For goodness sake. If you choose to deal with I G (deliberate edit to deprive them of yet another auto-link) and their like, what do you expect? This site has so much background and experiential feedback on these bods and their contemporaries and some of you STILL believe your incredible profits (you expect to make) being tax free will compensate for the truly biased service that will be inevitably based on the (highly profitable for them) business model the SBs operate.
Get real. The SBs offer a pocket money entry level ‘in’ for those that believe they can make it in trading. And they enhance the pitch with the tax free angle which is largely irrelevant to 95% of those that trade with them. They prey on that. That you have to deal with ALL the intricacies of the markets that real traders do, AND deal with the shenanigans of the SBs means you start with the dice loaded against you. You are doomed to fail. That’s the whole point.
The SBs are effectively unregulated for the most part (they are in name only) and exist to part you from your funds as quickly as possible.
If you want to trade – trade smart – not with these cowboys.