Position REJECTED, Reason : REJECT_SPREADBET_ORDER_ON_CFD_ACCOUNT

[Eragonnm]

Hello,

I am trying to use IG API with the python Github (ig-markets-api-python-library). I can connect my DEMO session and have market information but I haven't been able to open a position. This is the code sent to open a position :

 

resp = ig_service.create_open_position(

        currency_code='USD',

        direction='BUY',

        epic='CS.D.LTCUSD.CFD.IP',

        order_type='MARKET',

        expiry='DFB',

        force_open='false',

        guaranteed_stop='false',

        size=10, level=None,

        limit_distance=None,

        limit_level=None,

        quote_id=None,

        stop_level=None,

        stop_distance=None,

        trailing_stop=None,

        trailing_stop_increment=None)

resp

 

And this is the respond of IG API :

 

{'affectedDeals': [],

'date': '2021-07-11T19:13:11.505',

'dealId': 'DIAAAAFY3HKNWAP',

'dealReference': 'FY5RRQQHA8TYM9',

'dealStatus': 'REJECTED',

'direction': 'BUY',

'epic': 'CS.D.LTCUSD.CFD.IP',

'expiry': None,

'guaranteedStop': False,

'level': None,

'limitDistance': None, 'limitLevel':

None, 'profit': None,

'profitCurrency': None,

'reason': 'REJECT_SPREADBET_ORDER_ON_CFD_ACCOUNT',

'size': None,

'status': None,

'stopDistance': None,

'stopLevel': None,

'trailingStop': False}

I do not understand the reason : 'REJECT_SPREADBET_ORDER_ON_CFD_ACCOUNT',

Would anyone help me on this? Is there any issue related to my account?

Thank you

[JakubIG]

Hi @Eragonnm, 

You are using a CFD EPIC on a Spread Bet account. The EPIC for the equivalent instrument on Spread Bet is CS.D.LTCUSD.TODAY.IP 

If you are using a CFD demo account than the EPIC is fine but you shouldn't be using DFB in expiry as that's for Spread Bet accounts.

Thanks,

Jakub

[Eragonnm]

Hi @JakubIG

Thank you very much for your answer. My problem was as you said the DFB in expiry.😄

Have a good day,

Nico

[AlgoTrader]

Got the same issue. What did you use instead of 'DFB'?

 

currency_code = "GBP"
direction = "BUY"
epic = "IX.D.FTSE.CFD.IP"
expiry = "DFB"
guaranteed_stop = False
# entering price
level = 7402.0
# Pound per point size
size = 1
time_in_force = "GOOD_TILL_CANCELLED"
# limit orders are now called STOP
order_type = "STOP"
limit_distance = None
stop_distance = level*0.99

 

----------------------------

'direction': 'BUY',
 'epic': 'IX.D.FTSE.CFD.IP',
 'expiry': None,
 'guaranteedStop': False,
 'level': None,
 'limitDistance': None,
 'limitLevel': None,
 'profit': None,
 'profitCurrency': None,
 'reason': 'REJECT_SPREADBET_ORDER_ON_CFD_ACCOUNT',
 'size': None,
 'status': None,
 'stopDistance': None,
 'stopLevel': None,
 'trailingStop': False}

 

[Eragonnm]

Hi, You can use "-" to solve this issue. 

Best regards