Jump to content
  • 0
Sign in to follow this  

CFD Commissions & Charges - Confusion

Question

Hello All,

I've been using IG recently as a demo for Spreadbetting, but I am leaning more towards CFDs in conjunction with ProRealTime Premium. The question I have is, what are the CFD commissions for US/UK shares? They state 0.1% in most places but when you dig deeper is also states £10 per transaction - is it both? If so, seems to make it hard to use CFDs via IG for day trading scalping.

Any help would be greatly appreciated.

Many thanks,

J

Share this post


Link to post

3 answers to this question

Recommended Posts

  • 0
52 minutes ago, SixEight said:

Hello All,

I've been using IG recently as a demo for Spreadbetting, but I am leaning more towards CFDs in conjunction with ProRealTime Premium. The question I have is, what are the CFD commissions for US/UK shares? They state 0.1% in most places but when you dig deeper is also states £10 per transaction - is it both? If so, seems to make it hard to use CFDs via IG for day trading scalping.

Any help would be greatly appreciated.

Many thanks,

J

Hi, there are 2 basic types of account, leveraged or non-leveraged and the two have different costs, it's easy to get them mixed up.

The non-leveraged is the Share Dealing account where you buy and sell shares on which you pay spreads and commissions (£10 per transaction).

Leveraged is a CFD account where you can trade shares (and everything else) CFDs  and again pay the spread and also a commission but which is far less than the commission on buying the actual shares (0.1%) 

see this page on Shares CFDs;

https://www.ig.com/en/help-and-support/cfds/fees-and-charges/what-are-igs-shares-cfd-product-details

  • Like 1

Share this post


Link to post
  • 0

Hi @Caseynotes, I've been following a lot of your posts on here which have been invaluable, thanks for replying to this one. I was getting really confused as the CFD Shares and ETF page was stating 0.1% commission plus the £10. 

 

So just to clarify, you pay the Spread on FX, Indices but you pay a commission (0.1%) for Share CFDs? Think link with the examples seems to imply the minimum charge does apply: https://www.ig.com/en/cfd-trading/charges-and-margins

Share this post


Link to post
  • 0
Posted (edited)
55 minutes ago, SixEight said:

Hi @Caseynotes, I've been following a lot of your posts on here which have been invaluable, thanks for replying to this one. I was getting really confused as the CFD Shares and ETF page was stating 0.1% commission plus the £10. 

 

So just to clarify, you pay the Spread on FX, Indices but you pay a commission (0.1%) for Share CFDs? Think link with the examples seems to imply the minimum charge does apply: https://www.ig.com/en/cfd-trading/charges-and-margins

The commission fee is the value of the position x 0.1%. If this comes in less than £10 then the minimum charge (£10) is paid instead. You also pay the spread.

Yes, everything else there is no commission you just pay the spread.

Do take note of the overnight interest charge though, usually this is fairly minimal but as with Oil just lately can suddenly sky rocket.

Edited by Caseynotes

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.
Answer this question...

×   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  

×
×