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Commision Query on shares (Newbie here - any replies appreciated)


Finbar

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  • 1 month later...
On 20/01/2021 at 17:46, Finbar said:

Hi, 

I made 4 share purchases yesterday, each had a £10 commision.

I thought after 3 purchases the comission doesnt apply to future purchases?

Please could someone advise?

Kind Regards.

 

On 09/03/2021 at 19:59, Guest too expensive said:

i have also traded 3 times and it is still asking for £10 a trade! !

Thanks for your post. 

The reduced commission fees work per calendar month not from the first time you traded: 

image.png

So if you traded 3 times in February, in March you will have the reduced commissions. 

I hope this helps clarify why you were charged. 

All the best

Charlotte 

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On 27/01/2021 at 16:05, dogfish said:

I traded a single share of Apple on the demo account got out for 50c profit a few minutes later and the commissions recorded were $30 -  $15 to get in and $15 to get out. This seems extremely expensive?

When trading on a CFD account for shares you're charged commission. Make sure the amount you're trading and profit goal you desire takes into consideration the amount of commission you need to pay: 

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-shares-cfd-product-details

If you're a UK client you can use the spread betting account if that works for you because you don't pay commission on shares the charge is incorporated in the spread. 

All the best 

Charlotte 

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