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New "add funds" system doesn't allow any amount for margin call. This is URGENT
Asked by
thesarayiahpost,
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10/06/21 10:53
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By Maxicreed01 · Posted
I think his partnership with Bitget is actually a success considering considering he also won 2 ballon d'or and Bitget has continuously grown I the process. I feel more 20 million registered users in 5 years since inception is unprecedented. -
By Maxicreed01 · Posted
That's a wise call and it's important to also confirm that the exchange of your chosen should be in compliance and perhaps licensed in your country. -
By Captainsaudi · Posted
Investing in crypto could be challenging especially the Fear of Missing out Lambo. This mostly affect traders trading strategy and ideology. Predicting the right time to buy is always cumbersome and that is why many analyst advise DCA because it curtails FOMO and gives you a long-term crypto trading mentality. In crypto Dollar Cost Averaging involves investing the same amount of money in a target token at regular intervals over a certain period of time, regardless of price. This will help to control volatility on your portfolios and minimize FOMO For example when you decide to invest $100 on a token and invest $10 daily or weekly or monthly till you fulfilled you $100 target investment on the token irrespective of the price of the token. This strategy helps a crypto trader to build his portfolio over the long term thereby he/she is not bothered by short-term volatility in the broader markets. This strategy mostly favours low-budget traders in building a strong portfolio but the problem most normally encounter is exchange minimum trading amount. One analyst advised on how to mitigate this was to accumulate on exchange that has lower trading fees and later send to where you desire to hold. He also noted that some of this exchanges are good in listing good projects for you to be among the early birds. Do you think DCA is the best method to accumulate token and which exchange offers the lowest tradeable balance and trading fees?
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Question
thesarayiahpost
Dear Sir/Madam
You have recently updated the payment system on IG trading platform on the website. However, this has now stopped the ability to add funds of any amount when on margin call. This needs to be rectified as this is a major problem as can lead to delay in adding funds as now the only way to do so if adding below £250 is to call in and lead to positions being closed. When on margin call it has always been the position of IG that you can add any amount to cover that margin call as it should be.
The same problem is also on the app, but that wasn't too much of an issue before as you could always log in to the web platform and make a margin payment. However, now this is a major issue.
Imagine recently when crypto was crashing - a lot of people would have been on margin call - and due to the new system they would have been closed out due to the inability to cover that margin unless paying in £250 or more.
Please rectify this with urgency.
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