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fangol

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Everything posted by fangol

  1. I am unable to transfer funds from my share dealing account to my ISA account as it says there are 0 funds available in all accounts. I think from previous posts this may be because the ISA account has become "inactive" due to no trading activity in the past year but I am unable to open an additional ISA account as a workaround. I need to transfer £13k from my share dealing account to use some of my isa allowance but there seems to be no way to do this!
  2. I work for Amazon and am transferring 20 Amazon shares into my IG account from my Morgan Stanley US account. A couple of questions here: 1. When converting the currency what do IG charge the interbank exchange rate or are there any extras? It mentions here https://www.ig.com/au/share-trading/charges "we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus a spread of just 0.7%". Does that mean if the exchange rate is 1.3791 the IG rate will be 1.3791*0.07% = 1.3800 exchange rate. 2. Am I right in thinking I don't pay the 0.5% charge for purchasing US shares because I am transferring them in? 3. Are there any other hidden charges I need to be aware of when selling the shares? I understand it's free unless I choose to convert currencies manually. I am checking this because an advisor has told me they use TorFX but I can't see the benefits of this if IG only charge 0.07% above the interbank rate. Thanks
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