Jump to content

Confusing Problems with Margins and Orders on IG Trader App and MetaTrader 4 App


Recommended Posts

First of all, I'm sorry if the question is asked before. I could not find anything regarding my issues. Please someone who is experienced and well-informed about below topics make comments. 

I'm new to IG and forex world so I have a few questions and maybe a problem with the orders and margins. 

I have 2 demo accounts and one of them for IG Trader and one of them is IG MetaTrader 4 account. 

When I open 1 lot size long position for XAU/USD on MT4 it uses $100 margin. The equity is $10k in account. 

However when I open the same lots on IG Trader app it requires a margin level of not $100 for 1 lot size but around $1018.

Question 1: For what is this difference on the same broker, 2 demo accounts and the same leverage and the same lot size? 

Another thing is that when I open 3 lots long position it uses $300 margin. After that position I open 3 lots short position. Interestingly, used margin decreases to $60 instead of $600 for 6 lot size. 

Question 2: is this a bug, problem or is it normal? If it is normal, opening a total of 10 sell and buy lots at the same time will not require high margin. Right? 

Another things is that. On MetaTrader 4 I can open many positions on the same fx pair whether it is buy or sell and all of them are are processed separately. However On IG Trader app when I open positions on the same fx pair they are automatically merged at the closure. For instance, I buy gold at 2020.25 and then sell gold for 2020.24. Assume the market is coming downtrend. When the market hits 2020.25 it buys and then sells at 2020.24 and writes a small loss. 

However, on MT4 these 2 positions aren't merged and if the market goes upward it gets profit from long position, if it goes downward it gets profit from sell position. 

I can close one of them with profit and then may wait for other to go otherwise again.

Question 3: Anyway, what is the difference for this? MT4 doesn't merge positions but IG Trader merges them. I like some features of IG Trader but because of these issues I feel cold for it. 

Question 4: Are these problems just related to demo accounts or will it be the same on real account? I haven't used real account since it is still in activation process. 

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
  • image.png

  • Posts

    • I agree this is the perfect time to dca on many token. I see $Floki as the next top meme considering the armies behind it. Also $BGB, $ORDI, $Doge, $Shib, and ADA are among my top watchlist 
    • That's our hopes & I believe WAGMI cos I did also participate in the pre-trade at Bitget. Just get your Exchange's HMSTR address on your app with the memo then input for on-chain withdrawal.
    • The crypto market is buzzing with activity, and both Bitcoin (BTC) and Ethereum (ETH) are making waves. Let’s break down the latest movements in their prices and what’s driving these changes. Bitcoin Price Update Bitcoin's price surge: BTC is now trading at $60,172, marking a 4.21% jump over the past 24 hours. Intraday performance: Bitcoin hit a low of $57,650.11 and a high of $60,656.72 today. ETF inflows: Bitcoin ETF inflows have risen to $263.07 million as of September 14. This influx of capital seems to be supporting BTC’s price surge. Market dominance: Bitcoin’s dominance increased by 0.37%, now standing at 56.56%. Market cap: Bitcoin's overall market capitalization has hit $1.19 trillion, reinforcing its leading position in the crypto world. Ethereum Price Update Ethereum’s rise: ETH price has climbed nearly 3% in the past 24 hours and is currently priced at $2,422, as per Coinpedia markets Intraday range: The second-largest cryptocurrency saw a low of $2,338.14 and a high of $2,462.80. ETF inflows: Ethereum ETFs have also seen positive inflows, with $1.52 million added as of September 14. Market cap: Ethereum’s total market cap now stands at $292.89 billion. Expert Insights: A Shift in Market Behavior? Crypto analyst ALI has shared some interesting data about the market activity of Bitcoin and Ethereum. According to ALI: Capital exiting BTC and ETH: Around $2.6 billion worth of Bitcoin and Ethereum has exited the market in the past week. This may be due to sluggish price action, suggesting that some investors are shifting to other altcoins. A possible altcoin pump: Despite the recent outflows, the total market cap has rebounded to $2 trillion, leading many to believe that a major pump may be on the horizon—not just for Bitcoin, but for altcoins as well. What’s Next for the Crypto Market? It looks like the crypto market could be gearing up for a strong rally. Both Bitcoin and Ethereum are seeing solid price movements, and with ETF inflows rising, investor confidence appears to be high. If the market continues to stabilize above the $2 trillion mark, we could see even more bullish activity in the coming days.  
×
×
  • Create New...
us