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anders

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Everything posted by anders

  1. I've not seen such an option. Transfering shares wouldn't be possible between at lot of the account types. If you clarify the scenario, someone might be able to advise.
  2. I contacted IG support about this, and the answer was I have to contact James Hay. There were able to confirm that, "You can sell the shares in your IG SIPP and move the proceeds to your Smart Portfolio." Unfortunately James Hay don't have new fangled things such as an email address. As I don't have an account at James Hay, I'm left with contacting them on the phone. I thought I'd take another look at this today, and the jameshay.co.uk Website is down. Net result is I have zero confidence an IG SIPP would be a relaible or convientent service. I appreciate there appears to be little interest in this, but hopefully this helps anyone else looking at their SIPP. This has cemented my decision to transfer my ISA away from IG Index too.
  3. I'd like easier secure login too. If IG wants people to trade more, they need to take some of the friction out using their app. Take a look at Freetrade, for exampe.
  4. It looks the same for me too. The app updated yesterday evening and that coincided with the change. Perhaps a new version slipped out, hopefully it's been tested...
  5. Nobody able to help? In the absence of any advice, anyone got recommendations for alternative SIPP providers?
  6. Hi, I'm thinking of transferring a portion of my Defined Contribution pension to an IG SIPP. I have a couple questions. Is there a way to see the range of shares, ETFs, etc. that are available to buy with IG Index's Share dealing SIPP? I don't want to find out it's really limited after the fact. There doesn't appear to be a SIPP demo account. Are IG's "Share dealing SIPP" and "IG Smart Portfolio SIPP" separate products, or if I open the former, I can I also invest some money in a Smart Portfolio? Thanks.
  7. No, transferring shares from a standard account into an ISA isn't allowed under current gov. rules. You have to sell and then re-buy in ISA. The exceptions to this rule are if you have shares in a: Save As You Earn (SAYE) scheme Share Incentive Plan (SIP) https://www.gov.uk/tax-employee-share-schemes/transferring-your-shares-to-an-isa
  8. I'm surprised no one here is able to answer this. A bump in hope...
  9. For anyone long or short on Bitcoin Cash with IG Index, it's worth refreshing yourself on how they may deal with the upcoming fork. See the section towards the bottom of this page: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-cryptocurrencies-cfd-product-details
  10. Some good advice here, you "earn what you learn". If you are planning to start trading with something as volatile as cryptocurrencies, it's going to be difficult with some hard lessons. Setup a practice account, and trade using just the amount of money you will have in reality. Don't use the full balance they offer on practice accounts if it's unrealistic for you. For example, if you practice with 100k, lose 10% and then recover from there, you might think you have it cracked. But if in reality you only have 10k to invest, then your account would have been wiped out and you've never have been able to recover. If you're planning to Spreadbet, make sure you understand the basics around bet size and stop losses.
  11. So is the explanation that IG, eToro and Plus 500 use a different set of exchanges to determine the price? I've not noticed such a wide divergence before. (Helps me to understand the SEC's reluctance to allow ETFs when even respected players have such a variance on price.)
  12. That was certainly short-lived. Which market(s) does IG use to set the price for BitCoin? The move here all the way up to 7340.80 was much higher than at say eToro which only got up to 6751.
  13. Wow, you've had some ride on Twitter, well done. The recent reporting over the suspension of ~70 million accounts seems to have been taken negatively by the market. I'd say from a user point of view this is very positive. Take a look at any tweet by Elon Musk and you'll find bots hard at work promoting scams in the replies. Importantly from an investor viewpoint, "most of the removed accounts weren't monthly active ones, since they had been inactive "for 30 days or more.", and so weren't counted in the important DAU or MAU metrics. I guess a key question is, how many is "most"? Did this news affect your view or outlook of Twitter @rimmy2000 ?
  14. It occurred to me that while I understand the definition of deferred revenue. That is, "payments received in advance for services which have not yet been performed or goods which have not yet been delivered". And that I understand it's recorded as a liability on balance sheets. I'm not clear how I need to consider this when looking at the assets of a company. So if for example, Made-up Inc has: Cash and cash equivalents: £200 Deferred revenue: £100 Does this company have £200, of which half is deferred revenue, or £200, plus £100 in deferred revenue, making a total of £300? Thanks.
  15. Thanks @JamesIG Turn out I was quite off in my thinking then, in that "slippage factor" has little to do with "slippage" that might occur in relation to opening or closing a trade. To answer my other question, a bit more searching reveals that some commodities like Oil and Natural Gas, Cryptocurrencies such as Bitcoin/USD, FX like GPB/USD, and (perhaps interestingly) all the bonds I looked at except UK Long Gilt have Slippage Factors of less than 100%.
  16. This is something I'd like to see, and I've raised this before on these very forums. It's particularly bad with stocks that have a large per share price. My preferred position size is around £750 in individual shares. So take a stock like Biogen, which I was considering a spread bet on. The share price is (currently) around $353, this translates into 35,300 points. Minimum bet size of £0.24 will result in a position of £8472! It's crazy, and basically, every time I've lost a decent amount on a spread bet it is because of this, i.e. I took too large a position.
  17. I understand what slippage is, but what it does it mean where the platform says "slippage factor 100%"? I interpret it as meaning it's possible for me to lose my entire long position. For example, the share tanks to zero when markets are closed with no guaranteed stop loss in place (silly boy!). If it does mean that, does the same 100% limit apply to shorts? Loses of above 100% on short positions are possible I believe. Does anything not have slippage of 100%?
  18. I have 3 accounts on my login. Spread betting, ISA and share dealing. The new platform only supports spread betting though, so perhaps that is the issue?
  19. Can can you please consider: Separating out 2-factor authentication into it's own field, rather than me having to remember to type it onto the end of the password. It very easy to either forgot to do this, or just to make a typo. Add the ability for us to trust a device, so that 2-factor codes are not need (perhaps say for 30 days). It's especially annoying on the Android app. If they've stolen my phone, then have the 2-factor authentication app anyway! It keeps me from using the Android app regularly because logging in is such a PITA. Make a more secure way to disable 2-factor authentication. I have a new phone, which I want to transfer the 2FA to. I was I advised to email the helpdesk answering security questions. Email isn't private or secure. You will be putting some people off using this important security feature due to the first 2 points. Thanks!
  20. I've never heard of T212. IG have a good explainer here on the differences between CFD and Spread betting. A key point is that CFD trading is subject to capital gains. Spread betting is considered gambling and so therefore is (normally) tax free. As ever with HMRC, there are caveats, some details here. IG offer guaranteed stop losses, which can be useful on something like Bitcoin. One thing to note is that IG's trading on Bitcoin isn't 24/7 (at least with spread betting, I've never used their CFDs). This means if the market moved while closed on IG, any orders (including stop losses and target prices) won't trigger until the market reopens on IG, and then will trigger (or not) based on the price at market open. It's actually quite a big risk IMO, since the Bitcoin market is 24/7 and does move at weekends. I'd recommend reading the Naked Trader's books, they are an excellent introduction and go right through the basics. Start with The Naked Trader: How Anyone Can Make Money Trading Shares Then his book about spread betting if you want more detail on that specifically.
  21. You don't say if you're using CFDs or Spreadbets. I don't use CFD on IG, but I can explain spread betting: When you place a spread bet, it's done in pounds per point. So using Bitcoin USD as an example, price is around 9600. If you bet £1 per point, you're total position size is 9600 X £1 = £9600. £5 per point = 9600 x £5 = £48,000 £10 per point = 9600 x £10 = £96,000 Your margin requirement is based on the total position size, with possibly some other factors. You can read up here: https://www.ig.com/en/charges-and-fees/margins If a stop at 30 points has a potential loss of £6000, that would be a bet at £200 per point, wow! (A stop of 30 points is way too close for something volatile like Bitcoin. The spread alone will likely close you out straight away.)
  22. Barratt down around 3% today, on as far as I can see the consultation on greater powers for compulsory purchase of land. Have I missed something else? 5.10 Increasing housing density in urban areas – To ensure that our brownfield and scarce urban land is used as efficiently as possible, the government will consult on introducing: minimum densities for housing development in city centres and around transport hubs, with greater support for the use of compulsory purchase powers for site assembly policy changes to support the conversion of empty space above high street shops policy changes to make it easier to convert retail and employment land into housing a permitted development right to allow commercial buildings to be demolished and replaced with homes They seem content to stoke demand though, with the removal of SDLT for first time buyers. The real issue they aren't addressing is still the shortage of skilled workers in the construction industry. It's all very well using compulsory purchase, but then who's going to build on the land.
  23. Caseynotes wrote: NY Times piece on the increasing concerns around crypto exchanges re; hacking and security, disclosure and business models. https://www.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html An interesting article about Bitfinex, I'll definitely continue to avoid them. When you look at what happened at say Equifax, or remember the Bangladesh Bank losing $101 million to hackers, it is any surprise there are also badly run and poorly secured exchanges. It's a shame they don't offer any constructive advice about how to invest safely in the article.
  24. Brilliant, thank-you so much. And I see the minimum size for BitCoin Cash have also come down to much more sensible levels.
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