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AndaIG

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Posts posted by AndaIG

  1. Hi @OChe

    Thanks for the question. 

    The actions that we take depend on the country that you move to. ISA regulations stipulate that you can keep the ISA. However as we are not able to offer execution in some jurisdictions we are forced to take actions that supersede the regulations.

    If a UK client moves to the EU our set up is such that we are not permitted to offer execution services. Therefore the following actions would apply:

    Share dealing: You would need to instruct a transfer out within 30 days or positions would be closed and we would look to remit the funds.

    ISA: You can elect to transfer out (other brokers may be permitted to provide execution in the EU), otherwise positions will be closed. While positions are closed you can keep the funds with us but you would be blocked from further funding or trading. This would allow you to avoid losing the tax wrapper benefit. 

    For moves to counties other than the EU the following would apply:

    Share Dealing:

    UK to Australia: It is easier to open a share dealing account with the Australian office, the UK one would be closed after the shares are moved across. 

    UK to Gibraltar or Channel Islands: We only need to confirm tax residency but you can maintain the account

    UK to any other country: As you would be moving to a tax residency where we cant offer Share Dealing you would need to transfer out.

    ISA: 

    For most countries besides the EU you can keep the ISA and continue to trade with the existing funds. However you will be prohibited from further subscriptions i.e. adding funds.

    The exception to this is a move to the US. Due to restrictions and what we can offer you would either need to transfer out or positions would be closed. 

    Hopefully this provides some clarity. 

    All the best, 

    Anda

     

     

  2. Hi @Nostradamex

    Thanks for the query. 

    Change will be calculated from the closing mid price today minus closing mid price on previous day. Using Codan as an example:

    Closing Mid price Friday: 8.385

    Closing Mid price Today: 8.380

    Difference between the two -0.005

    To calculate the percentage change: -0.005/8.385= -0.06%

    In addition your two screenshots are on different timeframes. i.e. monthly and daily. Thus they are showing opening last traded price for the month and opening last traded price for the day. 

    All the best, 

    Anda

     

     

    image.png

    image.png

  3. Hi @RamzanAli

    Thanks for the query. 

    Please note that we have had to increase margin requirements and discontinue limited risk accounts in Dubai. This is due to the Dubai Financial Services Authority's (DFSA) new requirements.  

    1. 1 mini contract of GBP/USD will require around $450 in margin. You can add a normal or guaranteed stop manually from the deal ticket. 

    2. Yes you are at liberty to set your desired stop distance. 

    3. Unfortunately we have discontinued limited risk accounts. 

    All the best, 

    Anda 

  4. Hi @Starpunch

    Thanks for the query. 

    Apologies that you were not able to get through to the helpdesk. 

    In spread betting all stocks are displayed such that the point movement is to the left of the decimal point. This is the equivalent of 1p for UK stocks. Therefore in your example the bet size would need to GBP1000 per point to make GBP1000 in a 1p price movement. 

    All the best, 

    Anda 

  5. Hi @JFB3

    Thanks for reaching out, 

    Please note that you are not able to sell what you do not own in Share Dealing/ ISA account. Therefore no short positions to open are available in that format. In the leverage environment that message would come up if there was no borrow available. i.e. we are not able to borrow the share from our broker, therefore we are not able to offer a short position. 

    All the best, 

    Anda

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