Noob Question - Sorry :(

[PAULFURZE]

On some of the share screen the price seems to be divided by 100 ?
See this one from Centrica. Price is shown as £47.08.
Yet 1 share costs £0.47,, why isnt it £47.08 ?
What am I missing and why is it only on certain stocks ?

 

[ArvinIG]

13 hours ago, PAULFURZE said:

On some of the share screen the price seems to be divided by 100 ?
See this one from Centrica. Price is shown as £47.08.
Yet 1 share costs £0.47,, why isnt it £47.08 ?
What am I missing and why is it only on certain stocks ?

 

Hi @PAULFURZE,

On the London Stock exchange the prices are quoted in Pence 1/100. That would explain the pricing you see.

I hope that it helps!

All the best - Arvin

[Guest Kyle]

Do IG accounts have to follow US PDT rules if you are under 25k

[ArvinIG]

4 hours ago, Guest Kyle said:

Do IG accounts have to follow US PDT rules if you are under 25k

Hi Kyle,
The pattern day trader rule does not apply if your trading broker is not regulated by FINRA . You will not be bound by the pattern day trader rule.

More details here.

All the best - Arvin

[Naoto]

On 11/08/2021 at 07:37, ArvinIG said:

Hi Kyle,
The pattern day trader rule does not apply if your trading broker is not regulated by FINRA . You will not be bound by the pattern day trader rule.

More details here.

All the best - Arvin

Hello ArvinIG! Is the ‘regulated by FINRA’ changes now and then? Thanks

[ArvinIG]

Hi @Naoto,

No it won't change as it is specific to your region. FINRA is a Regulator in the USA. If you are outside the US it won't apply.

All the best - Arvin