LaserEye
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Posts posted by LaserEye
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Hi Arvin - Yes, with great delight. I hope the system issue has been rectified and will not occur again. Whether it was human error or a systemic issue, it can have far reaching consequences for both the client and IG.
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I have experienced a similar problem, but different in a way. The IG platform is displaying a materially wrong P&L balance (loss position) and triggering a margin call. The P&L total at the AUD level does not reconcile with the total of all position AUD balances. AUD P&L balance is off by more than $1100. I've taken screenshots to show this anomaly and contacted IG.
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IG platform is displaying an incorrect P&L balance on CFD accounts and issuing margin calls. Add up all P&L balances on all open positions and it will be out by more $1,000, compared to the balance shown in the summary page or app. could this be resolved?
Margin Requirement
in Investments, share dealing, and Smart Portfolios
Posted
If CFD margin is increased during times of volatility, by let's say 80% to 100%, my understanding is that this would only affect new positions and not existing positions. The previous margin requirement (20%) applicable to existing positions will not apply irrespective of the increase.. However, if I were to open a new position, then the new margin (100%), would apply going forward. Is this the correct understanding?