You can change from a standard CFD account to a limited risk account at any time. Simply log in to My IG and click on the ‘settings’ tab. Choose ‘account type’ from the list on the left of the page, and follow the instructions to convert to a limited risk account.
A limited risk account ensures that you will not lose more than the initial deposit required to open your trades by requiring you to attach a guaranteed stop to all your positions. Guaranteed stops provide you with protection against slippage, but you may still be exposed to currency risk if you trade in a currency other than your base currency. You will not be able to use other types of stops, like trailing stops.
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