Jump to content

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


Recommended Posts

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! 

Link to comment
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

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
      23,001
    • Total Posts
      95,345
    • Total Members
      43,623
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    dCortel
    Joined 25/09/23 22:13
  • Posts

    • For me, AI can be the most efficient innovation in crypto in a long while. Reliability could certainly grow to an unprecedented high if more improvements are made because I think it's not a finished product yet. I've had the privilege to use some AI-backed trading tool on some platforms like the AI grid bot on bitgetglobal and the algorithm used is quite average at this stage but maybe close to the best at the moment. It simplifies complex trading strategies in one move making it possible to make informed trading decisions on behalf of the user. My take on whether or not it hasn't driven up adoption is that adoption are somewhat slow subject to the volatility of the crypto market and the recent rise in need for regulatory conformity
    • The cryptocurrency industry has grown rapidly in recent years, with the total market capitalization now exceeding $500 billion. However, the industry still faces a number of challenges, including security and on-chain efficiency which is one of the biggest challenges in the cryptocurrency industry, because in recent years, there have been a number of high-profile hacks of cryptocurrency exchanges & wallets, and traders are faced with high cost of on-chain transactions. All of which summed up to make cryptocurrency trading less efficient. In order to address these issues, exchanges are seen taking up the responsibility of solving the problems and I've seen Bitget, a leading cryptocurrency derivatives exchange, recently partnering with Cobo, a leading provider of digital asset custody and security solutions. This partnership is aimed at enhancing the security and efficiency of cryptocurrency trading, which will allow users to seamlessly execute cross-exchange transactions, enabling users to capitalise on arbitrage opportunities without having to deposit their funds directly on exchanges. This could significantly reduce on-chain transaction gas costs and make crypto investments more efficient and cost-effective. Developments like this, if it could be capitalised on would take away bad players from the industry, make crypto a safe place and increase its adoption, but how wide would it cover for the whole users in the crypto space and even Bitcoin?
    • Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis Summary: Elliott Wave (iv) of  c) of 4 Flat Correction for US Indices and DAX. Trading Strategies: Once Wave (iv) has reached its 38.2% retracement level, short term traders can start to look for short trade setups into Wave (v) of c) of 4. The longer term Video Chapters 00:00 SP 500 (SPX)  11:01 NASDAQ (NDX) 12:39 Russell 2000 (RUT) 14:20 DAX 40 (DAX) 19:37 FTSE 100 UKX (UK100) 23:18 ASX 200 (XJO) 29:08 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge    Access Trial    
×
×
  • Create New...
us