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Balance requirement calculator


Chesbet

Question

Hi,

I recently tried to spread bet on NVDA at the lowest amount but got the message along the lines of not sufficient balance or the equivalent.

Is there a calculator to tell me what balance I need for a bet or is it just a matter of guessing by how much I need to top it up please ?

TIA

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You don't need a calculator, the IG web interface tells you everything you need to know. For any spread bet, before you actually press the Place Deal button, the interface shows you what the margin of your proposed bet would be. For example:

Screenshot2024-04-11at16_40_53.thumb.png.af3f8fad54c134adae0313df04f31be4.png

This shows that if I were to make a bet of £1 per point selling the Dow at 38300, the margin would be £1914.87. That amount is less than my available balance of £41k, so the bet would be accepted. Conversely

 

Screenshot2024-04-11at16_42_42.thumb.png.6a13bf3825cfece9f16a070e99c1698a.png

 

In this case I want to make the same bet, but at £100 per point. The margin would be £191k, which is way too much compared to what I have available. If I pressed the Place Deal button here, I'd see the same error message about insufficient balance that you saw.

Different markets have different margin rates. You can see the margin rate for a market by clicking on the Info tab

Screenshot2024-04-11at16_44_26.thumb.png.870310d8bbeab69775a19ee383bbb305.png

It also shows how the margin amount is calculated, and a potential way to reduce it using guaranteed stops.

There is more information here:

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/margin/what-is-leverage-and-margin

 

 

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