Jump to content
  • 0

Stamp Duty and Commission in Book Cost



I fail to understand why IG can not automatically add stamp duty and dealing commission in to the book cost? All the stock brokers has this system. This gives wrong profit calculation for high frequency trading. Every time you have to change it manually when you buy stocks. Pathetically poor service/system. 

Please update this feature asap. Otherwise lot of people will be loosing money without knowing and someone with law background will start litigation. 

Link to comment

2 answers to this question

Recommended Posts

  • 0
On 03/06/2021 at 05:20, Arthur79 said:

They just took half of my 2800 account for book cost.

Hi @Arthur79,

It is likely that there was a consolidation on one of your stock.
The book cost will be changed to zero if there has been a corporate action on your shareholding.

You will need to edit your book cost by following the steps on the link below :

All the best - Arvin

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 27/03/23 21:57
  • Posts

    • Am I able to convert my share trading account from sterling into dollars to trade with, as I mainly trade US stocks?
    • Look Ahead to 28/3/23: Australia retail sales; Ocado, Walgreens Boots Alliance, Micron results Earnings take centre stage on Tuesday with results from Micron Technologies, Walgreens Boots Alliance, Ocado, and Bellway. Watch AUD/USD ahead of Australian retail sales data. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 27 March 2023              
    • #EURUSD: Peculiar PatternI spotted a cup & handle pattern on ⚠️EURUSD on 1H time frame.1.0777 - 1.0783 is its neckline.If the price breaks and closes above that, I will expect a bullish movement.Goals will be 1.0843 / 1.0894If the price sets a new low, the pattern will become invalid.
  • Create New...