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Hi,I haven't used IG for a long-time, I should clarify they only do CFDs, not futures. I used to trade the $5 per point, you can also do $1 per point. The MARGIN you need more than that, can't remember how much, but if you gonna trade $1 per point I can't imagine the margin gonna be that much!However having said this, having traded with IG for many years, I HIGHLY advise against it. I've come to the conclusion CFDs are basically a scam product for mom and dad investors who don't have enough money to trade future derivatives. They charge very expensive daily interest rates on your positions and penalises large and less frequent trades. I'm almost certain majority of the customers lose money over the long-run. It is highly unethical. I do respect the US financial regulators for banning CFDs.In a nutshell, don't do it! If you really wanna gamble, go to casino and have some fun instead..
Hi,
I haven't used IG for a long-time, I should clarify they only do CFDs, not futures. I used to trade the $5 per point, you can also do $1 per point. The MARGIN you need more than that, can't remember how much, but if you gonna trade $1 per point I can't imagine the margin gonna be that much!
However having said this, having traded with IG for many years, I HIGHLY advise against it. I've come to the conclusion CFDs are basically a scam product for mom and dad investors who don't have enough money to trade future derivatives. They charge very expensive daily interest rates on your positions and penalises large and less frequent trades. I'm almost certain majority of the customers lose money over the long-run. It is highly unethical. I do respect the US financial regulators for banning CFDs.
In a nutshell, don't do it! If you really wanna gamble, go to casino and have some fun instead..
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