Jump to content
  • 0

Share dealing Question !HELP!



I recently joined IG and my friend who is a Forex Broker told me that on IG when you 'buy' shares, you dont actually own them so it is essentially spread betting..?

To my uneducated brain in this world of trading, I was confused as I opened a Share  Dealing account on IG...is this information correct or with my Share Dealing account, the shares  I 'buy' I do own?

Any light that can be shed on this would be greatly appreciated.




Link to comment

3 answers to this question

Recommended Posts

  • 1

@DanLord, yes you can either have a share dealing account where you can buy actual shares or a spread betting or cfd account where you are simply taking a position on the direction of movement of the shares. If you feel you have opened the wrong type of account it should be no problem to shift funds across. You will need to jump through some extra hoops to open a sb/cfd account though as they are leveraged as Trendfollower points out.

  • Thanks 1
  • Great! 1
Link to comment
  • 0
1 hour ago, TrendFollower said:


IG is known for trading and more specifically Spread Betting and CFD trading in the UK. It offers 'Margin Trading' and the ability to use 'Leverage'. For this you would open either a Spread Betting account or a CFD account.

Now IG does offer a Share Dealing account and though I have never used it, I can only think it is like any other UK share broking account where the client actually acquires the shares though I believe IG use a separate company for the nominee whom they will not disclose but suggest other brokers use them too. 

Your shares in IG's share dealing account will be held in a nominee account. Now from my understanding the shares are owned by a non-trading subsidiary of the stockbroker. This will be similar with certain other brokers in the UK as well so it is not just IG that adopt this. 

Thank you for your quick reply, this has helped me understand...I do have one more question just to clarify though,

For example, my friend told me to open an account with HL (Hargreaves Lansdown) because when you buy the share you own it. As you said it is held in a nominee account so does this mean I do not personally 'own' these.


Thanks again for your help!

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...