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Why Can't I Short?


TomTeej

Question

Hi there,

When trying to short something by clicking 'sell' in Share Dealing, I get the message that I "have no existing position to close on this market"... but I'm wanting to sell to open a position.

What am I missing? 

Thanks,

Tom

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1 hour ago, TomTeej said:

Hi there,

When trying to short something by clicking 'sell' in Share Dealing, I get the message that I "have no existing position to close on this market"... but I'm wanting to sell to open a position.

What am I missing? 

Thanks,

Tom

Hi, with IG you can't sell shares you don't own on the share dealing platform. You would need to use one of the leveraged platforms such as spread bet (UK ) or CFD.

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