Jump to content
  • 0

UCO position change, but I don't know why!


Ramamon

Question

Hello Guys,

I opened two position on the ETF UCO  on CFD account  at the price of around ~2.0 holding 5K shares.

But today my position has changed (as attached below) to be holding only 200 with price ~50.0.

Can someone please tell me what has happened here?

image.png.23ac9f5eba9859b1a0353bc22329a14a.png

image.thumb.png.a1dccc5002f217b468d7c9cf1d121895.png

Link to comment

8 answers to this question

Recommended Posts

  • 0
20 minutes ago, Ramamon said:

Hello Guys,

I opened two position on the ETF UCO  on CFD account  at the price of around ~2.0 holding 5K shares.

But today my position has changed (as attached below) to be holding only 200 with price ~50.0.

Can someone please tell me what has happened here?

image.png.23ac9f5eba9859b1a0353bc22329a14a.png

image.thumb.png.a1dccc5002f217b468d7c9cf1d121895.png

 

Link to comment
  • 0
18 hours ago, Ramamon said:

Hello Guys,

I opened two position on the ETF UCO  on CFD account  at the price of around ~2.0 holding 5K shares.

But today my position has changed (as attached below) to be holding only 200 with price ~50.0.

Can someone please tell me what has happened here?

image.png.23ac9f5eba9859b1a0353bc22329a14a.png

image.thumb.png.a1dccc5002f217b468d7c9cf1d121895.png

This stock has a consolidation. This is when the company will offer you 1 share for every 25, for example. 

We don't have control over these but we have to adjust when these are announced. 

All the best 

  • Thanks 1
Link to comment
  • 0
17 hours ago, abehbeh said:

my share account was close and shares sold without me knowing and all cash was withdraw from my account, but not into my bank by someone. it sounds like there's internal problem with the IG.  GOD HELP! everyone

Thanks for your post. 

When we withdraw funds to a bank we have to see proof that the bank account is in your name. 

If you did not contact us, sell your shares or withdraw your funds you need to reach out to our help desk so we can raise a fraudulent case and it needs to be reported to the police. 

All the best 

Link to comment
  • 0
54 minutes ago, CharlotteIG said:

This stock has a consolidation. This is when the company will offer you 1 share for every 25, for example. 

We don't have control over these but we have to adjust when these are announced. 

All the best 

Hello CharlotteIG,

Does this consolidation happens to ETF traded on spreadbet accounts as well?

Is it applied  demo accounts (CFD/spread bet) too?

Regards,

Ramzi.

 

Link to comment
  • 0
On 22/04/2020 at 11:24, Ramamon said:

Hello CharlotteIG,

Does this consolidation happens to ETF traded on spreadbet accounts as well?

Is it applied  demo accounts (CFD/spread bet) too?

Regards,

Ramzi.

 

Stock consolidations and stock split (so the reverse meaning you would be (for example) 25 shares for every 1 you hold) will reflect on leveraged accounts as well. 

At the moment there may have been issues with the demos reflecting these. Due to high demand we have has to focus on making sure all Live accounts are dealt with correctly. 

All the best 

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
  • General Statistics

    • Total Topics
      23,569
    • Total Posts
      96,879
    • Total Members
      44,146
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    sweettooth
    Joined 29/11/23 22:18
  • Posts

    • I think his partnership with Bitget is actually a success considering considering he also won 2 ballon d'or  and Bitget has continuously grown I the process. I feel more 20 million registered users in 5 years since inception is unprecedented. 
    • That's a wise call and it's important to also confirm that the exchange of your chosen should be in compliance and perhaps licensed in your country. 
    • Investing in crypto could be challenging especially the Fear of Missing out Lambo. This mostly affect traders trading strategy and ideology. Predicting the right time to buy is always cumbersome and that is why many analyst advise DCA because it curtails FOMO and gives you a long-term crypto trading mentality. In crypto Dollar Cost Averaging involves investing the same amount of money in a target token at regular intervals over a certain period of time, regardless of price. This will help to control volatility on your portfolios and minimize FOMO For example when you decide to invest $100 on a token and invest $10 daily or weekly or monthly till you fulfilled you $100 target investment on the token irrespective of the price of the token. This strategy helps a crypto trader to build his portfolio over the long term thereby he/she is not bothered by short-term volatility in the broader markets. This strategy mostly favours low-budget traders in building a strong portfolio but the problem most normally encounter is exchange minimum trading amount. One analyst advised on how to mitigate this was to accumulate on exchange that has lower trading fees and later send to where you desire to hold. He also noted that some of this exchanges are good in listing good projects for you to be among the early birds. Do you think DCA is the best method to accumulate token and which exchange offers the lowest tradeable balance and trading fees?
×
×
  • Create New...
us