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spread bet account minimum amount to open a position need £1,335.35 ???


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Dear all 

I am about to change platform, and find the IG quite easy to use , but my question is on the spread bet account the minimum open position is really high!!  For example to trade Apple the minimum open is £1,335.35  Amazon the minimum open is  £32,714.44 ??   if I put £1,0000.00, I can not even open a trade?   

Thanks 

Chen

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On 16/02/2021 at 19:24, leechen said:

Dear all 

I am about to change platform, and find the IG quite easy to use , but my question is on the spread bet account the minimum open position is really high!!  For example to trade Apple the minimum open is £1,335.35  Amazon the minimum open is  £32,714.44 ??   if I put £1,0000.00, I can not even open a trade?   

Thanks 

Chen

Hi, what platform were you using before, for spread bets the regulator sets the margin required not the broker, on the SB platform check the min position size and note the margin amount needed to place the trade.

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