Jump to content
  • 1

Changes to margin requirements of open positions


pavlobee

Question

It appears that i've had a margin requirement change from 10% to 25% on open positions (of CO2 - Carbon Emissions commodity), with no notification let alone notice and  I can't find any details of the margin in the transaction history. The only reason I believe this to be true is I never had enough equity to buy at the prices my positions were opened at. As the trade went against me I couldn't figure out why I was so underwater, can anyone from IG confirm these changes and explain why if true, there was no notice of the changes.

Edited by pavlobee
Link to comment

4 answers to this question

Recommended Posts

  • 0

Hi @pavlobee

There was a change on carbon emissions margin from 10 - 25% for new positions only. This would not have affected open positions hence no communications were sent. However at 09:00 the price did drop as low as 6099. Your positions were closed at 6108 due to breach of 50% margin rule. 

All the best, 

Anda

Link to comment
  • 1
2 minutes ago, pavlobee said:

It appears that i've had a margin requirement change from 10% to 25% on open positions, with no notification let alone notice and  I can't find any details of the margin in the transaction history. The only reason I believe this to be true is I never had enough equity to buy at the prices my positions were opened at. As the trade went against me I couldn't figure out why I was so underwater, can anyone from IG confirm these changes and explain why if true, there was no notice of the changes.

Hi @pavlobee

The communication team sent out an email to clients that had open positions on relevant affected stocks. 

We have shared the list of affected stocks on the community 

Please be aware that Margin changes will occur on FX as well :


I hope this helps.

All the best - MongiIG

Link to comment
  • 0
2 hours ago, AndaIG said:

Hi @pavlobee

There was a change on carbon emissions margin from 10 - 25% for new positions only. This would not have affected open positions hence no communications were sent. However at 09:00 the price did drop as low as 6099. Your positions were closed at 6108 due to breach of 50% margin rule. 

All the best, 

Anda

Thanks for the explanation now it makes sense, I wasn't sure if the margin had changed or not and there is no way of checking changes to the margin requirements.

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,090
    • Total Posts
      92,940
    • Total Members
      42,475
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    IPS Temp Admin
    Joined 06/10/22 15:40
  • Posts

    • 🔸Hello traders, let's review the 4 hour chart for AUDUSD today. Recently price was locked inside distribution trading range and subsequently it broke down below key s/r level near 6600 and hit 6500. Following the normal distribution pattern. 🔸Short-term expecting throwback to re-test mid of the distribution range and then expecting new wave of short-selling once we trigger 6700. Bears still maintain strategic control. 🔸Recommended strategy for AUDUSD bears: wait for the short-term bounce to complete near 6700 and then re-enter on SELL SIDE. TP1 bears +200 pips TP2 bears final +400 pips at 6350. Keep in mind this is a swing trade setup so will take more time to complete. good luck! 🎁Please hit the like button and 🎁Leave a comment! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.  
    • Analog Devices Inc., Elliott Wave Technical Analysis Analog Devices Inc., (ADI:NASDAQ): Daily Chart, 31 May 23, ADI Stock Market Analysis: We reacted higher off equality of C vs. A as expected and we seem to be wanting to continue higher.   ADI Elliott Wave Count: Wave C of (2). ADI Technical Indicators: Above 200EMA. ADI Trading Strategy: Looking for further upside into wave 1 to resume upside, we will have additional confirmation once we break the top of wave B. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Analog Devices Inc., ADI: 1-hour Chart, 31 May 23, Analog Devices Inc., Elliott Wave Technical Analysis ADI Stock Market Analysis: Looking for a potential five wave move off the lows, e are now expecting a three wave move into wave (ii) to then look for potential longs. ADI Elliott Wave count:  Wave  (i) of {i}. ADI Technical Indicators: 20EMA as support.   ADI Trading Strategy: Looking for a three wave move pullback in wave (ii) before resuming higher.
    • Elliott Wave Analysis TradingLounge Daily Chart, 31 May 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Zigzag Position: Wave(C) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!       Elliott Wave Analysis TradingLounge 4H Chart, 31 May 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (C) of Zigzag Details: Wave (C) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum.
×
×
  • Create New...