New user - minimum spread bet size increased after one month?

[Guest pripet324]

Hello. I am a new user having started a month ago using the spread betting platform.

Yesterday I noted that the minimum stakes that I can place have increased generally by a factor of around 4-5.

For example, Goldman Sachs used to allow me to trade at £0.01p a point, but now the minimum is £0.05p. I have noted a similar pattern on other shares, always around the 4-5x increase in minimum stake from before.

Is this something that happens automatically after a period of time (as above, I've been using the platform for a month) or is there another cause?

 

 

 

[CharlotteIG]

On 07/11/2019 at 20:40, pripet324 said:

Hello. I am a new user having started a month ago using the spread betting platform.

Yesterday I noted that the minimum stakes that I can place have increased generally by a factor of around 4-5.

For example, Goldman Sachs used to allow me to trade at £0.01p a point, but now the minimum is £0.05p. I have noted a similar pattern on other shares, always around the 4-5x increase in minimum stake from before.

Is this something that happens automatically after a period of time (as above, I've been using the platform for a month) or is there another cause?

 

 

 

Hey @pripet324, thanks for you post. 

When you first start up on spread betting you do get 75% reduction in the bet size for the 1st week, the 2nd week it's 50%, the third week you get 25% off the bet size then on the 4th week it's the normal full bet size. 

On CFD it will be 50% for a week then normal bet size. 

We have reduced sizes so clients can try smaller sizes and practice. 

I hope this helps.