Algo stopped Position closed

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Viewing 15 posts - 346 through 360 (of 419 total)
  • #251964

    I currently have a spread of 1 point on the DAX spot price of €1 during trading hours… but it’s been like this forever. German IG account.

    Spreads now for DAX 1 € :

    Germany : 1.0

    France : 1.8

    Switzerland : 1.4 or 1.8, depending on the contract (there are 2 different 1 € contracts now)

    #251965

    Netherlands is also 1€. Well, it was last week. I suppose that did not change.

    Edit : Yes, it is still the same. Mind you, at this time (I don’t know about evenings or early mornings).

    #251966

    How big is the margin in the Netherlands ?

    In Germany, it is 5%, in Switzerland 0.5 %.

    #251967

    ok, so I am located in austria, and what IG platform shows for me “today” for dax during main trading hours is:

    spread 1.00 pt for 1EUR contract, and 1.40 pt for both 5EUR and 25EUR cfd contract.

    first: this 1.00 for 1EUR contract shows since last week or so, before  = after beginning of current desaster = it was showing 1.80, and before beginning of current desaster it was 1.40 for several year. last time it was 1.00 it was – I think – before the covid.

    second: it was never (last 15 years or so) the case until currently that spread was different for 1/2/25EUR contracts.

    can somebody explain it to me? please don’t.

    1 user thanked author for this post.
    #251968

    … I meant 1/5/25EUR contracts. sorry for typing mistake.

    anyway, either all these current differences of spread for same instrument / different contracts / different countries is part of the mess, or it is on purpose, and again – simple profit maximization, and not what IG explains as spread (being dependent on vola and liquidity).

    #251969

    for they don’t know what they’re doin…

     

    at IG of course

    #251970

    I can understand that for a margin of 0.5 %, IG charges more spread because their risk is higher than with a margin of 5%.

    #251971

    You got me there on answering a question which is hard for me to answer because although I may be kicked out on margin call (IG), I don’t trade in these limits because it is the trading systems “arranging” for that. So if I coincidentally have 20 of them running at the same time, I will be kicked out, if also the instrument (mainly US tech 100) just dropped 5%. Long story short : I recall 3% for non-pros. Pro could be less than 1% (for IG this is asking – and getting).

    #251972

    You can check on the IG trading platform. Just enter 1 contract, stop loss = 1000 and see what the margin requirement is.

    #251973

    I can understand that for a margin of 0.5 %, IG charges more spread because their risk is higher than with a margin of 5%.

    I don’t see it like that because their Margin Call system works quite well. Thus before you go under, they already kicked out your position (IB no different).
    But
    I think I read the other day that a Pro account *can* go under. I mean, IG just allows that. How this really works ? no clue. It would mean : no Margin Call applies and you just go under (and undoubtedly will be charged the main price for interest).

    #251974

    Well, when you saw some sudden price changes in Nasdaq during Trump’s tariff chaos, like 100 points within 5 seconds, this comes close to the 0.5% margin and they may not be able to close a position by margin call.

    #251975

    Umm …
    Margin does not appear yet (not sure how to enforce is) but what I notice … see below. At a position size larger than 3, the Spread changes from 1.0 to 1.5 …
    So Yes, I have read about that too, but I never really saw it (trades go via PRT for me).

    Does this change perspectives ?

    #251977

    Select coop or verkoop (do not press “execute trade”) and it will show “vereiste marge”.

     

    And you have spread = 1.5 there. Funny….

    #251978

    This is the situation in Switzerland for 100 contracts (yes !) of DAX 1 € :

    Spread = 1.4, margin = 0.5 %.

    #251980

    Learning a lot here … 🙂
    (which I should have known already)

    DAX is 5 % margin.
    But also see the table on spreads in the top. First screenshot.

    This list is not there for US Tech 100 (spread is also 5%). Second screenshot.

     

Viewing 15 posts - 346 through 360 (of 419 total)

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