Beginner: buying UK shares question

[Radobi]

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?

 

[CharlotteIG]

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?

 

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

[Radobi]

On 19/03/2020 at 10:31, CharlotteIG said:

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

Thanks a lot Charlotte this clarifies it