Regulatory Changes - Retail Trader

[Guest JinGin]

Hi, since the regulatory changes last year trading margins have gone up, requiring bigger accounts...

Q. Anyone found an alternative, where you can continue trading as before (lower margins) e.g. from an Overseas jurisdiction (ie. another country) ?

 

 

[Exhale_Trading]

No need to look overseas, just outside the EU is enough. Switzerland would be an alternative for example.

[Guest JinGin]

1 hour ago, Exhale_Trading said:

No need to look overseas, just outside the EU is enough. Switzerland would be an alternative for example.

Anyone using or have tried this? 

If so, any info on how you go about doing this will be very helpful.

(...Assumimg IG dont provide this service !!!!!)

Cheers 

[Caseynotes]

Many have reported signing up with IG Swiss and Australia with no problems. See their comparison page.

https://www.ig.com/uk/compare-our-leveraged-trading

[Exhale_Trading]

I have moved my trading to IG Swiss. Was no problem at all. I simply closed my account and opened a new one with IG Switzerland.

[Sunny Days]

Hello.

I have a CFD account (spread bet not legal), with IG Austrailia, Opened with no issues 

 

[Guest JinGin]

ThanQ All. 

 Exhale_T - Can you create an IG Swiss account and also keep your UK account ? 

What are the differences, one should be aware of before opening an IG Swiss account.

Any help appreciaterd.

(PS: Only considering IG Swiss to obtain better Margin Ratio's !!)

[Sunny Days]

I have UK & Austrailia accounts.

I also would like to hear of any pitfalls that might await

[Guest JinGin]

presume no issues if u r a UK resident?

 

[Sunny Days]

You are correct.

[Guest Guest]

A couple of 'issues' with IG Switzerland and IG Australia...

—Spread Betting is not available, only CFD trading is possible —which is not tax free.

—CFD contracts are priced in currencies other than GBP, so a conversion back to GBP may increase/decrease withdrawals. 

—The charts on IG have times locally set in Switzerland or Australia time —IG ought to allow adjustment of the timeline on charts to be set as any timezone.

[Guest PandaFace]

Valid points but I believe there are gbp denominated values in your Point 2 above. 

[Exhale_Trading]

You can have the account in switzerland in the base currency you prefer. I have mine in SEK for example.

@JinGin: I didn't try to keep mine but if Sunny Days can have two I'd assume that you also can.