Jump to content

Minimum bet size


spiderman

Recommended Posts

The CFD and MT4 platforms offer mini contracts but not IG's spread betting platform. With the esma margins on some smaller accounts their max bet size could become less than the platform's minimum bet size. Seems unfair and discouraging to anyone just starting out.

Link to comment

Hi

 

Yes, that's what I think. I have seen a few traders who use youtube etc and they can bet smaller. How can IG grow their customers when the new rules come into force. Smaller bet size will allow them to learn on a smaller account. 

Link to comment
Guest PandaFace

This could be an option, but also are you really going to want to put in any effort for 10p a point? The FTSE would have to move a staggering 10%, or 700 points-ish to make £70...

Link to comment
Guest PandaFace

Yeh it does and it’s a worthwhile suggestion, but this seems more like a quick one to maintain the actual process of spreadbetting but doesn’t help with the underlying issue.

 

You could scale in and out and split your bids, but I don’t think a good result of a 10x increase in margin requirements is to simply /10 the min bet size.

 

I feel there would be a better result, if that means going to Swiss IG or even a different company which seems like an absolute ache and a bit of a risk of the unknown.

 

Does anyone know - can the FCA block this whole esma mess? Or the uk gov or anything on our side?

Link to comment
Guest PandaFace

You’re missing the point. At 10p a point the market (FTSE) would need to move 10% to make £70. From the highs in jan this took 20 bars. I dunno about you but it would be nice to make more than 70 quid in a month. And that’s over one of the most volatile time periods and sell offs in recent years...

 

The fact that you have 100 systems working at the same time is irrelevant. Why not just have a minimum bet size of 1p and have a 1000 EAs working at the same time...

Link to comment
Guest EA-trader

One needs to spread risk amongst many trading/investing  strategies, instead of betting the whole house on one race.50 eas making £5 daily is £250 per day is better than one warrior fighting an army, better army fight one warrior.  SunZtsu

 

Many strategies make fear in buckets , of big warrior and big army.

 

 

 555.jpg

Link to comment

IG used to have a spread bet minimum of 50p up until about 2014.

 

Under the new EU regs punters will now be blowing up their accounts more slowly. The key to surviving is not really about account size but consistency, if you can stay on the field til you find that compounding will take care of account size (admittedly also more slowly).

Link to comment

mg2.PNG

 

10% margin on "minor" indices !

 

When trading Hong Kong CFD min size margin would be 3000 (and 1000 more for potential losses)

 

and with a guaranteed stop of 100 the risk is only 100

 

(yes i know its all about reducing leverage, but anyway :smileyfrustrated:)

Link to comment
  • 3 months later...

I've just noticed that the minimum position size on GBP/USD (not sure about other instruments) has been reduced to 50p per point on the web platform. When did this happen? I've not seen any announcement about reduced position sizes ?. I'm pleased it's happened though.

Link to comment

I have been an IG customer for quite sometime (7+ years) and trade a diversified long-term trend following strategy using spread-bet products. The new ESMA ruling has basically removed my ability to trade some of the bond and interest rate spread-bet products as the margin requirement on these , if you are trading a volatility targeted strategy as I am has become ridiculous!

I wonder if it is possible for IG to offer exactly the same products (spreadbets at the pre ESMA margin levels) via their Australian or Swiss brokerages e,g $1AUD per point. Although the no CGT is a bonus it is not the reason I trade spreadbet contracts against CFDs, it is because of the smaller position sizes I can hold.

Just a thought...

 

Link to comment

@Hedgehog86 - we also have a new product (as below) which you may be interested in. Currently these are only available for FX, indices and some commodities, however we will hopefully be expanding this offering going forwards. 

I appreciate your requirements fall out of the remit of the below, but it may be of interest. 

 

Link to comment
  • 4 weeks later...
On 8/7/2018 at 4:49 PM, LeoTrader said:

I've just noticed that the minimum position size on GBP/USD (not sure about other instruments) has been reduced to 50p per point on the web platform. When did this happen? I've not seen any announcement about reduced position sizes ?. I'm pleased it's happened though.

Now all of the major pairs have had their minimum position size reduced from £1/pt to 50p, as well as some of the minors. Indices too; the FTSE 100 from £1/pt to 50p and the US 500 has been slashed from £5/pt to £1. I don't trade much else so not sure about other instruments but I'd assume this is across the board. It's a welcome change that will be beneficial to those with smaller accounts. I wonder why it hasn't been announced though. 

Link to comment
20 minutes ago, LeoTrader said:

Now all of the major pairs have had their minimum position size reduced from £1/pt to 50p, as well as some of the minors. Indices too; the FTSE 100 from £1/pt to 50p and the US 500 has been slashed from £5/pt to £1. I don't trade much else so not sure about other instruments but I'd assume this is across the board. It's a welcome change that will be beneficial to those with smaller accounts. I wonder why it hasn't been announced though. 

you're quicker at noticing then I am at getting out a Community post and running by the relevant teams for sign off. ;) More to follow on Community, and email communications are in the works. Quick spot  there pal - I'll follow up shortly @LeoTrader

Link to comment
  • 4 weeks later...
15 hours ago, 1kp1 said:

If you could lower all the minor FX and the Australasian FX bet sizes to 50p im sure that would help out a ton of people with smaller account sizes. 

thanks for the feedback request @1kp1 - I've forwarded to the flow desk. They confirmed whilst there isn't a plan to reduce this at the moment, we are continuing to review this subject very closely. Thanks again. Any changes and I'll be sure to update. 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Asian stocks tracked Wall Street lower as strong US flash PMI data increased expectations that interest rates will remain higher for longer, leading investors to shy away from risky assets. Much weaker-than-expected UK retail sales are further contributing to investor risk aversion and weighing on stocks. Japan reported slowing headline and core inflation, while oil prices dropped sharply this week following better-than-expected US flash PMI data with the US dollar set for a weekly gain.  
    • AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar/U.S.Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: corrective STRUCTURE: blue wave 2 POSITION:  black wave 3 DIRECTION NEXT HIGHER  DEGREES:blue wave 2 DETAILS: :blue wave 1 looking completed at  0.67165. Now blue wave 2 of 3 is in play. Wave Cancel invalid level: 0.63628   The AUDUSD Elliott Wave analysis on the day chart examines the market using Elliott Wave theory to understand the ongoing trend and forecast future movements. The current market function is identified as a trend, indicating that the price movements are generally following a predictable pattern that can be analyzed and projected.   The mode of the market movement is corrective, suggesting that the market is in a phase of adjustment or retracement within the larger trend. Specifically, the structure being analyzed is blue wave 2, which is part of a larger corrective pattern within the broader trend.   The market is currently positioned in black wave 3, meaning it is in the third wave of a larger five-wave sequence. This position within the wave sequence indicates that the market is in a significant phase of movement that often involves substantial price shifts.   Looking to the next higher degrees, the analysis suggests a transition to blue wave 3 after the completion of the current corrective phase (blue wave 2). This indicates that following the correction, the market is expected to resume its primary trend with an impulsive wave, which is typically characterized by strong and decisive price movements.   The details of the analysis highlight that blue wave 1 has been completed at a specified level, marking the end of the initial phase of the trend. Now, blue wave 2 of 3 is in play, indicating that the market is undergoing a correction before it resumes the primary trend direction with blue wave 3. A critical aspect of this analysis is the wave cancel invalid level, set at a specific point. This level serves as a threshold; if the market price drops below this point, it would invalidate the current wave count and necessitate a reassessment of the wave structure and market projections. Monitoring this level is essential to confirm the validity of the wave pattern and ensure accurate predictions.   In summary, the AUDUSD on the day chart is currently in a corrective phase within blue wave 2 of a larger trend. The market is expected to complete this correction before transitioning to blue wave 3, marking a return to the primary trend. The wave cancel invalid level is a crucial point to watch to validate the current analysis and future forecasts.     AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart,       Australian Dollar/U.S.Dollar (AUDUSD) 4 Hour Chart     AUDUSD Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: corrective STRUCTURE: red wave C POSITION: blue wave 2 DIRECTION NEXT HIGHER  DEGREES:blue wave 3 DETAILS: red wave B of 2 looking completed, now red wave C of 2 is in paly. Wave Cancel invalid level: 0.63628       The AUDUSD Elliott Wave analysis on the 4-hour chart focuses on the current market trends using Elliott Wave theory. This analysis identifies the prevailing function as a counter-trend, suggesting that the market is moving against the primary trend, undergoing a temporary correction or retracement phase.   The mode of this market movement is corrective, which is characterized by a structure designed to counter the preceding trend. Specifically, the structure under examination is red wave C, which is part of a larger corrective wave pattern. In this context, the market is currently positioned in blue wave 2, indicating that the market is in the process of completing a correction before potentially resuming the primary trend.   The analysis suggests that the direction in the next higher degrees will be blue wave 3. This implies that after the completion of the current corrective phase (blue wave 2), the market is expected to enter a new impulsive phase, characterized by stronger and more decisive price movements in the direction of the primary trend.   The details provided indicate that red wave B of blue wave 2 appears to be completed, and now red wave C of blue wave 2 is in play. This phase involves the market completing its corrective movements before potentially resuming its primary trend direction. The completion of red wave C will mark the end of the corrective phase (blue wave 2), setting the stage for the next impulsive wave (blue wave 3).   A crucial aspect of this analysis is the wave cancel invalid level, set at 0.63628. This level serves as a critical threshold; if the market price drops below this point, it would invalidate the current wave count, necessitating a reassessment of the wave structure and the market’s projected direction. Monitoring this level is essential to confirm the validity of the wave pattern and ensure accurate market predictions.   In summary, the AUDUSD is currently in a counter-trend on the 4-hour chart, undergoing a corrective phase within blue wave 2. The market is expected to complete red wave C before transitioning to blue wave 3, marking a return to the primary trend. Keeping an eye on the invalidation level is crucial to validate the current wave count and ensure the accuracy of future market forecasts.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • ASX: ASX LIMITED - ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)   Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED - ASX. We've identified that wave 2-re has recently bottomed out, and wave 3-red is now unfolding to push significantly higher.   ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis   ASX: ASX LIMITED - ASX 1D Chart (Semilog Scale) Analysis Function: Major (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave (iii)-purple of Wave 3-red Details: Short-term outlook suggests that the 2-red wave has just concluded, and the 3-red wave may be ready to resume its upward movement. We are waiting for a smaller ABC Correction to have a good Long Trade Setup. Invalidation point: 61.71       ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis TradingLounge (4- Hour Chart)   ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis ASX: ASX LIMITED - ASX 4-Hour Chart Analysis Function: Major trend (Minuette degree, purple) Mode: Motive Structure: Impulse Position: Wave ((2))-red of Wave (iii)-purple   Details: The shorter-term outlook indicates that wave (ii)-purple has bottomed, and wave (iii)-purple appears to be unfolding, still in its initial stages. Waves ((1))-red and ((2))-red are developing, and after wave ((2))-red concludes, wave ((3))-red should return to push higher, potentially increasing to the medium level around 65 in the short term. Invalidation point: 65.35   Conclusion:   Our analysis, forecast of contextual trends, and short-term outlook for ASX: ASX LIMITED - ASX aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.   Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here!  
×
×
  • Create New...
us