I finally managed to take up the allotted offer shares available to me; however, now that I can see them in my listed trading positions I cannot sell them if I wanted to. Again, IG seem to be well behind other trading platforms for making these available to deal. My friends have trading accounts in 3 other different platforms and all have them available to deal. Reading from the forums some people had them to deal the next day after the offer was made (7th July). How can this be right? I have watched the share price drop from 142 to 127 whilst some people could sell the offer shares at 142. If the price had completely dropped on the 8th July I would have lost a fortune. I contacted IG who came back with a one sentence response stating they will be available on Monday (today) at the earliest. Not very reassuring. Why are they the last trading platform to make these available? Not good enough.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
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