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Stamp Duty and Commission in Book Cost


Jpn

Question

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. 

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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 :
https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/how-do-i-edit-my-book-cost

All the best - Arvin

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