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New to IG


Emil

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Hi all,

Could you help me out a bit with IG platform use ?

I’ve got practice account with T212but not very happy with them recently. Now I’m here with IG practice account.

On t212 you start with 10k and if you want to open a position with bitcoin you need margin of 6% of the current price of the instrument.

I’ve tried to buy bitcoin on IG (2 contracts) and a message showed I need to deposit 50k more?

Is one contract more than one bitcoin?

Why when I put a stop loss distance of 30 points ( I guess that £30) and my lost is terrifying £6000?

Basically how IG works ?

I was planning to invest £2000 when I get my head around how everything works but by the looks of it my 2k will be not enough.

Thanks in advance for your help

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