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Minimum Consideration


Guest mithril

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Guest mithril

I'm sure this is an extremely basic question, but I can find absolutely no reference anywhere in IG official documentation to the specific message I'm receiving when trying to buy a share;

 

"Minimum Consideration - the consideration of your order is below the minimum allowed (£90)"

 

I understand what consideration is, but is this message basically saying I have to massively overpay for a share if I'm only trying to buy a single one? Only some shares seem to cause this issue so I'm at a loss as to what the issue is.

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On 04/08/2017 at 16:48, mithril said:

I'm sure this is an extremely basic question, but I can find absolutely no reference anywhere in IG official documentation to the specific message I'm receiving when trying to buy a share;

 

"Minimum Consideration - the consideration of your order is below the minimum allowed (£90)"

 

I understand what consideration is, but is this message basically saying I have to massively overpay for a share if I'm only trying to buy a single one? Only some shares seem to cause this issue so I'm at a loss as to what the issue is.

The consideration is the price of shares x the amount of shares. 

If a share cost £1 you would have to buy 90 shares to hit the minimum consideration. The reason there's a minimum consideration is due to the commission you pay. We wouldn't want someone buying a £1 share but paying £15 commission when buying and selling. 

All the best 

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