Had a message from IGIndex today saying they are reducing the deposit factor for currency pairs. Thought this would be a good time to also start a new topic for anyone who wants to discuss IGIndex. Any IG traders out there? I've been with these guys for many years and they offer a HUGE range of markets to trade, and are a very large (i think the largest) spreadbet firm. I've been pretty pleased with them, although if you ask for access to their charting package (which is excellent in my opinion) you have to watch out otherwise you get stung for £30 a month charge unless you make a couple of trades each month.
They don't offer MT4 platform as far as i know.
www.igindex.co.ukemail from IGIndex:
We’ve significantly reduced the initial outlay needed to spread bet on our ten major FX pairs by lowering deposit factors:
FX Pair Previous Deposit Factor New Deposit Factor
EUR/USD 100 65
GBP/USD 100 80
AUD/USD 100 50
USD/JPY 100 40
EUR/JPY 100 55
EUR/GBP 100 40
EUR/CHF 200 45
USD/CHF 100 65
USD/CAD 250 50
GBP/JPY 300 65
These new, lower requirements are part of our Tiered Deposit system, which works out how much deposit is needed based on your aggregate position.
The lowest deposit rates are available on Tier 1 of the system, which, with EUR/GBP at current prices, for example, could give you exposure to the equivalent of over £5million for less than half the previous deposit.
If you regularly spread bet on forex markets, make sure you visit the new Forex Focus section of our website, which now features real-time charts and live updates from our team of analysts.
And if you have any questions about this, or any other aspect of our service, please contact
helpdesk@igindex.co.uk or call us on 0800 409 6789.
Kind regards
IG Index