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IG Markets Reviews
| SCAM | 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. 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 | David Stein | 06.12.18 |
| SCAM | Its SCAM, Pull all your money back asap just yesterday I lost all my money in 10 seconds because the IG so called market related violated market price. check ASX 200 5150 call on 16/10/2014 60 points in 10 seconds very nice try. WELL DONE IG market. Thanks for taking me money I am glad I just 1000 dollars. I was try to put 200 K in there and they stop me earlier. | Tim | 17.10.18 |
| SCAM | they are scam ! they will drive against you until you loose all your money, crooks at work | west | 11.10.18 |
| SCAM | It is a definite SCAM. I have been using until I realized that they are SCAM. Asked the to close my account asap. | daniel | 09.10.18 |
| SCAM | 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!. | Duff Cooper | 21.09.18 |
| SCAM | IG is an absolute scam, they make money by betting against their clients. Stay away from it. Money hungry sharks. ASIC has to come in to abolish these providers at some point | David March | 28.07.18 |
 | My stops always got hit no matter how far they were and less than 5 points later market would move hundreds of points to the opposite !!! IG shouldn't be allowed in Australia. They rip people off by micromanaging accounts. | Lassy | 14.07.18 |
 | Learn to trade first with smaller deposits ladies and gents....... If you'd are expecting serious volatility on any trades.......don't trade ! Never had a problem with them, great platform, only losses ar e my own mistakes. | robert tilley | 11.07.18 |
 | Been trading with IG the past couple of years. Very good online platform. Quick response to questions. Money on account after 3 days when removed from IG account. Forex high/low swing values correspond perfectly with other brokers values. One must accept that your final entry or closing price does not exactly match displayed market price. This is called slippage. Read about it, it's normal across all trading platforms. I have made more than 2 000 trades so far and currently making money believe it or not. I have not suspected IG for any time to perform any scam operation against me. My losses have been solely my own fault due to tight stop loss or poor chart analysis. I advice to calculate carefully your risk every bet you make. Potential loss is not equal to the displayed margin. This is why I will not give IG full five stars for their app solution. Otherwise serious impression. | John | 10.07.18 |
| SCAM | Yes indeed, Scammers without parallel who will micro manage your account. I was stopped out at a fictitious low and after realising this, pulled out my money. The next morning, I got a call from my account manager asking if " everything was ok?" During the current Grexit volatility, they've taken to just closing the indices down over the weekend. | Greg | 09.07.18 |
| SCAM | Keep you hard earned money under your pillow. At least if the house burns down you may get some back from insurance. Like most big brokerage companies they front run all the orders. High frequency trading computer systems etc. You can research this quiet easy if you take the time. They know where your at, where your stop and limits are. My account manager could bring up so much info on what i was doing when id call. And like any business to make your bonus you must make the company money. And at the expense of the hard working person. Just take a look at their own share price! | Shane | 06.07.18 |
| Suspicious activity.. I think is very difficult to proof. I presume to have been victim of their politic. Btw is that possible they have different values in the market comparing with other brokers? I would like to go through this episode. Ultimately they can decide what they want. | Tony | 17.06.18 |
| SCAM | 1.)They try to hunt my price by adding extra 5pips against my my direction , which make them earn extra money. 2.) When I trade GBP/jpy, USD news out it also affected my yen pair some more they quoted the price higher 10pips and cut my stoploss. These idiot broker are a Biggest Scammer, Jz stay away frm them if u wanna be save. No Joke. | Kenny | 02.06.18 |
| SCAM | I have an account with them, and left for 3 yrs. I when re-login $2,000+ gone missing. I email them but their answer is that they can't get the record back. | JJ | 28.05.18 |
 | Great platform. If you have enough brain cells to use it correctly. | Alex | 21.05.18 |
| SCAM | Holy c*** c*** this mob are nigerian scammers at the best of days.... I have photo evidence of limits not getting hit and then markets moving against me. Incorrect data Markets moving against my trades until im automaticall shut out then 1 point later the market reverses back after all money has been taken. What a chop shop I was a s*cked in gambler who should have stuck to fully franked dividends and yields Hey mods Is there anyway i can post up pics??? | 07.05.18 | |
| I tried to open an account and they said that the level of my wealth is not appropriate. I was like wtf? On theyre website it says no minimum deposit and suddenly the level of wealth is not appropriate. Man i dont know what theyre game is but it surely its not right. They change theyre wording far too often to be taken seriously. | John | 28.04.18 |
| SCAM | Scammers lost 40k with their dirdy tricks | George | 15.04.18 |
| SCAM | Absolutely disgusted with their inability to act quickly during a large market move (took over 10mins) and filled client stops over 2400points worse. This could be forgiven if they then didn't have the nerve to chase clients for hundred of thousands of pounds in negative balances caused by themselves. IG will be pick and choose whether it is acting as a bookie (principle) or reliant on liquidity providers (agency). I hope this raised some awareness....PLEASE BE SAFE out there. Don't risk losing your entire savings and potentially your family home | Max Trey | 26.02.18 |
| SCAM | Please stay away from IG. If you take the time to read the contract, you will see it is specifically built to damage the client in all circumstances. The Customer Agreement is basically drafted to give IG the right to choose which horse won independently of what actually happened at the race! Furthermore, they claim execution times of 0.1s but on 15-Jan it took them an hour to execute stop orders. | MegaLon | 26.02.18 |
| SCAM | On Jan15, 2015 when the SNB removed the floor, IG had a huge slippage from my stop level I set at 1.1996 to 0.9250. I lost my deposit of just a few thousand pounds and I now owe them over 20k. I complained but they said that I need to pay up. There are a group of 40 trying to fight back. We're just ordinary people up who lost everything due to their own bad risk management and poor practice. For the sake of your families. do not go near this company. It prides itself as FTSE 250 company but while other 'lesser' companies forgive negative balances - IG are actively chasing. Watch out! | Losteverything | 21.02.18 |
| SCAM | IG is a scam I lost $800,000 with them stay away. Stops always get hit and very bad connections cant close trades. | Andy | 17.01.18 |
| I have to tell by my own experience, IG is a massive manipulator.. It's just ridiculous they r operating with impunity!!! They closed my stop loss trade, the next day I checked the chart on IG, it never crossed the stop limit !! Would u believe it, when I phoned, they said its bcos that's not the chart they used to close trades!!! Oh my god !! Next thing I know ASX was up more than 200 points the next few days. If u have heaps money and ur trade is very small like 1/100000th of your capital. It's a good platform!! | RichMan | 09.01.18 |
| SCAM | These are scammers and I think they are all working together. Very dodgy arbitrary price movements. If price is moving up the moment you buy it stops. If price is falling themoment you sell it stops. They may leave you to make a few gains but they will penalise you heavily when they got a chance. I am talking I G Index!! | Effy O | 02.12.17 |
| Perfect broker, no problem, wonderfull iphone api | Oliver | 09.10.17 |
| this is one of the worst bucket shops in the universe, stay away! dealing desk type of broker, even their ECN is fraud, they are liars and they only wan't your money. they are NOT honest, | Billy | 05.10.17 |
| SCAM | They like to shake you out on your stop losses, beware. | noobe | 30.09.17 |
 | HI THERE YOU DO NOT HAVE THE BROKER CALL IG MARKETS SO IF YOU CAN ADD THAT BE NICE WHAT HAPEN I HAVE OPPEN ACCOUNT WITH THEM 6 DAY AGO IN 4 DAY COST ME ON ONE TRADE $1393.00 ON ONE TRADE RESION THERE PLATFORM WAS SHUT DOWN FO 3 HOURS SO I DID TRY TO CALL THEM NO ANSER IT WAS EVENING TIME SO WHEN I TALK TO THEM WHY I HAVE TO PAY MARGEN CALL HAVE MADE ON MY POSISION WHAT THEY SAY YOU ARE RESPONSIBLE OH ANY WAY I CLOSE MY ACCOUNT AND GOING TO SEE BIG CALL CFTC LETS SEE.... | Darmind R | 10.06.17 |
| SCAM | ITS A SCAM THE PRICES ARE MOVED UP AND DOWN TO TAKE YOUR MONEY YOU WILL NOT WIN THEY PULL THE STRINGS DONT DO IT PUT YOUR MONEY INTO SOMETHING TANGIBLE | 07.06.17 | |
| It appears that IGMarkets has given up in the US. Their website is down and the phones simply ring. I received a welcome email from PFG last week and thought it was some kind of error. I called them tonight and was told that they had been receiving numerous calls but they did not know what was happening. I do not believe that this is a scam as IgMarkets is simply too big and substantial and I did log into their UK site, but they knew nothing also, I sent a message to Dan Cook , who is in charge of US operations on LinkedIn and have not had a reply I think that this sheds IG in a very dim light for keeping clients in the dark. If anyone knows what is happening please let me know. Alex Findlay | Alex Findlay | 16.05.17 |
| SCAM | It is a scam. 1. Can feel system changes if you don't lose. 2. Always close in favor of your opposite, some points before getting your stop or limit. So you cannot use the stop and limit on the web platform. till now, i cannot say any reliable broker, but I dare say IG is scam. | lz | 24.02.17 |
| it seemed that the Runing P&L and Available balance is always go against you, the available balance is always drop tremendously without apparent reasons. | Sam, | 07.02.17 |