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commission on a demo account?


Guest steve

Question

Very new to this, so apologies if the question seems daft. I have completed CFD trading and Spread Bet trading on a demo account and just wanted to confirm that "imaginary" IG commission fees are taken out of the demo £10,000.00 accounts? So after all trades/positions are closed, what evers left in the equity is mine? I can see the difference in Funds when I trade CFDs (where a commission fee would be, roughly £12 on a US stock) but nothing when I make a Spread bet trade. Am I right in thinking IG fees have already been taken from the initial spread and is (in a way) visible when the trade is live ,in the +/-profit loss section of a position? If so is there anything else left to pay when the trade is finished? 

Also, I'm aware of an inactivity fee over a set period on a live account, but is there any other fees over the year I would have to pay? In short, if I was just to place Spread bets with you frequently throughout the year, ( 5-6 times a week), would I a have to pay any other fees?

 

Thanks

Steve

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Guest DanielaIG

Hi Steve,

Yes, the profit/loss you see on the trade when it is open includes the spread that IG charges, so if you were to close the position that is the profit/loss you will receive. This applies for all products on spreadbetting, and CFDs on everything but shares. With CFD on shares, you the profit/loss that is shown on the live position is the difference between the buy and the sell price, IG's commission will be charged separately. When you have no open positions, your equity is essentially your funds, as there is no running profit/loss to add/substract to it.

There is an overnight funding cost for holding cash positions through 10 pm UK time.

Please visit the following link which gives a detailed explanation on what our charges and commissions are:

https://www.ig.com/uk/spread-betting-cfds-charges

If you have any further queries do not hesitate to contact be by @ tagging me in the post.

Regards,

Daniela

 

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