By iamcryptic · Posted
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd and share dealing and stocks and shares ISA accounts provided by IG Trading and Investments Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957), IG Index Ltd (a company registered in England and Wales under number 01190902) and IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Index Ltd (Register number 114059) and IG Trading and Investments Ltd (Register number 944492) are authorised and regulated by the Financial Conduct Authority.
The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Question
James19806
Looking for a way to use IG that suits my trading. I mainly momentum trade and scalp at NYSE open and mainly low cap volatile bio tech stocks but others too. The issue is that non of these stocks are available for borrowing so that rules out cfd and spread bet. I have tried to use the share dealing account for this but the large spread and lack of a take profit and stop loss feature makes this impossible. Looking at using dma with the l2 dealer platform to solve this as it has take profit and stop loss, no idea what the spreads are like though as i haven't got market access on there yet. Any other solutions people may use? How does everyone else find IG for day trading volatile securities? It seems hardly an stocks have borrowing available anyway which renders the platform useless which is a shame as its very nice to use, why there is no 1:1 leverage option i don't know, seems they are missing out on a lot of commission really.
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