Devidends

[dan0809]

Hi. I just was charged 7pts for devidends for selling FTSE and closig on profit. It took 1/3 of my profit. Is this normal with IG?

[ArvinIG]

11 hours ago, dan0809 said:

Hi. I just was charged 7pts for devidends for selling FTSE and closig on profit. It took 1/3 of my profit. Is this normal with IG?

Hi @dan0809,

If you were going short the dividend adjustment would have resulted in your account being debited.

Let’s say you’re short two standard lots of Wall Street Cash at 9pm when there is a dividend adjustment of 2.9 points. Our Wall Street Cash price drops by 2.9 points, so your running P&L is increased by 2.9 x 2 x $10 = $58.  We therefore debit your ledger with $58, to negate this rise in P&L.

You can find more details here.

I hope that it helps.

All the best - Arvin