March 18, 2020
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What is “controlled risk premium”, or CRPREM? Turns out – the IG website will not tell you. It’s something that will bite you when you least expect it – and it will hurt – because it isn’t fair, and it isn’t even remotely clear.
I was playing around making CFDs (contracts for difference) – up a hundred dollars or so – feeling quite happy with myself. Then I made the mistake of making a CFD on the Italian index:
IG CFD Italy Index Deal Window
Instantly my stop was triggered. I don’t know how or what happened but when I checked my transaction history I saw the following entry:
|Italy 40 Cash (€1) converted at 1.8553
So far, so good, I lost $185 or thereabouts on the market going in the wrong direction.
Then this entry floored me:
|Italy 40 Cash (€1) CRPREM DIAAAAEHD5….. Converted at 1.8553
Wait, what??! Another $90 fee? For what? What is CRPREM?
See that circled number in the deal window titled “Stop premium (if triggered)”? That means that’s the number of extra points you’re charged as a “controlled risk premium” should you fail to close your position and it gets closed automatically.
In my case the fee was 2 controls times 24 points (stop premium) = 48 times the exchange rate of 1.8553 = AU$89. Ouch.
I should have looked at the window more carefully before I placed the order. But here’s the thing.. all they display is the margin – no hint or indication or the stop premium if triggered – even though it is mandatory to provide a stop.
Doesn’t seem fair or right, does it. But you probably landed here because you were charged an outrageous fee – and want to know why – and there appears to be no customer service at IG to tell you – or a web page on the subject, either – at least I didn’t find one.
March 3, 2020
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Simply edit the file /usr/share/themes/Greybird/xfwm4/title-1-active.png with the background colour you want (which will be replicated along the width of the title bar of the active window).
Then go to the menu, select Settings > Window Manager, then go to the Style tab, and choose a different Theme (such as Default) and then select the newly edited theme Greybird again.