Jump to content
Sign in to follow this  

Confused about commission.

Recommended Posts

Guest Paul B.

It says in the blurb that commissions are free for for 3+ trades of US stocks.
https://www.ig.com/uk/investments/share-dealing/costs-fees

I just made three trades (bought then sold then bought again) but my history shows £10 commission charges for each trade.

Are they free or not? I would appreciate if someone could explain.

Thank

Paul

 

Share this post


Link to post

I agree it is not very clear. I assume you would get 0 commissions starting from the 4th trade, i.e after you have placed 3 trades in the month and paid commissions on those. If you are trading stocks frequently I would recommend you look at different brokers such as Robinhood.

Share this post


Link to post

Just as an aside, it should be noted that the commission waiver is applied on a monthly basis. That is to say making three trades in a month will only grant you the waiver in the following month - any additional trades (beyond the three needed to gain the commission reduction) made in the same month will still be subject to a £10 commission.

Share this post


Link to post
Guest Tun
On 30/06/2020 at 08:29, ItsAlex said:

I agree it is not very clear. I assume you would get 0 commissions starting from the 4th trade, i.e after you have placed 3 trades in the month and paid commissions on those. If you are trading stocks frequently I would recommend you look at different brokers such as Robinhood.

I wonder whether you were would be charge on the 4th trade?

If, not then it still cost a regular trader (more than 3 trades in the month) £30 assuming each trade is £10.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      13,122
    • Total Posts
      66,681
    • Total Members
      89,230
    Newest Member
    birkha1972
    Joined 27/11/20 12:42
  • Posts

    • Dax and Dow M15;
    • not just the FCA, the US CFTC looks to be heading the same way. https://www.financemagnates.com/cryptocurrency/news/coinbase-pro-ends-margin-trading-services/?utm_content=buffer4aede&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
    • Thanks @CharlotteIG ! That's reassuring. I'm sure IG have already seen this, but someone on twitter linked to this Policy Statement from the FCA, saying that it will come into effect on 6th January: https://www.fca.org.uk/publication/policy/ps20-10.pdf "Prohibiting the sale to retail clients of investment products that reference cryptoassets"  Incidentally the trader  on twitter who linked to that, was commenting on the recent drop in bitcoin  and said "Crypto exchanges started announcing liquidation of UK customer accounts ..not surprising BTC sold off." Best wishes, Cate
×
×