CFD commission charges

[Guest bigstones]

Just wondering if anyone can explain in layman's terms overnight financing and commission charges on CFDs on US equities?

I was expecting the overnight financing to be pennies and the commission something similar but i've been charged £22 for one CFD open for three nights and £30 commission for another open for 3 or 4 nights. I wasn't expecting it to be that high.

Any advice greatly appreciated

[cale123]

Also wondering this, isnt very clear the commissions that are being charged. 

[CharlotteIG]

On 01/02/2021 at 22:34, Guest bigstones said:

Just wondering if anyone can explain in layman's terms overnight financing and commission charges on CFDs on US equities?

I was expecting the overnight financing to be pennies and the commission something similar but i've been charged £22 for one CFD open for three nights and £30 commission for another open for 3 or 4 nights. I wasn't expecting it to be that high.

Any advice greatly appreciated

 

15 hours ago, cale123 said:

Also wondering this, isnt very clear the commissions that are being charged. 

Hey, 

You can find the CFD commission break down by following the page below: 

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

And there's a calculation when you follow the link below that you can use to work out overnight funding:

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated-

All the best