Brexit Update: for EEA clients
Brexit Update: for EEA clients
As we’ll no longer be able to service EEA clients after the Brexit transition period ends, your CFD account will be set to ‘closings only’ from 31 December 2020. You’ll have at least 30 days to close your positions, before they are closed at the prevailing price from 31 January 2021. Your account will then be closed.
If you have previously agreed to transfer your account to IG Europe but have not received confirmation that the transfer has taken place, please email the helpdesk / live chat us as soon as possible so we can look into this.
What if I want to keep trading CFDs with IG?
Transfer your account to IG Europe to keep trading CFDs with IG. IG Europe is based in Germany and is authorised and regulated by BaFin and Bundesbank. It offers a range of financial products depending on your location, including CFDs, options and turbos.
To transfer, please log in to My IG and follow the prompts. If you do not see any prompts, please reply to this email as soon as possible – and no later than 8 January 2021.
Please note that, after 31 December, you will still be placed on closings only until your account has been successfully transferred. Therefore if you consent to the transfer, you won’t be able to open any new positions from 31 December until the transfer has taken place. We expect the transfer to happen in mid-January, and we will notify you of your transfer date in advance.
What if I want to keep spread betting with IG?
Transfer your account to IG Europe to keep spread betting with IG. IG Europe is based in Germany and is authorised and regulated by BaFin and Bundesbank. It offers a range of financial products depending on your location, including spread bets, CFDs, options and turbos.
To transfer, please log in to My IG and follow the prompts. If you do not see any prompts, please reply to this email as soon as possible – and no later than 8 January 2021.
Please note that, after 31 December, you will still be placed on closings only until your account has been successfully transferred. Therefore if you consent to the transfer and verify your ID, you won’t be able to open any new positions from 31 December until the transfer has taken place. We expect the transfer to happen in mid-January, and we will notify you of your transfer date in advance.
What if I want to keep share dealing with IG?
After 31 December 2020, we will no longer be able to offer share dealing accounts to EEA clients. If you have a share dealing account with us, it will therefore be set to ‘closings only’ from 31 December 2020 and we reserve the right to sell your holdings and close your account from 31 March. This means that you’ll have at least three months to close your positions or transfer them to another provider.
Please note that we will not charge you any commission for selling your shares between 31 December 2020 and 31 March 2021.
You can find out how to transfer your positions out of IG here. Please note you may experience a delay in having your positions moved.
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