Help after Brexit3 Dec 2020 19:15
Hi there,
I haven´t post here before but I have been reading this board for years, first of all thanks for your posts!
I´m holding around 2 million shares at an average of 1,6p, which I have been holding for a lot of years now as I still believe in the company.
I lived in UK for 12 years, but 2 years ago I came back to Spain due to work, since I moved to Spain I have my shares on an IG account on closings only, as I can´t trade because of not living in UK anymore.
I didn´t have any problems with only being able to sell my shares on my IG platform once I decided to do it, but 2 day ago I received the following message on my account:
"After 31 December, we will no longer be able to offer share dealing accounts to EEA clients. If you have a share dealing account with us, it will therefore be set to ‘closings only’ from 1 January and we will reserve the right to sell your holding and close your account from 31 March. This means that you’ll have at least three months to close your positions or transfer them to another provider."
So, I have till the 31st of March to sell all my portfolio or otherwise IG will do it for me, I don´t think that it is really fair that I to sell my shares at a loose (loosing a lot of money) as I lived in the UK when I bought them.
Does anyone know any solutions? Another broker where I can transfer them or something else..
Thank you in advance and sorry for the post