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Error - "You can only place an order to close on this Market"


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Hi,

Iam new into shares market. I live in UK and am trying to buy US penny stocks. When i select  any order type (limit order, stock order , market order ), i get the error -> "You can only place an order to close on this Market. For Further details please contact help desk.". Can anyone help me i this so that i can buy the shares of that company.

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4 minutes ago, FALCON1976 said:

Hi,

Iam new into shares market. I live in UK and am trying to buy US penny stocks. When i select  any order type (limit order, stock order , market order ), i get the error -> "You can only place an order to close on this Market. For Further details please contact help desk.". Can anyone help me i this so that i can buy the shares of that company.

Hi, I doubt that you can open a position, this sign usually comes up if the company's market cap has dropped below IG's minimum and IG are just waiting for those who already have an open position to close out before removing it from the platform. It also could be that IG has reached it's maximum risk allocation for that stock and will allow no more new  positions until the amount of exposure decreases. 

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