Has there been a big Increase in margins for CDF trading since last week ? Only started Monday 29th.
When I try to put on a IG CFD trade or order I get a huge increase in margin charged.
For example , when trying to place a Buy for 1 position on the US 500 , the dashboard shows Size 1 AUD $1 per point , pts away minimum 3. But when I put in a stop of 10 or 30 etc I get the same charge of A$198.65 (NZ$216.68)
Why this huge increase in trading margin charged when this is not shown on the pts away minimum ?
I this is a new IG policy , this will end my trading with IG. It makes swing day trading unworkable.
Do other IG CDF traders have the same issue ?