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Is it possible to set stop loss in Share Dealing ISA?


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I'm pretty new to IG and their layout. Anyway after trading from my Share Dealing Account I set a stop loss to limit potential losses.

I've found that if I trade from my Share Dealing ISA I can't set a stop loss. I can set a Limit Order but get a warning that "my order is likely to execute immediately" (of course because I'd be selling at a discount for someone and a loss to me).

There's possibly a fundamental reason for this I'd imagine?

At the moment I'm transferring funds from the ISA to the Share Dealing account just so I can set stop losses. It would be easier to keep track if I could do all trading from the ISA.

Thanks in advance. Malc.

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  • 4 weeks later...

Hi Malc

You should in most cases be able to set a stop loss for your positions. Just click on Sell , in the right of the field where it says limit, click the triangle to see the list of order types to select stop. You will only see Stop when the market is open though.

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Guest Lukasz

Hi MK-Julian

I am new as well. It is the only way set a stop loss? On demo account there was easier option. You just click the line on a chart where you bought and with drag and drop, you could move your line up or down to set up stop loss or take profit. But unfortunately I can't do it on Share Dealing Account.

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Hi MK-Julian

 

I'm new to IG as well. Is it the only way to set a stop loss on Share Dealing Account? On Demo Acc Spread bet there is much easier way to set a stop loss. On a chart where you have line showing price where you bought shares, you can just move this line up or down to set a stop loss or take profit. Is it possible to have this option on Ahare Dealing Account?

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