JamesIG
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Posts posted by JamesIG
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Unfortunately you are unable to trade this in your ISA. You can however trade it in a regular share dealing account.
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You can transfer an ISA using links on this page. https://www.ig.com/uk/help-and-support/investments/transferring-investments/how-do-i-transfer-my-investments-to-ig
There should be a tick box on the page which refers specifically to the transfer of cash.
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Some assets such as ETFs are not UCITS eligible which means you are unable to purchase in your ISA. Which asset are you looking at? Furthermore you need to make sure you have complete the W8BEN form which is available in MyIG under 'Settings'.
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Hi @jplarch - unfortunately we don't have any work planned on offering a LISA.
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1 hour ago, TrendFollower said:
Thanks. Palladium is an interesting asset to trade though typical of IG it is showing the following message below:
Closing only: Market unavailable to open
Spot Palladium is a bank / LP quoted price, and their spreads are very very wide at the moment due to recent volatility. It's actually cheaper to trade the future so we set the Spot to closing only. This should save money for clients.
At the time of writing Spot has a spread of 7 points and you then pay overnight funding.
At the time of writing Futures have a 2 point spread and you don't pay overnight funding.Hope this clarifies.
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One of the most searched assets on the IG platform has been Palladium this week, so I thought I'd just give a run down of a few things which may be useful to help your trading. Some of these are basics for the new trader, but there may be one of two things which you find useful.
How to trade Palladium and where to research fundamentals
- FIND: under the commodities section, or using the search at the top
- WATCHLIST: right click on the asset and 'add to watchlist' if you want quicker access to this in the future
- NEWS: start your research on Palladium using the 'News' section at the bottom of the chart, or in the News flyout on the left
- SWITCH: swapping between spot and futures may be useful if you're going for a longer term view
- WORKSPACE: add to workspace to access the chart without using the flyout. Resize as required
- BUY/SELL: if you want to trade immediatly, access your deal ticket here
WTO warns of slow down in trade growth - impact on mining sector
Further reading
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Palladium Price: More Losses Likely as ’Bubble’ Bursts on DailyFX (March 29th)
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Brexit Rumours, Palladium Bubble, EURUSD Outlook - US Market Open on DailyFX (March 29th)
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Community thread on Palladium as below
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Your MT4 account should have a 5 digit login, purely numerical, which we would have sent via email. Please check your junk folder in case the email is in there. If not you're going to need to drop us an email at helpdesk@ig.com with your name, DOB, and address to request a reminder.
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Are Community users aware of our 'Momentum Report' ? May be interesting for some...
"The S&P 500 index reversed back to gains to end the last week of Q1 2019 up 1.2%. This brings the quarterly gain to 13.1%, a record not seen since Q3 2009 and tails the 14.0% drop in Q4 2018. A quarter where investors both bought into the riskier equities and picked up the safer bonds had been characterized in part by the brief returns of a goldilocks situation. This is with inflation pausing, central bankers being supportive and the market looking towards hopes of US-China trade resolution to aid growth. The question going into Q2, however, is whether these gains can be sustained.
The inversion of the yield-curve from the previous week had been one capturing the market’s attention into the end of the month as growth concerns mounted. That said, warnings of over-reading into the distorted bond market warrants the need from us to be cautious and this is likewise for the reversion to normal for the 3-month/10-year yield spread last Friday. Watching the series of economic data in the fresh week as prices on the S&P 500 index remain adrift. In particular, Monday’s ISM manufacturing, retail sales and Friday’s labour market updates will be key to watch for. Amid the backdrop of growth worries, positive readings coming through would be ones to help. US-China trade talks also resume this week in Washington awaiting updates on this geopolitical influence for markets. "-
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Hey - we are looking into the roll out of PRT in the US. Whilst we have an internal road map there are a number of variables / dependencies and therefore wouldn't be able to suggest a date at this point.
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Interesting article I read on inverted yields towards the end of last week. Worth sharing but unsure if you need an FT login. Snipped included in case you do.
https://www.ft.com/content/ee46ac2c-4ca6-11e9-bbc9-6917dce3dc62
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We have a stock screener which you can use to sub categorize by these parameters. You can find it here https://www.ig.com/uk/markets-stock-screener and use the left hand area to refine the stock visible. Is this what you're looking for?
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Ah this is a demo account?
This would relate to the demo issues a select number of clients have been experiencing. I'll make sure to forward on your demo account number.
Alternatively, please feel free to open a new demo account in the 'MyIG' section.
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Hi - I've investigated this further and can see that there was no error on our part. I also believe on this trade you actually made a profit, however the commission on the CFD resulted in a cost to yourself.
I have asked the Trading Services sales trader who you discussed this with previously to contact you directly and look into a one off good will action. They should be in contact immediately
Hopefully this resolves your experience. All the best and happy trading.
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Hey @hariboid - I appreciate that this isn't the single contact resolution you should expect from IG. I've forwarded this case to one of our trading services managers who is going to be in contact directly, as well as review all interactions you've had with our Trading Services team and Corporate Actions teams. They should be in contact with you directly to go over this with you. All the best.
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Hi guys - I've just checked again and we have had a couple of reports come in over the last 24 hours. This isn't effecting many clients so our incident team are on it as a priority. Apologies and I'll try and keep you updated.
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You should be able to see this in MyIG > Settings > Data Feeds
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Thanks for your query. Please login to Community (top right) and then post again and I'll be able to link an account in the back end and assist better.
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US reits do not function in the same way as UK reits and this is a bit of a red herring. Granted its a complex situation, but we are simply reflecting what the company has decided. This is therefore how the US operates, with the company informing Citi, who in turn inform us and by extension yourself. There may be more information on that specific companies Customer Relations or Investor Relations page. The change is cash has effectively gone back to the issuing company.
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I appreciate that the process is sub optimal and I'll make sure to pass this onto our share dealing corporate actions team. I hope it didn't come across that this was the only way, however it is what we currently have in place. The reason for the 32 lines is that they had to contra the associated lines of div adjustments on your account and reflect changes according. As you stated there is certainly a more efficient clean way to update clients on this one, as HL have done. I guess HL have almost 40 years worth of experience in this space whilst our share dealing arm is relatively new in comparison. We shall of course look to continue to refine our offering and iron out instances such as this.
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Unfortunately the only news i have is that we're looking into it. I wouldn't like to speculate further, but we'll make sure it's well marketed when share dealing clients are able to utalise such a function.
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Don't think we've had other reported cases? Do you have the latest version? Have you tried to join via a different connection (e.g. off 3G and try WiFi).
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Apologies it's taken me a couple of days to get back to you on this one.
I have just spoken to our corporate actions team and they have confirmed that this stock has gone through an income reclassification process which the underlying company has initiated. Income reclassification refers to changes companies make to all or part of previously reported dividend income to some other tax classification.
- A dividend is a distribution of a company’s earnings and profits.
- A distribution by a corporation is taxed as a dividend to the extent of the corporations' earnings and profits, and any distribution in excess of the earnings and profits is generally a non-taxable return of capital.
- In some cases, a company may have paid out more in distributions than it earned during the year.
- In this situation, all or part of the distribution may be reclassified from a taxable dividend to a return of capital which is generally non-taxable.
- A dividend may also be reclassified in other ways (i.e. the reallocation of ordinary dividends to tax-qualified dividends or dividends to capital gain distribution (for mutual funds)
This means the dividend adjustment have had to be CONTRA'd and reissued under the companies newly classified valued. It's a relatively complex reason so apologies that it has taken me a while to get this information for you.
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apologies about the delay on this one @hariboid - let me chase this for you.
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unfortunately it hasn't, but thanks for the comment. Passed onto non-lev product owners.
Hopefully this resolves your experience. All the best and happy trading. 
Indices
in Indices and Macro Events
Posted
As an FYI there's a relatively large div of 16.05 points coming out of CAC at the cash close (16:30 bst) today. Ex-div date is actually not until the 2nd of May, however due to the public holiday tomorrow we will be posting it today. Companies reporting are: Peugeot SA, Kering SA and AXA SA.