Jump to content

Stock pricing question?


Recommended Posts

From what I can read, IG charge a "setup" fee for new accounts? Say I setup a new account, make 100 US stock trades in the 1st month, I'm charged £1000. But in the next month if I make 100 US stock trades it's free?

So the best way to get around this is to take the £30 hit and only trade 3 shares in the 1st month?

Or am I wrong and it's actually £10 for the 1st 2 shares, then free thereafter in the 1st month?

Edited by GodAtum
Link to comment

Hi @GodAtum

Thanks for reaching out, we wouldn't call it a setup fee for new accounts because if at any point you make less than 3 trades in a month then you will go back to paying GBP10 per trade in the next month. You would then need to place at least 3 trades in that month to qualify for free commissions in the next month. However you are correct that in your first month you will be charged GBP10 per trade on US shares and need to place at least 3 trades to qualify for free commission for the next month. See the following link for more info: https://www.ig.com/uk/investments/share-dealing/costs-fees

All the best, 

Anda

Link to comment

Hi @GodAtum

That depends on the account type, leverage yes. But for non-leverage this is not possible. You can make your share dealing a multi-currency account but in this case you lose the free commission benefit. 

All the best, 

Anda

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
×
×
  • Create New...