By DominicWalsh · Posted
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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With 900 plus trades on Oil CFDs' decided to look at spread betting for the tax aspect. Coming from ETORO. I have a question , ETORO is automatically defaulted to a stop loss of 50% editable of course if you want lower than this then of course you need to add money . Reading IG stuff, something about 75% of money invested you get a margin call. 50% it closes like ETORO and any one else would.
SO , this 75% bit Im not clear in their notes, is this saying that if the money you have in the game is -25% you get an email from IG ''margin call'', and if you maintain this for 24hrs they ''may '' close your position and if this is maintained over the weekend they may close some or all positions. A lot of maybe's and trip wires here.
I may have got the wrong end of the stick here but -25% sounds a lot to a person trading shares but to us ''oilys'' with leverage this is semi normal for me - it is a 1 in 5 event.
thanks to anyone to clear this up.
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