Sunday, 19 January 2020

IG Markets Guaranteed Stops - BEWARE!

I find that IG Markets' offering of Guaranteed Stops is just so, so dangerous.

So easy to lose money, and really easy to over-leverage.

With a deposit of about SGD4,000, on a normal Stop order, I can only trade about 1 standard lot, whereas with a Guaranteed Stop, I could trade 13! This means that my entire 4K is placed as potential to be lost!

Trade safe people, don't be easily fooled by greed, which IG helps aid you in feeling.

It is far easier to get stopped out when your stop is too close to the market!

See the margin sizes when I toggle between Normal stop and Guaranteed stop!

WOW.

Gamblers unfortunately get easily addicted to these products.

SO BEWARE!

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