Jump to content
Sign in to follow this  

Wall Street DFB Minimum Stake requirements for Spread betting

Recommended Posts

Hi,

I am new to the forum... but have some past as a client of IG over a few years on and off... but cannot not always recall certain details or I am not updated 

to certain changes that have occurred... and I would like to ask if anyone may be able to answer some questions in relation to trading Wall Street...

If I recall... before 2019... when certain changes got made by the FSA and all Financial type trading services New ESMA margin rules...

Prior to 2019 if I recall.... you could trade wall Street as low as either 1 GBP per point..for a margin of about  200 to 250 GBP

or maybe even as low as 0.50 P a point for 100/ 125 GBP..

 

but when the changes got made... If I recall the new requirements were much higher (maybe 10 x or more ) and most average people could not afford to trade Indices..

and I still thought that this was the way things still were..But when I just took another look on the platform for Wall Street DFB market..

I can now see that you can trade it at as low as  0.20 GBP    But the Margin is about 264 GBP (when the Dow as around the 26300 level )

I noted not long ago that you can trade wall Street daily / weekly or monthly options also in US $ dollars for as low as 0.65 C or about    (UK GBP  0.50 P )

which means you can trade options at half the price they they used to allow when I think it was a Min of 1 GBP a point...

 

I THOUGHT that therefore maybe I could also trade the US Indices / Wall Street in dollars similar to the option rates that may allow me to trade it at an even lower rate 

or margin requirement... and you can trade wall st in 4 different currencies with different MINIMUM stakes ... ie GBP (0.20) / US Dollar (0.26)/ AUS dollar (0.36)and Euros (0.25)...

BUT to my surprise or annoyance... these other currencies require a HIGHER stake level.. and do NOT allow you to trade Wall Street cheaper....

and the other 3 optional currencies all require HIGHER margin levels...

 

I believe you can trade some other form (is it MT4 Meta trader ) as low as 0.10p   GBP  but I am not really familiar with this.. does it require you use some special software..

and is that CFDs rather than spread bet..

 

CAN ANYONE TELL ME... WHEN DID IG Index  ALTER the Minimum Stakes to 0.20 GBP to trade Wall Street DFB ? for spread betting

and how has IG managed to do this and why ?  or why could they not have done this at the time the initial changes took place ?

 

Thank you

P.J

 

I dont know if you can find this link  (need to join the https://   to the further link description to open the full page if you cannot click on and open  the added details below)

https:// community.ig.com/forums/topic/11399-minimum-position-size/

 

 

Hi, you can trade Wall street on the MT4 platform at the minimum  0.1 GBP/point.

 

 

Changes to our margin rates and tiers

We regularly review our margin rates to ensure they accurately reflect current levels of market volatility and liquidity, as well as a number of other factors that can influence risk. 

We’ve conducted a review of our index, forex, commodity, interest rate and bond margins, to bring them in line with current market conditions. These changes will come into effect for both spread bets and CFDs on Saturday 16 February 2019

 

 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,422
    • Total Posts
      63,139
    • Total Members
      83,821
    Newest Member
    huangzx
    Joined 19/09/20 02:09
  • Posts

    • I want to believe that, even if we had viruses for many years and we lived with them like nothing happened, this one is killing more people than it should. At least is what reports are saying. That is why countries are forcing lock-downs. Think about that a lock-down is going to extend the furlough policies all over the world again. I don't think a government want to pay that money out to citizens if they don't have to, and companies are going to have to close business for good if we have a second lock-down everywhere. I agree with the statement that we had many corona-viruses before i.e. common flu, but why now governments are taking these draconian measures to force people into a quarantine? If we had the same dangerous viruses always around why are they now locking people at their homes. Did they not care about people before? I think the virus is way more deadly than they tell us and that is why people are not really that scared of it. If we had all the information that is available to professionals we would be really scared and people would lock themselves without waiting any government to tell them. My wife is Chinese and I get their news first hand. They are not reporting what is really happening since the very beginning and it is really hard to trust the Chinese government  on anything related to this virus. They still have the problem there, they keep locking entire cities down for short periods the minute they see anything. It is not reported here in the news but every week they lock people down at their homes.  This virus is really nasty and if locking people down is going to stop it, let's do it. 
    • I agree with 99% of this - the current strain is virtually exact to a strain found in 2012 by a group of Chinese scientists, then when 6 of them died from exposure the virus was sealed and sent to Wuhan I challenged David Icke  to prove the excess deaths were'nt excess deaths, from the info I looked into I'm satisfied the virus is genuine and I'm probably one of the worlds biggest sceptics  From a lock down point of view I'd of thought the perfect place to test out compliance of mass herds would be the USA - hasn't happened strongly enough for me to be concerned but it shown those that could create such circumstances how compliment most people are.  
    • Corona virus has been with us since forever we just never mass tested before. There are no extra deaths this year than any other and it's the same unfortunate types who die of corona virus every year (over 80's with pre-existing conditions 90% of cases). Corona virus is always circulating in the population most people being completely unaware and asymptomatic, herd immunity is built and the virus mutates or dies out. Tests just show you have been exposed to the virus at some stage which could have been months ago and you were most likely asymptomatic. Vaccines don't work for corona virus because they mutate very quickly which is why there is no vaccine for the common cold (a corona virus). And why flu shots don't work very often because they are based on the previous years dominant strain not the current year's (the mass manufacturing would be too late). Covid 19 has already been mutating and the last studies I saw several weeks ago confirmed that as usual a particularly nasty strain becomes less deadly with each new mutation. Another 30,000 people will die next year from respiratory infections as it's the 5 year rolling average (covid 19 or not), weather it'll be covid 19 next year or another strain no one knows but they will keep the covid ball rolling anyway. So all in all it looks like lockdown til the end of time.      
×
×