Share Dealing

[Guest Fabo]

Hey! I’m trying to start trading share deals on ig trading but I’m still unsure about the fees they charge. It says that when you make 3+ order in a month, the commission is free. When I try to place an order, there are charges. Roughly $13.
What I would like to know is

what the charge is when I’m trying to place an order?

what happens if in month 1, I place 3+ orders and nothing in month 2 and 3+ orders in month 3?

[CharlotteIG]

On 09/03/2021 at 08:19, Guest Fabo said:

Hey! I’m trying to start trading share deals on ig trading but I’m still unsure about the fees they charge. It says that when you make 3+ order in a month, the commission is free. When I try to place an order, there are charges. Roughly $13.
What I would like to know is

what the charge is when I’m trying to place an order?

what happens if in month 1, I place 3+ orders and nothing in month 2 and 3+ orders in month 3?

Hey Fabo, 

If you place 3+ trades in January, that means in February you will receive the reduced commissions. You can find these reduced commissions below: 

https://www.ig.com/uk/investments/share-dealing/costs-fees

The promotion is reduced commissions for some markets (e.g. US shares, UK shares) if you place a certain amount of shares in the previous calendar month. 

 

If you were to trade 3+ times in your first month it means in the 2nd month you will have those reduced commissions (if you choose to use them). However if in the second month you do nothing you will have to pay full price commission on the 3rd month. 

I hope this helps if you have any questions let me know by putting @CharlotteIG

All the best