Jump to content

Stock pricing question?


GodAtum

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

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
      23,562
    • Total Posts
      96,860
    • Total Members
      44,137
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    1Richard1
    Joined 28/11/23 21:55
  • Posts

    • Because of this, it's wise for traders to thoroughly investigate exchanges before choosing one. I exclusively deal with cryptocurrency exchanges that have declared proof of reserve in the wake of the unfortunate events that saw some go bankrupt and others hack. Because of what I've heard traders say about Bitget and the fact that it met my requirements, I had to start using it right away. Therefore, I'd advise DYOR to choose whatever best meets your needs.
    • The Santa Rally – Christmas Growth in the Stock Market. You may well of heard of the ‘Santa Rally’. It’s a commonly discussed stock market theory. It is the basic concept that the stock markets, particularly the major indices, show positive returns on the run up to Christmas and the New year. Myth or legend? We look at the stats.  As you can see from the below table the FTSE100 rose in price in 12 of the 15 years. That’s 80% of the time. The average difference was 1.95% https://moneysandi.com/the-santa-rally-christmas-growth-in-the-stock-market/ Anyone had any experience of trading this?  #trading #money #trader #investing #investment #crypto #stockmarket #stocks #business #invest #entrepreneur #finance #investor #daytrader #daytrading #trade  #wallstreet #wealth #santarally #finance
    • It all boils down to the exchange's dedication to protect customers' assets. Apparently these exchanges that haven't recorded any hacks for 5+ years of functioning like the case of the first exchange you mentioned, are working behind the scene to make it happen. HTX and the likes need to do more and save the industry’s reputation already. 
×
×
  • Create New...
us