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GeorgePizarro

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Everything posted by GeorgePizarro

  1. Hi , Please note that IG are still not offering Greek stocks due to the volatility and continuing uncertainty surrounding Greece. Due to this each Greek stock is set to 'Closings Only' which means we are no longer offering the stock and so clients can only close existing positions. We will generally do this if a stock is too small or illiquid. Having taken a look at Piraeus Bank I cannot see these quick vast increases in price that you refer to, however, there have been a few corporate actions on the stock in the last year or two which will explain the large moves on charts, but we aware these pose no material change to the stocks market cap. In regards to your last comment, IG is fortunate that we have a vast number of clients and so we can net off or internalise a lot of client exposure as we will have long and short clients. There are of course times when there are more long or short which leaves IG with an exposure to that market, and so we hedge this exposure in the underlying market to reduce the risk to IG. Hopefully this answers your queries, feel free to ask any further questions. Thanks, Michael
  2. Hi , We appreciate your interest in holding this account type with us. Unfortunately, as our clients need a minimum age of 18 in order to hold an account with IG, we cannot offer Junior ISA accounts. Thanks, Michael
  3. Hi , I'm glad my explanation has answered your query! And no, at present we do not publish these online, but we can give the figures to you via Phone, Email or Live Chat. We are looking into adding these to the platform in the future. Thanks, MichaelC
  4. Hi , We use the TomNext rate for our overnight fees on FX. This fee is made up of the underlying TomNext swap rate we obtain from our Bank feeds that price our FX markets, as well as a 0.8% IG admin fee. If you hold a FX position open on your account at 10PM UK time you will be subject to this charge. Please note that as FX settles in the underlying market on a T+2 basis (2 days from the date of transaction), if you hold a FX position on a Wednesday at 10PM UK time you will be charged 3 days as it is deemed the weekend due to the underlying settlement. The calculation for this is as follows: Bet size X TomNext rate = Fee charged. (Please note you will not always pay, as this is an interest differential there are times you will be receiving). For USD/JPY, the TomNext rate is currently -1.17 / 0.48 This means that if you hold a short position you will pay 1.17 points and if long you'll receive 0.48. Any more queries regarding FX funding please let us know! Thanks, MichaelC
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