Jump to content
  • 0

"Closing deals only" message when clicking buy



1 answer to this question

Recommended Posts

  • 0
5 hours ago, DBAlex237 said:

I tried to buy a share of UGAZ at market opening today and I get the message "You can only place an order to close on this market."

What's the meaning of this? Thanks in advance.

Hi, there are a number of potential reasons but the 2 most common are either that the company's market cap has fallen below IG's threshold and will remain on the platform only until all positions are closed before being removed.


IG client positioning has become very one-sided and IG has reached their maximum risk tolerance for the asset and so have closed the book until a number of the open positions have been closed, that may take hours, days or sometimes longer.

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 30/09/22 17:52
  • Posts

  • Create New...