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Subra

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Hi IG team,

Please find the below attached summary of my two accounts held with IG so far. Out of the two accounts, I guess one account 100071 will be affected due to the upcoming increased margin requirements (2% to 5%). Please confirm whether my calculation is correct and let me know how to avoid a margin call for my account 100071. From my understanding, I am thinking of two options,

Option1: Transfer the balance equity from 100071 to my other account 102230.

Option 2: Close this 100071 account.

Please check and recommend me a solution. Another question: For 100071 account, after 5thOct, will my account be completely shutoff or only few orders will be closed by IG and leave the account alive?

NAME

AC NO

Current margin 

Current free margin 

New  margin(1.5 times of current margin)

New free margin (current free margin – new margin)

Margin call

Subra-1

100071

17604

6000

26406

-20406

Yes

Subra-2

102230

19000

62000

28500

33500

No

 
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