Jump to content
Sign in to follow this  

Opening a second account with a different IG office. ID verification? Minimum deposit?

Recommended Posts

Guest JohnDough

Hello!

Does opening a second account with a different IG office require another ID verification? Are the minimum deposits relevant as well (e.g. opening an account with the Swiss IG office with an existing UK/European IG account that has less than 2500 CHF on it)?

Thank you for your answer.

JD

Share this post


Link to post

I opened a second account with IG/AU because of the ESME regulations in order to trade with lower margins, even though I have had to do so with CFD's rather than Spread Betting (which is only available in IG/UK). I have not been asked for ID verification as already have an IG/UK account. Minimum deposits are the same - in whatever currency you trade in.

Share this post


Link to post

Thanks @idabida - it's worth noting that this is also down to your personal circumstance and the account type you are looking for. It really is a case-by-case basis. For example, some clients who open Swiss accounts will require additional documentation such as proof of identity/residency. This will be down to specific laws in Switzerland and to be compliant with local regulations. 

Share this post


Link to post

absolutely! great reply and v helpful, but I just wanted to bulk out a bit of flavour to manage expectations. thanks very much and have a good one :) 

Share this post


Link to post

Just to add my experience. I closed my UK account and opened a new account at IG Switzerland. I was treated by IG Switzerland as if I was a new customer, so I had to go through the usual ID verification (I expected this, so no problem with that).

Since then I have been happy customer of IG Switzerland and did not experience any further problems or limitations.

  • Thanks 1

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      5,852
    • Total Posts
      25,307
    • Total Members
      31,480
    Newest Member
    Sukima
    Joined 12/12/18 08:08
  • Our picks

    • China to cut US car tariffs from 40% to 15%- EMEA Brief 12 Dec
      Asia stocks were higher Wednesday morning; Nikkei 225 rising over 2%, ASX 200 up by 1.25% and Hang Seng Index around 1.36%. This was followed by the news of China to cut US car tariffs from the planned 40% to 15%, the same tax charge on car imports from other countries
      • 0 replies
    • The pattern continues - APAC brief 12 Dec
      The pattern continues: Wall Street indices have been swinging about madly again. The pattern continues: an open, a rally or fall, then a retracement or recovery. Today we’ve had an open, a rally, then retracement, then a recovery again. There were stories behind this price-action. Everything that happened overnight appeared perfectly explicable. One wonders though if the swings in trading activity are being overly attributed to headlines. Or perhaps it’s the case that higher volatility and sensitive nerves are leading to accentuated moves. Whatever the cause, fundamentally, the bears still have control of the equity market. There is a softer intensity to the selling on Wall Street this week. However, with the extremeness of last week’s moves having not been unwound yet, what we are seeing is sellers piling in on top of sellers, bit by bit.

      ASX200: SPI futures have turned positive, after oscillating wildly during the overnight session. That contract is indicating a 17-point jump for the ASX200 at time of writing. Yesterday was a tepid but respectable day for Australian shares, managing to muster a 0.4 per cent gain for the day. Volume was slightly above the 100-day average and breadth was okay. Growth stocks led the charge, following US tech’s gains the night prior, with the health care sector up 1.7 per cent, courtesy of a strong bid for CSL and ResMed. The materials space was the biggest points score for the index, adding 8 to the overall index’s performance. The trend is still down for the ASX200, as it is with global equity indices presently. However, yesterday’s daily candle, combined with a bullish divergence on the RSI, suggests some buyers are re-entering the market in the short-term, potentially offering temporary upside to ~5700.
      • 0 replies
    • Trading in Asia was mixed as US shares stabilized overnight. In the meanwhile, the ongoing discussions between China and the US adds uncertainty.
      • 0 replies
×