Jump to content
  • 0
Sign in to follow this  

Share dealing commissions

Question

On a share dealing account if I’m trading US stocks and etfs will I get charged $15 when I buy a stock and $15 when I sell the stock or etf on the same day or just one payment of $15? 

Share this post


Link to post

4 answers to this question

Recommended Posts

  • 0

@cstocks,

If what @AbDXB1345 suggests is correct then that is awful. In the UK spread betting eliminates such charges when taking a position on stocks but I appreciate it is not available in the US. 

Where are you based? Are you based in the US?

Share this post


Link to post
  • 0
54 minutes ago, TrendFollower said:

@cstocks,

If what @AbDXB1345 suggests is correct then that is awful. In the UK spread betting eliminates such charges when taking a position on stocks but I appreciate it is not available in the US. 

Where are you based? Are you based in the US?

based in the uk but would prefer to just pay commission on the ig share dealing account rather than taking the spread

Share this post


Link to post
  • 0

@cstocks,

That is fine but may I ask why you prefer paying the commission over the spread?

For example how much more cost effective is it paying the commission both ways over paying the spread? I do not know the answer but it would be very interesting to know the difference in costs on the same position for both spread betting and share dealing service. 

As an investor I would and do not use any of IG's services. I only use them for my trading and this is via spread betting for tax efficiency. You use the word 'trading' in your original message and not 'investing'. If you are trading shares rather than investing in them then I am just wondering the reason for choosing the share dealing service over say CFD's and spread betting.

You may have done the calculations and can demonstrate that it is far more cost effective to trade equities using the share dealing service ahead of say spread betting. It will be interesting to know the difference. As I mainly trade Commodities and Cryptocurrencies then the share dealing service is not appropriate for me but I can understand for equities it could be. 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   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.

Sign in to follow this  

  • IG ISA Season

  • Member Statistics

    • Total Topics
      6,389
    • Total Posts
      28,409
    • Total Members
      37,291
    Newest Member
    LordEarlo
    Joined 21/03/19 08:02
  • Our picks

    • APAC brief - 21 Mar
      Market action proves it again: this market hinges on the Fed: The US Fed has proven itself as the most important game in town for traders. The FOMC met this morning, and lo-and-behold: the dovish Fed has proven more dovish than previously thought; the patient Fed has proven more patient that previously thought. Interest rates have remained on hold, but everyone knew that was to be the case today. It was about the dot-plots, the neutral-rate, the economic projections, and the balance sheet run-off. On all accounts, the Fed has downgraded their views on the outlook. And boy, have markets responded. The S&P500 has proven its major-sensitivity to FOMC policy and whipsawed alongside a fall in US Treasury yields, as traders price-in rate cuts from the Fed in the future.


      The US Dollar sends some asset classes into a tizz: The US Dollar has tumbled across the board consequently, pushing gold prices higher. The Australian Dollar, even for all its current unattractiveness, has burst higher, to be trading back toward the 0.7150 mark. Commodity prices, especially those of thriving industrial metals, have also rallied courtesy of the weaker greenback. Emerging market currencies are collectively stronger, too. This is all coming because traders are more-or-less betting that the Fed is at the end of its hiking cycle, and financial conditions will not be constricted by policy-maker intervention. Relatively cheap money will continue to flow, as yields remain depressed, and allow for the (sometimes wonton) risk-taking conditions that markets have grown used to in the past decade.
        • Great!
        • Like
      • 0 replies
×
×