Jump to content
  • 0

Custody fee query on share dealing account


PrashantThakur

Question

Hi, I recently joined IG and opened a share dealing account. I have a question about custody fees. Do I need to do 3 or more trades for each of UK and US markets in order to avoid the custody fee on that account?

I don't think of myself as an active investor so does that mean I would probably be paying 96 pounds per year (24 per quarter) just to hold the current shares?

Thanks

 

Link to comment

1 answer to this question

Recommended Posts

  • 0

I too am confused about this.

From the annual costs and charges Statement I copied the following:

"A fee charged if you hold investments on a share dealing
account or ISA at the end of a quarter, and have traded
fewer than three times in that quarter. The fee does not
apply if you only hold cash on your account, and any
commission you pay reduces the fee by the relevant
amount."

From this it seems that if you have traded three times irrespective of whether it is in US or UK markets you should not be charged but I'd call IG just to be sure.

From where did you find the £96 fee charge?
 

Edited by Tomtrade
Quotes added
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

    • Güncel dönemde Binance rəfərans kod UL2M4EB8 olarak belirlendi. Bu kod %20 komisyon indirimi ve 600 usd değerinde kayıt bonusları içerir. Hemen binance borsasına kayıt ol ömür boyu avantajlı üyeliğin tadını çıkar. rəfərans kod, binance borsasında yeni üyelere çeşitli avantajlar sağlayan bir linktir.
    • Dans la période actuelle, le code de parrainage Kucoin est déterminé comme « QBST7VQS ». Il s'agit du code de parrainage le meilleur, le plus élevé et valable à vie au monde. Faites un pas avantageux dans l'échange Kucoin en tapant « QBST7VQS » dans le champ du code d'invitation lors de votre inscription. Le code de parrainage Kucoin « QBST7VQS » est un numéro personnel unique à chaque utilisateur Kucoin et se trouve à la fin de chaque lien de parrainage. Cette identité facilite toutes sortes de suivis sur la plateforme, notamment les demandes concernant le programme de parrainage.
    • In de huidige periode wordt de Kucoin-verwijzingscode bepaald als "QBST7VQS". Het is 's werelds beste, hoogste en levenslang geldige verwijzingscode. Neem een voordelige stap in de Kucoin-uitwisseling door tijdens het registreren "QBST7VQS" in het uitnodigingscodeveld te typen. De Kucoin-verwijzingscode "QBST7VQS" is een persoonlijk nummer dat uniek is voor elke Kucoin-gebruiker en is te vinden aan het einde van elke verwijzingslink. Deze identiteit maakt allerlei soorten tracking op het platform mogelijk, vooral verzoeken met betrekking tot het verwijzingsprogramma.
×
×
  • Create New...
us