RE: Interesting13 Jun 2021 11:03
Morning Folks and for what should be a roaster of a day ahead.
Cruis 1, IG are essentially a financial firm that deal in spreadbetting and contracts for difference. In effect it is a bookmaker. It's very rare in life that a bookmaker fails to make money from its clients. That persists whether you are betting on the G-gees, football, darts or in the financial world where IG operate. I'd probably say moreso in the financial world when they have ready access to data showing aggregated positions and where they know you are leveraged and subject to margin calls. Knowing that then you know spread betting and CFD's are mugs games.
The foot of the IG Index website for anyone interested.
"Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk."
I'd personally be more interested or worrried if IG / bookmaker "advised" people to buy.