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IG UK stops servicing EEA clients after Brexit

Brexit

The company stated:

If you have previously agreed to transfer your account to IG Europe but have not received confirmation that the transfer has taken place, please email the helpdesk / live chat us as soon as possible so we can look into this.

Please note that, after 31 December, you will still be placed on closings only until your account has been successfully transferred. Therefore if you consent to the transfer, you won’t be able to open any new positions from 31 December until the transfer has taken place. We expect the transfer to happen in mid-January, and we will notify you of your transfer date in advance.

As the end of the Brexit transition period is just two days away, UK brokers are losing their “passporting” rights allowing them to provide services across Europe. From the beginning of the new year, they will need country-specific approvals to continue providing services. The change has made some brokers abolish offering services to non-UK clients. Financial advisers based in UK will have to abide different rules and requirements if they want to operate in Europe

Steffy Bogdanova

Steffy Bogdanova

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.

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