Jump to content
  • 0

PRT - IG Platform price differences and no margin or account balance shown in PRT


GMTrader

Question

I phoned IG in the week about price differences between the web platform and PRT. At the time it was concerning CLSD, where there was a significant difference between PRT and the web platform. In the web platform itself there was also a difference between the P/L in the positions window which was the same as at the top of the platform but different to the account status drop down from the top right.

 
Anyways, this happened again yesterday on the FTSE, NKE, SNAP, so I phoned again, I was told to email in screenshots.
 
So I never got around to it yesterday, but thought I would today. I am currently using my demo account on the weekend to take a look and it appears to be the same today with the FTSE (Weekend UK 100). Screenshot attached. As you can see the PRT Sell is 7143.1 and Buy of 7151.1 with an exit (P/L) of £4, but in the platform window it is a Sell of 7143.4 and Buy of 7151.4 resulting in a exit (P/L) of 7.70 ( a £3 difference). These differences were much more significant in the week on the live market with various tickers.
 
So i excuted some multiple buys from the platform and from PRT, and in the PRT it purchased them at 7151.1 but when buying from IG platform it bought them at 7151.4 - the resulting exit (P/L) difference was £20.30 in PRT and £38.80 in IG - this is really quite signifianct and can be a huge difference as it was in the week.
 
I was told on the phone in the week with CLSD to not worry about it as any BUY/Sell or exit will go through as whatever the market price is live at the time, but that is not the case - as I tested today on the weekend 100 as it stays the same most of the weekend. So I sold in PRT and lost £20.30, recreated the positions at same prices (as Weekend FTSE stays stagnant) and sold in IG platform and lost £38.80.
 
Finally, why does margin requirement not show in PRT foir a given trade as it does in IG platform, it does in PRT if you get it direct, but not the IG version.
 

PriceDifference2.PNG

Trading-Price-Differences.PNG

Edited by GMTrader
Link to comment

0 answers to this question

Recommended Posts

There have been no answers to this question yet

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,988
    • Total Posts
      95,311
    • Total Members
      43,596
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Mamzy
    Joined 23/09/23 05:19
  • Posts

    • Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.
    • Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure,  the founder and CEO of Bitcoin joint mining company Xive,  Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally.  What are your thoughts? 
    • Traditional banking systems served as the gatekeepers of financial services for long, dictating how people access loans, save, and invest in opportunities. Typically controlled by a centralized system with a single authority such as a bank or government in total charge, this centralization is limited by high fees, restricted accessibility and slow transaction speed. Dentralized finance, DeFi, got introduced as a blockchain-based financial system that removes intermediaries or central authorities, and utilizes smart contracts instead. By eliminating intermediaries, DeFi delivers core benefits like improved accessibility into the financial system for everyone having internet connection regardless of their location. DeFi is also valued for its transparency. While traditional banking system often deny customers audits on how their assets are being managed, DeFi, through the help of blockchain allows anyone access to tracking and auditing transactions, thereby raising trust. Furthermore, DeFi also offers various financial services and products like DEX, lending and borrowing, stablecoins etc, all known to proffer varied innovative solutions, while operating 24/7 in contrast to traditional finance. DeFi isn’t flawless as issues like insecurity, lack of consumer protection etc are still prevalent; however, the growth of DeFi has been impressive; since its introduction, the total value locked in DeFi protocols has grown significantly indicating that the demand for DeFi services is fast growing. DeFi seems to be redefining financial industry by offering an alternative to traditional banking systems. With the increasing adoption, can we expect to see an overhaul in the way we access financial services?        
×
×
  • Create New...
us