JamesIG

Hi @Titus - 24 hour close out rules were previously in place pre-ESMA which meant that you couldn't hold a position which was eating into your margin (negative equity) for 24 hours or more, and therefore you couldn't hold these positions over the weekend either. That rule was removed on July 30th basis ESMA requirements.

Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6 Aug 2018. 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: Special Divs are highlighted in orange How do dividend adjustments work? As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements. 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.

Fresh trade war chat causes Asian equity markets to see red as investors remain spooked. PBoC helps support Chinese assets by raising the reserve requirements on some forward FX positions, effectively making it more expensive to bet against the the Chinese currency. US dollar remains steady on the US jobs data on Friday, with currency markets focusing on the yuan. Saudi crude production printed a surprising dip in July, and with American shale production seemingly plateauing oil prices saw a welcome rise. Gold is off it's 17 month lows but still hovers around the $1200 area of key support. German factory orders the key thing to note on a macro front. Asian overnight: A mixed affair overnight saw Australian and Hong Kong stocks shrug off fears of a deepening trade war between the US and China, while Japanese and Chinese indices traded in the red at the end of the session. Rhetoric within the two sides stepped up once more, with China threatening a retaliatory set of tariffs on $60 billion of US exports. One of the key reasons for the strength in Australian indices was the gains we have seen in Iron Ore overnight, with the likes of BHP Billiton and Rio Tinto both enjoying a positive session. Asian equity markets are trading firmer this morning, although China's Shanghai Composite trades 1.3% lower and the Nikkei flat. In retaliation to Trump's tariff retorts, China has said that it is ready for a "protracted war" in the wake of what they believe to be unreasonable demands from the US. UK, US and Europe: Looking ahead, there are precious few economic events of note, with the German factory orders deterioration (-4% from 2.6%) already seen this morning providing one of the only releases of interest. Also keep an eye out for the Sentix investor confidence figure for the eurozone. A similar story for the US session, with a Canadian bank holiday adding to the calm of the day. South Africa: The rand is slightly softer and base metal prices trade mostly firmer this morning, while precious metal prices trade mixed. We are expecting the Jse to open up marginally firmer this morning. BHP Billiton is up 2.16% in Australia, suggestive of a positive start for local diversified resource counters. Tencent is 0.34% higher in Asia suggestive of a similar start for major holding company Naspers this morning. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades HSBC saw adjusted profits fall 2% over the first six months of the year, with an 8% rise in adjusted operating expenses denting overall profitability. Pre-tax profits (~$6 billion) came in marginally below estimates too, while adjusted revenue rose by $2 billion compared with the same time last year. With the bank in a transitional period, the higher operating expenses come amid significant investments in both the retail and investment arms of the business. easyJet saw passengers rise 4.5% in July compared with the same time last year. On an annual basis, the number of passengers flying with the airline in the 12-months to July rose 6.2% compared with the same time of year in 2017. Vedanta Resources saw a 26% YoY jump in EBITDA for the first quarter ending in June 2018, driven by higher volumes and commodity prices. Standout operational highlights included record quarterly aluminium production (up 37% YoY), Gamsberg Zinc production to commence in September, and average Oil & Gas production up 4% YoY. Wizz Air said that passenger numbers rose in July by 23%, thanks to new routes to Moldova, Romania and Austria. Load factor jumped 0.8 points to 95.4%. BMW upgraded to neutral at JPMorgan Morgan Advanced upgraded to buy at Berenberg Norsk Hydro upgraded to neutral at Goldman Proximus upgraded to neutral at Citi Banco BPM cut to reduce at Kepler Cheuvreux DNB downgraded to hold at Jefferies Osram downgraded to hold at HSBC Safilo downgraded to reduce at Kepler Cheuvreux Featured Video Please note: 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.

thanks @zala I'll add it to the feedback requests list.

BoE raised rates yesterday in a universal vote for a 0.25 percent increase. Apple wins the race to the first trillion dollar company valuation in history closing up 3% on the day, 35c above the required $207.04 a share mark. Yes, that's trillion with 12 zeros as quoted in the title. US dollar at 2-week high as trade war dents confidence. Sonos Inc traded in a range as large as 35% (low to high) in debut IPO. Oil prices steady supported by speculators and traders placing new hedges in the futures market ahead of key US inventory data. Non-farm payrolls today at 1:30pm with an estimate of 192k, previously 213k. Average earnings expected to rise by 0.3%. Unemployment rate expected to drop to 3.9% from 4%. Asian overnight: Trade fears continue to dominate in Asia, with the Chinese markets leading the losses as markets prepare for a potential raft of tariffs on a further $200 billion worth of Chinese exports to the US. Apple hit $1 trillion market cap yesterday, with the news boosting stocks across many of the region. However, that tech boost failed to translate through to the Asian session. Data-wise, Australian retail sales remained stable at 0.4%, despite expectations of a slight decline. We also saw the Chinese Caixin manufacturing PMI fall to 52.8 from 53.9. UK, US and Europe: Looking ahead, today sees the heavy hitters come out on the economic front, with the UK services PMI reading due to bring substantial speculation over the UK economy’s largest sector. This will also have a knock-on effect upon GDP expectations. This PMI theme also carries into the US session, where the ISM non-manufacturing PMI reading comes out for the US economy. However, the biggest event of the day comes in the form of the US jobs report, with markets expecting to see payrolls move slightly lower and earnings to tick higher. On the corporate calendar, watch out for earnings reports from the likes of Berkshire Hathaway, and Kraft Heinz to close out the week. South Africa: Gains in US equity markets last night are being tempered by mostly weaker Asian markets this morning, lending itself to the suggestion of a marginally positive start for the local bourse today. The US dollar has firmed to put some pressure on commodity prices, particularly that of gold which nears the psychological $1200/oz mark. The rand has weakened against the majors furthering losses in emerging market currencies, as the suggestion of a constitutional change by the ANC, in lieu of land expropriation without compensation, weighs on investor sentiment. BHP Billiton is down 1.7% in Australia alluding to a softer start for local resource counters. Tencent Holdings is up 2% in Asia, alluding to a similar start for locally listed major holding company Naspers. Economic calendar - key events and forecast (times in BST) 10am – eurozone retail sales (June): expected to rise 1.7% YoY from 1.4%. Market to watch: EUR crosses 1.30pm – Canada trade balance (June): expected to see deficit narrow to C$2.05 billion from C$2.77 billion. Market to watch: CAD crosses 1.30pm – US non-farm payrolls (July): payrolls forecast to fall to 195K from 213K, while the unemployment rate falls to 3.9% from 4%. Average hourly earnings to be 0.3% MoM. Markets to watch: US indices, USD crosses 3pm – US ISM non-mfg PMI (July): forecast to fall to 59 from 59.1. Markets to watch: US indices, USD crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades RBS saw an attributable profit of £96 million in the three months to June, beating pessimistic forecasts of a £741 million loss. This brings first half profits to £888 million. Total revenues for H2 also beat market expectations, coming in £200 million above expectations, at £3.4bn. The firm payed their first dividend since being bailed out by the government, with an interim dividend of 2p per share due once they confirm the size of the US Department of Justice fine. IAG saw a sharp rise in half-year profits after tax and exceptional items, rising to €1.41 billion compared with €607 million. EPS also surged higher, rising to 65.9 cents from 27.5 cents. Total revenue gains were more muted, rising 3.1% to €11.2 billion. Looking ahead, the firm expects to see operating profits rise on a year-on-year basis at current fuel prices and exchange rates. Mondi Ltd Interim results showed basic underlying earnings of 89.2 euro cents per share, up 26% Rolls-Royce upgraded to buy at SocGen HelloFresh upgraded to overweight at JPMorgan Intesa upgraded to buy at SocGen Metro AG upgraded to hold at HSBC Macquarie upgrades AECI to outperform with a target price of 12800c Renaissance Capital upgrade African Rainbow Mineralsto buy with a target price of 15000c H&R downgraded to sell at DZ Bank MorphoSys cut to neutral at Oddo BHF Saipem downgraded to hold at HSBC Valneva downgraded to reduce at Kepler Cheuvreux Featured Video Please note: 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.

Thanks for this and apologies. I have escalated this to our incident team and technical trading support guys to review as soon as possible. I'll update accordingly.

Both margin requirements are 5%, however because the DAX value is nearly double the current FTSE index value, the margin required in GBP terms is going to be larger. I.e. the same percentage on a larger number is going to equate to a larger deposit requirement.

No - negative balance applies to the account as a whole. Close out rules are as the example above, and reiterated below (for ESMA retail clients). Say you have £1200 cash on your IG account. You place a FTSE trade with a guaranteed stop and it requires a margin of £1000. If the market moves against you £200's worth you would then start to eat into your margin. If the market continues to move against you by a further £500 (i.e. 50% of the margin required to open your trade) your position would be closed. This is because 50% of your margin was used up, and your equity value was therefore £500 (half of the margin). The new ESMA rules require us to close the position. You would be left with £500 in your account. Please remember if the market gaps over this level then there is no guarantee to close your trade at this exact 50% level. There is a 'negative balance protection' rule which will be in place from July 28th, however this applies to the account as a whole. Positions will be closed when the account sees 50% of your margin 'eaten into' whilst neg balance protection just implies you can't lose more money than you have in your account.

Poor EoY results helped pushed the FTSE lower yesterday as miners sold off, whilst the White House threat for further Chinese tariffs had a negative impact on the S&P energy and industrial sector which also suffered. In the US the Fed decided to hold rates ahead of a likely September hike. Range remains in the 1.75 to 2 per cent channel. According to a US trade representative, the refusal of China to meet US demands, along with implementation of retaliatory tariffs on US goods, spurred the decision to increase the 10% tariff to 25% on $200bn worth of Chinese imports. After consecutive losses for the previous couple of days, oil prices rose over the last session as speculators look for a bounce. BoE widely expected to raise interest rates today. If a hike is confirmed from Threadneedle Street later today, this would only be the second this decade. Video from IGTV talking about the banks interest rate rises is below. Asian overnight: Trade war concerns have come back into focus to see Asian markets on the decline once again. Losses in Asian equity markets are substantial with China's Shanghai Composite down over 2% on the day. Chinese and Hong Kong stocks were the big losers amid a sea of red overnight, as markets reacted to the potential of the US to raise a 25% tariff on $200 billion worth of Chinese imports. Recent tones of dissatisfaction from the Chinese over US blackmail seem to have a basis in this threat, and with the Chinese importing nowhere near $200 billion worth of US goods, this raises questions over what their response will be. The main data point overnight came from Australia, where a sharp rise in the trade balance surplus highlighted the sharp deterioration in imports (-1% from 3%) rather than anything major on the exports side (3% from 4%). UK, US and Europe: Looking ahead, the UK PMI focus continues, with the construction sector under the microscope in the morning. That UK theme continues at midday, with the Bank of England widely expected to raise rates for the first time this year. A relatively quiet US session means that there will be a greater focus on wider economic issues and corporate earnings reports. With Caterpillar, Apple, and Tesla all out of the way, today sees reports from the likes of GoPro, Kellogg, and AIG. South Africa: US Index futures are also lower but to a lesser extent, and in turn we are expecting a soft start on the Jse Top40 Index today. The dollar has firmed and precious metals remain at depressed prices. Base metals trade mixed this morning. BHP Billiton is down 3.3% in Australia suggestive of a weak start for local diversified resources. Tencent Holdings is down 3% in Asia suggestive of a soft start for major holding company Naspers. Economic calendar - key events and forecast (times in BST) 9.30am – UK construction PMI (July): expected to fall to 52.5 from 53.1. Market to watch: GBP crosses 12pm – BoE rate decision: an increase in interest rates to 0.75% is possible, and would be expected, but given recent weakness in UK data the bank may yet demur once again. Markets to watch: FTSE 100/250, GBP crosses 1.30pm – US initial jobless claims: expected to rise to 220k from 217k. Market to watch: USD crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Barclays saw their H1 profits whittled away amid huge litigation costs and settlements eroded what would have been a 20% rise in pre-tax profits for the firm. Instead, pre-tax profits fell to £1.6 billion, from £2.3 billion after a circa £2 billion pay-out, which includes a £1.4 billion settlement with the US DoJ. Looking behind those charges, the company saw a strong performance, with the UK arm raising pre-tax profits by 30%. Aviva reported a 2% fall in operating profits compared with last year, with the firm citing the impact of disposals, tough market conditions in Canada and higher weather related claims for the fall. Despite this, they expect to see these trends to reverse in H2, with the firm remaining on track to hit their 5% growth target for the year. Their EPS number came in above market estimates, with an operating EPS of 26.8p (vs 25.1p expected). The dividend was increased by 10% to 9.25p per share. Rolls-Royce expects their 2018 earnings results to come in towards the upper end of its guidance range, following a stronger than expected showing from their civil aerospace and power systems businesses. This comes despite a £554 million charge for issues relating to their Trent 1000 engine, which has been shrouded by issues over their durability. That figure will cover the Trent 1000 issues up until 2022. On the earnings side, the firm saw underlying revenues jump 14%, with underlying profits rising by £205 million, to £141 million. Liberty Holdings (SA) Interim results showed normalised headline earnings per share to have increased by 6% Elementis upgraded to overweight at JPMorgan Asos rated new outperform at Wells Fargo Gamma Communications rated new buy at Citi Norma upgraded to buy at HSBC Macquarie upgrades AECI to outperform with a target price of 12800c Renaissance Capital upgrade African Rainbow Mineralsto buy with a target price of 15000c Shell cut to equal-weight at Morgan Stanley Sodexo downgraded to market perform at Bernstein Subsea 7 downgraded to underperform at Macquarie WDP downgraded to neutral at Kempen & Co Featured Video Please note: 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.

We still offer Limited Risk accounts through our Swiss offices (and other offices outside the EMEA region) so if you made a reapplication via that office you would be likely to be in the same bracket assuming your personal circumstances haven't changed.

Asian equity markets have crept slightly higher overnight following on from a firm Wall Street finish yesterday. Apple gains 4% on good results yesterday as it races with Amazon to be the world's first trillion dollar company. Turkey sharply increased their inflation forecast yesterday to 13.4% just a week after keeping interest rates on hold. Bitcoin pulls back to a one week low, however still ends the month about 20% higher MoM. Oil has pulled back after industry data showed US stockpiles rose unexpectedly. Tesla are set to release their Q2 results about one month after announcing it met its most recent target of building 5,000 Model 3's /week. The U.S. Federal Reserve's Federal Open Market Committee (FOMC) announces its decision on interest rate at 19.00 BST. Asian overnight: Japanese markets were the one outlier overnight, as the promise of continued loose monetary policy from the BoJ earlier in the week continues to have a toll on the yen and Japanese stocks. Uncertainty continues to rein amid a week of hugely significant economic and corporate releases. Oil prices have been falling back amid speculation that sanctions on Iranian exports could be avoided. On the data front, New Zealand posted weaker jobs data, with a slight fall in the employment change figure (0.5% from 0.6%) accompanied by a slight rise in unemployment (4.5% from 4.4%). UK, US and Europe: US Index futures trade firmer this morning while Asian markets trade mixed. The US dollar has firmed after better than expected consumer confidence data was released yesterday afternoon. Looking ahead, the beginning of a new month brings the usual trio of UK PMI readings, with the manufacturing figure kicking things off today. There are a host of eurozone PMI surveys, but for the most part they are revisions rather than the preliminary reading in the UK. That PMI theme will carry into the US session, with the Canadian and US ISM manufacturing PMI surveys released later on. We also see the first of the major data points from the US, with the ADP payrolls figure ahead of this evening’s FOMC meeting. Crude markets will also expect volatility, with the release of the US crude inventories data earlier on in the afternoon. On the corporate front, all eyes will be on Tesla as Elon Musk hopes to prove the firm can be profitable going forward. South Africa: The rand while weaker against the strengthening US dollar, has underperformed its emerging market currency peers following news that ruling party, the ANC had resolved to change the South African constitution in lieu of land redistribution without compensation. Rand hedge industrial counters are expected to outperform on the Jse this morning. While a stronger dollar has weighed on commodity prices, suggestions that China US trade talks will resume have provided some reprieve. BHP Billiton is up 0.63% in Australia and Tencent Holdings trades 0.5% higher in Asia, suggestive of a positive start for local resource counters and Naspers. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Direct Line saw a decline in operating profit (-1.5%) and pre-tax profit (-13.9%) in H1, driven predominantly by higher weather-related claims. Normalised for weather, operating profit was slightly higher compared with H1 2017. Interim dividend of 7p established in line with business growth. BAE Systems saw a fall in sales (-3%), underlying EBITDA (-6%), and underlying EPS (-2%) for H1 2018, as the firm pushed through a ‘transition earnings year’. Despite this fall in metrics across the firm, they have raised dividends to 9p (from 8.8p) as they look forward to a strong H2. Significant wins on the Australian SEA 5000 and US Amphibious Combat Vehicle programmes, coupled with the launch of the UK Combat Air Strategy, are expected to provide strong momentum going forward. Lloyds Banking Group saw a 23% jump in pre-tax profit to £3.1 billion for the first half of 2018, beating market expectations, while also raising their full-year guidance. This is despite another £460 million worth of PPI claims, taking the total cost of the scandal to £19.2 billion. Next saw a 4.5% rise in full price sales for the first half of 2018, with online sales growth (+15.5%) far outstripping instore activity (-5.3%). The extended period of sunshine in the UK has helped drive sales of summer products, yet with the possibility that these sales have simply been pulled forward from August, sales and profits guidance remains the same for the year. ArcelorMittal South Africa Interim results showed Ebitda improved by R2 121 million from a loss of R534 million to a profit of R1 587 million. Standard Chartered upgraded to hold at HSBC BHP upgraded to reduce at AlphaValue EDF upgraded to equal-weight at Morgan Stanley Peugeot upgraded to buy at Citi Macquarie upgrades AECI to outperform with a target price of 12800c Renaissance Capital upgrade African Rainbow Mineralsto buy with a target price of 15000c Hammerson downgraded to underperform at Jefferies Pearson downgraded to neutral at Citi Rightmove downgraded to sell at Berenberg Worldline downgraded to hold at HSBC Featured Video Please note: 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.

Hi - that's not accurate I'm afraid. As previously shared, feel free to check out https://www.ig.com/uk/how-does-ig-make-money Any further discussion on this will move to a new thread. Please keep the conversation on topic.

hi @abhishekpatwani - I have just been told that you can open your account by selecting 'swiss' in the drop down and then once the application has come through we'll be able to change it manually. Hope this clarifies things.

thanks for letting me know - I will pass this back to our UAE sales team who should be able to comment / be in contact.

Asian markets broadly subdued to to global tech sell off. BoJ pledged to keep it's interest rates 'very low' and added flexibility measure to its stimulus package. This decision leads the way with the big IR decisions taken by the leading central banks this week. U.S. Federal Reserve concludes its policy meeting on Wednesday and the Bank of England is seen raising interest rates on Thursday. Dollar ends up paring losses against the yen after the BoJ meeting. Oversupply concerns cause oil to drop by it's largest daily amount in 2 years. Gold is slightly firmer but nothing to write home about at $1,222/oz. If you're looking for a big macro day, today is the one. Calendar below only shows high importance events. Asian overnight: A largely negative session overnight saw marginal gains in the Nikkei and ASX 200 provide the only respite from a wider trend of downside for stocks. Following on from yet another bearish session in the US, we are seeing continued uncertainty despite the overnight BoJ decision to largely retain their monetary policy in similar shape. Monetary policy has been kept extremely accommodative. The bank’s shift in purchases of exchange-traded funds toward assets linked to the Topix index did little to help the index over the course of the session, yet for the most part market fears proved unfounded. A busy economic calendar saw a largely bearish picture for the Japanese economy, with a rise in unemployment coming alongside fall in industrial production and consumer confidence. Chinese PMI figures did little to enable a more bullish outlook, with a deterioration in both services and manufacturing readings. UK, US and Europe: Looking ahead, the economic and corporate calendar really picks up, with the Germany starting in earnest with a better-than-expected retail sales figure of 1.2% (from -2.1%). The morning will largely focus in on the eurozone CPI and GDP figures, with core inflation expected to tick higher to 1%. On the GDP front, the only expected change comes in the year-on-year figure, with markets looking for a tick lower to 2.4% (from 2.5%). The afternoon sees another important GDP figure, with the Canadian growth reading predicted to rise sharply to 0.3% from 0.1%. Elsewhere, the US economy comes into focus, with the core PCE measure of inflation released alongside personal spending. Also keep an eye out for the consumer confidence figure. On the corporate calendar, earnings from Apple will no doubt grab the headlines as traders look out for any negative fallout from the recent trade war. South Africa: Commodity prices are relatively flat this morning with gold remaining at depressed levels, base metals mixed and oil marginally lower although still around multi-week highs. The rand is pretty much unchanged against the majors this morning. BHP Billiton is however up 2.25% in Australia suggestive of a firmer start for local resource counters. Tencent Holdings is down 2.6% in Asia, suggestive of a similar start today for major holding company Naspers. In turn we expect the Jse Top 40 Index to open flat to marginally lower this morning. Economic calendar - key events and forecast (times in BST) 8.55am – German unemployment (July): unemployment expected to fall by 17,000 from a 15,000 drop in June. Unemployment rate to hold at 5.2%. Markets to watch: eurozone indices, EUR crosses 10am – eurozone CPI (July, flash), employment (June), GDP (Q2, flash): CPI to be 2% YoY, unchanged from last month, and core CPI to rise to 1.1% YoY from 0.9%. Unemployment rate to rise to 8.5% from 8.4%, and GDP to be 2.5% YoY and 0.5% QoQ. Markets to watch: eurozone indices, EUR crosses 1.30pm – US personal income & spending (June): income and spending to both be 0.4%, from 0.4% and 0.2% respectively last month. PCE prices, the Fed’s preferred measure of inflation to be 0.2% MoM. Markets to watch: US indices, USD crosses 2.45pm – Chicago PMI (July): forecast to fall to 63 from 64.1. Markets to watch: US indices, USD crosses 3pm – US Conference Board consumer confidence (July): expected to rise to 126.5 from 126.4. Markets to watch: US indices, USD crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Just Eat saw a 30% increase in orders compared with H1 2017, after the firm successfully integrated Hungry House into the business. While the firm saw revenues rise 45%, the short-term costs associated with Hungry House meant pre-tax profit fell 3% to £48.1 million. Thomas Cook played down expectations for full-year profitability, as a growing demand for low-margin budget Spanish holidays reduced demand for more profitable packages. The firm saw revenue rise 10%, yet profits fall 3% for the three months to June 30, as many delayed plans to book a holiday given the warm weather at home. BP saw better-than-expected earnings figures, as higher oil prices and increasing production boosted profitability. The Gulf of Mexico disaster payoff continues to drag profitability, with $700 million paid out over the quarter. BP raised their dividend by 2.5%, while also buying $200 million worth of ordinary shares back, totalling 29 million. Anglo American Plc In the sixth sales cycle of the year, demand for De Beers rough diamonds was in line with expectations during the seasonally quieter summer period for the industry’s midstream sector. Abcam upgraded to buy at Berenberg Aegon upgraded to neutral at Mediobanca SpA DNO upgraded to buy at DNB Markets Tamburi Investment Partners raised to buy at Kepler Cheuvreux Macquarie upgrades AECI to outperform with a target price of 12800c Renaissance Capital upgrade African Rainbow Mineralsto buy with a target price of 15000c Heineken downgraded to hold at Jefferies Wacker Chemie cut to hold at DZ Bank Featured Video Please note: 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.

So the primary reason for this is the legacy code which means the two different stop types follow different logic paths in the deal flow. We have raised this previously as a discussion topic for our core dev team, however at the moment unfortunately it's just not a priority given the client request to dev time required to change 'ratio'. At the moment regulatory change, Mifid II, ESMA and new products have taken up our time. If there is an update I will be able to let you know. Until then you can turn on notifications. When you're limit order is filled you'll be able to edit a trailing stop manually. I appreciate this isn't ideal, however it is the best work around we have at the moment.

If you would like your account in a different base currency then it currently is in, please let us know via email along with your name, date of birth and address, and the account number you would like to change. Any conversion will have the 0.3% FX conversion charge applied. The debit card deposit isn't charge, however if there is an FX conversion (say you are depositing GBP from your bank into your USD IG account) then there will be the FX charge. You can always send us USD if you prefer, however I can imagine the bank will be far more expensive if you do the USD >> GBP conversion on their end. You are correct in your thinking that you won't have continued FX conversions though, and therefore it is probably easier and cheaper to just convert once when you make the deposit.

https://www.ig.com/en-ch/logout-redirect Please note: if you are logged in to an existing IG account, clicking through the above link will log you out of that account. The above link is to open an account through our swiss office.

Please keep the Community Guidelines in mind, especially point 7, https://community.ig.com/community-guidelines/ Furthermore, some may find this link interesting on how IG makes money. https://www.ig.com/uk/how-does-ig-make-money If you wish to discuss this further please open a new thread so we can keep this discussion on topic.

you can still use guaranteed stops and they retain their use, however 'limited risk' accounts are no longer required as all retail client accounts have negative balance protection.

Hey - you'll trade CFD's in Australia. Although this shouldn't be construed as tax advise, and I would recommend seeking independent clarification, any profits are likely to be taxed along with any other capital gains. https://www.gov.uk/capital-gains-tax

I have just spoken to one of our UAE sales account managers and they have confirmed that you can open a swiss account if you wish. Please use the link previously provided.

Asian overnight equity markets broadly subdued for central banks data test. Dollar steady and range bound before key central bank meetings this week. Oil is mixed, however brent has eased as trade tensions continue to weigh. Gold prices have eased on the slightly stronger dollar. With Facebook, Twitter and Intel results all disappointing last week, the street may be cautious with the release of Apple's end of year tomorrow. Asian overnight: Overnight markets have started the week in a downbeat fashion, with losses across Chinese, Hong Kong, Japanese, and Australian markets amid a week of possible monetary tightening from the BoE and (potentially) the BoJ. The Nikkei is down 0.75%, as we lead into this week's Bank of Japan (BOJ) monetary policy meeting. With US tech stocks failing to perform on Friday, that uncertainty has carried through into this new week, with earnings season likely to continue dominating sentiment. Data-wise, Japanese retail sales rose to 1.65; marginally lower than the 1.7% expected. UK, US and Europe: Global markets are trading softer this morning with US Index Futures continuing Friday's decline which was led by the US Tech sector (after Twitter results disappointed). Looking ahead, today represents a very quiet day on the economic calendar, with little to no major events to keep an eye out for. As we enter the start of a new month, this lull will not last long, with events coming thick and fast towards the second half of the week. The dollar has firmed since Friday's strong GDP print. On the corporate front, watch out for earnings figures from Caterpillar, Loews Corp, and Electronic Arts. More results listed below. South Africa: Precious metals and base metals trade softer this morning after gains on Friday. The rand is slightly weaker although still well its worst levels of the month. BHP Billiton is down 0.6% in Australia, suggestive of a lower start for local diversified mining counter. Tencent Holdings is down 2.57% suggestive of a similar start for major holding company Naspers. Earnings look ahead: Catapillar look to releases results today, follower by Standard Chartered, Coats Group, Ralph Lauren, Pfizer, Procter and Gamble and Apple tomorrow. Wednesday will see Capita, BAA Aviation, BAE Group, Molson Coors, Metlife and TripAdvisor releases results, with a trading statement coming from Next.Aviva, the LSE Group, Inmarsat, Duke Energy, MGM Resorts and Yum! Brands will be on Thursday, whilst Heinz, Essentra and Noble Energy see off the end of the week. Economic calendar - key events and forecast (times in BST) 10am – eurozone business confidence (July): forecast to rise to 1.4 from 1.39. Market to watch: EUR crosses 1pm – German CPI (July, preliminary): expected to fall to 1.9% YoY from 2.1%. Market to watch: EUR crosses 3pm – US pending home sales (June): forecast to fall 1.5% YoY from -2.2%. Market to watch: USD crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Hiscox saw a strong start to 2018, with the insurance firm seeing a 21% growth in gross premiums written for H1. They saw profit before tax rise 21%, to $154 million, with the firm on track to exceed over 1 million customers in 2018. Senior posted a 31% rise in pre-tax profit compared with last year, with the firm trading slightly ahead of expectations. The Group delivered another strong cash performance, with good margin progression in both Aerospace and Flexonics. Interim dividend increased has been raised by 6.8%, to 2.19p per share. Hulamin headline earnings per share for the interim period declined by 77% from the prior years comparative period. Massmart An updated interim trading statement showed headline earnings expected to be between 16% and 26% lowr than the prior years comparative period. Featured Video Please note: 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.

Hey @JohnRoxton - If the original verification is in date we can use that if you are signing up to our Australian office. If the original documents to verify identity have expired we would need to redo the process. However if you are applying to our Swiss office, then verification has to be all new.

Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30 July 2018. 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: Special Divs are highlighted in orange Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount RUSSELL MC US 01/08/2018 Special Div 1.5 RUSSELL JBSS US 02/08/2018 Special Div 2 RUSSELL UFCS US 02/08/2018 Special Div 3 As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.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.