Commissions don’t add up

[Guest Grimace]

Hi,

I am currently trading an AUD CFD demo account as I am looking at switching my account over to IG. The commissions don’t align to the stated 0.08%.

 

i.e I am trading a $25,000 position. Commission should be 0.08% which is $20 each way. However, I am getting charged $40 each way.

 

Can anyone help me understand the commission structure? Am I missing something in the fine print?

 

 

 

[knicol46]

I agree with yourself the commission from an IG AUS account to trade IG AUS CFD is 0.08% per side (min $7) which would come to $20 each way.  Worth trying $10,000 position to see if the commission is $8 or $16? 

On shares there can be a different commission rate if trading over certain amounts - its possible that $25,000 may be on that limit.  Worthwhile phoning IG for an answer would be interested to hear the response.

thanks