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JamesIG

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Posts posted by JamesIG


  1. Hey all

    Those who have been here a while will know that I oversaw the transition of our Community from the previous 'red theme' to the forum platform we're using today. It's been great getting to know the more active members and following your trading style and interests, and helping new traders get to grips with the platform. 

    I'll still be floating around from time to time as a passive member so whilst @CharlotteIG will be the primary point of contact, tag me if needed (just be aware the reply may take a few days!). I'll still be at IG but heading up our new Products team. Our key focus is to develop and optimize the different ways you can trade on our leverage platform - new assets, new products, new markets - it should be an exciting time.

    Thanks for the conversation, and speak soon. 👍  

    • Like 2

  2. 17 hours ago, TrendFollower said:

    This is one example of how the odds are stacked against the trader and in favour of the broker. 

    No, it isn't. 

    Whilst it's known that trading on the worlds global financial markets can be tough and has risks, I must reassure you that your thoughts on our business model is incorrect. This has been discussed a number of times, however I'll copy and paste for the sake of the convenience.

    Our business model is based on providing individuals with the opportunity to trade the world’s financial markets, in exchange for fair and proportionate transaction fees. However, we do not typically benefit from trading losses that an unsuccessful client may experience. We do not have a view on the direction of the market, and it is entirely in our interest for your trade to be executed correctly based on the instructions you provided. There is absolutely no benefit what-so-ever to IG having a stock available on the platform which you can't trade on. 

    As we earn revenue from you trading, we want you to trade, not lose. You can read more about that here, https://www.ig.com/uk/how-does-ig-make-money or watch a video (which we're looking to update) here:

    As a financially regulated company which is listed on the LSE, this methodology is supported by our quarterly and annual results, and our latest Investors Relation presentation which may be of interest.

    If you'd like to discuss this in more detail, I'd suggest you give us a call. 

    • Like 1

  3. Hi all

    On the back of an obvious increase in marketing and spam on IG Community, all new members first posts now require content approval from a moderator or myself. Approval usually happens very quickly, after which new member posts will be live for others to see.

    Moderator approval is only required for the first post, after which all posts will be instantly auto approved. Make your first post or comment today to get involved with Community. 

    For existing members: please use the 'Report Post' function in the top right hand corner to bring such posts which slip through the net to our attention quicker. Thanks.

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  4. 37 minutes ago, dmedin said:

    Maybe IG can do a video explaining the disastrous performance of their 'cannabis index'.

    Our cannabis index, like all indices, is simply a collection of individual stocks. If the asset price of the individual constituents fall, so too will the index. We created the cannabis index for clients who wanted a more diversified exposure to the sector. 

    From the start of the year the index has risen from 750 to around 1250 in March, before pulling back to the 580 levels you can see now. 

    You can trade this long or short, and therefore should be able to benefit from a falling price. 

    • Like 1

  5. Hey - our corporate actions team sent out the following email on the 18th of September which I believe you are referring to. 

    Paladin Energy Ltd has announced a Share Purchase Plan (SPP) whereby eligible shareholders have the opportunity to purchase up to a maximum of AUD 30,000 worth of shares.

    THE ISSUE PRICE WILL BE AUD 0.115.  ELIGIBLE HOLDERS MAY APPLY FOR A PARCEL OF NEW SHARES IN AUD 1,000 INCREMENTS FROM A MINIMUM OF AUD 1,000 UP TO A MAXIMUM OF AUD30,000.

    THE OFFER UNDER THE SPP NEEDS TO COMPLY WITH THE LIMIT IN ASIC CLASS ORDER (09/425) AND (10/105). UNDER THE CLASS ORDER, ELIGIBLE SHAREHOLDERS MAY ONLY ACQUIRE A MAXIMUM OF AUD 30,000 WORTH OF SHARES UNDER A SPP IN ANY 12 MONTH PERIOD.

    ALLOCATION OF NEW SHARES WILL BE AT THE SOLE DISCRETION OF THE COMPANY. THE OFFER IS SUBJECT TO SCALE BACK. SHOULD THE OFFER BE SCALED BACK WE WILL APPLY THE SCALE BACK IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE OFFER. THE SCALE BACK POLICY IS AT THE SOLE DISCRETION OF THE COMPANY.

    To take part in the SPP, we require an instruction from you before 12pm AEST on the 03.10.2019 advising how much worth of shares you are subscribing for. Please ensure the correct amount of money is in your share trading account at the time of instructing, or the request may fail. These funds will be reserved until the SPP has been fully processed.

    An instruction to us is not a guarantee that you will be allocated any or all the shares that you have subscribed for. There are instances where no allocation will be made to you, for example the SPP may close early and/or be fully subscribed. IG holds no responsibility for share allocation outcomes or any failure for you to be issued the shares requested. By participating in the SPP you acknowledge and agree that you will not hold IG liable for any of the above.

    Please give us a call or drop us an email using the same email address registered to your account, using the following details. Unfortunately I can't take this instruction via Community. 

     

    T 1800 601 734 / +61 (3) 9860 1734
    E helpdesk.au@ig.com


  6. 3 hours ago, Caseynotes said:

    You can calc the margin requirement yourself but it's calculated differently for different markets, there is an IG page on this but I can't find it, perhaps @JamesIG, can check as the page linked below has a link to 'how margin is calculated' but the link just takes you back to the top of the same page.

    https://www.ig.com/uk/charges/margin#

    Thanks for flagging caseynotes - this has been fixed now. 


  7. 20 hours ago, Caseynotes said:

    Hi, IG shuts down at 10pm Friday and any open trades are carried over on restart which for FX is 9pm Sunday. There can often be gaps in the market price on restart especially if there has been volatile news over the weekend.

    Thanks casey - it's also worth stating that over that time period the underlying liquidity providers (aka - the international banks) are also closed. The global FX market is shut. 

    • Like 1

  8. Currency risk which way? If you're betting £1 a point then there isn't really any currency risk between that trade and your base currency (i.e. the currency you will be settling the trade in). Your profit and lose will tick in GBP so GBPCAD isn't an issue. 

    There would only be a currency risk (when referenced against your base currency of account) if you're trading the CFD which is denominated in USD or CAD currency - depending on the listing.

    Only then would a GBPCAD / cable hedge be required. 


  9. 8 hours ago, dmedin said:

    Hello.  I believe order type is just a way of handling how your order gets executed, it does not apply once you have bought your shares.  Once bought you have them until you decide to sell them. 

    https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/what-types-of-order-do-you-offer-for-share-dealing

    exactly that - the order type is only important for how you buy the shares in relation to it's price point. If you're looking to 'buy and hold' as a strategy then you can use use either order type. 


  10. 4 minutes ago, Exhale_Trading said:

    Thanks James, this was of great help. Where can I find the epic for each ETF so I can trade it via the API?

    If you were to click the three line menu and 'open market in new window'...

    image.png

    You can then see the epic in the top URL

    image.png


  11. Unfortunately daily statements can't be turned off as it's  a legal requirement for us to send them out whenever there is a change to your account. The only thing i can suggest is setting up a rule in your email client to automatically move them to a specific folder if you so wish. 

    With that said, its worth keeping an eye on them so you're fully aware of what is happening on your account. 

    • Thanks 1

  12. An index price quoted by the exchange is a indication of the sum of the constituents within that group - it is not an asset you can trade. For example you can't 'buy a FTSE index'. To get a price you can trade off, IG will take the direct feed from the underlying futures exchange - for example the FTSE futures - and make a fair value adjustment to bring it back to a more accurate spot price. This means stripping away any dividends between now and then, and taking off interest. This means there will always be a discrepancy with the highly publicized index price.

    Alternatively you can always trade the Futures price on our platform which is a direct feed from the corresponding Futures exchange

     


  13. On 18/08/2019 at 07:44, Exhale_Trading said:

    Where can I find a list of the US ETFs which are tradable with IG?

    I can't receive market data for those via the API (same as for stocks), correct?

    We have this tool which may be of use https://etfscreener.ig.com

    With US ETFs it's worth remembering that there may be some which you can't trade (based on your personal circumstance). That screener should show you all the ones we currently offer. If you would like one which isn't on the list, let us know and we can look to add.

    • Thanks 1

  14. 3 minutes ago, who said:

    Hello @JamesIG, thanks for dropping by. Yes, the accounts are the same and are now correctly synced correctly across both platforms. I've been unable to replicate the issue, so I'm happy to walk away and pretend that I haven't caused all this fuss.

    Cheers.

    thanks for the update @who - I'll certainly flag the demo account for a passive review just to make sure there isn't an underlying issue. 

    All the best, and always feel free to reach out if something isn't performing as expected. 

    • Thanks 1

  15. 10 hours ago, Treehouseman said:

    But if a spread bet doesn't actually require owning the underlying asset that you bet on why is it still not always possible to short sell certain AIM stocks via spread bets? Is the reason simply that unborrowable stocks are too risky to allow spread bets? Thanks to anyone who can shine some light on this! 

    At it's most basic level (with a caveat that this is an indicator for educational purposes and there are more complexities such as internal risk limits etc) if you were to short £1/pt of a UK listed company, and you were the only one who was looking to short that company on the IG platform, IG would look to go to market to short 100 shares in that company and hedge your position. 

    IG offer you the opportunity to not own the underlying shares, however we do not bet against you and therefore would hedge your trade in the underlying market. 

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