Jump to content

How is share trading commission fees calculated. Im in Australia

Recommended Posts


 Appreciate any answers to clear this doubt. 

I have noticed that- when i buy US shares from Australia, the Australian dollar is converted to US dollar. There is an exchange rate visible in the trading history. 

Does IG up the exchange rate when buying? 

Also, when selling I have noted the exchange rate is different again. There is usually a 2 cent USD difference for every USD bought and sold. 

For some trades, I have calculated that IG has charged AUD 1400. That's significantly high. As if i buy 'X' shares i am paying approx.- AUD 1400. And when i selling the 'X' shares i am again paying AUD 1400.  And because of IG charging so much on exchange rates, I have to have a minimum of AUD 2800, profit to break even. 

Are there any brokerage firms which are more economical or cheaper? 

Any advice is appreciated. 








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
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 26/09/22 09:45
  • Posts

    • In this week’s Trade of the Week, IG market analyst Axel Rudolph FSTA looks to go short the DAX with a stop-loss at 12,950 and a downside target at 11,400. He also looks at last week’s trade, which was long the Volatility Index.        
    • Charting the Markets: 26 September FTSE 100, DAX and S&P 500 hold their ground in early trading. GBP/USD at 37-year lows, EUR/GBP at 2-year highs and EUR/USD at fresh 20-year lows. And gold, Brent crude and lumber head lower as recessionary fears lift the dollar.     This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • Hi @Xandy Your requests have been submitted. Thank youAll the best - MongiIG
  • Create New...