Jump to content

IG Manual vs Automatic currency conversion and $15 charge


Recommended Posts

Hi 

Could someone please clarify what exactly does the conversion fee found on https://www.ig.com/uk/investments/share-dealing/costs-fees mean

"Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks."

My account is in GBP but all my share trading is in US. So far I've had it set to both automatic and to manual while making deposits and selling and buying shares but as I qualify for zero commission trading, I haven't seen this charge anywhere.

But I 'm a bit apprehensive about this sneaking up on me later on. Have you been charged this $15 per share commission at some point?

Thanks

Link to comment
  • 6 months later...

im trying to get this question answers as well but good luck trying to get in contact ig customer i didnt get through and they lady was not sure..

there much be a catch for manual conversion u pay $10 usd commission per trade and exchange rate conversion  is 0.007% - with automatic conversion there is no commission charge and exchange rate conversion  is 0.007% is the same as manual...  

Link to comment
  • 3 months later...
Guest F  Scott

IG staff has just told me today 1:30pm London time. if you use GBP to trade US share, you pay currency conversion fee but qualify for commission free. If you use USD to trade US share, you will not be qualified for commission free but no conversion fee to pay.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • The story of this squirrel is a story of love and impact of social media. The memecoin has gain popularity, topping many exchange gainers list.
    • The Solana ecosystem continue to provide the best memecoin, with **** and WIF notably turning many into millionaires creating huge buzz on the ecosystem. Despite the hype around projects like Popcat and Goat, which many missed out on, the crypto community is always on the lookout for the next big wave. $MOODENG, inspired by the charming baby hippopotamus Moo Deng, generated huge attention recently especially as many top exchanges listed the meme. In the same trend another meme is currently trending in the industry, $PNUT. Peanut, inspired by a story of a Squirrel. Rescued by Mark Longo in 2017 after losing his mother, Peanut became an Instagram sensation, amassing over 534k followers. However, tragedy struck when state authorities seized Peanut, leading to his euthanization. This event not only raised questions about government overreach but also inspired the creation of $PNUT, serving as both a tribute to Peanut and a satirical take on current events. Buoyed by endorsements from influential figures like Elon Musk, $PNUT has quickly soared past a $100 million market cap, with predictions suggesting it could reach a billion. With listings already on exchanges like Bitget and potential future support from Binance, Could SPNUT be the next top meme on Solana?
×
×
  • Create New...
us