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LeoTrader

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Everything posted by LeoTrader

  1. I wonder how their UK offering will compare to all the other commission-free UK brokers (I can think of four off the top of my head). Free of fees or not, if your share dealing account isn't in a tax wrapper like an ISA or SIPP then you'll still be liable to pay dividend and capital gains tax on your profits. Of course, Robinhood aren't tax advisers so they don't have to tell clients this. Even though they're late to the UK market, they'll probably steam ahead like they did in the US. It will be interesting to see how/if established brokers respond to the extra competition.
  2. Thanks for your reply, @CharlotteIG. That's good to know.
  3. Hi @CharlotteIG, Out of interest, what would constitute 'large size' on a market with deep liquidity like the FX majors? By advanced orders, do you mean accepting partial fills and/or using market orders over the default 'current price or better'?
  4. Not just me then. @Bambam, I haven't contacted IG about it as it doesn't prevent me from trading and I doubt anything would be done about it in the short term. I just wondered if other platform users were also affected. Also, IG staff read the forums so will know the issue exists. @ChrisN, I think it is a bug. I hope so, anyway. It's a rubbish feature update if not! @RedEyedJoe, I did find them useful so the sooner they're back the better but it's no biggie.
  5. It's definitely on. I have the feed displayed with the 'All' tab selected to display both tweets and notifications. I can see lots of tweets but no dealing notifications. They don't show on the 'Notifications' tab either. Dealing notifications are switched on in the account settings and I'm still receiving push notifications to my phone.
  6. Normally, dealing notifications (for when a trade opens or closes) appear in the notifications feed on the right-hand side of the web platform, along with financial tweets. For the past few weeks I've not been getting any dealing notifications, only IGTV alerts. Has anyone else got this problem or is it just me?
  7. All these replies only showed after I just posted. What @BigDeal said!
  8. Exactly. I recall an explanation from IG on how they operate; whereby long positions are matched with clients' short positions, thereby 'hedging' internally without needing to go to the underlying. When clients' positions in aggregate are mismatched by a certain threshold, it exposes them to risk, which they then hedge in the underlying market to cover their own risk. I doubt that happens every day though. Stop right there. If you had £1,000,000 in your account you'd be on the B list, so definitely hedged!
  9. I'm a little confused by your reasoning on the count of the contradictory statements in your post. With the above being the case, by what mechanism does the following scenario work? If the counterparty of retail traders is their broker then their trades are settled in a pool not connected (and of no influence) to the underlying market. So how then, do retail traders drive the price of oil up and provide volume to professional traders?
  10. I completed the Investment Trends annual Investment and Trading Survey through the link in IG's invitation email before the 19th May deadline, but I haven't received an email about my chosen rewards for doing so, nor a confirmation email following my submission. This was a few weeks ago now. The email said everyone's a winner. I don't feel like a winner. I spoke so highly of IG as well! Rewards included: Has anyone else who took part heard anything back?
  11. All of the options available on the old platform are available through the new platform by clicking on Options (the one above Knock-Outs), although they are presented very differently. I think (not 100%) you can only access the old platform if you were a client before the new one superseded it; newer clients won't have that option to launch it, @Caseynotes.
  12. For stocks, Finvis and TradingView both offer free screeners which I've found useful.
  13. Very true. There's definitely a long bias amongst traders, collectively speaking. Even when an uptrend has technically reversed, many will refuse to go short but won't hesitate to go long at the mere hint of a new uptrend. The bears capitalise on this during a long squeeze and that's when we see markets unwind so rapidly. Those big red candles, that's bulls' blood!
  14. Regarding overnight funding charges, there are two sides to the coin. A few weeks ago I had DFB positions on Silver and EUR/USD which both ran for weeks. Because I was short, I received the daily funding as a credit to my account each night. If I had been long then I would've been debited, but then I wouldn't have traded the spot price for positions open that long. Of course, not all markets pay out a funding credit for trading in a particular direction, so it's important to check the rates first. Exploiting this to your advantage is something all traders should consider when planning to hold a trade overnight, just as @TrendFollower says:
  15. UPDATE: All push notifications are working again for me. If this was due to staff intervention then thank you. I hope a permanent fix comes soon.
  16. I've had a similar problem since Monday (10th Dec). My indicator alerts are working fine but the mobile push notifications I have switched on for when a trade opens and closes haven't been working this week. I often (try to) rely on them so it's frustrating when they suddenly stop working. From my experience, they stop working quite often and then make an unannounced return when they feel like it. I hope they're not gone for too long this time.
  17. Thanks @JamesIG. That'd be much appreciated.
  18. Hi, On the History tab on the new platform, it is limited to showing trades closed in the last 24 hours. I would find it so much more useful if this period could be customised. As a day trader, I usually only want to see today's trades at a glance without having to go to My IG to see my full trading history (where the period is customiseable). Currently, I'm forced to see some of yesterday's trades (progressively dropping off the list as the day goes on) as well as today's. My second suggestion would be to include a P&L total of the trades closed during the chosen period. If I remember correctly, there did used to be one for a while until it disappeared. These two simple functions would make the platform much more useful and seamless, IMO.
  19. You might find this article of interest, @cryptotrader. EM might not be the best investment if the USD continues to appreciate, according to this guy: The Dollar Is The New VIX - Forbes
  20. @Tancredi has beaten me to it! ? That's all the email says, @Caseynotes. No explanation given. Have you traded knock-outs? Perhaps the email only went out to clients who've traded them. Just a thought. I completely agree with you. I think you'll find much of the same with any broker operating from the EU.
  21. I think so, @Caseynotes. The change is that the minimum 'knock-out level' is much further away; the distance from entry (in percentage) now matching the margin requirement of a spread bet for the given instrument.
  22. Re yesterday's email about the changes to knock-outs, with them now requiring the same margin as a standard spread bet, there's very little reason to trade them. They're now inferior to a standard spread bet (no customiseable/closer stop, market orders only, higher minimum position sizes). I assume IG's hands are tied and have been forced to make these changes to adhere to ESMA regulations. Such a shame. R.I.P. knock-outs.
  23. @joeybageyes, @JamesIG, I view the live shows on the IG website at https://www.ig.com/uk/live-shows, which I have bookmarked. A few minutes before a live broadcast, the video player automatically starts counting down. If you miss a show, you can also view previous shows going back six weeks. Hope this helps.
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