What happens if the stock I am trading delists?

If you have an open leveraged position on a stock that delists, we’ll close your position at a level of zero and typically open a new position – called a ‘proceeds line’ – on your behalf which is untradeable, has no price and brings no value to your account. Once the company confirms there is no return to shareholders, which can take years, we will close your proceeds line position at the level of zero.

However, we won’t start this procedure as soon as a company announces it is delisting. The stock status will first need to be reviewed by our corporate actions and risk departments.

If you own shares in a company that delists on your IG Bank leveraged account, we can close the position completely upon request and thus waive your right to potential future proceeds. This is because when you trade on leverage, you're trading over-the-counter with us - so we're able to take care of things like this in-house.

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