Okay I see what you guys are saying - but why deny someone who has a 'controlled risk' account the ability to trade this stock? I can see volatility will have something to do with it, but the reasons still remain unclear.
The bottom line is IG Index aren't taking trades on this product which is annoying. I phoned ENspreads and Capital Spreads and their dealers are accepting trades on this stock. So - just a case of IG Index exercising their discretion on this one. I guess also another reason why its good to have...
IG Index has just rejected a deal on Encore Oil.
I decided to take a position on Encore Oil after reading that the company is likely to announce some good news on its Varadero well.
However the response I get on opening the deal is "We are not taking opening deals on a Controlled Risk basis...
On the point of WorldSpreads - you need to put down a big deposit to be eligible. I actually fail to see what the point of 0.8 point spread and a 1 point spread is. Just a marketing ploy.