Can anyone help me understand account value vs profit?

[Guest Paul333]

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.

[Guest alg123]

In a similar situation and also interested in answers to this.

[Guest Duncspur]

Yup, I'd like to know too please.

[trade247]

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.

[Guest Duncspur]

Many thanks @cryptotrader!