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Wheres my money gone!


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Hi All

Started trading on here on the 15th. Bought some US stock, waited and sold it for profit and according to my account history made $190.70USD, now the interesting bit.

given £10x2 charges that IG take plus $0.13 commission by the time I'm back into GBP on the history I have 66.34 profit. How?? if exchange rate is 1.22 ish, (cant find it now) gbp should be 154 less fees?

What am I missing. 

Done subsequent USD profit trades making IG £120 in charges so far and all are showing low return in GBP.

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so after a bit of digging i have found that there are obviously the £10 per trade fees as im in the first month, the minimal .10c section 31 fee and the 0.5% FX fee! gulp which looks like this on my trades so far (ive left out the bigger numbers this is derived from. the FX fee seems to be a bit hidden as it's not listed out anywhere.

First two lines show quite a difference as one was 600 shares and the other 150 both almost the same value.

image.png.908a3be10a6d00df569f52e8f259677e.png

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spread killed me yesterday - was bouncing between 2.8 and 4 and I had a 10 point stop loss in place - suddenly volatility increased and spread jumped to 10 points auto triggering my stop loss! - my trade lasted 3 seconds!!

The guys at ig.com were pretty sympathetic, explained process to me and it turns out it can happen - hard lesson learned! 

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