Jump to content

Can anyone help me understand account value vs profit?

Recommended Posts

Hi all,

 

 

I'm not quite sure about my account value numbers vs my profit numbers.

I bought some shares at an account value of £16,077. I don't quite understand why my profit is £344 and yet my account value only went up roughly by £176.

I'm new to all this so would love to be educated about why this could be?

Additional info - from the UK and bought USA shares. Commission should be at $15 and placed two purchases on the shares.

ig snipp dashboard.JPGig snipp.JPG

Share this post


Link to post

I think you'd have to get someone at IG to look into this one specifically but I can image its to do with the change in FX rates between the USD and GBP. Appreciate this thread is quite old, but this may help @Duncspur

So put simply the trade profit went up by say 2% or £200, but the actual FX difference went down by maybe 1.3% or £130 (totally arb examples there) and thus your actual account balance is only going to be 0.7% higher or £70.

  • Like 1

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      6,067
    • Total Posts
      26,616
    • Total Members
      33,733
    Newest Member
    Kliffer
    Joined 20/01/19 18:15
  • Our picks

    • What's wrong with predictions?
      Join the IG conversation on Community. "There's lots of talk about 'the smart money' banks, institutions, pension funds and the like but not much about the others side of the coin, 'the dumb money', why is that - it's because they just aren't influential to the market. The collective size of the dumb money is dwarfed by the big money to the point of being irrelevant."
        • Great!
        • Like
      • 3 replies
×