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JamesIG

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Everything posted by JamesIG

  1. JamesIG

    printing a statement

    Hey you should be able to find a statement within MyIG Route would be: MyIG > Live Accounts > Statements > Open current statement
  2. JamesIG

    Overseas Use

    There should be no technical reason why you can't trade overseas unless the specific ISP or wifi provider blocks access to IG.com As far as I'm aware we haven't had any other reports of this so unfortunately I can't provide any further information.
  3. JamesIG

    Contracts Limited

    Hi thanks for the question. I have spoken to the desk and they have confirmed that the nature of your trade activity is such that we are unable to directly hedge in an underlying market or find opposing client orders to manage our internal risk. Therefore we have taken the business decision to reduce the maximum trade size, on certain products; there exists no explicit limit on maximum position size.
  4. I've recreated this on our side so I've passed this on to our mobile dealing app product owner as feedback however I have no reply at the moment I'm afraid. I'll update as appropriate.
  5. JamesIG

    Order Rejected/Deleted

    I've just had a look at your account and believe the orders you were placing were after the market closed? However it looks like you were filled the next morning when the market opened so believe this issue has been resolved. All the best.
  6. Thanks for your question. I imagine this is in part down to the FX fluctuations in GBPUSD, along with any commissions charged for executing the trade? If you do the following you can check to see what your current profit should be number of shares purchased x (stock price now - stock price then) = profit in that currency then convert back into GBP. You can either do this manually using the FX price at the time on IG, or just google "xx USD in GBP"
  7. Unfortunately we do not offer that particular exchange on our Share Dealing account and there is insufficient client demand right now to look into adding it. Thanks for the inquiry.
  8. JamesIG

    GSLO filter

    unfortunately we don't have that as a filter
  9. unfortunately for Australian share dealing accounts we only offer the following exchanges Location Commission per trade Australia $8 / 0.1% US US$10 / 2 cents per share UK £10 / 0.1% Germany €10 / 0.1% Ireland €10 / 0.1%
  10. JamesIG

    US ETF: Your order has been rejected.

    Is the ETF UCITS eligible (i.e. meaning it can be traded in an ISA)? You can find that out here https://etfscreener.ig.com I imagine it won't be, in which case you'd have to trade that in a regular share dealing account.
  11. I don't think we've had any other reports of this so likely to be something localised to you. What charts are these? New platform (with the fly out on the left) or the old platform?
  12. Hey - there are notes on this table specifically which you can see below. Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*). In other words, the 6 points is around the underlying market spread. This is relatively large for this market and therefore should be correct. Unfortunately due to a number of reasons surrounding liquidity we are unlikely to reduce this.
  13. JamesIG

    Currency translation

    not in an ISA I'm afraid - it's a legal requirement and outside IGs control, but cash must always settle in GBP (specifically in an ISA)
  14. Hi unfortunately this isnt possible but I'll make sure to pass that on to our platforms team.
  15. this is possible through something referred to as a Bed and ISA What is Bed and ISA For those who aren't aware, an Individual Savings Accounts (ISAs) shelters your investments from Capital Gains Tax and further tax on dividends. The idea behind a BED & ISA is simple, as a client you can sell your non-ISA investments and then use the proceeds to buy them back immediately within an ISA, meaning the assets are in a more tax efficient wrapper. HMRC do not allow the movement of shares into an ISA, so they need to be sold and the cash transferred to the ISA before they can be repurchased. Costs of a Bed and ISA We charge £40 on the sale of shares, but no cost on the repurchase. There may be PTM Levy of £1 to pay on both sides of the trade, depending on the share and the consideration of the trade. There will be a spread charged but no more than £30 - £50, and depending on the share, you may need to pay Stamp Duty on the repurchase within their ISA. Process This needs to be done over the phone, however we are currently looking at ways to automate the process. Please give us a call and ask to speak to one of our sales traders.
  16. Sorry all - yes these are due to the scheduled weekend maintenance. Apologies but they should have been cleared.
  17. JamesIG

    Finance Charges

    To confirm as stated above If underlying instrument currency is USD Size × closing price × US LIBOR +/–2.5% ÷ 360 If you're long assuming US Tech of 6948 £3 x 6948 x (2.5 + 2.5)% / 360 20,844 x 5% / 360 £2.89
  18. JamesIG

    Trading Seninars for a beginner?

    good questions, however I do not have this information. Good post caseynotes, and i think these two are very useful points to bring up again. You hear it all the time and i think it's something people brush over without really thinking about how important it is. "No one knows which way the market is going to go." That includes many hedge fund managers, retail investors, and those who are looking to simply flip a coin. We try and do work and research to help us understand it a little more and help our predictions, but at the end of the day there are a myriad of different factors which many people don't get to wrap their heads around. Just look at Woodford who had a few great years back to back and then a few terrible ones.
  19. JamesIG

    Trading Seninars for a beginner?

    The 81% number is a top level statistic which I don't think is actually that beneficial and really doesn't show the ins and outs of client trade activity. If you want to use statistics and data then you need to dig much deeper into the numbers and in my personal opinion people shouldn't take these headline numbers as facts without substantiating them first. I've linked to a couple of insights we do have, noticeably which show analysis of 43 million trades, to show that actually on average on a per trade basis clients are winning more than 50% of their trades. If you were to take EURUSD for example a whopping 61% of trades are actually profitable - i.e. the client is winning their trade - and on average they book 48 pips. This means that only 39% of trades which clients took on EURUSD were loss making. The issue is clients on average hold their losing trades longer - in this study for about 83 pips. Each person needs to make their own trade plan, but the data is pretty sturdy. Another important point on the 43 million live trades analysis is that traders who upheld a 1 for 1 risk reward trade ratio had a better than half chance of being profitable after 12 months. Specifically 53%. Those who didn't have that 1 to 1 only had a 17% chance of being profitable after 12 months. The data therefore suggests that account profitability is wholly down to a client sticking to a trading plan over a longer period of time. Daily FX Article: https://www.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.html Again, in my opinion for any serious trader this podcast could very well be the most important 8 minute podcast they could listen to: Listen to How To Trade Well: Avoiding the #1 Mistake Traders Make from Trading Global Markets Decoded in Podcasts >> https://itunes.apple.com/gb/podcast/trading-global-markets-decoded/id1440995971?mt=2&i=1000423861432
  20. JamesIG

    Indices

    Hi all - we have a Brexit round table today (Friday 8th Feb) which unfortunately won't be live, but we will be able to publish the video afterwards. This will be with Simon French from Panmure Gordon, and Robert Oulds from Bruges Group. It should be a great discussion, and if you have any questions you wanted to put to the panel please add a comment and make sure to tag me with the @ symbol.
  21. slightly off topic but we have a Brexit round table today (Friday 8th Feb) which unfortunately won't be live, but we will be able to publish the video afterwards. Thought this may be of interest for those who are trading the FTSE250 and other associated markets. This will be with Simon French from Panmure Gordon, and Robert Oulds from Bruges Group. It should be a great discussion, and if you have any questions you wanted to put to the panel please add a comment and make sure to tag me with the @ symbol.
  22. JamesIG

    Brexit is a hell of a ride - EMEA Brief 07 Feb

    Hi all - we have a Brexit round table today (Friday 8th Feb) which unfortunately won't be live, but we will be able to publish the video afterwards. This will be with Simon French from Panmure Gordon, and Robert Oulds from Bruges Group. It should be a great discussion, and if you have any questions you wanted to put to the panel please add a comment and make sure to tag me with the @ symbol.
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