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10/06/21 10:53
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Posts
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Hello, Is any interest paid on "available" cash (not "margin") in a spread betting account? For example, if I held £10k in an account and had no open positions. The reason for asking is that I understand that proceeds from short sales in a CFD will receive interest (benchmark-2.5%), so was wondering if that applied to all cash, and couldn't find an answer on the web site. Thanks.
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Hi @Mark12 If you are trading shares, you will have the option to place a limit order to sell your existing position. When the market opens, please check if your order level is close to where the market is trading. All the best, OfentseIG
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We have to wait until Friday to find out if the UK economy skirted a recession. Richard Snow, foreign exchange analyst at Daily FX, tells IGTV’s Jeremy Naylor that after the third quarter contraction of 0.3%, there is a risk around the incoming data for the fourth quarter. Here he discusses GBP/USD as a trade to go short. But what if GDP comes in slightly higher? Richard says that is likely to be largely academic and that he believes the short trade will prevail. Jeremy Naylor | Writer, London | Publication date: Friday 03 February 2023
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Question
marviin9
Hi guys,
2 weeks ago I created a buy order on a CFD trade.
I opened the order while the market was closed.
Current share price while the market was closed was 23.35.
I set my order level for 23.7 !
Next day the market opened at at price of 30.33 and my order opened automatically with the price of 30.33 (even if I set max. order level at 23.7) and within few hrs the price dropped to 28.00 and I lost 1,2K.
Something like this happened to someone others before?
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