borrowing

[Sacky]

hi everyone I have a question, If I buy A CFD what is the deposit percentage.

[Caseynotes]

1 hour ago, Sacky said:

hi everyone I have a question, If I buy A CFD what is the deposit percentage.

hi, you are not really buying a cfd you are just betting on the price movement of a cfd so there is no deposit as such but you do need a certain amount in your account to cover any losses, this is called the margin requirement and is the amount you need to order to open the trade.

[Sacky]

thanks Casey, but could you put a percentage on the margin required to buy a CFD based on the FTSE100.

[Caseynotes]

1 minute ago, Sacky said:

thanks Casey, but could you put a percentage on the margin required to buy a CFD based on the FTSE100.

Hi, the margin requirement for indices is 5% which equates to a max leverage or 20:1.

[Sacky]

Thanks Casey. I am having trouble depositing money in my account and I tried calling  and emailing IG but I have got no response.

[Caseynotes]

3 minutes ago, Sacky said:

Thanks Casey. I am having trouble depositing money in my account and I tried calling  and emailing IG but I have got no response.

is it a first time transaction? sometimes the first deposit and withdrawal can be delayed due to the checks needed by multiple handlers (your Bank > Visa/Mastercard/Paypal > Payment Service Provider > IG) all have an anti-money laundering responsibilities that delays the first time deposit or withdrawal and more so if needs to cross country boarders.

[Sacky]

I am new to the platform but it is my fourth deposit. It has happened before but t usually goes through if cut the amount and try again, but not today.

[Caseynotes]

2 minutes ago, Sacky said:

I am new to the platform but it is my fourth deposit. It has happened before but t usually goes through if cut the amount and try again, but not today.

ok, that does sound odd, normally after the link is established there should be no further problems.