Jump to content

'Sorry, only available for trading on leverage' message


Recommended Posts

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. 

  • Like 4
Link to post
  • 2 weeks later...
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.

Link to post

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!

Link to post

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 

Link to post

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 😉

Link to post

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 Access to these is being withdrawn from CFD/Spreadbet accounts and open positions will need 100% margin from 26th Feb and will then be force closed from the 29th March.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.

Link to post
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 Access to these is being withdrawn from CFD/Spreadbet accounts and open positions will need 100% margin from 26th Feb and will then be force closed from the 29th March.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).

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
      15,406
    • Total Posts
      73,923
    • Total Members
      62,314
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    stefskis
    Joined 15/06/21 18:36
  • Posts

    • You need to get hung up on them, because they happen - I know for a fact that during 2007-09 bear market you could have traded long and made money, because I did it, but the easiest route was shorting and down Get a chart WEEKLY of any forex market or commodity - go back as far as poss and notice the big turns/swings - much more volatile than the SP500 - there's a reason for that  I always say anyone who's making a packet from trading or Investing on SP500 etc go have a crack at the forex or commodity markets - the stock markets natural direction is UPWARDS - especially buy and holders, fund managers would get ripped apart on the forex + comm markets OK - Its totally Impossible to know EXACTLY what the SP500 is going to do on a daily/weekly basis, but it WAS possible to know that a) 2007-09 was going to be a bear market before 2007 even arrived and b) that the market would stop around the level it did.  But this is ultra advanced and very few people are bothered about it I've written a thread on Time Cycles on here - it covers what the SP500 is doing in terms of TIME - if you understand it and think about it, it will put you ahead of 99.99999% of traders out there, because these really big corrections and crashes do not happen out of the blue - they are predictable and forecastable with high reliability years in advance  Look at the chart below - think about what I'm saying: In 1909 WD Gann said that markets always seek their gravity centre, the half way point - that's the 50% level to you and I Traders go on about fib levels - the 50% level is clearly much more important a level  What if you KNEW 1974, 2003 and 2009 should be low points? What an opportunity both long and short! This is why I researched and spent hundreds of hours on Time and Time Cycles for - I missed 2000-2009 because I didn't know what I know now, but I know when the next ones are and I have no plans of missing them These are key once in a lifetime turn points that don't happen often So what I'm trying to point out is that on the stock market the big plunges like 07-09 aren't the norm, but they do happen with very regular intervals, that will catch a lot of people out during certain cycles that the market moves through. with regards to identifying bear markets - yes using a MA to say price below this level is bearish, but it's already bearish as it approaches the level if using price formations such as lower lows etc You don't need to know what I've discovered about time to be able to trade successfully - I was just intrigued if it was possible to be able to time the really big turns etc as I'd prefer to to know if it was    
    • These are relatively rare events but I do find myself getting hung up on them. 
    • If we take the 2008 decline on the US500, I've attached a daily chart of this. You'd be better off shorting but of course you don't know that it's going to be an ongoing decline and the risk potentially is that you switch to a short preference and then the market does revert back to an upward trend. The market stayed below the 100 day MA for an extended time so maybe that's an indication of which way to trade but I know it's not always reliable. Probably also helps if you use a trailing stop at least to minimise damage.
×
×
  • Create New...