AMC $APE

[narsufin]

Hi,

 

I was under the impression that $APE was a tradable share available on the NYSE.  Can you tell me why it's considered a "complex instrument" by IG and not available to buy online?

[OfentseIG]

16 hours ago, narsufin said:

Hi,

 

I was under the impression that $APE was a tradable share available on the NYSE.  Can you tell me why it's considered a "complex instrument" by IG and not available to buy online?

Hi @narsufin

Thanks for reaching out. 

We are unable to trade this stock. MMTLP.PK is currently restricted by our prime broker Citi. This holding would have to be transferred out of IG to another broker if you want to trade it. All the best, OfentseIG

[narsufin]

1 hour ago, OfentseIG said:

MMTLP.PK is currently restricted by our prime broker Citi.

Thanks for your reply.  I did not ask about MMTLP.PK.

 

Yesterday I tried to buy $APE on ig.com and received a message saying that "this is a complex instrument" and not tradable online.  Can you please explain why that is, as I understand that it is trading on the NYSE and is considered to be a straight forward equity.

[OfentseIG]

1 hour ago, narsufin said:

Thanks for your reply.  I did not ask about MMTLP.PK.

 

Yesterday I tried to buy $APE on ig.com and received a message saying that "this is a complex instrument" and not tradable online.  Can you please explain why that is, as I understand that it is trading on the NYSE and is considered to be a straight forward equity.

Hi @narsufin

We apologize for the confusion. We have sent you an email to help update your account. Through your share dealing and/or ISA account(s), you may be able to trade Exchange Traded Commodities, Exchange Traded Funds, Listed Investment Funds (such as Investment Trusts, REITs or listed Hedge Funds), or funds domiciled outside the UK and EU. 
 
In some cases these products will embed derivatives, be subject to liquidity constraints or not have sufficient information available for retail clients and therefore expose you to higher risk than trading shares or non-complex products. We suggest you familiarize yourself with the educational material on our website as well as that provided by the issuers of these products. 
 
If you continue to hold these products in your share dealing and/or ISA account(s), or if you open further positions following this warning, we’ll consider that you have acknowledged that trading these products is not appropriate for you, that you wish to proceed nonetheless and that you understand the risks associated with trading these products. 

All the best, O.D

[narsufin]

Thanks.  I look forward to receiving the email.  My account is set up to buy stocks on US indices and have bought and sold shares on the NYSE a number of times without any issues.

[OfentseIG]

3 minutes ago, narsufin said:

Thanks.  I look forward to receiving the email.  My account is set up to buy stocks on US indices and have bought and sold shares on the NYSE a number of times without any issues.

Hi @narsufin

An email was already sent to your registered email address. Please check your inbox. IG continuously reviews the products it offers. It could have been a recent change to the stock. All the best, OfentseIG

[Dniv]

My amc $ape shares have disappeared from my isa holdings. Can you explain why this position is no longer visible? 

[OfentseIG]

24 minutes ago, Dniv said:

My amc $ape shares have disappeared from my isa holdings. Can you explain why this position is no longer visible? 

Hi @Dniv

The stock is not ISA eligible. All positions had to be moved to the share dealing account. Please check your linked share dealing account. All the best, OfentseIG