Negative balance protection

[Atlanticdai]

Hi all,

I am a reasonably experienced investor (5 years) but have only recently started spread betting.  I've just opened an IG account for spread betting and share dealing, due to low US stock commission, and my question is, are the balances treated separately for the purpose of the negative balance protection?

I am comfortable with the risk of losing whatever I put into the spread betting account, but I am concerned that if I got things completely wrong, and my losses exceeded my account balance, that IG could transfer money from my share dealing account to cover trading losses?  

I've scoured the website but can't seem to find anything that confirms or denies this.

Dai

[CharlotteIG]

On 18/04/2020 at 18:17, Atlanticdai said:

Hi all,

I am a reasonably experienced investor (5 years) but have only recently started spread betting.  I've just opened an IG account for spread betting and share dealing, due to low US stock commission, and my question is, are the balances treated separately for the purpose of the negative balance protection?

I am comfortable with the risk of losing whatever I put into the spread betting account, but I am concerned that if I got things completely wrong, and my losses exceeded my account balance, that IG could transfer money from my share dealing account to cover trading losses?  

I've scoured the website but can't seem to find anything that confirms or denies this.

Dai

Thanks for your post. 

We would wipe the dept if you're a UK retail client. We would never move money from your share dealing account to a leveraged unless you instruct it. 

All the best 

[Guest JohnTheReviewer]

I would like to know if the "professional trader" status can be automatically updated to our accounts (if we meet the requirements) without us applying for it expressly