IG Markets

Discussion in 'Stocks & Derivatives' started by mmm....shiney!, Jan 28, 2020.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Had to cut the still beating heart out of my first born son before they approved a withdrawal.

    Damn it took over a week, countless emails verifying my funding accounts, some cryptic shit from them in response which I still can’t understand and a complaint lodged with AFCA.

    But I got my $312 in the end. :eek:
     
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  2. madaw1

    madaw1 Well-Known Member

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    We should be grateful these days that we can have our money back from some financial institution.
    I'm with CMC-no problem.
     
  3. Davros10

    Davros10 Well-Known Member Silver Stacker

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    So what's that make your hourly rate to get your own money?
     
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  4. scott_reeve

    scott_reeve Active Member

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    IG … the Jetstar of the online stockbroking world.
     
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  5. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Yea, I signed up for an account a few weeks back. Had a bloke call me, unsolicited, and leave 3 voice messages within 24 hours!!!.

    Seems they'll happily take my money, but good to know its not so easy to get it back. Cheers.
     
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  6. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    They have a different way of holding your stocks too. They don’t issue CHESS statements as they act as a trustee and hold your portfolio on your behalf.

    There’s also the small matter that you need to do 3 trades every quarter or they slug you with a $50 account keeping fee.

    I’m in the process of transferring all of my holdings to another broker.
     
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  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Let me know which one you choose.... I might bail out of IG too.
     
  9. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Doesn't convince me... due to my experiences over the last few years, I rate Jetstar way above Qantas. :cool:
     
  10. mal

    mal Member

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    Anyone tried the NAB trading system, i used it some year ago. Only fees from memory were for each trade, 14.95 flat rate for up to 5000 trade i think. Usually 3 days to receive funds
     
  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I'm transferring them across to my Commsec account.

    I've also got a CMC account, because they have foreign markets but haven't used it yet.
     
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  12. Freaksta

    Freaksta Member

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    Yea and this is why I've just stuck with one of the big4. No hassles to move money in and out, it's chess sponsored which makes me sleep better at night.

    That said if you are doing high volume trading the brokerage will eat into your returns. In my case I buy 6 to 10 times a year which means I'm out of pocket $60 to $100 for that piece of mind.
     
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