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On 18/02/2023 at 18:23, greenscorpio1000 said:

The adjustment fees for this instrument 

February weds 16th  12:18 

February weds   23 rd  19:78

However how many are long on the DFB 

 

This is just eating away any potential profits 

 

 

Hello is everyone asleep on here including the ig employees

Edited by greenscorpio1000
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On 18/02/2023 at 20:23, greenscorpio1000 said:

The adjustment fees for this instrument 

February weds 16th  12:18 

February weds   23 rd  19:78

However how many are long on the DFB 

 

This is just eating away any potential profits 

 

 

Hi @greenscorpio1000

Thanks for reaching out.

A dividend adjustment is not a fee, its an adjustment which you can neither profit nor lose from these price movements, as they’re scheduled public events. If you have an open position through a dividend adjustment, we’ll ensure that there is no material impact on you by either crediting or debiting your ledger with the exact amount you have incurred as additional running loss/profit due to the dividend adjustment.

 

All the best - MongiIG

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Yes this seems a contrived reply as usual,why if it's an adjustment it's settled days earlier regardless of future chart movements.The adjustment fees are high when the instrument is at high resistance or support  levels basically the FSTE "plugged" at the moment .Can't you say something abit more creative or more transparent 

Edited by greenscorpio1000
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Hi @greenscorpio1000

Please note that as previously mentioned, the dividend adjustment is not a fee. When you are trading on leverage, you do not own the underlying asset and you therefore cannot profit from dividends as they are scheduled public events.

Dividends work by reducing the share/index price, therefore we will need to do an adjustment to reflect the material impact of the dividend depending on whether you are short or long. If you are long, you will make a loss because of the dividend and we will have to credit your account by the running loss as a result of the dividend. If you are short we will have to debit your account by the amount of the running profit incurred because of the dividend. This is done because you are not supposed to profit nor lose from dividends.

All information relating to this is available on our website: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/products-markets-and-trading-hours/how-do-dividend-adjustments-affect-my-spread-betting-of-cfd-posi

 

All the best - MongiIG

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On 21/02/2023 at 16:57, greenscorpio1000 said:

Yes this seems a contrived reply as usual,why if it's an adjustment it's settled days earlier regardless of future chart movements.The adjustment fees are high when the instrument is at high resistance or support  levels basically the FSTE "plugged" at the moment .Can't you say something abit more creative or more transparent 

 

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 Sorry Ignore above was nt meant to post it again .

Yes regarding day trading or traders who rarely hold trades overnight, though surely significant levels of support/ resistance still apply on the spot chart regardless of an adjustment.

Edited by greenscorpio1000
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