Mikey

Hi Folks, I'm particularly interested in seeing charts for Carbon Emissions on Trading View but trading them through IG. Can anyone tell if if this possible with their data feeds? Thanks in advance. Mike

Thanks Ashish! Looking at the chart for Nat Gas, I notice the closing prices at 21:59 on April 10th, 2023 were: P2 price is 2181 (Closing price for May contact on 10th April) P3 price is 2372 (Closing price for June contract on 10th April) Obviously these prices differ v slightly from what you quoted so I'm wondering if I 21:59 is the correct time when the prices are recorded? Also, how is this calculation made when there are no future prices, for example Carbon Emissions? Thanks in advance. Mike

Hi Folks, Can someone please kindly give me an example of how this is calculated on a short trade on Natural Gas (undated)? Preferably at 10pm on either April 10th or 11th? (I'm assuming the price level plays a factor into it etc) I'm playing with the demo account and I've been short since the spike and then I found a couple of overnight deposits in the account. I've looked here: https://www.ig.com/uk/charges#overnightfunding at the example but still can't get my head around how the maths work. Thank you in advance! Mike

Thanks for coming back to me 😀 https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/margin/what-is-margin-call Just reading through the notes, I see you're technically on a margin call at 99%? So to use my example again if the price dropped 10 points to 2634 presumably that's when I'd be on margin call? P/L: -£18.50 Margin: £487.29 Equity: £481.50 Equity is at 98.8%... Am I right in saying that would trigger a notification email to say I'm on margin call... Then at 75% (2566) I would get another warning... Then at 50% (2498) is when my position would be automatically closed? Or do the email warnings at 99 / 75% only apply to professional accounts? I'm assuming, being on a standard account, I can stay on margin over 24 hrs and over weekends, so long as I don't get my positions closed by the 50% equity rule? When you said, "As soon as your Equity = Margin, the positions close out to bring your available funds to a positive number." I'm assuming you meant Equity = 50% of Margin? Can you pls clarify. Many thanks again, Mike

Hi Folks, I've just posted the below to a reply on an FX thread but it's really applicable to trading any market so thought I'd repost it here, it should be relevant to anyone playing with the demo account re spread betting and CFDs. So I'm a newbie here trying to get my head around spread betting (as opposed to CFDs for the tax benefit)... I want to figure out the dreaded margin call position closure before I start using real money. From: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/margin/what-is-margin-call "Standard trading accounts will be triggered for position closure when your equity drops beneath 50% of your margin requirement." Yesterday I entered a random trade to try and trigger a margin call trade close (50%) but it doesn't seem to work? I wanted to get the thoughts of the community just to see if my logic works out on what I think should have triggered it... Funds: £500 Natural Gas: 2644 Size / Long: £1.85 Opening Margin: £489.14 Just taking into account whole numbers on the price, 2644, 2643, 2642 etc. on my calculation the margin call sell off should have occurred at 2498... Funds: £500 Natural Gas 2498 Size / Long: £1.85 Current Margin: £462.13 P/L: -£270.10 Equity: £229.90 50% of £462.13 = £231.07 Equity has dropped below 50% of margin... This all happened yesterday... Natural Gas ended up dropping to £2454.50 so shouldn't that trade have closed out? Thanks in advance for any input. Cheers

Hi Folks, newbie here. Just the thread I was looking for... I'm new to spread betting and I want to figure out the dreaded margin call pit fall before I start using real money, hence I've been dabbling with the demo account. Yesterday I entered a random trade to try and trigger a margin call trade close (50%) but it doesn't seem to work? I wanted to get the thoughts of the community just to see if my logic works out on what I think should have triggered it... Funds: £500 Natural Gas: 2644 Size / Long: £1.85 Opening Margin: £489.14 Just taking into account whole numbers on the price, 2644, 2643, 2642 etc. on my calculation the margin call sell off should have occurred at 2498... Funds: £500 Natural Gas 2498 Size / Long: £1.85 Current Margin: £462.13 P/L: -£270.10 Equity: £229.90 50% of £462.13 = £231.07 Equity has dropped below 50% of margin... This all happened yesterday... Natural Gas ended up dropping to £2454.50 so shouldn't that trade have closed out? Thanks in advance for any input. Cheers