Jump to content

Daily Charges for Future Bets


Guest Masin098

Recommended Posts

Guest Masin098

Hi

I have just started trading (spread bets only) again with IG after a decade or so. I must say the old platform (around 2008) was a lot user friendly and more intuitive then the current one. Live pricing not available for shares,

When placing a bet for a future on lets say FTSE 100 or a share, I have to place an Order and specify an Expiry Date. On old platform you could specify quarterly futures eg March-19, June-19 etc. There was no daily charge. What I am not sure is whether you get daily charges applied for specifically placing a future bet. Can someone please confirm this for me.

Also it would be nice to have the Expiry date as well as Margin Amounts displayed as columns on the Positions tab and not having to click the position and then click on i

Thanks

Link to comment

Hi @Masin098,, the expiry for a ftse future is set quarterly, current one is March 19th (see chart below) and there are no overnight charges for spread bet futures (see link). Make sure you are on the futures chart by clicking the dropdown box top left corner on the dfb chart and selecting Futures Mar 19.

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-funding-and-interest-charges-do-you-to-apply-to-futures-and

image.thumb.png.9ecc2e63fbc2ff39f35b357d538f5561.png

Link to comment
Guest Masin098

Hi Caseynotes

Thanks for your response. Not very obvious. Why not have option on Deal tab to select DFB/Futures and then the Quarter.

Above option is not available on shares, unless I am doing something wrong?

Also do you know if future expiry dates for are available for far away quarters? Eg Jun-19, Sep-19

Thanks

Link to comment

@Masin098, that's an interesting idea, having an option on the deal ticket to switch between dfb and futures.

I've noticed some markets do have a choice between quarterly and 6 monthly but never worked out what the rule was. Also, they don't offer futures (forwards) for all shares but I'm not sure what the criteria for that is either, it might be size of market cap. Apple inc (all sessions) for example offers Mar, June and Sept expiry dates.

image.png.bfeb53dcb311bd881a73a45e35edf2e8.png

Link to comment
Guest Masin098

The switching to Futures dates , I have noticed not always available for the same Instrument. not sure whether it is a bug?

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Recently, U.S. Senator Bill Hagerty from Tennessee spoke at the Bitcoin conference, stating his efforts to push for Bitcoin-supportive legislation to promote freedom and opportunity. This year, cryptocurrency has become a key battleground in the election campaigns. It remains to be seen whether future policies on cryptocurrency will improve.
    • The digital landscape is undergoing a profound transformation as attention, once a freely given commodity, is increasingly recognized as a valuable asset. Layer3 is at the forefront of this revolution, pioneering a new economy where attention can be owned, traded, and monetized   This innovative approach empowers individuals to monetize their engagement, providing unprecedented control over personal data. Simultaneously, advertisers benefit from transparent metrics that optimize campaign performance. Content creators are presented with diverse revenue avenues beyond traditional advertising, while the overall ecosystem experiences a more equitable distribution of value.   The implications of Layer3 extend across various sectors. Social media platforms, for instance, can leverage this technology to revolutionize user engagement and monetization strategies. Tokenomics play a crucial role in driving Layer3's economy, incentivizing participation and rewarding value creation. While challenges such as data privacy and market volatility exist, the potential benefits of Layer3 are immense   Anticipation is building as its native token $L3 is on Bitget Pre-market as users await its listing on the exchange. This milestone is expected to significantly increase the token's visibility and accessibility, potentially driving substantial growth and attracting new investors. As the countdown begins, the crypto community watches with keen interest, eager to see how Layer3 will perform in this new chapter.
    • I've been exploring the world of play-to-earn gaming recently, looking for something that's not just about endless grinding but actually offers a fun and rewarding experience. OGC really stood out to me because it combines gaming with a sense of community in a unique way. OGC isn't just a game; it's a platform where you can play, earn, and even help shape its future. You're not just a player; you're part of a community with a voice. The idea of earning crypto while playing games is exciting, but what makes OGC special is its focus on community involvement. Your feedback can directly influence the development of the game, which is a big deal. I've also heard that the OGC token is available for pre-market trading on Bitget. While I'm still getting to know the platform and its features, it's definitely something to keep an eye on. Has anyone else tried OGC? What has your experience been like? I'd love to hear your thoughts and any tips you might have.
×
×
  • Create New...
us