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SpaceStationX

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Everything posted by SpaceStationX

  1. I'm trying to figure out the difference in fees between a Share Dealing Account and a CFD account. For CFD when buying a US stock there is a £10 fee. Another fee of £10 comes in when the stock is sold, for a total of +£20 in commission fees on a single buy/sell trade. Does a Share Dealing account also incur both a buying fee of £10 and a selling fee of £10 for a total of +£20? Or is there only a £10 commission fee for a buy and sell trade? According to this https://www.ig.com/uk/investments/share-dealing/costs-fees if +3 trades were made in the previous month, then there would be £0 in commission fees going forward. If I open a Share Dealing account and incur £60 in commission fees on the first three trades, would there be no commission fee for the 4th trade and onwards? (as long as +3 trades are fulfilled each oncoming month) Or would I pay £20 commission fees per each trade for the entire first month? Does the month count from the first trade that I make, or from a predefined date? Thank you kindly!
  2. Looking here https://www.ig.com/uk/investments/share-dealing/costs-fees it would make sense that a commission of £10 for a trade on US shares is taken, unless your previous month had at least 3 trades. If account is new, 'previous month' doesn't exist yet, so you would pay £10 for each trade. What I don't understand is why you get x3 WITH for a single purchase of a share.
  3. I want to open a share dealing account and I'm following this https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/how-do-i-open-a-share-dealing-account Unfortunately I do not see an option to open a share dealing account on that page. If I go to https://www.ig.com/uk/investments/share-dealing and try to create a new account, it will not let me as it says I already have one. It then points me back to my dashboard in order to open a share dealing account, where again, there is no option to open that type of an account. How should I proceed?
  4. I wanted to open a share dealing account indeed, but to my surprise, the only option available was to open account for CFD. I was unable to either untick CFD as an option and no other options were available.
  5. Came here to ask the same question. Just tried opening an account, 25 years of age with a full time job and I was refused because I don't meet the criteria... criteria which is not listed anywhere. How can I know if I meet the criteria in the future if they don't list the criteria anywhere? If you want me to earn 100k, then just say that 100k income is required....
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