CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Force open definition

A - B - C - D - E - F - H - I - L - M - N - O - P - R - S - T - U - V - W

See all glossary trading terms

The ‘force open’ function on the trading platform allows you to enter a new bet in the opposite direction to an existing bet on the same market.

This will ensure that you have two distinct positions open. If you do not check ‘force open’ in this situation, all or some of your existing position may be closed.

When using IG’s desktop platform, the ability to ‘force open’ is listed underneath the ‘market order’ selection box. If left unchecked then our platform will close any existing positions that would be cancelled out by the new position (unless you attach a stop or a limit, in which case it will keep both positions open). If you buy 100 shares of Exxon Mobile when you have an open position to sell 100 shares of Exxon Mobile, for instance, IG would simply close the open position: unless you add a stop or a limit.

If the ‘force open’ box is checked, our platform will not do this and the position will be opened as a standalone, new trade. In this respect, a forced open is a different matter to a forced close, which occurs when a position is closed automatically without any action by a trader.

Contact us

Our office is open 5 days a week, Sunday to Thursday from 8am to 7pm. Support line is available 24hrs a day from 12pm Saturday to 2am Saturday (UAE time).

+971 (0) 4 559 2108

You can also email us at: helpdesk.ae@ig.com

 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.