Jump to content

WITHDRAWING MONEY


Recommended Posts

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

Link to post

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

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
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.

  • General Statistics

    • Total Topics
      15,185
    • Total Posts
      73,296
    • Total Members
      61,662
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    SWAMINATHAN
    Joined 16/05/21 02:20
  • Posts

    • Hi, I'm fairly new to the community and I've started out looking into stocks I'm familiar with. One of these is Standard Life Aberdeen PLC (LON: SLA). In the screenshot below you can a general (albeitvery gradual) uptrend on the Daily chart since late-March 2020 which I've highlighted in Green. However, since mid-February 2021 there has been an intra-trend move downwards (highlighted in Red) and these points look set to cross in the coming days. Daily Chart Thoughts My natural bias is towards being bullish on this stock. But I'm waiting to see how the shareprice behaves over the next week. So I'm interested to see what other think on this stock and if there are other factors you think are important to consider?   Have a good weekend anyway folks.
    • process check , mike check , paycheque..... I actually missed this move ... 😅 .... Very hard trying to juggle a 50plus hour week and trading ..... any way here is the follow up from my post on the FTSE from  11-05-2021👇     With the greatest respect to IG INDEX , it's not time to be bearish .... not yet at least..... Here is what the FTSE did a few days later.........  
    • Yeah........ so that happened ...
×
×
  • Create New...