Recent content by gand356

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    Opening UK broker account for spread betting - wealth requirements?

    Thanks Ross - does anyone know what ''non editable format'' means regards verifying a bank deposit (statement) https://www.ig.com/uk/help-and-support/deposits-and-withdrawals/withdrawals/how-do-i-verify-my-bank-deposit-or-card- - does everyone leave their current account balance showing - is...
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    Opening UK broker account for spread betting - wealth requirements?

    Hi - similar to the op - does anyone know what the wealth requirements are for IG or CityIndex in the UK - is it a salary of £ 15,000 ? - savings of £ 5000 ? - do they ask for bank statements to show current savings etc? - anyone applied in the last 2 years or so - thanks
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    Margin Closeout 50 %

    Thanks Mysteron, that explains it - is there any typical scenarios in which that could happen? I guess that means you can't open multiple positions on a small account
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    Margin Closeout 50 %

    Hi all - new trader looking for help - can anyone explain the 50 % closeout rule (UK/Britain focused) - for example - with a small £ 1000 spread betting account: - 30:1 Forex pairs EUR/DOLLAR - 1.0984 £ 1 per pip quantity Initial Margin to open position - 30:1 - (3.33 %) - 333 x 1.0984 = £ 365...
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