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AndaIG

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Posts posted by AndaIG

  1. Hi @beck_l24

    Thanks for reaching out, 

    When trading on a limited risk account you are required to place guaranteed stops on all of your trades. Using a guaranteed stop guarantees your stop level regardless of whether market gapping occurs. In the event of market gapping IG takes on the risk and will fund the slippage to guarantee your level. With this in mind when we perceive the market to be volatile we will increase min stop distances to reflect the level of risk that we are willing to take on in that period. Unfortunately you will not be able to avoid this on your account as it is expected behaviour when there is some volatility. 

    However you can reach out to helpdesk@ig.com.sg should you wish to enquire about upgrading your account from limited risk to standard. Standard account does not require guaranteed stops. 

    All the best, 

    Anda

  2. Hi @Ricardo33

    Thanks for reaching out, 

    When considering which would be more beneficial between the futures and the spot rate you can use the below formula: 

    Futures spread - Spot spread / (0.8%* x spot price / 360)

    *0.8% - annual admin fee for FX on the spot contract

    Using current spread rates and assuming the use of the Mar23 forward: 

    10.5 - 1.5 / (0.8% x 10893.5 / 360) = 37.178

    Therefore if you intend to hold the position for longer than 37 days it would be cheaper for you to trade the Mar23 forward. 

    Regarding the 3rd option the margin would be your premium x bet size. Your bet size will be determined by the notional amount that you are looking to hedge i.e. the amount that you expect to receive in USD. As you are looking to be long cable on your hedge you should be looking at buying a call rather than buying a put. Selection of strike price adds a complication.

    So possibly best to use the FX forward to remain essentially neutral to price change . 

    All the best, 

    Anda

     

  3. Hi @Vile81

    Thanks for getting back, 

    Apologies, let me clarify

    1. IDTG is ISA eligible, whereas ZROZ is not

    2. Unfortunately we are not able to provide advice, however you should be able to purchase IDTG within the ISA

    3. All US listed ETFs are only available to professional traders at this point, due to a EU regulation change that meant we were no longer able to offer them. 

    All the best, 

    Anda

    • Thanks 1
  4. Hi @CJ_Hughes

    Thanks for reaching out, 

    Assuming this is for share trading, I think the term average price can be misleading. In reality it is more of a average purchase price/ or average cost price. This does not change with each sale because ultimately your profit will be determined by the market value of your shares less your book cost. Book cost is determined by average price x number of shares. 

    Thus looking at your example, regardless of how many you sell. On average the shares cost you 105, i.e. When you sell 4 units, your average price remains 105. However your book cost will adjust from 1680 (105 x 16) to 1260 (105 x 12). 

    Having said this the book cost is editable, and this will automatically change the average price. So should you prefer you are welcome to edit it on your end to reflect your preferred valuation. Please details on how to this from the following link: https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/how-do-i-edit-my-book-cost

    All the best, 

    Anda

     

  5. Hi @Matches

    Thanks for reaching out, 

    The max consideration on UK stocks is GBP25 000 (GBP 50 000 for at quote/RSP orders). You can request to have this increased, however this changes the commission structure to 0.05%. It is hardly beneficial to change the max consideration because it is usually cheaper to trade in multiple clips than to change the commission structure. 

    Should you wish to change the max consideration you can send an email to helpdesk.uk@ig.com stating what you would like it changed to and that you agree to the new commission structure of 0.05%. 

    All the best, 

    Anda

  6. Hi @Pezandrews

    Thanks for reaching out, 

    There are two issues here. Firstly on Share dealing/ISA orders you are only able to trade from 12pm UK time on US shares. Our prime broker only accepts orders from this time. Secondly if you intend to trade in the pre-market (After 12 pm) you will have to adjust your order type to limit and your expiry to Day-All sessions. Market orders are only available in the main session i.e. 14:30 to 21:00 UK time. 

    All the best, 

    Anda

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  7. Hi @cate

    Thanks for reaching out, 

    Regarding the FTSE div adjustment, looks like one of the stocks which were supposed to be part of the dividends today indicated yesterday as ex dividend date. So we adjusted for it. They've since amended it to today as ex div so we will remove yesterday's adjustment from today's so will be net correct. 

    Regarding EUR/MXN, it is a holiday in Mexico on the 16th September (Mexico Independence Day). 

    All the best, 

    Anda

    • Like 1
  8. Hi @Pauly333

    Thanks for reaching out, 

    We only offer Prorealtime on leverage/ CFD accounts. As you only have a share trading account you would not be able to activate Prorealtime. Please see details on the below link: 

    https://www.ig.com/au/trading-platforms/prorealtime

    As for the issue with the charts please try the following troubleshooting steps: 

    1. Log out > Close all browser windows > Relaunch browser and log back in.
       
    2. Try another browser - Chrome is recommended, however, Firefox/Opera are great alternatives to use for troubleshooting.
       
    3. Try the browser's incognito (private) browsing mode

    Should you not find success from the above please email our IT team with details on helpdesk.au@ig.com

    All the best, 

    Anda

     

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