IG Trading - Questions

[next2perfect]

Greetings Community members:

I've a few questions about the commodity trading (Spot Gold):

• What are the charges if the account balance goes to negative? (Spot Gold (1$ contract))
• What are the charges for weekend and overnight open positions for Spot Gold (1$ contract)
• How we do get alerted for the signals published?

[Guest bob]

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/how-are-spot-commodities-priced--and-how-is-my-overnight-funding

[Caseynotes]

22 hours ago, next2perfect said:

Greetings Community members:

I've a few questions about the commodity trading (Spot Gold):

• What are the charges if the account balance goes to negative? (Spot Gold (1$ contract))
• What are the charges for weekend and overnight open positions for Spot Gold (1$ contract)
• How we do get alerted for the signals published?

Hi, not sure where you are based and so which regulator you come under but in the UK and now in Australia you have negative balance protection so won't happen but under the margin rules as a trade goes further into the red and uses up your margin requirement you will receive a magin call and if you don't add funds IG will close the trade before your account goes negative.

For overnight funding see this page.

Why is overnight funding charged and how is it calculated? | IG UK

[next2perfect]

Apologies for the delayed response, I'm from AU and thanks for pointers.

Is there a way to get alerted like in email or app when signals (Autochartist and PIA) are published? I haven't looked at the api's available yet but thought would ask before exploring that path.

Edited April 7, 2021 by next2perfect

[Caseynotes]

7 hours ago, next2perfect said:

Apologies for the delayed response, I'm from AU and thanks for pointers.

Is there a way to get alerted like in email or app when signals (Autochartist and PIA) are published? I haven't looked at the api's available yet but thought would ask before exploring that path.

Hi, don't think they do alerts for the web based platform so you need to check for updates. Autochartist is available on the MT4 platform (downloaded from the Autochartist web site ) and I think that one might have alerts if memory serves.

[next2perfect]

Thanks for the note.  The IG's instructions aren't much helpful

https://www.ig.com/au/trading-strategies/what-is-autochartist-and-how-do-you-use-it-when-trading--190529

I did some research and found out that the plug in has to be downloaded from here

https://www.autochartist.com/traders/?

Configuration steps are mentioned here https://www.autochartist.com/metatrader-plugin/index_en.html