Jump to content
Sign in to follow this  

Stocks & Shares ISA

Recommended Posts

I am considering opening a IG Stocks & Shares ISA, is it possible to hold the cash in Dollars or Euros etc while I decide what shares or funds to invest in?  I have had a IG SB account for many years.

Thanks

Share this post


Link to post
8 hours ago, l_John_l said:

I am considering opening a IG Stocks & Shares ISA, is it possible to hold the cash in Dollars or Euros etc while I decide what shares or funds to invest in?  I have had a IG SB account for many years.

Thanks

Thanks for your post. 

With our share dealing account you can hold funds in other currencies (this is a manual conversion account rather than instant). 

The ISA account is not the same, we can't allow funds to be send into other currencies. 

Sorry about that. All the best. 

Share this post


Link to post

Not sure if I am in the right area here, but here goes. I have both an ISA and a trading account with IG, on the 7th April I requested a bed and Isa on one of my shares within my trading account as I expected the share price to rise and did not want the profits taxed. I was assured that it would be completed promptly. Unfortunately, here we are on the 17th, the transaction has not been completed and the share has risen 8% this morning. I have spent 36 years working in the NHS and to see my hard earned nest egg diminishing before my eyes is devastating. I have been on the phone for hours listening to music and recorded messages, only to be cut off time and time again. This is appalling service for what I believe to be a simple transaction. Why is this taking so long and will IG compensate me for my losses when and if the transaction is completed? 

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.
Reply to this topic...

×   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.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      13,162
    • Total Posts
      66,788
    • Total Members
      89,603
    Newest Member
    Joey23
    Joined 01/12/20 15:42
  • Posts

    • Thanks for clarifying. The support person clearly did not understand this at all, and the website is very vague! The 0.5% is something I'm used to from other platforms, and much easier to absorb as a cost on small positions when making a good entry
    • There was another fork the other day - Bitcoin Latinum - the world's largest "insured" digital asset. One wonders if every time another variant is created it simply draws away potential investors from the original version. I bet committed Bitcoiners wish these variants would all just fork off 😉 I saw something the other day that happened to mention that a Bitcoin was worth about 10 ounces of Gold.......then it hit me - would I prefer to be offered one Bitcoin out there in the ether or ten ounces of physical Gold in my actual possession? 10 Bitcoin to buy a single ounce of Gold intuitively feels like the more sensible way around as I'm certain that Gold is safe but several times less certain that Bitcoin is - so we could be out by a factor of 100! But whilst fund managers all start allocating the odd fractional percent to get exposure to Alpha for minimal portfolio downside the price will probably hold or bubble up even more. It will be interesting though  if national regulators later turn round and ban funds from holding cryptos - then they will all have to rush for the exit at the same time. Maybe that's the ultimate expected outcome.  According to Wikipedia in March 2018 0.5% of bitcoin wallets owned 87% of all bitcoins ever mined. Imagine if  transferring that 87% to fund managers at peak prices is the intended end-game before it all collapses? It would make Bernie Madoff look like a mere pick-pocket.  
×
×