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Your account is currently restricted from opening new positionsYour account is currently restricted from opening new positions


Nath71

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10 minutes ago, Nath71 said:

Anyone understand why this might be when placing a trade? I have cash in there and no other open trades and it has been working fine.

Hi @Nath71,

Thank you for your post.

You are kindly requested to send us your account details via private message so we can investigate the exact cause of the restriction on your account.

All the best,

KoketsoIG

Please rate us on Trustpilot: IG Trustpilot 

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I have encountered the same problem. Apparently your account will be restricted from opening new positions if you didn’t deposit funds into your ISA account in the previous tax year. They will not email you to say they are restricting your account. The restriction will be put in place on 6th April or first day of the new tax year. To continue opening positions you must fill in a paper form requesting that your account be reactivated. You will need to do this at the start of each new tax year. Of all the brokers I use, IG is the only one with such a ridiculous policy. If they do not change it I will have to transfer my ISA to another provider.

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