'Sorry, only available for trading on leverage' message

[Andy100]

Hello all.

I've just tried to open a very modest opening position on an ETF (just a few hundred sterling worth) and received a 'sorry, only available for trading on leverage message'. Not sure why? Why can't I buy the number of shares I want with cash? (Background, been buying directly held shares for a couple of decades, but this is the first time I've ever tried to buy an ETF).

Thanks for any time taken by anyone in response to this. 

[Guest JNa]

I also have this issue... 

[bokodozogobofopojo]

I'm getting the same error message.

Closed shares previously purchased in my share trading account. Attempted to open a new position on the same shares and now I get the error message.

Same message if I try in the CFD account.

[Guest Fingersxxd]

I have this issue too, but trying to buy a 3x leveraged ETF via a CFD account. It's telling me I the positions are only available in a stockbroker account. I've traded these ETF for the past 12 months and currently have positions open. They've been excellent trading vehicles to broader stock market trends. I hope this isn't a new restriction by the FCA, as they have with Crypto's for non-professional accounts.

[Fingersxxd]

I have the reverse of this issue. Tried to buy an ETF from a CFD account and couldn't. I've brought the ETF in question several times over the last 12 months (Direxion Biotech 3x Bull) and it's a great trading vehicle over the short term. I hope this isn't a permanent move!

[dimaws]

SAME PROBLEM !!!! WTF?   ADMIN REPLY

[Fingersxxd]

This might be related to some regulations proposed in the US on leveraged ETF's due to their complexity and use of options to provide the leverage: https://www.thestreet.com/investing/etfs/leveraged-etfs-more-regulation-10627793

[Jayjay]

i am getting error only available for leverage trading yet i have an open position i was wanting  to buy more shares tried another stock and same msg error i dont know what is going on any ideas people 

[Marcraffard]

I have the same issue with 3STS (3x Short Tesla GraniteShares). The product is available on the platform but I cannot be traded because the kind of account I have is not good. Obsviouly, not tradable with a CFD account but only stockbroker account. I will try to contact IG support 😉

[Fingersxxd]

I tried tweeting support yesterday. No answer.

After i've seen these positons through, this will force me to reconsider IG as my platform of choice.

[Fingersxxd]

Looks like the answer came out today via an email annoucement. Access to these is being withdrawn from CFD/Spreadbet accounts and open positions will need 100% margin from 26th Feb and will then be force closed from the 29th March. Time for me to find another provider. Being forced to close positions is a terrible move by IG. I'm sure they have their reasons, but forcing clients to take profits/losses isn't good.

[Caseynotes]

23 minutes ago, Fingersxxd said:

Looks like the answer came out today via an email annoucement. Access to these is being withdrawn from CFD/Spreadbet accounts and open positions will need 100% margin from 26th Feb and will then be force closed from the 29th March. Time for me to find another provider. Being forced to close positions is a terrible move by IG. I'm sure they have their reasons, but forcing clients to take profits/losses isn't good.

Hi, can't see any email as yet, which assets? Could you post a sreenshot (excluding personal details).

[Fingersxxd]

18 minutes ago, Caseynotes said:

Hi, can't see any email as yet, which assets? Could you post a sreenshot (excluding personal details).

Hi, you can find the list of affected assets here: https://www.ig.com/content/dam/publicsites/igcom/uk/210219_IGM_UK_Affected Markets - Non TT.pdf