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Trailing Stop Loss

Hazel

Asked by Hazel,

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Hazel

Hazel

Posted
Posted

Hi there. Wondering why I can set a trading stop loss on my spread betting account but not my share dealing account. I chose IG because I was told this function would be available on the shares I buy but it's not allowing me to set one on my positions. Any advice?

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BigDeal Frequent Contributor

BigDeal

Posted
Posted

No this is not currently offered by IG sadly.  In fact the share trading is a pretty basic aspect of IG's offering compared with their leveraged business. The leveraged side is where they make their significant profits and share dealing is secondary in my view

Trailing stops have been put into the IG suggestion box by many, but nothing has come of this to date. Maybe if we all keep on asking it may happen but I get the impression suggestions in the share trading arena are not top priority ATM.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

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