Better info on IG tier margin

[Tudor2]

Recent email re goal posts moving yet again ! margin rates and tier costings increase ....does anyone have better explanation of how this works for the client .

( other than  obvious squeeze to benefit IG ? )

[Guest PandaFace]

Didn’t receive can you copy paste?

[Caseynotes]

@PandaFace, there are a series of links to new pdf files, one of below.

https://www.ig.com/content/dam/publicsites/igcom/uk/190200_IGI_UK_FX_Margin_Tiers_Retail.pdf

[Tudor2]

27 minutes ago, Tudor2 said:

Recent email re goal posts moving yet again ! margin rates and tier costings increase ....does anyone have better explanation of how this works for the client .

( other than  obvious squeeze to benefit IG ? )

Changes to our margin rates and tiers

We regularly review our margin rates to ensure they accurately reflect current levels of market volatility and liquidity, as well as a number of other factors that can influence risk.

We’ve conducted a review of our index, forex, commodity, interest rate and bond margins, to bring them in line with current market conditions. These changes will come into effect for both spread bets and CFDs on Saturday 16 February 2019.

Please ensure you read our latest retail margin rates for both spread bets and CFDs carefully, as margin requirements for various markets will rise or fall. Also note that the tiering structure for various markets will change. This means that while initial margin rates may not change, your margin requirement could still increase due to a reduction in tier sizes.

New margin rates for retail traders
 

Asset Class	Spread betting margin rates	CFD margin rates
Forex	View PDF	View PDF
Indices	View PDF	View PDF
Commodities	View PDF	View PDF
Rates and bonds	View PDF	View PDF
Other markets	View PDF	View PDF

How will you be affected?

If you have any open positions in affected markets on Saturday 16 February, the margin required to keep those positions open may rise. You’ll need to have enough money in your account to cover any increase and prevent your positions from being closed out.

Please note that margin requirements for working orders will also be subject to the new margin rates.

Changes to margin rates and tiers are the same for cash and futures CFDs and for daily funded and futures bets. For full details of how we calculate our margins, please visit our website .

Please note that the changes also apply to positions opened via MT4.

[Guest PandaFace]

Klkl thanks. Scanned a couple and saw someare increasing and some are decreasing. 

It is what it is. What are you trading specifically @Tudor2 which you have an issue with. Assume you don’t mind a reduction in margin (more leverage) so assume you’re annoyed about greater margin? 

[KeithP]

Please can someone point me to the IG utility to run against my portfolio to tell me how much extra cash I need to have in place come Saturday 16th February. This is to avoid auto sale of those stocks for which the margin increases. Thank you.