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bBeing blocked from buying due to consideration fee?
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Guest Novice27,
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The price shown on the graph is the price after the IG's fee taken. That is the reason for discrepancy. -
I am a relatively newbie. I have seen similar and also have seen automated closed position has a loss though the close price I have set was above the price I have bought. After about 6 months with a lot of mysterious losses though my closing price was above the opening price, I discovered this was because of the amount charged for opening/closing a position. This is right below BUY and SELL boxes on the right in very small font. This amount vary from 0.9 to 33 or more depending on the level of trading at the time you open or close. It also happens (god knows why it is set to be so, except that the trader is not watching) when there is a lot of buying and selling going on, like an important news has suddenly been out and the result was not the market expected. As a result, I delete all my automated BUY/SELL values before I stop trading for the day. Remember, the the software is set up to favor the IG, not the retail seller. That is why 70% or more end up in loss.
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Question
Guest Novice27
I opened an ISA account to buy shares, but have just discovered IG's minimum consideration fee is 90 pounds.
I have 4000 pounds remaining to buy shares for my ISA and would like to buy 4000 pounds worth of shares in one company, but I'm being blocked from buying due to the consideration fee only amounting to a total of 52 pounds and not their minimum 90 pounds.
What options are there?
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