Jump to content
  • 0

Deposit


Guest Duna

Question

Hello Guys!

My identity and address was verified weeks ago but my account still pending. I had a conversation about my savings in e-mail and I don't meet the minimum wealth requirements. I would like to deposit 2000 and I can't see what's the problem with this. I know it's not a big amount of money but if it's impossible to deposit because my savings or earnings below €15.000 then why £250 is the minimum deposit? I would like to trade with IG because the traders who start teaching me recommend the best trading platform. Can you help me in this situation?

Thank you in advance,

Daniel

Link to comment

8 answers to this question

Recommended Posts

  • 0

Hi @Duna, agree, this would seem odd on the face of it but much would depend on the type of account you are looking to open and where. You quote in Euros so presumably you are trying to trade through an EU regulated broker and with the new margin/leverage rules a small account would limit trade possibilities but as the new EU rules also provide negative account protection your total savings should be irrelevant.

Link to comment
  • 0

Hi @Caseynotes! Thank you for your comment! Im from Hungary and try to open a simply CFD account for indices. I have ETX Capital account but the traders I know trading with IG. I have difficulties when I try to copy their moves in a market like ASX. The spread is totally different and I can't enter & exit in the same time with the same prices. It's very annoying.

Link to comment
  • 0

Thank you @PandaFace& @Caseynotes! This was in the last e-mail:

In order to have an account with IG each one of our clients needs to pass certain financial thresholds (earnings and savings) due to our internal regulations. Unfortunately as of the moment you are slightly below those thresholds, thus your account had to be declined. However, you are welcome to reapply any time once your figures rise.

When I try to create an account and choose Hungary for country of residence the only available account type is the CFD. Im just created one and ended up in this situation.

 

Link to comment
  • 0

Hi @Duna - because we offer a leverage trading platform there are a number of minimum financial requirements which are needed when it comes to earnings and savings. This is a regulatory requirement (to make sure the accounts we offer are appropriate for the audience we are providing them to) and there is therefore a base level. For whatever reason if a client's specifics is below this then unfortunately we are unable to provide an account. I hope this clarifies things. 

Link to comment
  • 0
On 29/10/2018 at 09:52, JamesIG said:

Hi @Duna - because we offer a leverage trading platform there are a number of minimum financial requirements which are needed when it comes to earnings and savings. This is a regulatory requirement (to make sure the accounts we offer are appropriate for the audience we are providing them to) and there is therefore a base level. For whatever reason if a client's specifics is below this then unfortunately we are unable to provide an account. I hope this clarifies things. 

Hi @JamesIG, whilst I understand the reasoning you were very vague about the actual requirements. Could you please elaborate as to what the "base level" is. I have also had an account turned down for the exact same reason and would like to know when to apply for a new account. However, given I have not been told what the criteria is, I have absolutely no idea when to do this. 

Link to comment
  • 0
On 24/09/2020 at 13:04, Guest Vinny said:

Hi @JamesIG, whilst I understand the reasoning you were very vague about the actual requirements. Could you please elaborate as to what the "base level" is. I have also had an account turned down for the exact same reason and would like to know when to apply for a new account. However, given I have not been told what the criteria is, I have absolutely no idea when to do this. 

Hey Vinny, 

Unfortunately we cannot disclose the earnings, savings or experience requirements to traders as that may sway the amounts they put down on the sign up form. 

Apologies for the inconvenience but this is something we cannot tell clients. 

All the best 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • The integration of AI into metaverse can be seen as a transformative shift. While companies leverage on AI to streamline creation process and enhance user experience, the integration of AI within the metaverse facilitates smooth interactions, providing users with instant information. In ROGin AI is a platform that combines the strengths of both technologies to offer wide financial services, ranging from cryptocurrency investment to NFT trading; an earning service that gives users access to simplified asset management, and a social trading platform that enhances users investment choices.  Its ecosystem boasts of vast features that have been integrated to enhance user experience, including features like Web3 wallet, reward system, governance etc. ROGin AI tokenomics, another core part of its ecosystem drives it growth, having burned 1.8bn out of 2bn tokens initial issuance, shrinking the total number of tokens issued to 200m. With ROG now about to list on Bitget on 19th June 2024, a high demand and potential surge could be in the offing.
    • Frankly, it's a relief to know that Nvidia is more valuable than the entire German stock exchange. Yes, there is room for it to grow and it's banking on automation to help it do so, but is it really worth all of German equities? Probably not. It's a company that manufactures chips, like Intel or AMD or Huawei or Qualcomm. It's a 2024 version of Cisco systems. The price is, like most on the Nasdaq, speculative. It's trading at a p/e of 62. Sixty two.  AI has been a real boon to the NASDAQ, though actually in real world use cases it's been a bit less than impressive. From personal experience anyway. More hype than substance. Chat GPT being especially disappointing and is getting dumber the longer it is being gatekept and limited. However, having lived through the original dot com bubble, nothing should surprise where imaginative valuations are concerned. This time appears similar. A seeming relentless unstoppable race into price discovery. World use cases that seem to negate the need for people to do any work (so who's going to pay for whatever services are being offered?)       Sure AI has and indeed will be integral to our future. But we could be hyper-focusing ourselves into a compromising dilemma on the use case for actual humans, for example. Is Apple worth the 2 trillion bucks the stock price says it is, now it is using ChatGPT AI in it's new devices? Again I return to my use case examples with Chat GPT where it regularly tells me it can't help. Ok, I can have existential debates with Claude from Anthropic about the evolution of AI. But can it help with strategy trading Gold, for example? There it becomes resolutely mute. Can it or will it create software (EA's) for MT4/5 platforms based on predetermined strategy or confluence of strategies? Or integrate strategy for the purpose of gaming out possibilities? That would be a Nope.  Negatory. No can do. Long way to go then. Long way. The prices however, would indicate all of this and virtual paradise are just around the next corner. Unless, aggressive war/defence AI decides in a pique of frustration that human beings are beastly and not worthy of being it's master and the best thing for all concerned is to send them back to the stone age. There are doubtless many religious enthusiastic fantasists who would welcome such eventualities, but they are in the minority of Tiny.  In brief, the Nasdaq looks set to break the $20k barrier and will likely continue headlong into the next market capitulation, whenever that will be. There is intermarket bearish divergence with the Dow and Nasdaq, though the S&P500 is close to new ATH's like the QQQ. There has been no correction since 2022 of any real note.  If you have been riding the Nvidia wave then well done, just remember to book profits. The Fed is still giving decent, once in a generation returns on risk averse investment as insurance.     
×
×
  • Create New...
us