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Using ISA cash funds to cover margin requirements for spread betting


Guest IG User 234234

Hi I was wondering if someone could tell me whether if I transfer funds from another ISA account from another platform (all in cash) into IG, whether that would increase my funds in my spreadbetting account. Currently I am below equity for my spreadbetting account so I was wondering whether I could use my ISA account to increase my funds for my spreadbetting account so I don't get closed out.

Thank you. 

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In theory you could if you were transferring from one ISA provider to another though it may take far longer than transferring the money from your bank or paying into your account by debit card. Bear that in mind. 

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I assume you mean transferring funds from another ISA into your IG ISA to cover margin in your spread betting account? If that is the context of your question, then no. If you are looking to add money to your spread betting account, then I'm fairly sure it needs to come from a card or bank or paypal into spread betting account. You can't just transfer cash from an ISA share dealing account into your spread betting.

Better to just pay in using card or bank transfer.

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