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Guest Gerard

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Guest Gerard

Trying to understand the stupidity behind the margin requirements for buying an option. I understand ASIC rule changes have come into force. Why are IG charging 4 times the notional value of a bought option position as margin? Clearly they didn't participate in the review process with ASIC. Just tried to buy April 16  76c AUD puts notional value $USD722 and the Margin quoted was $USD2531 . This is either deceptive and misleading conduct on both IG Markets behalf and ASIC for introducing the regulation or its false advertising because you are advertising a price of $722 and charging $2531.

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