ProRealtime Access to be Revoked/Charged

[Guest TradingSailor]

HI everyone, 

Just received an email from IG yesterday notifying that my access to ProRealtime will be revoked come end April due to my "trading activity" 

I will therefore have to start paying for the software from May. 

It seems that 4 round turns is no longer the standard - I made almost 260 trades last year and on about 30 trades this year. I am by no meana high volume scalper but also not the standard longer term swing trader.

Anyone else had the same experience?

Thanks

[Caseynotes]

5 minutes ago, TradingSailor said:

It seems that 4 round turns is no longer the standard - I made almost 260 trades last year and on about 30 trades this year. I am by no meana high volume scalper but also not the standard longer term swing trader.

They take into account the number of, and size of trades and as they must pay PRT for each user so they have a minimum limit of through put on the platform. The £30/month is still a lot cheaper than going direct to PRT which was about £50 if you really want to stay on PRT.

[Kodiak]

This "trading activity" 

Is it on all platforms in total or only trades with prorealtime?

 

 

[Caseynotes]

Any IG platform as far as I'm aware.

[Guest TradingSailor]

email extract :

"We have reviewed your account activity, and unfortunately we are no longer able to provide our third-party charting package ProRealTime to you for free. However, your free access to IG charts will continue as normal."

[Caseynotes]

yeah, so I believe that it's down to the trading activity with IG in total rather than just the trading activity on the PRT platform, so you could use PRT for charting and the online platform for dealing and you would be fine.

Edited April 16, 2019 by Caseynotes

[Caseynotes]

sorry, don't seem able to communicate a coherent sentence today, I'm meaning above that so long as total trades with IG are sufficient then there won't be a charge for PRT.  

[Guest TradingSailor]

all relevant, but I do feel they should specify. Rather then make it 10 round turns or 20 rather than going back on the original terms..... 

 

[Guest GavinB]

Serious question: what are the main advantages of PRT charts over IG charts if there are some?

[Caseynotes]

@GavinB,  PRT is a specialist charting package that pulls in a brokers pricing and dealing feed in a similar way to tradingview, so for charting they like to present themselves as having all the bells and whistles and indeed they do, whether or not you would make use of all the additional features is another matter. 

You can download the manual and take a look.

https://www.prorealtime.com/en/help-manual/quick-tour