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Multi currency accounts


psycho

Question

I have accounts in several currencies with IG. 

How can I view them at the same time?  Whenever I open the platform of a different currency, the platform in view and all the charts close down?

I have set up all my charts on one platform.  Can these templates be transferred over to the other platform?

Does the system take all the funds in my account toward a margin or is the margin the free cash amount in each platform?

Is it cheaper to trade USD denominated instruments in a USD account or is it the same as a GBP account?

Thanks very much in advance.

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14 hours ago, psycho said:

I have accounts in several currencies with IG. 

How can I view them at the same time?  Whenever I open the platform of a different currency, the platform in view and all the charts close down?

I have set up all my charts on one platform.  Can these templates be transferred over to the other platform?

Does the system take all the funds in my account toward a margin or is the margin the free cash amount in each platform?

Is it cheaper to trade USD denominated instruments in a USD account or is it the same as a GBP account?

Thanks very much in advance.

Hi @psycho,  to get an overview of all accounts you would need to go to your 'MyIG' page and select each account in turn. (see pic below)

You will need to make one template for each platform to use to create new charts on that platform.

The system looks at each account separately, the free cash amount on an account is that which has not already been allocated as margin for any open positions and so is free to use as margin for a new trade.

I'm not exactly sure of the answer to your last question but going by previous conversations on the forum I would stab at;

there is a conversion cost to trade USD denominated instruments, you could keep some money in a USD account for opening new USD trades and/or if you were going to withdraw USD. 

But the conversion cost does not appear to be high and most people seem ok with the auto conversion back to GBP once the trade is closed. 

 

image.png.43b6ce9cbe302f7a4fe5083f75a87e37.png

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Hi @Caseynotes thanks very much for your reply and suggestions.  

I guess the platform doesn't cope very well with multi currencies.  The only way I can see both accounts open is by using different browsers -  I need to do this because I will have positions open in both accounts.  On the mobile apps, it is going to be difficult unless I constantly have two devices but initiating trades on a mobile is not a good idea!

The chart templates is a pain I need to move my chart analysis to a different platform.  May I trouble you for your charting package suggestions please?  Thanks again.

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@psycho,  if I am understanding you correctly, with regards to which charting package to do analysis on a pc there are a number of choices;

The IG web based platform is fine but has a limited number of indicators.

MT4 is very good and has an excellent range of indicators but does not cover stocks and shares.

Prorealtime is very good and has good indicators but you need to be trading live regularly to avoid the monthly fee.

All three make it easy to set a chart as a template and so any new chart can be quickly converted.

I suspect given you are running multiple denomination accounts you may well be better off with IG's web based platform, you could then have separate browser pages open for your different 'My IG' accounts information as well as for your 'My Workspace' pages containing all your charts.

image.thumb.png.a1f49f99b741b0dd931c997d2172c0b7.png

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