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10/06/21 10:53
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Hello, Is any interest paid on "available" cash (not "margin") in a spread betting account? For example, if I held £10k in an account and had no open positions. The reason for asking is that I understand that proceeds from short sales in a CFD will receive interest (benchmark-2.5%), so was wondering if that applied to all cash, and couldn't find an answer on the web site. Thanks. -
Hi @Mark12 If you are trading shares, you will have the option to place a limit order to sell your existing position. When the market opens, please check if your order level is close to where the market is trading. All the best, OfentseIG -
We have to wait until Friday to find out if the UK economy skirted a recession. Richard Snow, foreign exchange analyst at Daily FX, tells IGTV’s Jeremy Naylor that after the third quarter contraction of 0.3%, there is a risk around the incoming data for the fourth quarter. Here he discusses GBP/USD as a trade to go short. But what if GDP comes in slightly higher? Richard says that is likely to be largely academic and that he believes the short trade will prevail. Jeremy Naylor | Writer, London | Publication date: Friday 03 February 2023
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Question
grab123456
Hi , i would like to know if this has ever happened to any investor here.
I went to sell 150000 shares which i had purchased the week before for my grand daughter, the money was from a sale in Baccanora.
As i was away from home i used the IG app on the phone, this was at roughly 4pm last Friday, it said transaction Failed.
A minute later i tried again ,again it failed .i went into the golf club and tried again. again failed.
I then thought no internet connection . so i asked one of the staff for the password inputted that and tried again 150000 shares sold. horay i thought . later when i arrived back home i discovered that i only had half of my shares left. when i checked my account. it had sold 600000 shares within 10 mins which i did not want. as of yet have not received an email back from IG compliance dept.
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