IG Markets - Platform Faults & Gotchas

[Uncle Festivus]

I'm looking at Pacific Trader with the trailing stops, although I see you have mentioned IG will have them soon too, so I may calm down enough to persevere, but still uncomfortable with the pooled client money accounts, I'd prefer my own account with the way things are going these days.

 

[>Apocalypto<]

I'm looking at Pacific Trader with the trailing stops, although I see you have mentioned IG will have them soon too, so I may calm down enough to persevere, but still uncomfortable with the pooled client money accounts, I'd prefer my own account with the way things are going these days.

Their head office fell over! Used their platform it's very basic. They charge u a 2 point spread on XJO and brokerage! It's 10-4 so any morning gaps will not be covered by your SL best run a GSL if they have them then u have to pay GSL fee! Forget about day trading. If u want to really trade futures and the spi then IB is the go, but the margins are steep compared to CFD providers! I hear it's 10K over night right now.

happy hunting!

 

[Kauri]

Hi Apocalypto..
That is quite a mouthful to spell on a Y day...
Are you still using Heinekin Ashey... I have an indicator coded now that gives it on a Multi-time frame (8 Time frames ) on the one chart i.e 5.. 15.. 30..60..240.. 1440..10080. and 43200.. min on the 5 min chart.. give us a hoy if you want it... (try doing that working out minutes when you've had a couple or five.. ).. (and thank heavens for the spell chequer )...

Cheers
............Kauri

P.S. little boxes down below are the heineken Asheys...

P.P.S. Untill an Aussie Broker goes with MT4 I ams taying with IG...

 

[Uncle Festivus]

Back to the conspiracy theory with stops getting hit....can anyone post a chart or verify the spike as on the chart below? AUDUSD 1 min. Probably nothing....

 

[Trembling Hand]

Uncle Festivus is that from today? and what local time is that?

 

[Trembling Hand]

Figured it out. Its in the Globex Futures and the IBs FX interbank spreads .

 

[Uncle Festivus]

Figured it out. Its in the Globex Futures and the IBs FX interbank spreads .

TH, I was actually after another IG chart for the same period to compare as I want to confirm for myself that all IG customers get the same data ie is it within the platform software ability to selectively quote to individuals, depending on if they have a stop in place, just enough to take out stops. Just want to put this level playing field issue to rest once and for all???

 

[Trembling Hand]

Just so happens I can provide that as well.

 

[Uncle Festivus]

Just so happens I can provide that as well.

Very good, thanks for that - conspiracy theory now dead

PS I've gone short on the AUSUSD, looks like it's failed a key point for me just now??

 

[franky87]

I am very happy with the service of IG Markets and the platforms they provide for the clients (If you are with IG Markets, you would have notice that every week they update new features to make things easier, like for example, currency convertion, fund withdrawal, or data feeds)

Recently, I was closing out a few short positions (for end of day trading) manually as well as by setting up a few limit order, I watched as the (buy) price went below my limit order and I knew it usually takes 2 ~ 5 minutes for the computer to close out a limit order. Anyway~, long story short, I went out and came back and saw my short position's buy back order have not been triggered, so I rang IG and explained and they confirmed indeed it should have been triggered but because there was no liquidity it didnt. The customer service dealing desk admitted it was their fault and so they fill me at my original limit order. I indeed was very happy cuz they help me fill my limit order at their cost (it was about $300).

 

[zenin]

Point wise, Where in relation to the SPI does the Aussie 200 on IG trade, 20 points below? Zenin

 

[Trembling Hand]

Point wise, Where in relation to the SPI does the Aussie 200 on IG trade, 20 points below? Zenin

post a tick chart with some points marked on it & I will tell you.

 

[julius]

Re: CMC Markets Aussie 200

What about the CMC Markets 'Aussie 200'. I figured it tracks the cash and not the futures ?

 

[zenin]

Can anyone using IGM load a chart as i can't do it, sorry.

 

[Trembling Hand]

Re: CMC Markets Aussie 200

What about the CMC Markets 'Aussie 200'. I figured it tracks the cash and not the futures ?

No way these things can track the cash. For a lots of reasons they have to be linked to the Futures. 2 main reasons. Futs lead the Cash so you would get a BIG head started watching the Futs and Indices are not Dynamic quotes from exchanges they are 10-15 second snap shot quotes. To slow to let someone trade a cash index.

Looking at CMC it is 6 points below the SPI ASK price

 

[zenin]

Hi again, Anyone able to tell me the price difference between the actual SPI and the IG Markets Aussie 200? I know it's exactly tick for tick, but i'm wondering if the 'live' trading price is set [xx] amount of points below the actual SPI trading price or above [xx] points. Just to get an idea of where SPI S&R points might be during live trading. Does that make sense? Thx Zenin

 

[Trembling Hand]

Hi again, Anyone able to tell me the price difference between the actual SPI and the IG Markets Aussie 200? I know it's exactly tick for tick, but i'm wondering if the 'live' trading price is set [xx] amount of points below the actual SPI trading price or above [xx] points. Just to get an idea of where SPI S&R points might be during live trading. Does that make sense? Thx Zenin

Zenin here is a 1 min SPI chart for todays open (from 9:50am) with the low at 5671. You should be able to work it out from that.

 

[zenin]

Zenin here is a 1 min SPI chart for todays open (from 9:50am) with the low at 5671. You should be able to work it out from that.

Once again TH - Many Thanks -- Zenin Out

 

[zenin]

OK, So 5657 being the low for IG Aussie 200. So 14 Points below the SPI.

Going to have to look into if they (IGM) are allowed to change this from day to day or if it's a constant 14 points below the SPI, Thanks again TH. Zenin

 

[zenin]

TH, Can post the SPI low for this morning, just wanting to see what IGM are quoting as the discounted price today and if it's indeed changed, Zenin