As I understand it, Direct Market Access for shares with IG does not allow me to place orders directly onto the London Stock Exchange electronic order books. Instead with IG, I would actually be buying (assuming I qualify as a 'Professional client' and am granted DMA) a CFD based on the underlying price of the share itself. Therefore I would not be able to use DMA in a stocks & shares self-select ISA (though I would be able to see the Level 2 price data if I paid the L2 data fee) because CFDs are not allowed in ISAs.
You are posting as a guest.
If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.
Hi all, been up and running and watching from the side lines.
Thanks for putting the list up early as I made my own list from the gap scanner from ideas but you seemed to have more plus alot of the tickers I could not trade on IG but jumped on TG Therapeutics at 973 and took some money from that. Then jumped back in at 1059 and she plummeted and my heart just sank. I managed to ride it back up to 1053 and got out with a small profit of £20. Should have put my stop in but am still learning to get out quick . I was so lucky it went back up. Thought I was going to be on a bad loss because I didn't get out early enough.
I find that if you only gain a small amount each day its better that going hard at it and loosing.
Still got loads to learn.
Anyway cant wait till monday.
Great content and look forward to next week. Have a great weekend.
As I understand it, Direct Market Access for shares with IG does not allow me to place orders directly onto the London Stock Exchange electronic order books. Instead with IG, I would actually be buying (assuming I qualify as a 'Professional client' and am granted DMA) a CFD based on the underlying price of the share itself. Therefore I would not be able to use DMA in a stocks & shares self-select ISA (though I would be able to see the Level 2 price data if I paid the L2 data fee) because CFDs are not allowed in ISAs.
Have I understood this correctly?
Share this post
Link to post