Ocugen - IG not allowing new trades

[Omegaguy123]

I closed some DFB spreadbet positions for profit.

 

Then tried to open new ones and it says they won’t allow new positions??

Only closing old ones 

[KoketsoIG]

Dear @Omegaguy123,

Thank you for reaching out to us! Please be aware that the stock is no longer available on leveraged accounts (spread bet and CFD); it is only offered on non-leveraged accounts (share dealing). Currently, it is on 'closings only' on leveraged accounts, which means you can only close existing positions.

To close this market, please make sure you are closing from the 'positions' tab and not from the deal ticket.

All the best,

KoketsoIG

[Omegaguy123]

Why is this? 
 

what’s the reason? I’ve had open positions on this stock for over 3 years 

[KoketsoIG]

18 hours ago, Omegaguy123 said:

Why is this? 
 

what’s the reason? I’ve had open positions on this stock for over 3 years 

Hi @Omegaguy123,

Please note that this is due to the higher broker margin requirements which will need to be transferred to the client and make leveraged trading unfeasible.

Thanks,

KoketsoIG