Jump to content

trading shares/CFDs


Guest OllyB777

Recommended Posts

Guest OllyB777

Hi,

I've recently moved to IG from Etoro and just getting my head around the new fee system.

Let me see if i have this right;

As an example - i bought x amount of shares for Tesco (single trade). I sell them at £40 profit an hour later. The fees are; the spread AND a trading fee of £10? the CFD fees are only applicable overnight? Is that the only fee or is there also commission on top?

would this be correct? also i noticed on the demo account that fees aren't brought up in the history section. In which case i was wondering how to actually find a record of them within the account. Apologies for the lame questions - seems the spreads are better here at IG - but the interface isn't as intuitive.

Just want to get these questions sorted before i open the live account.

 

Thanks,

Olly

Link to comment

on a CFD account I guess you have the unavoidable market spread and the commission as you stated - yes. If you hold the position over 10pm then you will also have an overnight cost like you said. Basically seems like you're right in your understanding.

costs are on the statements overnight and in the My IG area

Link to comment
Guest OllyB777

thanks for help!

I'm also guessing i'm right that each trade has an initial fee (i think its £10). does that come off as soon as you put on the trade - or after (i'm guessing at the start as you might clear your account through loses by the time its closes...)?

thanks you!

Link to comment
Guest OllyB777

So i think i see it is (as i'm in the uk);

£10 per trade commission. however if the trade is was a large sum and 0.1% was higher (ie if the trade was £20,000 it would be 0.1% as that would be £20).

So i'm assuming from my demo account - these fees don't show up? As nowhere does it show this in my trades or balances (ie fees). Perhaps they leave this off and it isn't simulated. 

Link to comment
On ‎12‎/‎02‎/‎2019 at 15:27, OllyB777 said:

So i think i see it is (as i'm in the uk);

£10 per trade commission. however if the trade is was a large sum and 0.1% was higher (ie if the trade was £20,000 it would be 0.1% as that would be £20).

So i'm assuming from my demo account - these fees don't show up? As nowhere does it show this in my trades or balances (ie fees). Perhaps they leave this off and it isn't simulated. 

should be correct yeh - commission is taken immediately on the buy and the sell side as soon as you confirm the trade / click. Looks like not in demo accounts tho.

Link to comment
Guest DanielaIG

Hi @OllyB777, yes you are correct.

When dealing on shares, there is a commission for entering and exiting the trade, both on CFD and Share dealing. These charges are taken from your account when you open the position and then when you close it.

As you mentioned, there is also an overnight funding charge on CFDs and a borrowing cost if you are going short the share.

You can find our charges and commissions on the following links.

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

Share dealing: https://www.ig.com/uk/investments/share-dealing/costs-fees

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,097
    • Total Posts
      92,953
    • Total Members
      42,474
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    scobes2
    Joined 17/05/23 10:51
  • Posts

    • Look ahead to 2/6/23: US jobs; Baker Hughes rig count After the stronger than expected private payrolls number from ADP, risks would seem to be on the upside for the US non-farm jobs number on Friday.  Jeremy Naylor | Analyst, London | Publication date: Thursday 01 June 2023  IGTV’s Jeremy Naylor looks at USD/JPY as a potential trade. Outside of this watch Brent around the Baker Hughes rig count.            
    • What's the next move following the bank run that led to a rally in US stocks? The markets have been giving us hints on its coming trend, which markets are they? Deploying market psychology not only helps us to connect the dots in today’s complexity, it also gives us the simplicity to chart into the future. In this session, we have invited market veteran, Wong Kon How, to help you improve your trading literacy and successfully navigate the financial markets. Kon How will demonstrate how he understands today’s market complexity and seizes the coming opportunity with behavioral science.  
    • Charting the Markets: 1 June Dow and CAC40 stabilise while Nasdaq 100 edges down. EUR/USD, EUR/GBP and USD/CAD stabilise as US debt ceiling bill goes to Senate. And Brent, orange juice stabilise while copper advances as US debt ceiling bill gets signed. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 01 June 2023               This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
×
×
  • Create New...