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Reduced dealing fee would be useful


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Would be very useful to offer a lower commission rate when trading say £250 or less on illiquid stocks, market maker or penny stocks for example.  The bid/offer spread can usually be wide and deter those smaller investors/traders and a lower trading fee would certainly be of benefit.  This would probably activate even more investors/traders on board for those type of trades.  

£250 buy trade would require a 4% gain to breakeven (assuming £5 dealing fee each way).   £200 would require 5%, £150 would require  6.66% and £100 would require a 10% gain just to breakeven.   The % would be higher if on the standard trading fee of £8.      

If you had a low volume of shares remaining to sell that did not fill in full from a limit order you could potentially take advantage of a newer lower trading rate for that smaller volume.

An option for the near future for IG to consider

 

thanks 

Edited by knicol46
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