CFD using IG...
Today no different - cleared all funds back to bank and am taking some time off
I don't know much about you, so apologies if this sounds obvious, but cfd's (except for equities or if you specify direct) & spread bet are wide open to abuse by IG or similar providers, your orders are swiped without it even touching the open market.
If you are new they will churn your account with them, basically you keep topping up your account, nice for them.
People will tell you "well how can they keep doing this ? surely they'll run out of customers !"
.....Well, they won't, coz every year a new batch come through, it costs the platform provider/broker approx £600 per new client (advertising & yadda yadda) the average blown account is £5,000.....simples.
What you need to do is stay alive long enough to suss the inducement behaviors, it helped me enormously.
They do hedge & mirror traders who show a genuine skill.
But new accounts get churned all the time. They do not care, next year a new batch of wide eyed hopefuls.
Good luck mate