jimmy4876
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Posts posted by jimmy4876
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Yes you are correct but the FTSE could drop say, 1000 points before it goes back up to 5500 or even 5600. Just as you may gain £1 per point above 5500 (after you cover the spread) you will also lose £1 per point below 5500. If it were to drop 1000 you would be £1000 in the hole. If you do not have those funds on your account IG will ask you to top up or close your position.
If you have a limit stop set your position will close automatically at 5600 yes.
Hope this was helpful.
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Question: Spread betting margin call calculation
in New to IG Community
Posted
You will get a margin call when your available balance goes below zero. Available is [FUNDS - MARGIN - P/L] if P/L is negative.
Hope this helps!