Charges variation

[Chumbers]

I have an ISA account (£) trading American shares(stocks). I trade frequently so I don't pay commission. But every time I sell I get charged from $0.01 to $0.06 per share. It seems to be linked to the value of the trade... more in value more the charges i.e. £2000 trade cost me $0.06 and £600 cost $0.01 per share or is it based on how long I had the stock.

Please can someone explain how it works and what are the thresholds

Thanks...views are also welcome

PS There is a significant difference from the P/L stated in your account before the shares have been sold to the monies received.

Surely if they want to show clarity they should include the expected costs of selling..... that would solving these feelings of being ripped off 

[Fletch]

Since you are a frequent trader (waiving the commission charge), and the base currency of your account is GBP, the only other charge I am aware of is the 0.5% currency conversion fee.

 

[Chumbers]

Hi

Thanks for the reply. 
 

I would assume the rate would be 0.5% for all trades.. I feel I need to dig deeper

 

Thanks again

[Fletch]

32 minutes ago, Chumbers said:

Hi

Thanks for the reply. 
 

I would assume the rate would be 0.5% for all trades.. I feel I need to dig deeper

 

Thanks again

Yeh, the 0.5% FX fee is listed on IG's charges page - though you do need to scroll down a bit to find it.

 

https://www.ig.com/uk/investments/share-dealing/costs-fees