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Beginner: buying UK shares question


Radobi

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Hi,

I am looking into buying BP shares. It was trading at £233. When I enter a quantity of 1 share, I get that the cost is £10.35 (see picture below). Can someone please explain why it is showing this figure instead of the actual trade price of £233?

 

20200318_185419.thumb.jpg.bd35005035964b244749ca6026cf7b97.jpg

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15 hours ago, Radobi said:

Hi,

I am looking into buying BP shares. It was trading at £233. When I enter a quantity of 1 share, I get that the cost is £10.35 (see picture below). Can someone please explain why it is showing this figure instead of the actual trade price of £233?

 

20200318_185419.thumb.jpg.bd35005035964b244749ca6026cf7b97.jpg

BP PLC is quoted in pence, so one share isn't £233, it's £2.33. The rest is the commission we charge. 

I hope this helps. 

You can find our share dealing commission fees here: https://www.ig.com/uk/investments/share-dealing/costs-fees

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