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BigDeal

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BigDeal last won the day on January 29 2023

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  1. You'll probably find your credit card company has classed this as a cash advance. You also need to watch out as they may charge additional interest from the day of the transaction You may have learnt the hard way unfortunately, but for future deposits the best way is using debit card or bank transfer.
  2. Whilst I agreed with many of the changes instigated by the ESMA to protect retail investors, I vehemently disagreed with the margin requirement rules such that you mention, and still think it is compete madness and without justification.
  3. I run my stocks and Shares ISA though IG, and I would like to be able to sort the shares list (the one under the search box) by % price change. At present the only sort option is to list the shares by 'most popular' (default option) or alphabetically. Curiously, if I move shares to my own watchlist this option becomes available, but it's impractical to transfer all shares to a watchlist (all the same I've tried to do it and can't find a way to do it unless I move each share listing individually). I've been a client since 2003 and have periodically asked for this to no avail despite being told it is a great idea and will be passed to the relevant team. Maybe you can arrange this for my 20th birthday present as a client of yours!
  4. I am unsure whether IG are charging correctly for positions held overnight. I will use IG's own help files to illustrate: Why is overnight funding charged? When placing a spread bet or CFD, you’re using leverage. This means you are effectively being lent the money required to open your position, OUTSIDE THE INITIAL DEPOSIT YOU'VE PAID. To keep your position open after 10pm (UK time), an interest adjustment will be made to your account to reflect the cost of funding your position overnight. Indices : For each day that a DFB or cash CFD position is open on a stock index, adjustments are calculated to reflect the effect of interest and dividends (if applicable). Example: You’re long £6 per point on the FTSE 100 The 10pm (UK time) price is 7720 The SONIA rate* is 0.48% Cost = £6 x 7720 x (2.5% + 0.48%) ÷ 365 =£46,320 x 2.98% ÷ 365 = £3.78 overnight charge * We use the SONIA and the 365-day divisor since you’re trading the UK Index in GBP OK, so my query is this; as a retail trader, I need to pay a 5% margin (deposit) to open an index position on a spreadbet DFB. Your overnight charges should therefore reflect the amount I am borrowing (95% of the trade) as per your 'why is overnight funding charged?'. However, it seems the calculations charge as if 100% of the funds have been borrowed. Why is there no adjustment for the initial margin?
  5. So on 5th March evanhemmigsr says: " Hi, My name is Evan and I find trading very interesting , some how i would like learn as mush as possible about how to trade . I think that I will find here a lot of useful information. Regards " ... and then on 7th March. "I used to make money as a retail trader, but after a lot of stress, I have decided that this job is not for me and I should try something new as I am not afraid of changes. However, while I was searching for something new I have started to play online casino games, especially since I was very good at them since my childhood. Now as I have found a new occupation which brings me pleasure, I play only in my free time as it is very easy to use and has a lot of payment options. So him and his mate Royharris (or maybe they are the same person) are suggesting you can make a living from an online casino. Wow, brilliant DYOR!!
  6. @ArvinIG This works fine if you set up your own watchlist, but still doesn't work on the search page e.g. access the shares list and you can only filter by most popular (default) or alphabetically. The ability to sort by % change is extremely useful, and must be easy to implement surely? I centre much of my research around shares which have shown the largest drops but this is difficult using the site with the current set up.
  7. BigDeal

    Pay Pal

    I'm a long term holder and I think the fundamentals are sound, but I think competitions is increasing in this sector, so the company has to innovate to remain a popular choice amongst users.
  8. 'Don't let the tax tail wag the investment dog' is a valid adage when investing, Basically choose your investments first and foremost based on other criteria. Don't forget you can use your ISA allowance of £20,000 and you will not pay income tax or CGT .
  9. I know you probably want to tidy things up, and maybe it's easier for your administration (and keep costs down) but are you aware that you are allowed to keep anything in an ISA which was funded whilst you were a UK resident? If you do want to move them to another broker outside an ISA I don't think you have any choice but to sell the holdings which is a pain because obviously if you want to still hold them you will have the sell and buy costs to consider, and potential market movements as well
  10. There are numerous, and quite regular requests from users of IG services for improvements / feature inclusions etc...and rightly so. After all it's the customer who should know what the want best of all, but I wonder how many actually get appraised? I have been a client of IG since 2003 and have made many suggestions over the years. How many do I think have been implemented? Maybe one. Now I appreciate that a business is not going to change something when only one individual wants that, but there are many responses from the IG admin team stating they will forward suggestions. Do they? I've never received any feedback on anything I've proposed, although I think all of the things I've suggested are realistic and not difficult to do. I think it would be really useful if there could be a suggestion database of some sort, which could be populated by a proposer, and then voted on by other users of the site. If enough votes are cast, then IG could have a serious look at it, perhaps consulting with the proposer on how they want it to look. The spreadsheet could then be updated with IG's comments ie whether and when it will be implemented, or if not a short reason why it can't. What do you think?
  11. @Eastusk The rules regarding this depend whether the ISA is a 'flexible ISA' or not. If a provider offers a flexible ISA you can replace any funds you withdraw in the same tax year. If they do not offer a flexible ISA then a withdrawal cannot be reinvested. In the case of IG their ISA is flexible : https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/do-you-offer-flexible-isas
  12. I depends on your own tax jurisdiction, and the type of instruments / wrappers you are using will determine what type of statements you receive. In the UK this is the situation: https://www.ig.com/uk/help-and-support/accounts-and-statements/statements/what-statements-will-i-receive If you are not in the UK maybe there's a similar page somewhere for you
  13. Yes all buy or sell activity counts
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