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JamesIG

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Everything posted by JamesIG

  1. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 24th June 2019. 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: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your account. Special Divs are highlighted in orange. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount AS51 BWP AU 27/06/2019 Special Div 1.56 ESTIMATE TOP40 TBS SJ 26/06/2019 Special Div 30600 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 affected, 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.
  2. I ask about academy because there is a specific course for exactly what you are asking questions about... Also, whilst @ha05230 has provided a worked example (thank you for that one @ha05230) there are other things to consider. For example having a 10 point spread on an asset worth 100p is huge, and if the ABC stock is the same asset on the share dealing example then you would immediately be down by £100 on that example as well. If you're leverages 5:1 on the spread betting side then yes, of course the initial value would be 5x (as everything is 5x, including any profits or losses). That is of course only if you are referring to margin of £1000 on SB, rather than a notional value of £1000. When it comes to cost the charge to get into and out of a share deal is £8 each way, whilst with SB there is a 'cost' incorporated into the spread of 0.1% of the notional. This is the easiest way to think of the 'cost'. As I read this, it doesn't really make sense. There is no sweet spot for what you're trying to do.
  3. https://www.cnbc.com/2019/06/19/wall-street-economists-weigh-in-on-wednesdays-fomc-meeting.html
  4. have you been through all courses on Academy? https://www.ig.com/uk/learn-to-trade/ig-academy
  5. Tentative consensus is an unchanged rate range of 225-250 bps, the CME currently gives a 20.8% (FF 19.7%) probability of a rate cut: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html Also check out the IG dealing platform news and analysis section for up to date information on the rate decision, and also the right hand twitter feed for immediate updates.
  6. I'm not entirely sure what you're asking. £1 a point (where a point is anything to the left of the decimal place) = 100 shares on a UK listed equity. With DS Smith at 360p right now, if you traded £1 a point on SB you'd make or lose £1 if it went to either 359p (down) or 361p (up). This would have a notional value of £360, which is the same notional value if you bought 100 shares via a share dealing account. If the stock went up 10% on both the share account or the SB account, you share dealing position would be £36 in profit, whilst the SB would be 36 points up, at £1 a point is also £36. The difference is to open the share position would require £360 of cash, whilst the SB would only require £72 (assuming a 20% margin requirement). Furthermore SB is tax efficient Share dealing commission is £8 in and £8 out, whilst SB would be incorporated into the spread. Looking at this example right now, the spread is 0.36 points in and out, so 72p around trade as a 'cost'. SB has overnight funding costs to maintain the leverage trade.
  7. Hi @mykig - thanks for reaching out on the Forum. I've just had a look at the correspondence linked to this Community login and I can see that you did message us regarding MT4, however we emailed back within 3 hours with an answer and a link for any further information you may have found useful. Unfortunately with over 195,000 clients with hundreds of new applications a day and many, many more demo applications, it isn't realistic that we can provide a dedicated one on one service - there just isn't enough hours in the day! What we have done is create a number of assets such as web pages, videos, Academy trading courses, the Community and the Help and Support hub, IGTV, and a number of other scalable support areas to help. As noted we unfortunately do not support MT4 for Mac, however you can use this guide if needed https://www.mql5.com/en/articles/1356 and as Caseynotes said, there are a number of helpful guys on Community.
  8. @nit2wynit - check out the following for an overview of SB Vs Share dealing: https://www.ig.com/uk/spread-betting/spread-betting-vs-share-dealing There is an example of Barclays which I've included below which you may find interesting and a little clearer. The share dealing fee of £16 is a round trade of £8 in and £8 out. The Spread Betting cost is incorporated into spread price. You can also check out the 'Spread betting examples and calculator' section for more examples on this page: https://www.ig.com/uk/spread-betting/how-to-spread-bet
  9. hmmm, I haven't heard any other issues from Clients on this one. Please can you make sure your Community settings are correct via this link: https://community.ig.com/notifications/options/ ?
  10. Also note the spread is within the deal ticket (example below)
  11. We take the underlying exchange and liquidity providers price and feed them into the platform (with our spreads) so if a stop or limit is ever triggered and you wanted to question it please get in contact and we'll be able to provide independent third party evidence (e.g. Bloomberg or exchange data from the NYSE or LSE for example). While it is a well-known fact that successful trading can be challenging, we do not typically benefit from trading losses that an unsuccessful client may experience. In the same vein, if you make money from a profitable trade, IG does not typically lose out. Put simply, we want our clients to trade profitably, and it goes without saying that we do not manipulate price feeds or widen spreads unnecessarily. If you would prefer to deal directly in the market for FX or shares then you can use the DMA functionality to place orders on exchange (for example NYSE, LSE, or via Forex Direct). https://www.ig.com/uk/shares/shares-dma https://www.ig.com/uk/forex/forex-direct
  12. There is no way to make sure the spread doesn't change. It's important to note that spreads can widen at any point, especially over market swings or high volatility events. I'ts important to take this into consideration when trading. Are you referring to 'Guaranteed Stops' or something else?
  13. Those on the dealing desk / trading services team will be able to see these, however other individuals in the OTC market (i.e. other clients of IG) will not be able to.
  14. When you are trading on shares there is a chance of a variable spread. Any IG spread is a fixed percentage wrapped around this underlying market. Spreads are variable because this is a free and open market where buy and sell prices are dictated by those who are willing to buy and sell at that specific value. This is not a feature of IG or our platform, but rather the underlying global market. If you're a mulit-million dollar hedge fund manager in the US or a retail trader buying shares via IG in the UK, both would be subject to such an event. We have a wealth of information and education on trading available on IG. Please make sure you are fully aware of how the underlying market works and any risk/reward which comes with leveraged trading. It may be worth checking out our Academy area here (and on mobile) https://www.ig.com/uk/learn-to-trade/ig-academy
  15. Hi all - just a note that we've created a specific bitcoin halving events page which you can see here. This will likely be more for clients who are new to trading bitcoin with IG, or are newly interested in the bitcoin halving event which is likely to take place in May 2020. To make sure we've not been left out we have our own BTC log scale showing the cryptocurrency price over the last couple of halving events. Over the next 18 months or so we will be putting out a number of interviews, videos, podcasts, and content pieces which may be more relevant to those on Community. I'll make sure to update you all.
  16. There is a futures market for IO as you can see below. At the moment we are using the most liquid Sep and Jan contracts to price the undated which you can read about here https://www.ig.com/uk/commodities.
  17. The market will need to be open to receive an RSP or 'At Quote' price.
  18. This will depend on your personal settings. Please check out My IG > Settings > Rollovers and make the appropriate choice based on your preferences.
  19. In the past we have given more accurate dates, however as with all development road maps as the strategic direction of the company changes (due to a change in regulation, higher priority given to new legal obligations etc), delivery dates also change. Over the last few years due to significant changes in global regulation we unfortunately have had to push back the original delivery date of things such as DRIP and the new share dealing platform. It is something we are working on, and something we shall be communicating to all clients in due course. I appreciate this isn't as accurate an answer as you were hoping for. I use the IG share dealing platform personally as well, so believe me when I say I agree with your interest in seeing the update.
  20. It would be financially advantageous to use spot in this instance as the spreads are smaller. You'll generally find that the further out you go the larger the spreads irrespective of the broker as the market is less liquid. With IG we also incorporate funding into those longer dated futures as you're borrowing funds to maintain the position for a longer time period as well.
  21. Make sure your MT4 platform is up to date From July 1st, 2019, MetaQuotes (the company behind MT4) will end support for all MetaTrader 4 platform components below 1170. Old terminal versions will not be able to connect to broker trading servers, while servers running under old versions will no longer receive updates. You need to make sure your build is version 1170 or above which was originally released on December 20th 2018. How to check your MT4 build version If you are unsure if you are affected you can check this by going to the MT4 platform and then going to ‘Help’ and selecting ‘About’. On the bottom left you will see which ‘Build’ version you have and the date the software was published. How to upgrade your version of MT4 Run MT4 as administrator by right-clicking on your desktop icon, and click “Run as administrator”. Then when MT4 is opened, you will be prompted to complete a LiveUpdate. If you are looking to update your mobile application simply update the app as you would with any other app. Any question? Just ask
  22. Just had a look at a few of these and TF is right. It's worth noting that we can't offer OTC stock either as they are not centrally traded. Requirements as a general rule as market cap of $250m for US stock and £10m for UK.
  23. Just had a look at this one and can see the MCap is $85m which is unfortunately short of our 250m requirement for American equities (i.e. is is too illiquid and has a small market cap to offer on leverage trading accounts). You can however own this stock outright via a share dealing account.
  24. This should help - all the best https://www.ig.com/uk/help-and-support/accounts-and-statements/my-accounts/what-is-a-professional-client-and-how-do-i-become-one
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