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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
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Question
PaulSSE
Hi there,
I'm looking to transfer some shares from an Equateplus account to my IG share dealing account. Upon initiating the request, because the shares were obtained via my employers SIP, it says to ask my provider to initiate the transfer.
They require some information and upon doing a search, I found a very similar question where for some of the answers given were to use my account number for the SWIFT number as well as something else. This is not accepted as it can't be validated by the Equateplus website.
The information they ask for is as follows.
Account number. Is this the same as the Account ID?
Broker Email Address, I believe this to be transfers@ig.com
Clearing information, Please ask you bank/brokerage which settlement and clearing information is required in order to receive your shares. Settlement and clearing information typically includes the SWIFT address of your bank/brokerage as well as a local depositary ID such as Crest ID for UK securities.
Brokerage code - Bank Code or ABA number
SWIFT or BIC
Brokerage Name, City, Street and Postal Code - I have IG Index and the London address.
If I type IG Index into the name field of the brokerage form on Equateplus, it suggests the following information but as the address is different, I wasn't sure whether to proceed
SWIFT or BIC INXEGB21XXX
IG INDEX LIMITED
LONDON
FRIARS HOUSE
SE1 8EZ
Appreciate any help.
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