Is there an account/trade size limit??

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Old Jun 22, 2009, 5:17pm   #1
Joined Jan 2009
Is there an account/trade size limit??

Hi all,

This is just something that entered my head last night as i lay there thinking about trading (i do that a lot!!) and i said i'd put it to you guys. is there an upper limit that a spreadbetting firm will allow you to have in your account? currently im with IG Index and unfortunatley i have no such problems with upper limits ect because i'm just not that good....yet!!
what i mean is lets say over time you consistently built up your account and therefore the amount that you were able to risk per trade, lets assume your account hit £100,000 and trading with 5% of your account per trade you'd be placing £5000 per trade, would a normal firm accomadate this or what is one supposed to do if they are good enough to build their account up to these kind of levels?
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Old Jun 22, 2009, 5:21pm   #2
 
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i read in the paper that one of alan sugars interview guys for the apprentice put a spreadbet on and lost 100s of millions of pounds, so it must have been huge £ per point.
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Old Jun 22, 2009, 5:23pm   #3
 
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When I was spreadbetting with interactive investor they had an upper limit of £2000 per point.
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Old Jun 22, 2009, 5:24pm   #4
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Originally Posted by cloud321 View Post
i read in the paper that one of alan sugars interview guys for the apprentice put a spreadbet on and lost 100s of millions of pounds, so it must have been huge £ per point.
Wow! so maybe it is possible, like i said its not something thats bothering me right now, just something i was thinking about.
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Old Jun 22, 2009, 5:26pm   #5
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Originally Posted by megamuel View Post
When I was spreadbetting with interactive investor they had an upper limit of £2000 per point.
ok so there is such a thing as an upper limit so, thats interesting. i wonder what do all these big shots and super traders that you often hear about do when their account reaches such a size??
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Old Jun 22, 2009, 5:27pm   #6
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ok so there is such a thing as an upper limit so, thats interesting. i wonder what do all these big shots and super traders that you often hear about do when their account reaches such a size??
open several accounts?
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Old Jun 22, 2009, 5:27pm   #7
 
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Dma
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