Jump to content

Minimum trade fees


Guest Stef

Recommended Posts

Would like someone from IG to comment please...

 

Do you still charge a minimum trade fee, and if so, why?

 

My other brokers don't - one of the reasons I don't trade much through IG.

I trade stocks on the JSE.

 

When testing a strategy on the live market, it would be extremely helpful to trade small sizes until you are comfortable that your system works as expected. Once you are convinced that it works, you can then increase the size of the trades and the minimum fee becomes less of a problem.

 

As IG does not support/provide prices for stocks on demo accounts (after the initial two weeks) - this would be another solution to forward/live test your systems. Currently IG does not provide any mechanism to do this.

 

PS: The other way to do this would be to simply offer PRT's PaperTrading module to IG customers.

 

Stef

 

 

Link to comment

Hi ,

 

We do have a minimum charge for trading Share CFDs and all the details can be found at the following link: https://www.ig.com/za/shares-trading-costs

 

We've been discussing the possibility of adding paper trading into the IG ProRealTime offering, however there could be a number of obstacles to this. Furthermore, due to the way in which this has been created, IT-Finance have said it is unlikely to simulate live IG trading exactly, I'm afraid.

 

Once IT-Finance have been able to look into this further, I'll give you an update.

 

Thanks,

Dan

Link to comment

In that case, dropping minimum trade fees seems like the only mechanism whereby IG customers would be able to "live test" their equity-based trading strategies without risking unnecessarily large amounts of capital.

Link to comment
  • 3 weeks later...

Hi 

 

I'm afraid at present there aren't any plans to reduce our minimum fees in order to allow clients to live test equity strategies. In the meantime I'll also ask ProRealTime for an update on the paper trading option.

 

Thanks,

Dan

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • DIMO's platform seems to be shaking things up in the car world! Being able to get useful info about your car easily sounds great for drivers. And now that their token is on Bitget exchange, more people can get in on it. Super exciting news!
    • Just for completeness, I mean lists of companies. Many thanks, Peter
    • It’s one of the most popular traded markets on our end, and we take a look at the S&P 500’s technical overview in both weekly and daily time frames, the strategies to deploy for conformist, contrarian and ‘hold’ camps.   Written by: Monte Safieddine | Market analyst, Dubai   Publication date: Tuesday 27 February 2024 06:48 Dive into the conflicting sentiments of IG clients versus COT speculators and stay ahead of the game with upcoming market events. Don't miss out on this essential guide to understanding the current state of the S&P 500 and preparing for what lies ahead!       This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.    
×
×
  • Create New...
us