Share Dealing and ISA Account - Trading More than 3 Times a month

[MrTuran]

Hi IG Team,

I am new to IG team and would like to ask 3 questions please

 

1. After I sold my shares, I understand to withdraw the money we will need T+2/3 days for funds to settle, however if we want to trade right away, does IG allows us to use our unsettled balance right away, within the same day? 
2. I plan to use both ISA and Share Dealing accounts, but ISA is more buy and forget and SD for more day/week trading, say IF I made more than 3 trades within my Share Dealing account, does my commission free option also apply to my ISA account or do I need to make 3 trade each per account?
3. Last, but least is when they if you made more than 3 trades the previous month, does the previous month 1st of May to 1st of June or the last 30 days or older?

 

Many thanks in advance! 

[ArvinIG]

3 hours ago, MrTuran said:

Hi IG Team,

I am new to IG team and would like to ask 3 questions please

 

1. After I sold my shares, I understand to withdraw the money we will need T+2/3 days for funds to settle, however if we want to trade right away, does IG allows us to use our unsettled balance right away, within the same day? 
2. I plan to use both ISA and Share Dealing accounts, but ISA is more buy and forget and SD for more day/week trading, say IF I made more than 3 trades within my Share Dealing account, does my commission free option also apply to my ISA account or do I need to make 3 trade each per account?
3. Last, but least is when they if you made more than 3 trades the previous month, does the previous month 1st of May to 1st of June or the last 30 days or older?

 

Many thanks in advance! 

Hi @MrTuran,

Thank you for your post.

1. It is correct that you will need to wait for the settlement period to be completed to withdraw the funds in available to withdraw funds. You can use your unsettled funds to trade. The fund will reflect in the Available funds balance.

2. The 3 trades for the commission free applies for both accounts trades combined.

3.It is specified that it is previous calendar month, therefore that would be 1st to 1st

I hope that it helps !

All the best - Arvin