Jump to content

Unsettled Debit


Recommended Posts

  • 2 weeks later...
  • 2 weeks later...
On 02/04/2020 at 16:29, jbutleruk said:

Hi all.

I have an amount in my unsettled debit, on the overview tab. What is this and how is it calculated? 

Thanks. 

 

On 06/04/2020 at 14:48, applicant679339 said:

I have the same question.  Did you get any answers Jbutleruk?

 

On 06/04/2020 at 14:52, Guest Jbutleruk said:

No. 

 

On 20/04/2020 at 15:31, hawksworthy said:

I've got this also - same question from me!  Grateful for some help. 

 

On 05/05/2020 at 15:15, HeadBeeGuy said:

I've it too, it's very unusual. What could we 'owe'. It's a massive amount. Can anyone shed light on this? @CharlotteIG

Hey everyone, 

If this is on a non-leveraged account (Share dealing or ISA) an unsettled debit are the funds we require when you buy shares. Say you bought £10,000 worth of shares. These funds are made unavailable on your account however 2-3 working days later the funds settle which means we send your funds to the person you bought the shares from. 

This is the underlying settlement period which we have no control over. 

When you sell the shares you will see an unsettled credit. 2-3 working days later the funds will settle and you can withdraw them if you wish. 

I hope this helps. 

Link to comment
  • 3 weeks later...
  • 2 months later...
On 30/07/2020 at 14:47, penguintrader said:

Can you trade with this amount in the time it takes to settle? If you only had a small amount in the trading account then this would mean 2-3 days no trading???

If you have bought something and it's an unsettled debit you will not be able to trade with this. The reason for this is it's an unsettled amount for shares you have already bought. 

If you sell stock and have an unsettled credit you can trade with these funds. If you sell shares and want to withdraw the funds you have to wait 2-3 working days before you can withdraw, 

Link to comment
  • 5 months later...
On 06/08/2020 at 17:37, CharlotteIG said:

If you have bought something and it's an unsettled debit you will not be able to trade with this. The reason for this is it's an unsettled amount for shares you have already bought. 

If you sell stock and have an unsettled credit you can trade with these funds. If you sell shares and want to withdraw the funds you have to wait 2-3 working days before you can withdraw, 

Would I be able to sell the stock if It's still pending then?

Link to comment
3 minutes ago, Guest H0ii said:

Would I be able to sell the stock if It's still pending then?

Hey, 

If you're asking that when you buy stock and you have an unsettled credit, can you sell the stock... if so then yes. You will see an unsettled debit on the account for when you sold it and an unsold credit amount when you've sold the stock. 

Link to comment
  • 3 years later...

Hi @CharlotteIG can you please advise me on this matter?

I have been trading with IG since 2018.   I have NEVER had an issue with Trading several times per day using my full account value.  As an example, if my total account value was £1000,  I have been able without issue to trade in and out within minutes and never had an issue of Unsettled Credit or Debit which has not allowed to me to trade any further.  Nor have I ever seen a Negative Balance in either Funds Available or Available to Deal.

Yesterday 17th April, I had available over £800 to Trade (total account value £1072).  I bought 2 stocks using the full account value leaving around £2 Available to Deal.  I then went to the shop.  I soon noticed on my App that I was -£495, and my account value was around £320, even though my PL was only under £150.  (these figures are approx).

Yesterday i sold half of one of my position, and I am still -$168 with £350 Unsettled credit.

I have never experienced this before.   While I have contacted Helpdesk a simple reply of 'Unsettled Credit' was the answer.  What has changed?  I feel something is really wrong here.

 

 

Thanks.

 

Link to comment

...............to make my question a little clearer.

Yesterday i had around £800 to deal.   I bought 2 stocks with the full account value leaving around £2 Available to Deal.  While there was a considerable amount Unsettled Credit and Debit which is not uncommon as i trade many times daily, I bought the stocks with no issue.  Shortly after, my Available to Deal showed as -£495 instead of £2, Funds showed as -£495 and my account value showed as £320. even though my stocks choices were only down less than £5 each.

Link to comment
  • 2 weeks later...
On 11/05/2020 at 15:12, CharlotteIG said:

 

 

 

 

Hey everyone, 

If this is on a non-leveraged account (Share dealing or ISA) an unsettled debit are the funds we require when you buy shares. Say you bought £10,000 worth of shares. These funds are made unavailable on your account however 2-3 working days later the funds settle which means we send your funds to the person you bought the shares from. 

This is the underlying settlement period which we have no control over. 

When you sell the shares you will see an unsettled credit. 2-3 working days later the funds will settle and you can withdraw them if you wish. 

I hope this helps. 

Hi @CharlotteIG I sold my last shares on Monday this week and they have still not settled.  Could you take a look please?  Thanks.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Centralized exchanges are often more popular than decentralized exchanges due to their user-friendly interfaces, ease of use, and protection against scams that can occur when interacting with various dApps on decentralized platforms. Navigating decentralized exchanges (DEXs) can be complex, which adds to the appeal of centralized alternatives. While DEXs offer several ways to earn passive income, such as staking, centralized exchanges have also introduced various opportunities for users to earn in a simpler and more straightforward manner. Some notable products that have proven efficient and beneficial for users include Launchpool, PoolX, Shark Fin, Range Sniper, Dual Investment, and others. Personally, I favor PoolX and Launchpool because they provide rewards on an hourly basis and the entry barrier is quite low for everyone to take advantage of. Shark Fin, Smart Trend, Range Sniper, and Dual Investment cater to investors with different investment goals and risk management preferences. One reason I particularly like Shark Fin is that it guarantees investors' capital while offering significant returns. All these products are available on the Bitget exchange, providing users with opportunities to earn passive income, especially in uncertain market conditions. I am interested in learning about other products you guys use to earn more crypto on centralized exchanges. Let's discuss
    • Hello IG Team @KoketsoIG Could you please provide a definitive update on the status of the TradingView integration? Many of us have been eagerly awaiting this feature for nearly two years, and it’s becoming increasingly frustrating to not have a clear timeline or concrete information. Many users have already expressed their concerns and the inconvenience of having to switch between brokers due to the lack of this integration. This delay has even caused some of us to move parts of our trading activities to other platforms that offer seamless TradingView integration. We understand that technical challenges can arise, but considering the significant time that has passed and the fact that smaller brokers have managed to implement this feature, it's perplexing why a company of IG’s stature is still unable to provide it. If there are specific technical hurdles or a projected timeline, we would appreciate transparency on these matters. The ability to trade directly from TradingView charts is a crucial feature for many of us, as it significantly enhances our trading efficiency and overall user experience. If this integration is not feasible in the near future, could you kindly inform us so we can make informed decisions about our trading strategies and platforms?  
    • A leading cryptocurrency exchange known for its innovative trading solutions, has reached a remarkable 1.4 million followers on Twitter, surpassing many traditional fintech companies. Currently ranked among the top crypto exchanges by social media following, Bitget saw an estimated 200,000 new followers in the past month alone, according to social media analytics data, placing it ahead of several major upcoming exchange and even some popular crypto influencers in terms of Twitter engagement. This remarkable growth in Bitget's social media following can be attributed to its consistent ecosystem expansion. The exchange has been continuously introducing new features, supporting emerging projects, and enhancing user experience, which naturally attracts crypto enthusiasts to follow their updates. The exchange commitment to innovation, security, and community engagement has been key in building trust and interest among users, leading to this impressive growth across various social network services.
×
×
  • Create New...
us