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Knock-out FX pairs


1kp1

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Hi,

I have 33 currency pairs that i like to trade. Since the knock-outs came about it has enabled me to trade like i use to before the ESMA rules came about with regards to leverage. Currently though you only have 14 different currency pairs available to knock-outs. Can i ask when you are rolling this out to the other pairings?

Many thanks

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Hi,

Really appreciate your response. With regards to margin i thought with knockouts the margin is equal to your maximum risk?, so if for example I was trading at £1 per point and the knockout was 100 points away i would only need £100 of margin to place the trade, whereas if i placed it by usual means my margin would be nearer £450.

Is that right or have i got this completely wrong?

 

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Really quite annoyed at this that there has not been any kind of announcement. I certainly haven't received any email. Ive spent last few weeks mastering them in demo to now be told ive completely wasted my time. With that amount of leverage there is no point whatsoever in using a knockout over a standard FX trade.

Do IG have something in the pipeline that will help people out around the higher leverage costs? 

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Hi @1kp1 - I'm sorry that you felt ill informed about the change to minimums on our latest product type. We did email all clients who had placed a deal via this particular method to update them, and those who had open positions. We didn't want to 'spam' those who hadn't traded via this method so we did need to make a cut off at some point. I'll feed this experience back to our communications team. 

When it comes to new product types we are continuing to review all possible options going forwards and shall continue to be market leaders in our wider offering. When we have a more concrete roll out plan for any potential future developments Community members will be some of the first to know. 

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