Jump to content
  • 0

Understanding IG Charges.


FarisA

Question

I am new to trading on IG and I would like to better understand the charges. 

 

Recently I opened a CFD account (Australian) with $1000 AU.  I made my first trade today and sold (short) 3 shares in Tesla @ $260 US per share. The price of the stock went down and my P&L was at around  +$12 US and I closed my position. 

 

Currently my account has $976 AU in funds (down from $1000 AU) and my P&L are shown as $0. 

 

I know IG has a minimum comission of $15 US for US Shares. Could someone please walk me through the maths/detail of the charges and why the $12 US profit is not displayed? Also how do the charges change if I trade after hours?

 

Please note that I closed my position after hours (after 4pm Eastern Time). Below is a screen shot of my trades, note that the time is in Sydney (Australia) time. 

Screenshot_20170224-092545.png

 

 

 

 

 

Link to comment

1 answer to this question

Recommended Posts

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      20,018
    • Total Posts
      88,015
    • Total Members
      69,012
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    salerno7098
    Joined 27/09/22 22:08
  • Posts

    • Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. Elliott Wave  US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Makret News: Options activity hints U.S. stock market has not reached bottom- Barclays Stock Market Summary: Elliott Wave Count: Wave (ii) or (iv) depending on the stock. Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B),Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: The market is still trending lower in the medium term. Continue on the short side of the market and short the corrective rally today. We are holding wide stops through wave fours and will exit at Wave 5 of (1) Video Chapters 00:00 NASDAQ 100 03:59 Apple (AAPL) 08:08 NVIDIA (NVDA) 10:31 Amazon (AMZN) 15:18 Meta Platforms (META) 17:22 Netflix (NFLX)  22:09 Enphase (ENPH) 24:26 Tesla (TSLA) 30:27 Alphabet (GOOGL)  32:02 Microsoft (MSFT) 34:10 Berkshire Hathaway (BRK.B) 37:27 Block Inc. (SQ)  39:05 Banks JPM, GS 51:01 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • The market debut of German sports car maker Porsche is looking like it will be at the top end of expectations. IGTV’s Jeremy Naylor explains how will impact on Volkswagen. vow    
    • What markets to trade on Wednesday: USD/JPY, AUD/USD, Dax & BOO With economic data key on Wednesday IGTV’s Jeremy Naylor looks at how it would affect the Yen, the Aussie and the Dax. On the corporate agenda Boohoo (BOO) delivers H1 earnings.          
×
×
  • Create New...