Jump to content
  • 0

confused about margin and CFD


Guest andyls

Question

Guest andyls

Hi all, 
I am very new to CFD. Therefore, I need help about this.

I just deposited 1000AUD into IG and invested 2 USA company CFD shares at 50 UNITS OF $10 AND 20UNITS OF $30. i discovered that I had actually
paid AUD1128 for the 2 investments. There is an extra of $128. Is this known as the margin?. Is this an amount like a loan from IG. 
If the market is against me,IG will ask me for extra payment which will be higher than the money i deposited.
 I was notified in writing that my account will be assigned with a limited risk account (with negative balance protection).
 Is my account totally protected?
Next, I also discovered that I can even withdraw up to $788 worth of funds which is really confusing. Why AUD788? I deposited only 1000AUD and have already spent everything on the 2 shares with an extra of $128.
Please advise. Thanks

Edited by andyls
Link to comment

1 answer to this question

Recommended Posts

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,076
    • Total Posts
      95,532
    • Total Members
      43,696
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    moose
    Joined 05/10/23 00:10
  • Posts

    • Summary: Still expecting another low for indices, the current move up part of a corrective rally. Normally I look for indices lead from stocks, however some stocks are displaying strength and some weakness so this mix bag is showing up in the Nasdaq 100 pattern as a probable wave four triangle at the current low. Trading Strategies: Nil Video Chapters 00:00 SP 500 (SPX)  05:02 NASDAQ (NDX) 08:26 Russell 2000 (RUT) 10:43 DAX 40 (DAX) 16:07 FTSE 100 UKX (UK100) 22:15 ASX 200 (XJO) 38:47 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   Access Trial  
    • A lot of transformation is happening to BNB at the moment with the integration of bitcoin lightning network and Optimism especially with opBNB birth but that has not reflected in users confidence primarily because of the many negativities surrounding the platforms operations in North America and Australia. BGB on the other is gaining traction and value because a lot of investment is going into the development of the ecosystem recently with the injection of $100M and also improved partnership deals
    • I know we still have a lot to do to attract massive crypto adoption but steps like those taken by Binance and bitget in the wake of what happened to FTX is commendable in righting the wrongs of the lapses and loopholes that exist pre-FTX saga. But more still needs to be done to restore confidence to the level it was pre-2020 bear market like consistent regulatory framework and regular security updates by crypto platforms
×
×
  • Create New...
us