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DanielaIG

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Posts posted by DanielaIG

  1. Hi all,

    Just to give you some more information about why the decision has been made by IG to stop offering Cannabis stocks for share dealing clients:

    IG has become aware of various financial institutions performing reviews of the regulatory and political implications of offering Cannabis stocks in the UK with a recreational link, and because of this and IG's own internal review the stocks listed above are no longer appropriate for IG's risk appetite. 

    Therefore there has been a business decision to take action as quickly as possible but within the legal allowances detailed in IG's Customer Agreement. 

    Regarding why we can continue to offer these stocks on leverage accounts, the reason is that there is additional certainty with regards to derivatives referencing the underlying stocks, and as IG uses swaps to hedge our clients' leveraged trades with us, we will not be engaged in the physical trading of recreational linked cannabis stocks.

  2. Hi all,

    Just to give you some more information about why the decision has been made by IG to stop offering Cannabis stocks for share dealing clients:

    IG has become aware of various financial institutions performing reviews of the regulatory and political implications of offering Cannabis stocks in the UK with a recreational link, and because of this and IG's own internal review the stocks listed above are no longer appropriate for IG's risk appetite. 

    Therefore there has been a business decision to take action as quickly as possible but within the legal allowances detailed in IG's Customer Agreement. 

    Regarding why we can continue to offer these stocks on leverage accounts, the reason is that there is additional certainty with regards to derivatives referencing the underlying stocks, and as IG uses swaps to hedge our clients' leveraged trades with us, we will not be engaged in the physical trading of recreational linked cannabis stocks.

    • Sad 1
  3. Dear Elias,

    We are having issues with our DEMO platforms today. Clients are unable to open new positions, and the system seems to be adding positions that the client has not opened and these cannot be closed. The incidents team is looking into this and we are trying to resolve it as quickly as possible, but for now those positions cannot be closed.

    This issue is only happening on DEMO accounts.

  4. Hi @yogitree,

     

    AML checks are to verify the source of your funds, this is usually requested to clients that are relatively new. We sent an email a while ago where we explained the steps needed in order to do these checks, but we have not heard a reply from you regarding the documents requested, so we cannot proceed with the transfer.

    In order to proceed, please reply to the email with the documents requested. If you cannot find the email, please contact our helpdesk again and they will be able to tell you the documents I need (i have left a note on your account specifying what we need from you).

     

     

  5. Hi there, thank you for posting your question.

    Funds are the funds you have added to your account and they will change when you realize profits and losses. There is also a figure called Equity, this is your funds plus or minus your gains or losses (if you were to close all of your positions, this would be your total value). Margin is the funds that a tied up that allow you to keep your current positions open.  Available, is the spare funds you have at your disposal to open new trades, taking in to account the margin that is being taken up for your current open positions. In other words, your available is your equity minus your margin.

    If you have no open positions, your margin should be 0 and your funds, equity and available should equal the same amount.

    In regards to leverage, it will depend on the market you are operating and the country you are contracted to. For countries under ESMA, retail clients will have the following leverages: 30:1 on most forex pairs, 20:1 on major indices indices,starting leverage of 5:1 on shares, 20:1 on most commodities and 2:1 on cryptos. To calculate your overall account leverage, you would need to calculate a weighted-average of your positions on each market.

    In some countries like Australia, leverage can be up to 200:1.

    You can visit the next link to find out more about our different leverage levels:

    https://www.ig.com/uk/compare-our-leveraged-trading

  6. Hi @OllyB777, yes you are correct.

    When dealing on shares, there is a commission for entering and exiting the trade, both on CFD and Share dealing. These charges are taken from your account when you open the position and then when you close it.

    As you mentioned, there is also an overnight funding charge on CFDs and a borrowing cost if you are going short the share.

    You can find our charges and commissions on the following links.

    CFD: https://www.ig.com/uk/spread-betting-cfds-charges

    Share dealing: https://www.ig.com/uk/investments/share-dealing/costs-fees

     

  7. As Apple is set to release earnings tonight, it will be the first quarter that investors do not have sales reports on individual products before the release. This is because the company announced that it would not be delivering specific figures for iPhone, iPad and Mac sales for the quarter as they believe the number of iPhone sales “isn’t a representative of the underlying strength of our business” and that “a unit of sale is less relevant for us today than it was in the past, given the breadth of our portfolio and the wider sales price dispersion within any given product line.”

    But we all know that when a company has sold a lot, they want to let the world know how well they have done, as said by Steve jobs himself “if a company is selling a lot of stuff, they want people to know about it. If they aren’t, then they don’t”. On top of that, it is no secret that iPhone sales were short of estimates in the previous quarter. Nevertheless, as the average price of an iPhone has increased, Apple’s profits are still being driven higher.

    This leaves a wary sentiment about Apple’s earnings release. With a slowdown in sales offset by higher sale prices, and a general feeling that economies are slowing down growth, Apple’s Q4 earnings release is marked by the pre-announcement issued on Jan 2 where Apple reported it had missed expectations for the year due to a slowdown in sales in China.

    As Apple shares suffered the weight of the slowdown and the subsequent downgrade from firms like Bank of America, could a lower expectation on the back of the Jan 2nd announcement mean that Apple can beat expectations?

    Find out what founder and CEO of Pocket Lint Stuart Miles has to say about Apple’s earnings forecast as he is interviewed by IGTV presenter Victoria Scholar.

     

    As always, leave your comments and ideas below!

    • Like 2
  8. Dear Linda,

    when trading on leverage, there should be no material impact to your position from dividend payments, therefore we will credit/debit your account with the amount incurred as either a profit or a loss from the dividend adjustment. Our dividend adjustments for the week ahead posts will inform you of what adjustments will be happening on each market during that week. 

    You can find more information regarding dividend adjustments as well as an example on the following link: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/how-do-dividend-adjustments-affect-my-spread-betting-of-cfd-posi

    If you have any further questions do not hesitate to ask

     

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