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Dividend deduction

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 Can somebody please explain to me why I had £490 deducted from my account this evening when I was short £50 on the Dow? I closed my position at exactly 9 pm and within a minute, had that sum deducted from my account ... thank you. Theo

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@Theo

IG process the dividend adjustment as soon as the market closes. I.e 9pm. If you do not want to incur the adjustment you need to close before the clock strikes.

If you're long they will add a percentage and if you’re short they will deduct the percentage.

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12 hours ago, TrendFollower said:

@Theo,

I am pretty sure you cannot short the Dow for £50.00 margin on IG’s Spread Betting account. 

Was it £50.00 per point? Maybe you got stopped out or your funds ran out due to use of leverage?

Thank you, but you’re incorrect. I was not out of funds, or margined out, or stopped. 

And yes, I was £50 a point short.

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