Jump to content
Sign in to follow this  

Wheres my money gone!

Recommended Posts

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.

Share this post


Link to post

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

Share this post


Link to post

Yes its far easier trading the demo account! They dont include all those extras!

Harsh if you are new to ig? No fee generally, on cfds, however the spread can be...lets say.....suspect!

Dan    

Share this post


Link to post

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! 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,432
    • Total Posts
      63,189
    • Total Members
      83,905
    Newest Member
    Dawei
    Joined 20/09/20 21:14
  • Posts

×
×