Jump to content

FTSE adjustment fees


Recommended Posts

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
Link to comment
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

Link to comment

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
Link to comment

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

Link to comment
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 

 

Link to comment

 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
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
      21,631
    • Total Posts
      91,896
    • Total Members
      41,908
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Tinypex
    Joined 24/03/23 16:01
  • Posts

    • Charting the Markets: 24 March The FTSE 100, DAX 40 and Nasdaq 100 slide on renewed banking woes while EUR/USD, EUR/GBP and GBP/USD drop as the US dollar, gold appreciate due to flight-to-quality flows. Crude oil and copper tumble on recession fears.  Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Friday 24 March 2023         This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.  
    • Market Breakdown | WTI Oil, EURUSD, GBPNZD, EURAUDHere are the updates & outlook for multiple instruments in my watchlist.1️⃣ WTI Oil daily time frame️The market is trading in a long term bearish trend .After the last sharp bearish movement, the market is steadily recovering.Ahead, I see a major horizontal supply area.Probabilities are high, that the next bearish wave will initiate from there.2️⃣ EURUSD daily time frameAfter a breakout of a solid daily resistance, the market is preparing for its retest.Watch carefully the underlined zone and look for buying opportunities from there.3️⃣ EURAUD weekly time frameThe pair is currently approaching a weekly horizontal resistance cluster.Taking into consideration, that the pair is quite overbought, probabilities will be high to see a pullback from that4️⃣ GBPNZD daily time frameThe pair is currently retesting a broken neckline of an ascending triangle . As we discussed earlier, the trend line of a triangle and its neckline compose a contracting buy zone now.Chances will be high that the next bullish wave will initiate quite soon.For Additional confirmation use: Divergence Indicators
    • #CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵   🔻CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.   The price formed a double top pattern on that and broke its neckline.   Probabilities will be high that the pair will drop lower soon. Goals: 141.172 / 140.363  
×
×
  • Create New...