tar
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just checked my statement from that day: i had 1.8k deposited, 4.3k in running profit (i did already have 1 £100pp long on), 12.5k in waived deposit limit = 18.6k; versus the 16k deposit requirement after i put the 2nd £100pp long on, so that's how i was able to put the bets on. not that that explains why it was allowed to run so far outside the account parameters.
and in terms of "P.S It might be best to stop asking if anyone else has seen something like this - I doubt anyone on here has heard of anyone so stupid!" - you need to be aware of recent events in this game or you'll get stung worse than me. have you not heard about IG's recent £15 million bad debt allowance for the first 6 months of this year? so there are others out there, maybe with similar circumstances to me.
I know about the 15 m pound and because of this IGgroup shares dropped last week although they still profiting so much , anyway they should not let u exceed your credit ..
Running profits = unrealised profits cannot be used for margin , and about the deposit limit : i have a deposit limit with them 10000 pound but i cannot open any position unless i have sufecient funds to cover the margin req.