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Fletch

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Fletch last won the day on July 12 2020

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  1. It comes as no surprise - it was fairly clear from the growing level of hysteria last March where this was ultimately heading. Give it a few months and we'll be:
  2. The suits are already rubbing their hands in anticipation, it will doubtless all be the fault of those selfish, ignorant people who haven't had the jab. Yet more coal for their pyre.
  3. Commission fees apply to both sells and buys. I was under the impression that the commission on Australian shares was 0.1% with a minimum of $10 rather than a flat fee - at least that's what is claimed on their charges page
  4. The custody fee is only payable if you have made no trades in the quarter. Any trade you make will offset the custody fee - making three trades during a quarter will cause the fee to be waived entirely.
  5. To be fair, it's nothing to do with IG - for whatever reason those instruments do not not meet HMRC rules to be included in an ISA, and so it doesn't matter who the ISA provider is. There are a lot of stocks/ETFs that are simply ineligible for inclusion in ISAs
  6. Not sure what you were looking at, but I've just looked at the price of Alliance Pharma on IG and it's 94.5p - you're not getting it mixed up with the commission charge by any chance?
  7. You will be able to add more funds to the existing ISA. However you will only be able to do this once the new ISA year begins (6th April I think) as you have already used all of your allocation for this (tax) year.
  8. As detailed in the link below, the custody charge is per client rather than per account, so there shouldn't be multiple charges. The fee is also offset by any trades you make during a quarter. If you make three deals (from any of your accounts) in a quarter, then the custody fee is waived entirely. https://community.ig.com/forums/topic/3398-uk-share-dealing-and-isa-custody-fee/
  9. IG doesn't have that functionality. All your trades will be in the history which can be downloaded as a CSV and, with a bit of work, sorted to give the separate trades for each share. The other option is to maintain a record of your trades on the fly in a separate portfolio management tool.
  10. Would be nice, but I can't see it happening. To be honest, I would be happy to just have a say over whether a broker can pimp my shares around. Ultimately, I guess the argument is that the fee the broker gets from lending clients' shares out offsets the commission the clients' are charged, so they are indeed indirectly paid from the process. The whole thing stinks though.
  11. https://www.ig.com/uk/help-and-support/accounts-and-statements/my-accounts/how-does-a-demo-account-differ-from-a-live-account#:~:text=Trades made through the demo,grounds of size or price 'Trades made through the demo account will not be subject to slippage, interest and dividend adjustments, or out-of-hours price movements'
  12. Buying and selling are counted as separate transactions - so you would be looking at three transactions of any type (so £30) to qualify for the zero commission on US stocks. However, bear in mind that there is also a 0.5% fee for currency conversion which will always apply ('free' is rarely ever truly free). I can't comment on CFDs as I personally don't touch them.
  13. To be honest, if you look around some of the other paid brokers, you'll find IG is probably one of the cheapest out there in terms of both commissions and custody charges. It might be worth having a look at some of the free providers to see if they might be a better fit - I had a brief look around recently and Freetrade looked interesting (though I haven't actually tried it, so I can't comment on whether it is any good or not).
  14. Not sure in that case - the share dealing account should be there as a separate option. You might have to contact customer service about it - if you can get hold of them. Maybe they've stopped accepting new accounts - I think they put a temporary block on new accounts after the GME shenanigans, but I thought it had been lifted.
  15. Probably also depends on the type of account being opened - share dealing accounts are likely to have a lower entry criteria (whatever it may be) as you are funding all purchases yourself, rather than using leverage with a CFD/SB account.
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