[Dividend Adjustments 17 Sep - 21 Sep]

22 hours ago, Greeno55 said:

Hello What are the expected values for 24 to 28 September please

apologies for the late post - you can see this below

 

[ECB and BoE Rate Decisions, New Territory in Trade Wars, Global Political Risks - DFX key themes]

 

[ECB and BoE Rate Decisions, New Territory in Trade Wars, Global Political Risks - DFX key themes]

Thanks - unfortunately this isn't something we can offer to clients at this time as it's relatively manual and requires submitting source code, but appreciate the feedback! Stylistically i think they work very well  

[Inside the LME - the last of the 'pits']

2 minutes ago, Caseynotes said:

Thanks for the post @TimP, for some reason I couldn't get the video to load (anyone else? or just me).

Hmmm - Just tried on two seperate accounts and seems to be fine. It's hosted on vimeo here if you want to try that. 

[China trade war escalates - EMEA brief 23 Aug]

It’s the Summer Bank Holiday in the UK on the 27^th August, so I just wanted to lay out the changes to our trading schedule as below (all times in UK time).

Monday 27^th August

• UK equities, index futures, soft commodities and interest rates will be closed.
• We will be making an out-of-hours price on the FTSE 100 until futures re-open at 01.00 on Tuesday.
• Brent Crude and London Gas Oil will be open as normal.
• New York Cocoa, Coffee and Sugar contracts have a late open at 12.30.

[How will the new ESMA rules affect my IG account?]

Hi @rms83 - I believe one of our support guys, Will, emailed you directly this morning. Please keep and eye out for it in your registered email address. Thanks. 

[Dividend Adjustments 30 Jul - 03 Aug]

9 hours ago, Guest Paul said:

Current weeks data?

Hey - this was posted yesterday AM - as below. thanks.

 

[ESMA margin rules from July 30th]

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.

[ESMA margin rules from July 30th]

1 hour ago, Guest Nick said:

Does this mean that as soon as your available balance goes to a negative value, positions will be closed?

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. 

[ESMA margin rules from July 30th]

On 7/29/2018 at 8:58 AM, Guest Stephen Buckley said:

So there now no point in guaranteed stops or limited risk accounts any more

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. 

[ESMA margin rules from July 30th]

The new close out rules will apply to pre-existing positions. 

This is also for the account as a whole. As you stated, your example would be correct. 

[How will the new ESMA rules affect my IG account?]

I've received a number of queries and PM's relating to our European and Australian offices which I thought I may help clear up here. As previously stated, some of IG's international offices (and by extension accounts opened through those offices) will not be affected by ESMA. The same goes for professional clients. 

Will I still be able to call the UK office if I open an account in Australia? 
We have native English speakers in many of our offices, most notably in the UK, Australia, South Africa, Singapore and Dubai. This means that if you are a UK resident, but hold an Australian account set up though the IG.com/au website, you would still be able to call the same UK phone dealing number and speak to a UK, London based dealer or client services employee from 7am through to 9.30pm London time. You would receive the same level of service, irrespective of whether you had a UK account and/or an Australian account, and all IG dealers from all our international offices would be able to help on any account type. 

Do UK spread betting and Australian CFD accounts allow you to trade the same markets?
The majority of the markets you trade will be exactly the same irrespective of where you hold an account. If you opened an IG account in Switzerland for example, you would still be able to deal on the FTSE, UK stocks and shares, and all the same future markets which you currently have access to. 

What are the differences between CFD and Spread betting?
Spread betting and CFD trading are both leveraged products – enabling you to open a position while putting up just a percentage of the capital. Though they share many benefits, there are key advantages unique to each. You can check out more using the links below.

Comparison https://www.ig.com/uk/spread-betting/spread-betting-vs-cfds
What is CFD trading? https://www.ig.com/uk/cfd-trading/what-is-cfd-trading
Examples https://www.ig.com/uk/cfd-trading/cfd-trading-examples
Benefits https://www.ig.com/uk/cfd-trading/benefits-of-trading-cfds
How CFDs work https://www.ig.com/uk/cfd-trading/how-does-cfd-trading-work 

Can someone give me a CFD trade example relating it to Spread betting? 
Put simply say you trade $10/pt on oil via a spread bet. If you're looking at trading a CFD, rather than bet a 'per point' value, you would look to buy contracts which have predefined values. Say a contract in oil had a contract size of $10, you would only buy a single contract. In both examples if the market moved a single point you would make/lose $10. If you only wanted to make/lose $5 per point movement you would look to buy half a contract. Check out the examples here: https://www.ig.com/uk/cfd-trading/cfd-trading-examples 

[How will the new ESMA rules affect my IG account?]

On 7/25/2018 at 11:13 PM, Guest Cass66 said:

What does negative balance protection mean? Can you give a worked example with all the math and stuff - a before and after...? 

negative balance protection for retail accounts means you account as a whole  can't go negative. For example, imagine you have £1000 in the account and open a position which requires £300 margin. The market moves against you by £700 worth over the course of a few days so you're about to start eating into your margin. 

If the company released figures overnight and they were bad and the market then gaps down by £400 worth, IG would automatically close your trade at the best available price because you can't maintain the losses, but previously your account would be seeing a £100 debt. Negative balance protection dismisses this and you would just have a zero balance. 

[Chart updates, crypto pairs, and weekend funding]

Thanks all for your feedback - any additional suggestions I will add to the end of month report which i send to product owners and developers. No word on OCO orders at the moment I'm afraid but I shall pass this on as well. 

[Theme overload, Fed's Powell's testimony, China data - DFX key themes]

Trade wars continue to be a key theme this week, and our very own IGTV have a video which you may be interested in, especially if you trade emerging markets. Check out the interview from Brock Silver, managing director at Kaiyuan Capital...

 

[Tariffs spook markets - EMEA brief 11th July]

I've just spoken to our TV team and we are scheduling in a flow piece with Blackrock for Monday (we'll call today to confirm). Keep an eye out and I'll try and remember to post to Community. 

[Trade wars, brexit and the Fed - DFX key themes]

Thanks all - for clarity, as a one off (whilst I sorted out permissions and 'blog write' access) John permitted me to post this on his behalf. Also it's worth noting that moderator access allows you to schedule posts. Going forwards this content will be posted by @JohnDFX and is likely to be posted over the weekend  

[Dividend Adjustments 25 June - 29 June]

@owenb1979 you can use the following link which may be helpful.

https://www.marketindex.com.au/upcoming-dividends

 

[EU joins trade war - EMEA brief 21st June]

IGTV now broadcasting live over the BoE announcement. 

Join Jeremy and Chris via the 'in browser' viewer.