gezmond
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Posts posted by gezmond
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Sorry Amavi ,
as I said above “ I would say you have until midnight on the 5th April to put your money in for this tax year “ .....
“ . Then from 6th April onwards you can put in next tax years allowance and use immediately “..
Unless I’m mistaken you are saying you have put this years allowance and also next years as well?..so you have put twice as much as allowed in the same tax year...My ISA is with H Lansdown and won’t let you put in additional cash in the same tax year
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Agreed Anavi it is poor, I believe many brokers are the same at the moment to varying degrees...As the new tax year starts on 6th April UK , I would say you have until midnight on the 5th April to put your money in for this tax year and once it shows in your acct you could use immediately . Then from 6th April onwards you can put in next tax years allowance and use immediately
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Hi Kkr , as you suggested yourself, much quicker to sell in Halifax and put money straight into IG ISA...no idea why its suggested to go the long way round and have extra time /hassle and admin?.....
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i’m assuming that £408 is just your “running loss” ie if you closed the trade now you would lose £408 ....aren’t cfds 10 contracts ? (so to me it looks like you paid 56.5 x 10 =£ 565) and if you close / sell your call now you get £157 back (565-408) if you click the drop down arrow at the top of screen next to the £5,379 it will have some more info...hope that helps...
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unfortunately options on individual shares are dealt by phone only ...only indices, fx, commodities online....if you only want share options, there are numerous brokers eg tastytrade, firstrade, saxo, interactive brokers etc
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Hi ,
I have been spreadbetting options on indices and commodities (rather than cfd and fx,but i think the same reasoning applies)
I think what may be happening is that until the trade is over, you haven’t actually “paid” for the trade , so you are just using some margin to keep the trade open. When you reach expiry you shouldn’t lose more than the premium....can you post a screenshot?
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Agreed Captain Samurai,
but only if you are not trading with any leverage
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Sorry, Scrawford , I don’t know if there are any demo accts on such platforms
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Yes Twinsignals you are correct , as it says sharedealing at the top of your screen, it is different to a cfd/ spreadbet account ...I don’t know much about SPAC investments
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yes, If I remember correctly its something like :- over €500,000 in assets and have carried out 10 significant transactions ( whatever that means)a quarter over last 12 months...
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you can buy shares with IG on their sharedealing or isa account,( this is totally different from the cfd/spreadbetting account with ig)..also as i posted earlier , trading 212, hargreaves lansdown , freetrade etc there are many others...if you are dealing very small amounts, freetrade and trading 212 have no commission so maybe more cost effective , If you are dealing in maybe £1000 + amounts maybe ig would be ok...(i think its £5 commission) other investment platforms cost maybe £10 to £12 commission to buy and sell shares. I have only experience of using hargreaves lansdown and ajbell...
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yes it should be similar result at expiry imo, ig is commision free but will have a wider spread and you get the credit at expiry (or if you close early) if the trade goes in your favour.....as you say, saxo gives credit upfront , but you pay commission for opening and closing the trades.....saxo however is quite expensive vs interactive brokers, tastytrade , firstrade etc
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In my first post, I was suggesting buying or selling shares to gain some investment experience (if you haven’t traded or invested before) using an investment platform rather going straight into spreadbets/ cfd (where you don’t actually own the underlying shares) . I have only used cfds in the demo as I dont want to pay tax on any profits. I only trade options with ig spreadbets ( rather than trades based on individual shares).
Most of my investments are in a stocks and shares isa
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sorry , I didn’t explain myself very well, the point I was trying to make was that spreadbetting as well as cfd (as they are very similar) are both high risk vs investing in shares ....
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if you are uk based, I believe binary options are illegal?...
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in ig you are basically betting on the price of options and not buying or selling as in an option broker account, which is why the trades are cash settled and you can’t exercise the options, but you can of course close the trade anytime you want before expiry
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Sam, if you are new to trading/ investing please dont start off spread betting, why don’t you buy and sell, shares first, either with ig. trading 212, hargreaves lansdown etc to gain some experience. ..the warning that over 70% of spread betters lose money is there for a reason....It would be a shame if you did end up losing money....
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as you are not strictly selling an option in ig , you are betting on the price of an option which is a subtle difference.....however to answer your question, you only get the premium at expiration or if you close early when trade has gone your way...the running profit/loss of the trade takes the premium into account....as you say, with a regular options broker, you receive the premium from selling options upfront
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if you are buying us stocks
firstrade (a us broker) have commission free stock and reinvestment dealing...
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you are correct, there is no facility to do,this
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you only get the premium at expiration (or if you are in profit, you can close earlier)
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if you sell put options where your cash covers the price going to zero, you are effectively selling cash secured puts as in a traditional options trading account and therefore not using leverage
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Hi Cperry, in my opinion its not cost effective putting such small amounts into individual companies......I think ig charges £3 commision only if you have placed 3 or more trades the previous month, otherwise the standard £8 commission applies. So if you only invest £100 pounds the commission 8 + stamp duty 0.5% means as soon as you buy the shares , you are 8.5% down......so just to breakeven you have to make up this loss. Even if you trade regularly and get £3 commission its 3.5% down. compare with investing £1500 (with £8 commision and stamp duty) you would only be charged about 1% ...
on small amounts, freetrade or trading 212 would be better as there are commission free...and one or both of these platforms allow fractional trading
re us shares, if you have 14 companies in mind, surely you know if its american or not without checking?
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you can trade call options via spread bets ( but only indices, commodities and fx) with IG ...individual share options spreadbets phone dealing only..... saxotrader, tastytrade, interactive brokere and others will allow option trading (rather than betting)
Where to find the classic platform?
in New Client Trading Questions
Posted
theres a search at top of my screen ‘IG community Activity Search”
occasionally when i’ve logged into my account It has gone to classic version , but I haven’t seem options there Except for the few us earning season options , all other stock options are phone only...