By ScalperAndy · Posted
By DominicWalsh · Posted
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
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Really sorry if it's been asked before but couldn't find the info.
Can anyone please breakdown how the commission costs works on a share dealing account, especially for the first month, as I couldn't find the information I was looking for on here: https://www.ig.com/uk/investments/share-dealing/costs-fees
e.g. If I opened an account on 1st Nov and made 3 trades that month on US shares I will be charged £10 commission on each trade, totalling £30?
The next month, because I've traded 3 US shares in the previous month I won't pay any commission? And this will be true as long as I continue to make 3 trades per month?
So if I'm not in a rush to buy shares it would be kind of pointless doing any more than 3 trades in my first month as I'll be charged £10 for each one? I may as well wait to trade in month 2 as there is no commission? Ignoring the fact I may lose out if share prices go up in month 2, is the above correct?
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