OfentseIG

Hi @Martinius Unfortunately we cannot discuss account queries on the IG community platform, as this is a public platform. I have sent you an email regarding your position. If a company performs a stock consolidation your original position will be closed at your original opening level and size, ensuring no profit or loss is realized. A new position will then be opened to reflect the ratio of the consolidation. The book cost would have to be edited to reflect the true cost. You can also edit your book cost on the platform. All the best, OfentseIG

Hi @Kgrp74 Thank you for reaching out. HMRC rules don't allow you to hold foreign currency in an ISA, but you can still buy international shares. The gains on currency conversions are only seen and credited in the account once you sell the shares if the currency rate is favorable to you. We also have to consider the 0.5% spread added to the exchange rate and commission charges which would normally offset your profits. Thanks, OfentseIG

Hi @Steveblaze Thank you for reaching out. Simply put, buying a Put option is a bearish strategy. This is a strategy that you would employ if you were bearish about the prospects of the underlying markets, or if you thought the price is likely to remain the same. You are buying the right, but not the obligation to sell a certain product at a certain price at a set date. Therefore, if the price goes down you, the option holder, would execute the right to sell at a higher price but if the price goes up you will not execute the right to sell at a lower price, therefore you lose the premium. Whereas when selling a Put option, you would employ this strategy if you thought the market price is likely to remain the same or to rise. You are selling the right, but not the obligation for the option holder to sell you a certain product at a certain price at a set date. Therefore, if the price goes up the option holder will not execute the right to sell you a product at a lower price, consequently you keep the premium, but if the price goes down the option holder will execute the right to sell you a product at a higher price thus causing you a loss. Have a look at How you can trade options All the best, OfentseIG

Hi @boup09 Thank you for reaching out. We took a business decision to include initial margin of pending orders. The purpose of this was to reflect the margin requirement status on the account. This is to protect our clients from placing new trades which might result into a margin call as soon as the position is opened. Thanks, OfentseIG

@CJ-TradingFloor Thank you for reaching out. You can deal shares on a leverage accounts (SpreadBets or CFDs) or through non-leverage accounts (Share dealing or ISA). Have a look at how to trade shares with IG. You can also find Share Dealing Fees and Charges on our website. Thanks, OfentseIG

Hi @Dicko9 Thanks for reaching out. Please kindly note that IG is an execution only broker. That means we only execute trades as per clients' instruction but do not offer investment advice.A junior ISA is something you could explore, but unfortunately we do not offer this type of ISA in IG. Or ideally, you can contact a financial advisor for more assistance. Thanks, OfentseIG

Hi @KCD Thanks for reaching out. As you were holding a short position, you would need to look at the Ask/Buy price on the chart. Looking at your screenshot you are viewing the Mid Price. You can change the Price setting by right clicking on the chart >> Price >>Ask. Your stop triggered due to the Ask price reaching your stop level and closing your position at a slippage of -0.03 Slippage is when the price at which your order is executed does not match the price at which it was requested. This most generally happens in fast moving, highly volatile markets which are susceptible to quick and unexpected turns in a specific trend. I have attached a screenshot to shoe the Ask Price at 08:28 All the best, OfentseIG

Hi @Martinius That is correct. For a stop order on a share dealing account, placing a stop order would work a stop order in the market. Once the trigger level reaches, it works at market until full size is filled. Please kindly note that once the stop level is triggered and your sell order works at market, the aim of the order would be to fill your full size and would give you a price at market. If you choose the level $96 and the market reaches $96, it either sells all your shares at $96 depending on the volume or starts to close your position at the next available price until the full size is filled. Using your example, depending on the length of time the order will be in the market for, if you want to sell if the price goes down to $96, you have to place an order to sell at $96. If the price goes up to $105 and you wish to sell at the new price, you would have to amend the existing order to sell at $105 rather than $96. It would not be possible on a share dealing account to place two sell orders. This would give you the rejection reason "you are selling more than you currently own". All the best, OfentseIG

Hi @YomboSB Welcome to IG Community. Different minimum sizes give different minimum exposures per market. There are different minimum exposures our desks are willing to take per market. This is purely based on the exposure we are willing to offer as the minimum for that market. For example, the standard minimum size you can take for FTSE 100 is 0.50 on a spread bet account. Using the current price of 7037, your exposure in the market would be 3 518.5 (0.5 x 7037). So that's the exposure size we are willing to offer our clients. All the best, OfentseIG

Hi @Amur3001 We are sorry to hear that you are not satisfied with your opening or closing prices. Slippage occurs when a market moves suddenly during the few seconds between when an order was placed, and when it was executed by a broker or on an exchange. This most generally happens in fast moving, highly volatile markets which are susceptible to quick and unexpected turns in a specific trend. The price difference can be either positive or negative depending on the direction of the price movement, if you are going long or short, and whether you are opening or closing a position. You can minimize your exposure to slippage by trading during a market’s most active hours and by going for highly liquid markets, preferably those with low volatility. You can also use Use guaranteed stops and limits on your trades to help mitigate the effects of slippage. Here's a link which clearly defines Slippage and how to avoid it Thanks, OfentseIG

Hi @Jabroni8 The current time zone set on your ProRealTime(PRT) platform is UCT+01:00 Europe/London. The time zones chosen affects all data including times displayed in charts, order lists and tick by tick lists. If you want the time setting on your PRT charts to match the IG Web platform time zone, please use the time zone UCT+00:00. You can change the time zone by selecting settings on PRT Toolbar > Time zones and Trading hours and click on Display all data in this time zone. You can have a look at this post on our forum on how to enable custom trading hours and weekend data. All the best, OfentseIG

Hi @CJ-TradingFloor Welcome to IG Community. Have a look at How to trade an IPO from our website. You can register your email address to get the latest IPO news from the same link attached. All the best, OfentseIG

Hi @Ptuh Welcome to IG community. What type of trader are you? Scapler, day trader, swing trader, position trader, algorithmic trader or event-driven trader? To answer your question, you can have a look at this member's recent posts on trading strategies: Another source that can assist with your trading strategy is this article by our Senior Market Analyst: How to trade SA40 Index All the best, OfentseIG

Hi @Nickhoots For more information, please visit the link ProRealTime If you still need more information, you can email us on helpdesk.uk@ig.com. All the best, OfentseIG

Hi @CloudStock Thanks for reaching out. The Income Annual Statements are out and available on your MyIG > Statements tab. If you have not yet received your income statement, this means you have received dividends on complex products and statements linked to these will be available by the end of October. All the best, OfentseIG

We look at what makes UniSwap different, what drives its price, and its recent price action. Kyle Rodda | Market Analyst, IG Australia | Publication date: Wednesday 05 October 2022 In this week’s article, we shine a light on UniSwap. We look at what it is, what drives its price, and what the charts might suggest about where it may head next. What is Uniswap? According to its website, UniSwap is an 'open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum'. The network has been established to eliminate traditional intermediaries and 'unnecessary forms of rent extraction,' creating a secure and efficient alternative to existing exchanges. UniSwap’s major point of difference is its capacity to create liquidity pools for digital assets. A liquidity pool is a digital collection of cryptocurrency secured by a smart contract. As we have discussed here in the past, a smart contract is a self-executing line of code with the terms of an agreement between buyer and seller automatically verified and executed via a computer network. So, UniSwap allows cryptocurrency traders to swap tokens efficiently and securely, and without the need to match a buyer to every seller. As of October 2022, UniSwap has seen $1.2 trillion in trade volume and processed 112 million+ trades. It has also integrated more than 300 decentralized apps onto the platform. Source: Bloomberg What moves UniSwap prices? As we have discussed here in the past, all crypto-assets move in sympathy with monetary policy expectations and general market sentiment. UniSwap is no exception. However, unlike some cryptocurrencies, UniSwap is designed to be more than an alternative asset or form of money. It has been created to improve and add value to the broader cryptocurrency ecosystem. Assuming that it protects its dominant market position, UniSwap is a network that ought to benefit from growth in the cryptocurrency ecosystem and the subsequent higher transaction volumes. That will rely on a greater number of applications utilizing Uniswap Because it operates on the Ethereum network, UniSwap’s fundamental success will also be driven by its expansion and adoption. Technical analysis of UniSwap As mentioned, UniSwap trades in line with sentiment in cryptocurrency markets. As result, it remains in a clear downtrend, after hitting its all-time high during the crypto bubble of early 2021. Compared to its larger counterparts, UniSwap’s price action looks more constructive in the bigger picture. The daily charts are indicating a nascent turnaround in momentum, with the daily RSI moving higher and through the 50-level. Price is also testing the 50, 100, and 200-day moving averages, a breakthrough that would be a bullish signal. Resistance is just above current prices at about 6.78, which could open a rally towards the 8.00 level. Support is likely around the 20-day MA, and below that, just above 5.00. UniSwap daily chart Source: IG

US indices surged higher for the second straight day, seemingly with the bear trap last Friday propelling the strong up-move, as the previous break below the June bottom for major US indices could draw in some shorts. Source: Bloomberg Forex Indices Commodities United States Gold S&P 500 Yeap Jun Rong | Market Strategist, IG Singapore | Publication date: Wednesday 05 October 2022 Market Recap US indices surged higher for the second straight day (DJIA +2.80%; S&P 500 +3.06%; Nasdaq +3.34%), seemingly with the bear trap last Friday propelling the strong up-move, as the previous break below the June bottom for major US indices could draw in some shorts. The catalyst for the relief rally continues to revolve around poor economic data, which is in line with the Fed’s direction of seeing ‘more pain’. After the lacklustre US manufacturing PMI reading to start the week, the catalyst yesterday seems to be the worse-than-expected US job openings number for August, which delivered its biggest drop since April 2020. The decrease in openings is more prominent in the services sector, which may provide some hint for a weaker ISM services PMI reading, releasing later tonight. The Fed Funds futures revealed that market pricing for a 75 basis-point hike in the November Federal Open Market Committee (FOMC) meeting has actually increased to 75%, which is a build-up from previous week, but markets are leaning towards a potential rate cut in June next year with the quicker moderation in economic conditions presented. A push-back from the Fed could still be likely, but with the next FOMC meeting a month away, that provides some room to recover before the upcoming earning season takes centre stage. The further decline in the US dollar (-1.27%) continues to provide the go-ahead for risk sentiment yesterday but its prevailing upward trend thus far will leave the 108.50 level on watch as a strong line of support. Overnight gains were broad-based across all 11 US 500 sectors, as defensives underperformed. The energy sector (+4.34%) is the top performer, riding on an ongoing recovery in oil prices. The OPEC+ meeting will be on watch for the scale of production cuts later, with a cut of as big as two million barrels per day (bpd) now on the table from previous one million bpd. Twitter surged 23% with Elon Musk proposing the go-ahead for his US$44 billion acquisition. As opposed to other US indices, the Russell 2000 index has managed to defend its June bottom thus far. Further upmove may leave the 1,835 level on watch as the next line of resistance, where a 23.6% Fibonacci retracement resides. That said, it may seem too early to conclude the bottom, considering that moderation in corporate earnings will pose the next stage of challenge, which could have greater impact on small-cap companies. Thus far, the bottom in corporate earnings has not been presented. Source: IG Charts Asia Open Asian stocks look set for a slight positive open, with Nikkei +0.27%, ASX +1.48% and KOSPI +0.37% at the time of writing. The Hong Kong market will be back online after its holiday break, which could see some catch-up performance from recent risk-on environment. The Nasdaq Golden Dragon China Index is up more than 5% overnight. China markets remain closed for the week. The highlight for Asia may continue to revolve around the surprise 25 basis-point hike from the RBA yesterday, where consensus were previously leaning towards a 50 basis-point increase. The slowdown in the RBA’s hiking process may have further reinforced some dovish sentiments for the Fed yesterday as well, which may reflect that global growth conditions may be becoming more prominent on the central bank’s radar and further hikes could be more measured. The Australian dollar did not take it in stride, with the AUD/JPY failing to overcome the 94.00 level of resistance. Interest rate decision out of the RBNZ will be on watch today, with market expectations leaning towards another 50 basis-point hike to 3.5%. For the NZD/USD, oversold technical conditions may be supportive of some recovery, along with a bullish crossover on MACD. Guidance to rate outlook will be key, especially after the step-down from the RBA yesterday. Sticking to its hawkish view may lead a move to retest the 0.590 level, but the overall downward trend could still seem hard to reverse at current point in time. Source: IG Charts On the watchlist: 7% surge in gold prices over past week brings a retest of channel resistance Gold prices have been tapping on the sharp retracement in the US dollar over the past week to move higher, along with some breather in US Treasury yields serving as tailwind for the non-yielding asset as well. After reclaiming back above its key US$1,680 level on the improved risk environment, gold prices are currently retesting its upper channel resistance at the US$1,725 level. This level may be closely watched as the downward channel has been in place since March this year, which also coincides with a key 38.2% Fibonacci retracement level, therefore any break above this channel could suggest a potential longer-term shift in sentiments. Much will continue to revolve around the US dollar, which seems en route to retest the 108.50 level, but continues to retain its upward trend thus far. A break above the descending channel pattern for gold will leave the US$1,765 level on watch next. Source: IG Charts Tuesday: DJIA +2.80%; S&P 500 +3.06%; Nasdaq +3.34%, DAX +3.78%, FTSE +2.57%

S&P 500, Dollar, VIX Index, ISM, Employment and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 Risk appetite continued its charge to star the new month with an impressive 3.1 percent Tuesday rally from the S&P 500 Fundamentals remain a serious contrast to market progress, and it is likely only a matter of time before the speculative charge meets reality Oct 5, 2022 Written by John Kicklighter, Chief Strategist for DailyFX.com