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CharlotteIG

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Everything posted by CharlotteIG

  1. How it was booked to your account: This is a European rights issue, and it just so happens that the rights are initially booked on a 1 to 1 basis for these types of issues. This is just how it works. Once the rights are booked to the account, they are then convertible into new shares on a 3 for 2 basis. So if you had 100 shares through cash close on Friday last week, on Monday morning you would have woken up with 100 additional rights booked to your account. These 100 rights can be taken up and converted into 150 new shares, on a 3 shares for every 2 rights basis. Each new share will then cost EUR 0.92 to purchase. Example of how the rights issue works if you had 4 shares. If the trader wants to take up the rights, he/she can convert their 4 rights into 6 additional shares at a price of EUR 3.68 (Share Dealing). For leveraged accounts, the trader would have to pay the equivalent margin of the full notional of the rights. If the margin rate is 20% for IAG, the client will need to have EUR 0.736 (EUR 3.68 x 20%) in order to take up the rights. There's no deadline date confirmed yet but it would be best to email us back as soon as possible if you want to take them up.
  2. With IPOs we usually have a grey market then within an hour of trading, if not less, we normally have the market live. https://www.ig.com/uk/trading-strategies/snowflake-ipo-200630 All the best
  3. Thanks for your post. Instead of going to withdraw finds you can click on currency conversion and it will show you how much you have in each currency. All the best
  4. Thanks for your post. Unfortunately we have no control over the minimum leveraged we offer that is set by regulators but I will pass this information back about mirco lots. All the best
  5. Thanks for your post. If you put down £0.50 per each one point movement in the direction you selecting will gain you £0.50. Say you wanted to trade on the FTSE (and considering you weren't using stops) you would have to put down (price of FTSE x £0.50 x margin factor). That is your holding deposit then the market would move round and your profit/ loss on the FTSE would have an impact on your available funds. If you want to have it that every point movement gains you £10 you have to use £10 per point. Leverage means that instead of purchasing the underlying asset you put down a percentage of the consideration of the trade then depending on which way the market moves you gain or lose that money. If what you mean was you wanted to invest £10 on indices without leveraged this isn't something we can offer. I hope this helps.
  6. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 14th Sep 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount AS51 AMP AU 18/09/2020 Special Div 14.2857 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  7. Thanks for your post. If your order was rejected it's best to give us a call so we can check it on our side. We will be able to see the reason, explain it and help you get the correct exposure on your account. All the best
  8. Thanks for your post @SalYul, I've spoken to the shares desk and they have enabled this on the ISA account. You will now be able to trade it. All the best
  9. As you're aware ByteDance (TikTok) currently has a grey market on our platform but news has just come out by CNBC that: Source: https://www.cnbc.com/2020/09/09/bytedance-us-government-talking-about-avoiding-full-sale-of-tiktok.html
  10. Hey, Thanks for your post. The demo account tried to replicate the live account as close as possible. It could be that at that time the size was too large and you would have had to partially sell or use an advanced option to sell. If you give us a call or drop us an email we will be able to tell you what the reason for the error was. All the best
  11. Thanks for your post. If you're having issues depositing funds please reach out to us on the phone so we can look into this for you. There's normally a very simple fix. All the best
  12. If you click on deal then your order will be opened straight away. If you click on the order tab it will give you an order to open which means only when the market hits your price (or worse for a stop order) (or better for a limit order) will the order be executed. If you're trying to long/ short a market when the market isn't open it may direct you to the order tab. All the best
  13. Thanks for your post. If we can see that you always use force open and as you mentioned you have evidence which is great give us a call and we can look into correcting this for you. Please note, when something like this happens it's best to give us a call straight away. All the best
  14. Thanks for your post. Sometimes there are incorrect spikes on the platform. This can be down to quotes in the market that were not traded at. If the price isn't traded at we will not close positions off the price. Our technical team do then go and remove any incorrect pricing. All the best.
  15. Which market are you looking at so I can give you a full example? If you were doing £1 per point on a market it's (bet size x price x margin factor). You can find the margin on the deal ticket in the get info section: Margin can vary with different products.
  16. We do have multiple FTSE100 markets. Some are cash and some are future prices. The future price is the price in the underlying. It had as expiration date and has a slightly wider spread but you don't have to pay any overnight funding. With the cash we use the future pricing and fair value adjustment to make you a price with a smaller spread but you do pay overnight funding. You can see the different markets on the platform: All the best
  17. If you have a Share dealing account you can change the conversion to manual which means we will not convert the funds for you. This can be done on the my IG page by selecting Currency conversion. If you want this for a leveraged account please reach out to us so we can speak with you over the phone. All the best
  18. Thanks for your post. If you want to transfer some of our AUD to your CFD account (which is USD) please call or email us and we will be able to convert and transfer for you. All the best
  19. Thanks for your post. Unfortunately we can't offer Canadian shares on the share dealing account. We do offer some on our leveraged account. Apologies for the inconvenience.
  20. Hey @BlundurBust, It's not a silly question at all. We have some on the platform by all share (equity) options you have to call us to deal. Our FX, indices and commodities options can be found on the platform. All the best
  21. Thanks for your post. If you use a stop order to sell it means we will sell at the price you select or worse. We will try and get the price you selected but if the market were to move downwards rapidly we will get the next available price. In your example, if you were to set a stop order to sell at £48 your instructions to us would be sell at £48 or less. I hope this helps.
  22. U.S. created 1.37 million jobs in August, vs 1.32 million expected. Unemployment rate falls to 8.4%
  23. Friday’s US jobs report could bring a bearish reversal for the dollar despite the ongoing bid to claw back jobs lost in March and April. The August US jobs report released on Friday provides traders with another opportunity to take a close look at the ongoing economic recovery following the economic collapse that took hold in the first half (H1) of 2020. Capping off the week, the jobs report will be released at 1.30pm (UK time) on Friday 4 September. ADP weakness could spell trouble for headline NFP number The US jobs outlook has been showing signs of gradual improvements over the course of the past few months, with the height of the crisis seemingly having occurred in April. However, we are reaching a period where that recovery appears to be slowing somewhat, with the payrolls figure decreasing over the past two months. The automatic data processing (ADP) payrolls figure highlights the potential for further disappointment on Friday, with another underwhelming figure this week (428K) highlighting the lack of follow through on this recovery. Looking at the jobless claims data, we have seen the initial filings decline once again, following a tentative push higher in mid-August. However, while we are moving in the right direction once again, this is a sign we are seeing some bumps in the road as the US economy attempts to recover from the 22.2 million jobs lost in March and April. So far less than half of those losses (42%) have been regained. Markets are expecting to see a decrease in the number of jobs created, with a figure of 1.49 million well below the 1.76 million seen in July. However, it is worthwhile noting that the rate of improvement was always likely to slow after initial gains made as the economy first turned a corner. Nevertheless, the economic picture is still improving, as highlighted by the unemployment rate which is expected to break below the 10% threshold for the first time since April. Despite last months decline, it is important to follow the participation rate, with a recovery in that rate telling a story of how people are feeling confident enough to return to the workplace. Finally, with average hourly earnings expected to fall from 4.8% to 4.6%, we are seeing a signal that those lower paid jobs (often in the services sector) are returning after the initial lockdown shock. Dollar index technical analysis Looking at the dollar index, we have seen huge declines for the greenback over the course of this crisis. The past month has seen a more balanced market, although we have maintained the bearish theme. With the price on the rise over the course of September thus far, there is a chance we could see another move lower given the confluence of trendline and 76.4% Fibonacci resistance up ahead. With that in mind, it will be worth watching for a sign of a bearish reversal from here, with a break through 93.50 ultimately required to bring about a fresh bullish outlook. By Joshua Mahony
  24. Thanks for your post. We offer options trading on our leveraged accounts (spread betting and CFD). With FX, indices and commodity options they can be located on the platform. For equity options you have to call to deal. We don't offer options on the non-leveraged accounts. I hope this helps.
  25. Thanks for your post. You're correct the profit on the account should be (5942.2 - 5936.9) x 0.25 giving you a profit of £1.33. If this is not reflecting on your account please reach out to our help desk on helpdesk.uk@ig.com so they can look into this. All the best
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