Giddo

Mak, You forget you are spread betting. You are not selling the option....you are betting on the price of the option. If you sell Dollar/JPY....do you receive yen? Of course not, be cause you are betting on the movement of the price, NOT trading the underlying. Best of luck.

Josh, I have been trading with IG for well over 20 years. Whatever you think, they are the best of the providers. You have to remember they themselves have to conform to the restrictions imposed on them by the Regulators (SFA in order to protect customers from large losses. You will find that if you can prove to them that you have the money to fund worst case scenario losses, you will be able to do pretty much what you want. Trading strategies can work well in orderly markets, but very badly in disorderly markets as we saw last week. IG have to know that you can look after yourself in disorderly markets as well as orderly. It is their duty imposed (rightly) by Government regulators.