CFD trade costs

[GB49]

Closing CFD trades, if you are closing a position of 1000 cfd,s in multiples of 100 cfd's per trade within an hour. Is it correct to have been charged £15 per 100 cfd's sold. IE 10 x £15 (£150) Had I sold the full 1000 in one trade would have cost £15. Doesn't seem correct to me. 

Edited March 5, 2023 by GB49

[OfentseIG]

On 05/03/2023 at 11:39, GB49 said:

Closing CFD trades, if you are closing a position of 1000 cfd,s in multiples of 100 cfd's per trade within an hour. Is it correct to have been charged £15 per 100 cfd's sold. IE 10 x £15 (£150) Had I sold the full 1000 in one trade would have cost £15. Doesn't seem correct to me. 

Hi @GB49

Hi there, your query remains unclear. Can you please provide us with more information and context so we can help you resolve it? 

Thank you so much, 

OfentseIG

[GB49]

If I closed my position in one trade of 1000 cfd's I believe I would have been charged a total of £15.

I closed the 1000 cfd's in multiples of100 cfd's at a time, 100 x 10 and was charged £15 per trade of 100 cfd's each time. This resulted in a charge of £150.

Surely if I closed 1000 cfd's in a single trade at a cost of £15, the fact that I chose to close the same amount of cfd's in multiples and not a single trade the difference in cost of £150 in relation to the £15 seems very excessive to me and I am querying if this is in fact correct.

[OfentseIG]

On 11/03/2023 at 09:56, GB49 said:

If I closed my position in one trade of 1000 cfd's I believe I would have been charged a total of £15.

I closed the 1000 cfd's in multiples of100 cfd's at a time, 100 x 10 and was charged £15 per trade of 100 cfd's each time. This resulted in a charge of £150.

Surely if I closed 1000 cfd's in a single trade at a cost of £15, the fact that I chose to close the same amount of cfd's in multiples and not a single trade the difference in cost of £150 in relation to the £15 seems very excessive to me and I am querying if this is in fact correct.

Hi @GB49

Thanks for reaching out and clarifying your query. 

Even after one instruction to close all, I believe it would still charge you for the different positions as each would close separately even if it is at the same price. This would still charge you commission of £15. 

All the best, O.D