A good deal of it can be blamed on the FCA, since they underwrite customer accounts against broker failure provided that the broker is regulated. However, they are directly dictating what products brokers can and cannot provide.
I was unable to buy any positions on CFD today, tried buying Long positions for Tesla, NIO, Amazon but got a message stating ’ Maximum trading qty for this instrument is 0’
Is anyone else facing the same issue/concern?
It is really strange that in current market situation when its good time to go long, we are not allowed to trade.
crazy, even Indices can not be bought… it is risk protection for the client again… ??? this after the app crashing two days back and not letting me bring additional fund transfers to avoid margin call and I lost all the money?
We have discussed this within other threads, but I will reply here as well - the maximum trading quantities of all CFD instruments are dynamic and reflect our current market risk evaluation. As a regulated company, we have to be in tune with the regulatory requirements for capital adequacy and market exposure.
Why are Short CFD positions on GME restricted again? Why is it one day ok, then the other day restricted again. Why is there no consistency and why are T212 Customers on the CFD treated like they dont exist?