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Understanding IG Charges.


Guest 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

 

 

 

 

 

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Hi , thanks for the post.

 

I've asked your account manager to give you a call on Monday to walk you through the platform and any questions you have as a new trader with us!

 

Anything else please feel free to post on here.

 

Thanks,

Hannah

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