legalese loopholes. Bucketshop, professional criminals and all is true what some of the previous reviewers have written. There employees must inform the relevant authorities to take action. A whistle blower is a hero in my books!. Also to close your account you must call the dealer and force them to close all your orders. You can trust me because I have all ready done it. Thank you for saving me and my savings.
   Note P,p = Paragraph

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2. Duff Cooper says

   September 21, 2013 at 9:10 pm

   IG Markets (IG Group) allegedly are a “Bucket shop” and “Boiler room shares”. I have traded with this company since 2006. They are dispicable and there employee’s must have no soul. One of the previous reviewers Damien, had a smart Idea to quote the legalese. He was right because there new “product disclosure document” has been changed. So I will now quote on what page’s you must read. Starting with:Page 21 paragraph 2 “We have no obligation to accept or to excute or Cancel”. Also (P) 3&4You acknowledge we have the right unilaterally and with immediate effect, to suspend or terminate at anytime, with or without cause or pior notice. All or any part of our electronic service. Page 19 paragraph 4: At our discrection, treat such a transaction as void. Also of the utmost importance read these pages and paragraph’s, Page 4 (3.11, 7), P5 (3.11), P9 (4.1, 7.10), P16 (9.1), P18 (2.4,9,10), P19 (2.d, 3, 4, 7), P22 (9.1,10.1, 11.1), P23 (13.1, 13.2, 14), P29 (26.1, 7). Bucket shops were banned in America after the 1930s stock market crash. Why is the Australian Securities and Investments Commission protecting Cfd providers. I feel in my opinion they are traitors to all investors. Anyway please take screenshots, video and record all conversations. And never use there internal email(page23, *13.1). They are professional soulless criminals. Good luck Duff Cooper and Thank you to this forum for standing up for all of us!.

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