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AndaIG

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Posts posted by AndaIG

  1. Hi @mamunmaziz

    Thanks for the query. 

    Controlled risk premium is only charged when your guaranteed stop is triggered. When opening a position with a guaranteed stop the premium will be held aside along with the margin. But will only be charged if the stop is triggered. It would be returned alongside the margin if the position is closed without the stop being triggered. 

    For more details please see the following link: 

    https://www.ig.com/au/help-and-support/cfds/orders--stops-and-limits/how-much-does-a-guaranteed-stop-cost

    All the best, 

    Anda

  2. 12 minutes ago, MichaelDE said:

    Hi,

    I placed a CFD Market-Order via https://demo-api.ig.com/gateway/deal/positions/otc (POST) as follows:

    {
    "currencyCode": "EUR",
    "dealReference": "TESTxy",
    "direction": "BUY",
    "epic": "IX.D.DAX.IFMM.IP",
    "expiry": "-",
    "forceOpen": "False",
    "guaranteedStop": "False",
    "orderType": "MARKET",
    "size": 0.5
    }
    I obtained the deal confirmation via https://demo-api.ig.com/gateway/deal/confirms/TESTxy (GET) as follows:
    {
    "date": "2021-11-24T10:16:31.629",
    "status": null,
    "reason": "MINIMUM_ORDER_SIZE_ERROR",
    "dealStatus": "REJECTED",
    "epic": "IX.D.DAX.IFMM.IP",
    "expiry": null,
    "dealReference": "TESTxy",
    "dealId": ...and so forth...
     
    My question is: What is the MINIMUM_ORDER_SIZE?
    Size 1.0 worked - is this the minimum?
     
    Thanks
     

    Hi Michael, 

    Thanks for the query. 

    Yes, 1 contract is the minimum size on Germany 40 demo. This is displayed on the deal ticket as illustrated below:

    image.png 

    All the best, 

    Anda

    • Like 1
  3. Hi @tuquoge5401

    Thanks for the query. 

    1. That should not be the case, if you correctly reference your ISA account ID then the funds should be deposited to your ISA account. Yes you can however easily move the funds between the accounts. 

    2. Yes one cannot change the base currency on a share dealing or ISA account. You can however convert your share dealing account into a multi-currency account. This will allow you to hold multiple currencies in your share dealing account. Making it possible to deposit in USD without the need for conversion fees. To make this change go to My IG>live accounts>currency conversion. Then change from instant to manual. Before making this change be aware that it will disqualify you from commission discounts as mentioned in the following link: https://www.ig.com/uk/investments/share-dealing/costs-fees. Multi-currency account is not permitted on the ISA account. 

    3. On the ISA account the funds will be auto-converted every time you trade US stocks. That would mean the funds would be converted to USD when you buy then back to GBP when you sell.

    All the best, 

    Anda 

  4. Hi @Dominic4782

    Thanks for the query. 

    You can trade US stocks and ETFs both on ProRealtime (PRT) and through the IG platform. The instruments available on PRT would be the same as those available on the IG platform. The benefit of PRT is in its functionality as a charting package. Please see the following link for more details on PRT: https://www.ig.com/sg/trading-platforms/prorealtime

    All the best, 

    Anda

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