Jump to content

knicol46

Community Member
  • Posts

    40
  • Joined

  • Last visited

  • Days Won

    3

Posts posted by knicol46

  1. It is also possible they have you listed as a 'professional' or 'corporate' user that would attract the higher fees.  Send the screenshot to IG they should amend.  The cost for L2 UK normal retail client is the £7.20 per month (as of 5 Oct 2020 anyhow).

    • Like 1
  2. 4 hours ago, agr100 said:

    Are those still the the datafeed costs for you?

    I opened a account with IG very recently and was told by support, before opening, that L2 for LSE was GBP 7.20 per month. But now that I want to activate it it is asking for GBP 207.07. You can see below. And IG has not been able to tell me what is going on.

    image.thumb.png.ae4692e30ebfc8690e4072c2889e784f.png

     

    Can I ask which country you are in.  I notice all L1 & L2 rates have been multiplied by different amounts as if it is quoting amounts in your local currency as a possible reason.  Try logging out/back in and even selecting L2 UK to say what the total monthly fee box says - do not submit to accept.  If still no answer forward on a screenshot to IG.  I am viewing the default screen showing £7.20 cost for L2 LSE UK.  

  3. 2 minutes ago, Caseynotes said:

    Thanks, I don't use this but is it the case that if there is no increase in cost between Level 1 and Level 2 it means that there is no L2?

    There is L2 - you will need to ask IG why they charge the same for L1 and L2 on some exchanges

  4. 31 minutes ago, Jwilsh said:

    I am having the same issue with a demo account. Is it necesary to have a live account in order to activate the different data feeds?

    yes - as they have to take the payment from your account with a balance in it

  5. You will see the message exchange check if you attempt to do 2x buys or 2x sells of the same stock within 30 seconds of each other.  30 second gap is needed to allow the exchange to move their position.  Worthwhile logging out/in or refresh your log in page if you are still getting the error message.   Make sure the stock your attempting to trade is actually open as that can cause an exchange check error message as well.

  6. Synairgen is a market maker stock and uses the SETSqx trading system.  There is no order book.   Any limit order would only execute if a matched limit order was uncrossed and executed at auction uncrossing times.   These are 0800, 0900, 1100, 1400 and 1635.  Even though you wanted to sell @ 175p and if the sell price was say 200p+ it would still not automatically execute if using limit orders - only if your trade was uncrossed (not crossed out) at auction uncrossing time would it execute.   

    https://www.lseg.com/sites/default/files/content/documents/LSEG_SETSQX_FACTSHEET_1.PDF

    • Like 1
  7. If you log into the web platform and open the platform.  Choose My Account (top right) then select 'Data Feeds' on the left hand side.  Select which data feed you require and submit.  Do note - the fees I believe are taken instantly to cover for the rest of that month and on the 1st of every month, so may not be the best option if near the end of a month.  Some data feeds offer a rebate if doing 1 or 2 trades over the month.  

  8. If you log into the web platform, select My Account (top right), choose settings of the box that just opened, then preferences, under session inactivity change it to 12 hours if preferred - choose set preferences.

    This will keep your session active for 12 hours.  If your internet disconnects for whatever reason sometimes you have to log back in regardless.  

    • Like 1
  9. To become a more successful trader you will unfortunately have to experience what its like to lose money on trades.  You will then learn from your trading of what just happened and change your strategy to become better next time.  You can always practise from a virtual or demo account - but be realistic and input figures and trades you would have actually traded for real.   

     

    Always only invest money you can afford to lose - assume when the trade is placed, you lose 100%.  Do not place the trade if you cannot accept that.    Anything you gain then is a bonus. 

     

    Understand the fees/charges your broker charges and possibly try different platforms to see which one works best for you.  If you are trading you can end up spending a lot of time at a pc screen(s).  It would be wise to invest in a comfortable seat and take regular air breaks throughout the day - step outside for a few minutes.

     

    How to make money from trading is simple BUY low, SELL high!  Through time you will learn how to get it more right than wrong.  I have my own trading strategy that works for me but everyone else has their own methods and ways of trading.  You learn and use your own then you will be dedicated to learn more.

     

    good luck whatever happens     

    • Like 1
×
×
  • Create New...
us