HUGE commission for trading penny stock .

[Arun2020]

Hi All,

Please let me know does anyone trade US penny stock. When I started trading US stock for all the transaction there use to be currency conversion charge and this was costing a lot.

Since my account base currency was GBP for every trade  in USD I use to pay currency conversion rate which was costing a lot for me . Then I decided to convert all my GBM capital into USD (Stopped instant conversion). However now I can see all my trade per share IG is charging 13 pence from my account . It's almost equal to looting my account 

 

Example : 

Share : Bionano Genomics Inc   Number of share : 5000   share cost :0.48507   total amount : 2425.35 UDS       commission : 100 UDS 

 

FOR A 2425.35 USD  transactions BUY COMMISSION  100  usd  Sell   Commission  : 100 USD .   

Are all getting changed like this for your US transaction ???  

I don't think I can continue trading like this .. this charges are killing my capital .

Thanks

Arun

[dmedin]

lol it's not the charges that's killing you