IG has soooo many fees?

[barzyp]

Ive just moved to IG, mostly from commission free brokers. I did look into the commission and fees before I signed up, however, I was not expecting the sheer number of fees that ive incurred so far on just 6-7 trades...Nearly £200 in fees since the 26th! WHAT?

 

I read in a forum post on here posted from an IG support team members (albeit from 2016) that there is no fee for amending open positions but it looks like that's what I've been charged for? Am I missing sometihng here? Can someone please shed some light on what im being charged for because the transaction history page is not helpful

 

I know the 'DEAL' are the closed trades, thats fine, what are the WITH's about? 

 

Date	Summary	MarketName	ProfitAndLoss	Transaction type
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFN3HDEAG Converted at 0.7212	£-10.82	WITH
26/02/21	Closing trades	Ocugen Inc converted at 0.714062729873015	£86.40	DEAL
26/02/21	Closing trades	Ocugen Inc converted at 0.714062729873015	£201.37	DEAL
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFN3W9EA4 Converted at 0.7212	£-10.82	WITH
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFNE9WCA9 Converted at 0.7205	£-10.81	WITH
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFMP684AV Converted at 0.7203	£-10.80	WITH
26/02/21	Closing trades	Ocugen Inc converted at 0.72031005585066	£-1.44	DEAL
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFMPFRAAL Converted at 0.7207	£-10.81	WITH
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFLLNTYAV Converted at 0.7189	£-10.78	WITH
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFKRJKTAV Converted at 0.7206	£-10.81	WITH
26/02/21	Closing trades	Ocugen Inc converted at 0.720582230442105	£-10.08	DEAL
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFKRL3PA5 Converted at 0.7208	£-10.81	WITH
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFJ7LL5AV Converted at 0.7221	£-10.83	WITH
26/02/21	Closing trades	Ocugen Inc converted at 0.722187689753865	£-10.43	DEAL
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFJ5VE7A4 Converted at 0.7212	£-10.82	WITH
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFJZSW2AV Converted at 0.7204	£-10.81	WITH
26/02/21	Closing trades	Ocugen Inc converted at 0.72035807171958	£-12.89	DEAL
26/02/21	Commissions	Ocugen Inc COMM DIAAAAGFJX9ZMAX Converted at 0.7201	£-10.80	WITH

 

 Thanks

[barzyp]

Anyone? IG Support?

[Sauce13]

Did anyone find this out? Why are there are so many commission fees? 

[SpaceStationX]

Looking here https://www.ig.com/uk/investments/share-dealing/costs-fees it would make sense that a commission of £10 for a trade on US shares is taken, unless your previous month had at least 3 trades. If account is new, 'previous month' doesn't exist yet, so you would pay £10 for each trade.

What I don't understand is why you get x3 WITH for a single purchase of a share.