Change trade size to £1 per point with IG using PRT??

• 05/17/2017 at 4:09 PM #35859
  Trader_1981

  Hi I’m really sorry for this basic question, however I cannot seem to find the answer anywhere.

  I have an account with IG and use PRT, I am looking to change my trade size to £1 per point.

  Would somebody please explain how I can do this please?

  Thanks in advance!

  

  Trader_1981

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  05/17/2017 at 4:23 PM #35864
  StantonR

  Are you talking about doing it in Automated trading or manual trading.

   

  

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  05/17/2017 at 5:32 PM #35875
  Trader_1981

  Thanks for the reply StantonR!

  Either way would be great, I was originally trading on the FTSE min £2 trades, however as I am a beginner trader a friend told me it is possible to only use £1 per point rather than the £2 min I was using.

   

  I have come come out of the £2min FTSE and am now on the the normal FTSE cash index however I cannot find anyway of changing my trade amount. I went to place a trade yesterday and it informed me I needed to place another £300 into my account, I didn’t understand this.

  Ideally whilst I am learning I just want to trade £1 per point, so if I set a stop loss of 10 pts the max I can lose is £10 and like wise if I have a take profit of 20 pts I would stand to win £20.

  Thanks again!

  

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  05/17/2017 at 5:33 PM #35877
  Trader_1981

  @StantonR

  

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  05/17/2017 at 5:53 PM #35882
  StantonR

  The minimum trade amount for FTSE cash is the 2 Pound mini.

  Thats the minimum size of the trade so you can go lower than that.

  

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  05/17/2017 at 6:05 PM #35887
  Trader_1981

  Ahh ok so my friend has mis-informed me telling me you can trade the FTSE for £1 per point? @StantonR

  

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  05/17/2017 at 6:11 PM #35888
  Eric

  Trader_1981

  open a SB account from “myig”?

  https://www.ig.com/uk/indices-spread-bet-product-details

  

  Eric

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  05/18/2017 at 7:48 AM #35921
  Nicolas

  I don’t know about the spread bet account, but with PRT-CFD you have FTSE for 1€ per contract, with a minimum size of 1 contract possible.

  

  Nicolas

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  05/18/2017 at 8:25 AM #35934
  Trader_1981

  Hi Nicolas, that is exactly what I am looking for, only in £ instead of € as I am UK based.

  However in my list of charts on PRT-CFD I can only see a few of FTSE cash and one FTSE cash £2 mini, I cannot see the £1 anywhere. Is their some settings I can change to lower the amount at all?

  Thanks in advance!

  

  Trader_1981

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  05/18/2017 at 12:39 PM #35982
  Dave

  Spread bet definitely £1 per point/pip on FTSE,dax, forex etc. No tax either!!!. Setting in top right of screen on mine – drop down menu.

  

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