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Everything posted by oxgu

  1. Hi all, I have just created my demo CFD account on IG and needles to say that I am a total beginner to trading of any sort but would like to check some of the basic stuff with more experienced users. Any answers/comments will be greatly appreciated! So, what I have got on my demo screen is the following positions: I can see on the transaction list some small and varying charges labelled with "Long Interest for ... " which I assume what are called as overnight charges for my long positions. The formulas for these are explained with examples on IG website which I am happy quite with. What I am curious about are the following points. Am I right to think that opening positions with UK shares, e.g., Glaxo, Lloyds and Rolls Royce, causes me to get charged by £10 per position whereas this is $15/position when you want to trade US shares, e.g. Tesla as above? Am I going to be charged again at the same rate when I want to close these positions? Why am I not being charged at all when I trade with US Tech 100 Cash (£1)? I assume there is no charges involved in trading FX currencies? I previously opened and closed an FX position and could not see any related charges on my transaction list? Apologies if these sound basic questions but I would like to cover the basics before I open an actual account. Thanks!
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