Yeah and the reason why they do this is because they trade against you just like how a casino dealer bet against you. You can only win if they lose and why would they want to lose? Rejecting order called re-quoting should not happen at all when everything that they quote is supposed to be FIRM QUOTES which means these are the prices they are ready to trade at any moment, with the technology that we have nowadays where everything is instant, any changes should be instant, any new changes should be reflected in the price right away so WHY would they need you to wait for them to give you a new quote just as soon as you want to trade when the quotes that they display are supposed to be instantly tradable?
There is no exchanges for OTC products like forex and spread-betting which are really CFD's, products that the dealers/brokers have invented themselves so they can quote whatever prices they want, do whatever they want with them because it's THEIR products. So if you either put up with their practices or take your money and go elsewhere and leaving them is really the best choice. Once they took all your money, you have to leave anyway so might as well do it earlier. There is no way to profit against them just like there is no way to profit against a casino.
i am going to try to be nice to you bc it's clear that you are uneducated. So please, allow me to teach you:
IG didn't invent CFDs or spread bets in a true sense. They are total return swaps which were invented by the banks and rolled out to OTC clients as part of their structured products
https://corporatefinanceinstitute.com/resources/knowledge/finance/total-return-swap-trs/
IG didn't invent the OTC model, they were probably the first to roll it out to retail clients.
Is OTC trading, dodgy? Yes it is....but it's not confined to IG or spreadbetting
here below you can see Robinhead and Citadel most recently being questioned
https://www.zerohedge.com/markets/c...client-orders-after-threatening-sue-zerohedge
https://www.zerohedge.com/markets/how-robinhood-makes-90-million-order-flow
So basically, Robinhood is teaching all the noobs to use stops. The noobs probably leave their stops too tight, the market makers profit. That is dodgy as well. So do you want to shut down Robinhood? The answer is no bc otherwise you don't have commission free trades....
To clean up execution practices, the FCA and SEC have changed front running rules years ago
You must fill the client before you trade out. Whether or not IG follows these rules is a different question. One has to observe that their pricing is inline. If they did front run, then they run the risk of massive fines if found during their audit.
I've already explained above that all otc market makers engage in requotes in fast markets, there is no other way around it.
When the SNB lifted the peg in 2015, IG didn't execute stops in a fast market. the FCA told them they had to go and back fill, so they took a 15 million pounds loss to observe the FCA ruling.
So in regards to platform performance, some people say it's bad, some say is decent. lots of factors at play here. Do they do things to squeeze out extra margin with the confines of the rules, 100%.
Here is the factor before you start calling people scammers - do you want to trade tax free bc you think you can do it, if so, then you can't trade tax free using exchange traded products. SO shut the fark up already
do you have money to trade 150k notional in gold and snp and deposit 15k each? If not, then you need to trade with a dealer. Why? Bc they dealer gives you a certain flexibility that exchange traded products don't
when robin hood started announcing zero commissions, they took in all the volume for retail guys, it's bc they probably leave limit orders, still get filled and don't have to worry about trading costs which also contribute to a traders viability.
So you just need to shut the fark up already. If trading with a dealer doesn't work for you then fine. BUt stop calling people scammers, the only scammer is you bc you are a fake trader
