Jump to content
  • 0

3 trades in previous month


David88

Question

Hi.  I am trying to avoid the £10 transaction fee.  I have done 3 trades this month,  March and paid £30 fees.  Do I now have to wait until 1st April to do a transaction free of the £10 charge?  The preview still shows a £10 charge.

Link to comment

9 answers to this question

Recommended Posts

  • 0
14 hours ago, David88 said:

Tried phoning the helpline but it was on hold forever.  Any wisdom appreciated - happy to wait till April,  I’d just like to know how it works.

Hi, I don't use that type of account but you might find more info here https://www.ig.com/uk/investments/share-dealing/costs-fees

If no one from the forum is able to answer might be worth repeating the question early next week and tag IG admin so they will be notified they were mentioned in a forum post like @CharlotteIG

  • Great! 1
Link to comment
  • 0
On 12/03/2020 at 18:38, David88 said:

Hi.  I am trying to avoid the £10 transaction fee.  I have done 3 trades this month,  March and paid £30 fees.  Do I now have to wait until 1st April to do a transaction free of the £10 charge?  The preview still shows a £10 charge.

Thanks for your post. 

It does have to be 3 trades in the previous month. So if you've made three trades in March you will get free share dealing commission for US shares in April. 

All the best.

Link to comment
  • 0
On 17/03/2020 at 09:23, CharlotteIG said:

Thanks for your post. 

It does have to be 3 trades in the previous month. So if you've made three trades in March you will get free share dealing commission for US shares in April. 

All the best.

Hi Charlotte,

So it's based on calendar month i.e. if you made 3 trade on 31st March you would get free dealing commission in April from the 1st April?

Another question - if you make 3 trades on UK shares does this mean you have free commission the next month on US shares as well, or just UK shares? and vice versa. @CharlotteIG

 

Thanks,

Ed

Link to comment
  • 0

My question is on a similar theme.

Keeping the context of the thread, are 3 trades on the 31st March actually going to give concessions in April , or will they be in May?

i.e. is the month determined by the transaction date (March) or is it by the settlement date (April)?

I found this thread looking for the answer!

I do 3 trades at frequent trader rates (£3 each to avoid the regular charge of £8 each) plus I need not worry about about Custody charges of £24 per account per quarter.   Incidentally I have an ISA and a Nominee account merely because I cannot hold options in my ISA!   IG are superb imho, 3 trades on one of them (or maybe  (untested) 2 on one and 1 on the other)   gives frequent trader status and waiver of Custody fees on BOTH accounts.

I saw today 3 trades in a QUARTER is enough to waive Custody charges so I have been doing 3 trades per month unnecessarily.  I am wasting £1 each month splitting one trade into 3 (3 x £3) rather than one trade at £8 but to regain frequent trader status I'd need to spend 3 x £8 and have to wait for the month to change - so I'll continue with it.

Todays prie is low , and I might be wise to buy today , but I'd risk having 6 trades in April and none in May - so I'll wait until Tuesday.

 

 

 

 

Link to comment
  • 0

Not quite my scenario but transaction date applies for tax purposes - so I am right to wait as was the author of this thread it seems?

Is a stock sale reportable based on trade date or settlement date?
 
In most cases, tax law considers the trade date as the date on which a gain or loss is recognized. If you sell a stock at a gain on December 31, you are responsible for any capital gains tax in the current tax year, even though the trade won't settle until the next year.21 Jul 2021
Link to comment
  • 0
On 29/04/2022 at 12:42, OzzieHolder said:

My question is on a similar theme.

Keeping the context of the thread, are 3 trades on the 31st March actually going to give concessions in April , or will they be in May?

i.e. is the month determined by the transaction date (March) or is it by the settlement date (April)?

I found this thread looking for the answer!

I do 3 trades at frequent trader rates (£3 each to avoid the regular charge of £8 each) plus I need not worry about about Custody charges of £24 per account per quarter.   Incidentally I have an ISA and a Nominee account merely because I cannot hold options in my ISA!   IG are superb imho, 3 trades on one of them (or maybe  (untested) 2 on one and 1 on the other)   gives frequent trader status and waiver of Custody fees on BOTH accounts.

I saw today 3 trades in a QUARTER is enough to waive Custody charges so I have been doing 3 trades per month unnecessarily.  I am wasting £1 each month splitting one trade into 3 (3 x £3) rather than saving money on one trade at £8 but to regain frequent trader status I'd need to spend 3 x £8 and have to wait for the month to change - so I'll continue with it.

Todays prie is low , and I might be wise to buy today , but I'd risk having 6 trades in April and none in May - so I'll wait until Tuesday.

£1 each month is not a big amount you should worry about.

Edited by Kalle20
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
      21,279
    • Total Posts
      90,908
    • Total Members
      41,392
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Reggie123
    Joined 06/02/23 19:54
  • Posts

    • Look Ahead to 07/02/23: RBA; GB Retail Sales; BP, BNPP earnings Australia’s central bank is likely to deliver a fourth consecutive quarter-point interest rate hike, after further tightening by the Fed, the ECB and the BoE. Brace for UK retail, earnings from BP (BP) and BNP Paribas (BNPP). Also, look out for US trade balance figures and Halifax house price data ahead of key UK growth data out later in the week.    Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 06 February 2023        
    • Hi, I am practicing certain strategies in demo account. I have created few screeners but when i tried to buy or short sell different stocks shortlisted based on screener conditions, i am getting different kinds of errors. Some stocks you can buy but can't short-sell and so on. I searched in the forums and i understand different restrictions such as market cap should be so and so. Are these rules defined somewhere?  for e.g. one forum reply says market cap should be above 10 billion otherwise you will get second message in below list. However even i try to short sell a stock that has £30 billion market cap, i get the same error.  1. IG is not accepting opening trades on this market, you may only place an order to close. 2. Market you have requested is not longer available online Any suggestions on the above will be greatly appreciated. Thank you.
    • Charting the Markets - February 6, 2023 FTSE 100, DAX and S&P 500 tiptoe lower following strong US jobs report. EUR/USD and GBP/USD are topping out while EUR/GBP rallies. And gold, Brent crude, and natural gas head lower, as payrolls strengthen the dollar.                         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...