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.

Power of attorney definition

Power of attorney gives another person the ability to act on your behalf. In trading, this means they can take over your trading accounts.

Full power of attorney is mainly used in the event that you are incapacitated in some way and need someone else to take over your complete financial affairs.

Limited power of attorney is used by portfolio managers and brokers to perform certain actions on their client's behalf. Those actions can include making trades, authorising payments and withdrawals, and acting as a proxy on some documentation.

With IG

If you want someone to deal on your behalf on your IG account, fill out a power of attorney form. Fully regulated investment brokers can have complete power of attorney over your account, while other individuals can have limited access.

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

See all glossary trading terms

Help and support

Get answers about your account or our services.

Get answers

Or contact us on +971 (0) 4 559 2100 or helpdesk.ae@ig.com.

Our office is open 5 days a week, Sunday to Thursday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 1am to 11am (Dubai time).

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.