GameStop and AMC Entertainment and margin update
Gamestop AMC trading restrictions
Due to the recent extreme volatility, and in order to prioritise the service we give our existing clients, we are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment.
These restrictions apply to all IG accounts, and will be reviewed regularly. You will still be able to close any open positions that you have in these stocks. Any orders that you have already placed on these two stocks will remain.
In addition, if you have any spread betting or CFD positions on either stock, please be aware that the margin required to keep your positions open will increase to that listed below from 4pm (UK time) on Monday 1 February. Please ensure that you have enough money on your account to cover the margin requirement.
|Due to increased volatility, from 4pm (UK time) on 1 February 2021 we are increasing margin requirements for a range of stocks:|
|How will I be affected?|
If you have any open positions on these stocks at 4pm (UK time) on Monday 1 February 2021, then the margin required to keep those positions open will change. You’ll need to have enough money in your account to cover the increase and prevent your positions from being closed out.
Margin requirements for working orders will also be subject to the new rate.
Changes to margin rates are the same for daily funded bets and forward bets, and for cash CFDs. For full details of how we calculate our margins, please contact us on the details below.
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