WITHDRAWING MONEY

[Hutton27]

Hi Everyone,

I am new to IG and would like some help on what you actually receive when you close your positions? Im struggling to understand if i receive my profit/loss or my margin? or is it my funds aswell?

 

any help would be great, ive tried calling IG but no luck.

 

Ryan

[ItsAlex]

Hi Hutton, when you close a position your account is credit or debited with the profit/loss. Your margin used to keep the trade open is also returned to your account and can be used for another trade.

Example:

Account size 5.000£

Position:1£ Long FTSE100. The margin used for this position is 1.000£.

I close the position for a profit of 100£. 100£ is credit to my account. Account is now worth 5100£ - happy days.

IG then returns to you the 1000£ that you used as down payment to open the trade. You don't see the 1000£ credit or debited. This happens in the background. You can keep track of this by looking at the available margin in the trading platform.

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/margin/what-is-margin