Why cant I short any stock? It comes up with " you don not have any open positions"

[Poliborti]

IG Trading is not letting me short a stock, why is that?

[AndaIG]

Hi @JFB3

Thanks for reaching out, 

Please note that you are not able to sell what you do not own in Share Dealing/ ISA account. Therefore no short positions to open are available in that format. In the leverage environment that message would come up if there was no borrow available. i.e. we are not able to borrow the share from our broker, therefore we are not able to offer a short position. 

All the best, 

Anda

[JFB3]

I have the same query.

 

It says 'You cannot sell this market to open'.

[JFB3]

7 hours ago, AndaIG said:

Hi @JFB3

Thanks for reaching out, 

Please note that you are not able to sell what you do not own in Share Dealing/ ISA account. Therefore no short positions to open are available in that format. In the leverage environment that message would come up if there was no borrow available. i.e. we are not able to borrow the share from our broker, therefore we are not able to offer a short position. 

All the best, 

Anda

Thanks. That'll have been it: I was using my spread-bet account and later foudn I could short other, presumably more liquid stocks, so it's was a matter of no borrow.

 

Thank you for clarifying.

 

JFB3