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IG stops buying on lumber


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Posted

Hi,

Can anyone tell me what is it called when the broker stops any clients buying on a particular commodity/stock/indices etc.  To close a position you have to call IG.  

  • 1 month later...
Posted
On 08/05/2021 at 08:52, 860412 said:

Hi,

Can anyone tell me what is it called when the broker stops any clients buying on a particular commodity/stock/indices etc.  To close a position you have to call IG.  

If you check the get info section on the deal ticket you can usually see why it's been restricted. 

No CR - means no controlled risk

Unlongable - no long positions 

Unborrowable - no short positions

Non-lev only - we can only offer on the nonleveraged account. 

 

There are other reasons for markets going onto phone dealing only but it's always best to check the get info section before emailing for an answer :) 

All the best

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