Help me to understand the charges and P&L

[HarishM]

Hi Guys, Newbie here,

 

I open IG Demo account for CFD and I made 3 demo trades. can anyone help me to understand the P&L ? 

Its showing 2 trades have loss of 16.3  & 16.8 and one has profit of 0.2 - so total loss should be -32.90. but why its showing -45.03 at the bottom in total ? 

 

Help me to understand this. 

 

Thanks 

[ArvinIG]

6 hours ago, HarishM said:

Hi Guys, Newbie here,

 

I open IG Demo account for CFD and I made 3 demo trades. can anyone help me to understand the P&L ? 

Its showing 2 trades have loss of 16.3  & 16.8 and one has profit of 0.2 - so total loss should be -32.90. but why its showing -45.03 at the bottom in total ? 

 

Help me to understand this. 

 

Thanks 

Hi @HarishM,

You P/L is showing -45.03 because of the currency difference, it is in USD.

Once you are on this screen you can click on the filters next to " Market" as below:

If you change your P/L in GBP it should add up with the number you see per rows.

I hope that it helps.

All the best - Arvin

[HarishM]

Hi Arrvin, 

 

Thanks for Guidence ! 

I understood, my base currency is USD, then why my p&l is not showing in $ only. why this coversion create misunderstanding ? is there any way to make it show in USD only ? 

 

-Harish 

[ArvinIG]

4 minutes ago, HarishM said:

Hi Arrvin, 

 

Thanks for Guidence ! 

I understood, my base currency is USD, then why my p&l is not showing in $ only. why this coversion create misunderstanding ? is there any way to make it show in USD only ? 

 

-Harish 

Hi @HarishM,

In your case it's showing up as GBP because your contracts are in GBP :


If you use open USD contracts you will have your P/L for each positions on USD. Unfortunately we can't change the P/L per position to USD.

I hope that it helps.

All the best - Arvin

[HarishM]

I understood. Thanks.

 

One more question, How can I change time zone in My IG's mobile app and Desktop site ? 

 

Thanks. 

[ArvinIG]

10 hours ago, HarishM said:

I understood. Thanks.

 

One more question, How can I change time zone in My IG's mobile app and Desktop site ? 

 

Thanks. 

Hi @HarishM,

The time zone is synchronised with your account location. A UK client will have UK time, AUS clients AEDT and so on. 

Therefore you won't be able to change the time zone.

I will forward your feedback to the relevant department.

All the best - Arvin

 

[HarishM]

Ok thanks. I hear ya,

 

I have one more question.  I have Download MT4 and open MT4 CFD account. 

How Ever, I am finding difficulties in Adding US 500 CFD and India 50 CFD. can u help me how can I add those in the market watch and what symbol I should insert there ? 

 

Thanks 

[ArvinIG]

On 09/04/2022 at 00:52, HarishM said:

Ok thanks. I hear ya,

 

I have one more question.  I have Download MT4 and open MT4 CFD account. 

How Ever, I am finding difficulties in Adding US 500 CFD and India 50 CFD. can u help me how can I add those in the market watch and what symbol I should insert there ? 

 

Thanks 

Hi @HarishM,

If you right click in the ‘marketwatch’ window and then select ‘show all", does it appear?

Please be aware that due to licensing constraints IG  we’re withdrawing all products, including binary options, on the India 50 on Friday, 1 July 2022.

A restriction on opening trade was placed on  Friday, 1 April 2022.

Thank you - Arvin

 

[HarishM]

so you mean I can't trade India 50 CFD as well ?

[ArvinIG]

6 minutes ago, HarishM said:

so you mean I can't trade India 50 CFD as well ?

Hi @HarishM,

That is right, you can find this information on the dealing ticket on the info tab:



Sorry for the inconvenience.

I hope that it helps - Arvin

[HarishM]

Understood, Thanks for the Information.