I would like to open a CFD Trading account with IG. The application requires me to submit evidence of my wealth. But currently, I do not have a job but I have some savings. My savings qualifies for the minimum deposit that is required once the account is open . The problem is that my savings is below their minimum wealth requirements to open the account for trading CFDs. Please advice me on how solve this problem.
@Snickers,
Nope, missed it. :)
Anyone use CFD's purely as a hedge for their porty or is it the preserve solely of the gambler these days? Or do those people just spreadbet?
With no job & not enough money behind you, should you even be considering such a high risk venture at this stage? Think yourself lucky the regulations have prevented you from entering this type of extremely high risk venture. Get some practise paper trading first, until you can get a 70/80% hit rate.
Never mind about getting a job, sound's like you need at least 3!
