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Share Account Creation Impossibility


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  • 1 month later...
On 28/05/2021 at 20:03, HelpPleaseImLost said:

No option to add or create an account is on my dashboard, all I can see is my current CFD account...

Please help me 😃 !

Hi @HelpPleaseImLost,

If you go to My IG > Dashboard > Add an account , do you have the option to add an account there?image.png

I hope that it helps !

All the best - Arvin

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I face similar problems:

Moneyhub.co.nz described IG Markets as a platform permitting CFD and share trading for NZ residents.

However, to date I have not found a way to access share trading - only CFD deals appear possible.

Yes, there is a "add an account" button that even lists "shares" underneath it - but as far as I can see the button only leads to different CFD platforms. Of course, none of those offers instruments (= shares) underlying those deals.

So how can I structure my account to make share trades possible?

Replies are much appreciated!

Cheers,

Wil

 

 

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18 hours ago, WIRANZ said:

I face similar problems:

Moneyhub.co.nz described IG Markets as a platform permitting CFD and share trading for NZ residents.

However, to date I have not found a way to access share trading - only CFD deals appear possible.

Yes, there is a "add an account" button that even lists "shares" underneath it - but as far as I can see the button only leads to different CFD platforms. Of course, none of those offers instruments (= shares) underlying those deals.

So how can I structure my account to make share trades possible?

Replies are much appreciated!

Cheers,

Wil

 

 

Hi @WIRANZ,

There is no Share trading account for New Zealand unfortunately, you can only trade shares via leverage (CFD).

All the best - Arvin

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Hello Arvin,

Thank you for your reply.

I am afraid you confirm my suspicion that the IG Markets CFD account is for CFD deals only.

However, just to clarify, I was looking for share trading in Oz, not NZ. Just happen to be tax resident in NZ.

Kind regards,

Wil

 

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4 minutes ago, WIRANZ said:

Hello Arvin,

Thank you for your reply.

I am afraid you confirm my suspicion that the IG Markets CFD account is for CFD deals only.

However, just to clarify, I was looking for share trading in Oz, not NZ. Just happen to be tax resident in NZ.

Kind regards,

Wil

 

Hi Wil, 

To trade on a AUS share trading account you will need to be a sole tax resident of Australia with a Tax File Number.

Thanks - Arvin

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