I’ve opened an ISA trading account and I have a few question before deposit funds.
1.Is there any margin call in this account or can a trade be closed or reduced if a trade declines? If not does the value just drop proportionality?
2. Can profits be withdrawn on an open trade?
3. If the maximum of £20k is deposited and u make profit can more than £20k be traded on further trades and if so is the sum more than £20k taxable if profits are made?
4. When opening the ISA account I had to open a share dealing account, what was the reason for this and do I have to use it?
Thanks in advance