trade247
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Posts posted by trade247
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also just read this article https://www.teslarati.com/model-s-owner-endures-insurance-woes-repairs/ and the whole thing is about how Tesla is apparently ****, then relatively near the bottom it goes "All in all, I recognize that it was Ameriprise (insurance company) that caused me the headaches here and wasted a lot of my time."
it also comes down to supply and demand. "In Chicago, there’s only one certified body shop in the metro area."
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2 hours ago, unclerico said:
And this might be against forum rules of something, but any recommendations for US trading accounts for infrequent traders (e.g., once or twice a year) who are just planning to buy and hold for 10+ years?
also when it comes to this make sure you look at fx conversion costs which is where so many others will **** you over. IG is 0.3% whilst others can very easily be closer to 1.75 / 2% etc. On a $5000 USD trade a 1.75% FX charge would cost an additional 175 USD for a round trip whilst IG would be 30 USD.
People **** about the transparent upfront costs but always miss the hidden costs.... Maybe IG should just scrap the monthly charge, whack FX conversion up to 2% which no one ever looks at and not have to deal with all the whining
I'm all for cheaper services and don't like it when companies put up costs - but just make sure ya'll look at those hidden costs.
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2 hours ago, unclerico said:
With these fees it states that there is an exemption if you ""hold no open positions in your share trading account at the end of the quarter". Can someone explain what that means exactly? Does that just mean that you have shares that you own? Or does that mean you have unfulfilled open orders? I only recently open an IG trading account to buy US shares for long term holding, maybe buying once a year or less, so... that's pretty annoying.
assume no open positions means just that ... you're fine if you have no open trade (i.e. you don't have a trade where you can see your profit and loss going up/down). Working orders isn't an open position so you're fine there.
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first we had the Elon and Tesla fan boys and now we have the equally boring and cultish Tesla haters. #Yawn. Like this article... of COURSE if someone takes a baseball bat to a car it's gonna **** it up. hardly a shock.
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options only available on the 'classic' trading platform I believe which I don't think new clients have access to. So unfortunately not at the moment - but with ESMA allowing ya to place options trades with unrestricted leverage it looks like IG may be putting more effort into their options offering.
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6 minutes ago, Earl of Banterbury said:
IG has never assumed the guise of a short term trading only platform.
40 odd years as a leveraged CFD provider? That should be used pretty short term if you ask me.
7 minutes ago, Earl of Banterbury said:The share trading platform itself isn't good enough to warrant that sort of charge.
Granted this is true though - they really need to update the share dealing platform now and bring it more in line with the leveraged offering. Have you ever checked out the CFD platform? It's pretty good. Now they just need to apply to shares.
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tbf a monthly / quarterly charge is pretty commonplace.
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Well who saw that one coming. Kinda makes you wonder why they even say a time frame when they have the power to continually roll. I mean, I know there was no reason for them to revert (and that would NEVER have happened) but it does seem odd to me. Would be interested in the reasoning.
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Ya'll know about these new knock outs right on the spread betting IG UK site and the fact you basically have a 1% margin requirement or 100:1 leverage? assuming stops are as close as possible which is 1% away from market.
So £77 odd quid to trade FTSE with a 77 point guaranteed stop. Tax free as spread betting.
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Thanks james.
Followed.
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when will crypto be added? / will it?
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9 minutes ago, elle said:
done a couple of "demo" trades - went ok after I worked out how to close them !
Just like normal no? Or have you not used this new platform yet? Should just go to positions > close and then you get a green confirm. Did it below where I had two positions originally and closed one to test in demo.
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wonder if the 'expiry' (which should probably be put in these " as it's more "expiry") is just a requirement for this to be an option? or a spread bet I don't know. Like the DFB's which have expiry dates of 2029...
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I also really like the use of the word plebeians
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3 minutes ago, Caseynotes said:
Hi @cryptotrader;
niiiiiiice
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On 7/30/2018 at 8:14 AM, JohnRoxton said:
If anybody is interested I just put my charts up and on DAX a £1 spread bet requires a margin of £641.62 so my stakes will have to be reduced but to be honest I am pleased overall compared to the shock at the beginning of the year when IG first wrote of this ESMA change. I thought I wouldn't be able to trade at all.
It's not as bad as it first seemed. Granted that's still a lot of money, but still. Also there are these new products coming from IG which I am excited about. Does anyone know what they are? Has there been any news?
Also I read somewhere else that MT4 will offer 1/10th of the size if you wanted? So you can DAX trade with £64 for 10p a point. Not sure how exciting that would be to trade ... but anyway. At least you can do multiples of that so say margins of 60 / 120 / 240 GBP for 10, 20p and 40p a point for example.
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1 minute ago, JohnRoxton said:
Yes, I should have written that more clearly. I meant IG Aus said that money held there is not protected by the Aus equivalent of the FCA, would that be the ASIC?
But having said that I have seen this page which now states that client money is very well protected in Aus.
Maybe I was getting it confused with a government banking compensation scheme if a bank fails such as we have here in the UK. Sorry for any confusion, here is the link to IG Aus money protection:
yeh like you said. https://www.ig.com/au/about-us shows ASIC (not the sports shoe company) Maybe @JamesIG can confirm.
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59 minutes ago, JohnRoxton said:
Hilsden Trading website are also recommending IC Markets.
well yes ... on their website there is a massive referral link so they're making bank for everyone who signs up there.
1 hour ago, JohnRoxton said:Thing that is a bit odd is that IG Australia say our money is not protected as with the FCA in the UK but they have a very good ombudsman.
IC Markets say that our money is completely safe with them and is ring fenced like IG UK.
FCA isn't in Aus so obviously Aus IG can't protect money with FCA.... They are regulated tho by their relevant party.
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what am I missing ... spread on their example on their homepage is 0.6 and the price is backwadated?
Podcast
in Indices and Macro Events
Posted
Quoth the Raven #65 - Tesla Shitshow, Act 12: “Staying Public”
great title. Thanks for the link I've been looking for something to listen to on the commute.