Who is IG
IG is a market maker for Contract For Differences on shares,
Forex and world stock market indexes.
Trading with IG
IG Markets has dealt the trades executed by their clients in two manners:
Manual and Automatic dealing. In both manners, IG breaches the Monetary
Authority of Singapore administered laws.
seeks to inform unknowing traders of IG’s practices and to seek the support and
aid of fellow victims. Fellow victims should stand together against IG by
pooling our knowledge, experience and evidences to seek for compensation and to
stand up for fairer trading practices.
At the same time, it is important to educate fellow traders of such
practices as these practices will ultimately involve everyone trading in IG.
A) All customers of IG can be
deemed to be victims of their unfair trade system and practices. Customers of
IG Singapore will expect that trades are executed by IG Singapore. However, based
on data and evidences gathered, this is not the case as trades are executed by
or IG Australia.
The execution of trade is a form of regulated activity. Only entities which
hold a Capital Markets Services (CMS) licence such as IG Singapore are allowed
to carry out the regulated activities prescribed under the Securities and
Futures Act (SFA) according to the Monetary Authority of Singapore. IG UK or IG
Australia, a sister entity of IG Singapore, does not hold a CMS licence and
hence is not allowed to deal (such as accept and execute trades) with the
customers of IG Singapore. Based on this, IG has breached their contract with
the Monetary Authority of Singapore. Hence, the customers of IG are affected.
B) IG Australia had delayed or withheld executing of trades to see whether IG
would profit or lose from executing trades (IG Australia had rejected after
delaying the trades although trades were executed at IG’s quoted price). This
has resulted in a loss of profits as trades that were legit were subsequently
My Evidences include:
- Unreliability of IG’s trading platform,
- How IG manipulates my trades,
- Unfair and non-transparent reasons for the rejection of my trades
- Unauthorized execution of my trades (my trades were routed to IG
Australia for manual execution when my trades should only be executed by IG
I seek to gain your support for my cause in seeking compensation and in fighting for fair trading practices. For further information and concrete evidences, please do visit website: www.igmarketsreviews.wordpress.com/