Jump to content
  • 0

ProRealTime & Demo accounts

Question

If I activate ProRealTime on a demo account will IG look to charge me? I sent a request to IG seeking an answer to this question but nobody has bothered to reply.

Share this post


Link to post

4 answers to this question

Recommended Posts

  • 0

Here's the answer to your question

"You can get access to ProRealTime charts at no extra cost if you transact at least four times in a given month. However, if you don't meet this requirement, or your trading activity is of extremely low value, then a £30 per month fee will apply on the last day of every calendar month."

 

Nobody has ever found out what "extremely low value" means, but you should be fine if you place 4 times per month. I assume the 4 trades need to be on live and not on demo, otherwise what's the point

  • Like 1

Share this post


Link to post
  • 0

I am playing with small account. If I place 0.01 lot x 4 trades in a month, will I be charged SGD60?

Share this post


Link to post
  • 0

PRT is a solid charting package - well worth the money.

If  you're trying to game the free offer don't get pissed when you get burnt. Lol.

I mean don't get me wrong - it's **** phrasing - but what they're saying is 'bring in the spread to cover the costs of us offering this to you for free and it will be for you'.

Assume you need to pay the cost of spread to cover the 30 quid. i.e. £30 / 4 = £7.50 a point trade on something with a 1 point spread. Open and close 4 x £7.50 trade. OR whatever to cover that like 30 x £1 a point (on a 1 point spread).

thanks my thinking anyway.

Or just go here https://www.prorealtime.com/en/prices

and pay through the nose for all those data feeds. Tick all those data feeds you get with IG and see those prices rack up into the hundreds of euros a month...

Share this post


Link to post
  • 0

Not placed any trades on live account in November and boom got the fee charged. Without receiving any prior warning via email or similar though.

At least we know that they actually charge this now if you don't trade :D 

 

image.thumb.png.47eba3e2813986a8296e14698845d540.png

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      7,879
    • Total Posts
      41,766
    • Total Members
      52,014
    Newest Member
    Sricharan
    Joined 15/12/19 08:16
  • Posts

    • I think those swings were tradeable with a reduced position size on the Nikkei which tends to respect weekly pivots during European and American trading hours.
    • @dmedin, I don't know the answer but there may be others on the IG Community that are more knowledgable than me or even use EWT both successfully and are hugely profitable applying it. They may be aware of certain assets where the probabilities of using EWT are in their favour due to confirmed historical evidence. There may well be evidence that certain assets adhere to EWT more than others on a historical basis. Of course that does not guarantee that the assets will do so in the future but it just increases the odds and the likelihood of it occurring again.  Just because I don't have the knowledge or evidence does not mean such assets do not exist where the application of EWT would be greatly increase your chances of successful and profitable trades. I personally do not use or apply EWT to my trading and it has not hindered me. I would be interested in knowing which assets adhere to EWT more than others and what the percentages are. For example are there any assets which adhere to EWT historically over 70%? Let us put Natural Gas to one side for the moment as I personally think due to the extreme volatility you would have to be a supreme EWT technician to be able to consistently make profitable trades on Natural Gas using EWT. If you put NG to one side then are there any other assets which say adhere to EWT historically from say 50% - 70% of the time? I do not know the answer but if anyone does know then it would be very interesting and helpful to the IG Community, especially for those who are genuinely interested in EWT and applying it to their trading.  Also for those assets which say do adhere to EWT over 50% of the time how does a trader know that it will so on the next trend, next move up or down, etc? How does one establish apart from a failed trade after the event on whether the asset is going to adhere to EWT?
    • S&P has tested that trend line and is now blasting into outer space.  🥳
×
×