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Lack of transparency


Guest giutor

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Guest giutor

Hello,

 

I came to know about the minimum amount of £90 for buying US shares AFTER I opened the account. I based my choice on what I read here:

 

https://www.ig.com/uk/investments/share-dealing/costs-fees

 

The above limit IS NOT mentioned in the above page. 

 

How does a customer come to know about that limit BEFORE joining IG?

 

This is not truthful at all, rather I would say it's a DODGY behaviour...

 

Giutor

 

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yes  and , lucky for you there are some excellent brokers operating out of Israel and Cyprus should you need them.

No I didn't know about minimum size either but not to worry, nothing lost hey.

 

See http://www.financemagnates.com/forex/bloggers/differentiating-good-bad-brokers/  to see how brokers have to operate to provide a service and stay solvent, personally I wouldn't persevere if I was dissatisfied, good luck.

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Hi   Fair point, of coarse you haven't actually lost anything and now you are better informed when you contact other brokers and know what questions to ask. I would be interested to know if you have found how other brokers approach this, IG doesn't do micro lots as do some brokers and given that the US prefer a hefty individual share value I suspect many other brokers don't offer US shares at all. All brokers have a minimum on all instruments which often relates to the volume of through put, less traded instruments (as US shares traded in the UK would be) are going to attract a higher minimum.

 

 

 

I would encourage anyone to look at the 'good broker, bad broker' article, it is very informative.

 

goodbad.PNG

 

 

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Guest giutor

My topic is clearly entitled: "LACK OF TRANSPARENCY".

 

That minimum amount MUST be stated somewhere for the customer to know all the pros and cons before joining. This is a dodgy behaviour.

 

You keep trying to deviate the post.

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