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Fletch

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Everything posted by Fletch

  1. I generally make the minimum number of trades per month to maintain the reduced fees and waive the quarterly charge. I think DRIP has been requested for a good number of years, but I suspect catering for the whims of share dealers/investors isn't very high on IG's list of priorities. Fundamentally, IG is a SB/CFD provider and that is likely where it makes the bulk of its money and thus where it mainly focuses its development (though looking at the forum, I sometimes wonder if it is really developing that side of things all that much either).
  2. Personally, I'd be amazed if the true fatality rate was anywhere close to being that high. I have more fear of dying in a freak exploding teapot accident than popping my clogs to covid. Maybe the government needs to be a bit more stringent in its persuasion.
  3. If you are share trading, you may also want to be aware of the following from the charges & commisions page to save you any nasty shock. *Note for multi-currency accounts: These figures apply to clients who opt for the default setting of 'instant currency conversion'. Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks.
  4. Ahhh, why am I not surprised - after a brief google, I see it's already a thing: https://www.forbes.com/sites/brucelee/2020/04/27/can-farts-transmit-covid-19-coronavirus-here-is-what-is-being-said/#2bf2ac60310f Stop the world, I really want to get off.
  5. What's the position on farting (apart from bent over with a grimace). These are the serious questions that have to be answered. Do I have to wear an **** mask?
  6. I had an email from IG helpdesk a few weeks back asking if I would be interested in joining their research panel. I think they mentioned that anyone that had opened a position in the last six months was 'on the list'. If you sign up I think every few months they will get in touch regarding 'projects' - could be anything from your experience of using IG, to testing out new products. Later on they mentioned face to face interviews and focus groups when the covid situation allows. It's not really my thing, and to be honest I don't have a lot of spare time at the moment to be bothered with it, but if you want to get involved and haven't been emailed,then it might be worth contacting the helpdesk about it. I don't think it's entirely unpaid - they mentioned something about Amazon vouchers as recompense.
  7. I guess the next big thing will be the realization that shops, buses, trains etc. actually need a certain volume of paying customers to make a profit and stay in business rather than the slow trickle of an old man's prostrate currently allowed under the distancing measures. I saw someone refused entry to a bus yesterday because it was 'full'. It had four people on it.
  8. Not all ETFs can be traded on an ISA due to taxation rules (beyond the control of IG). There are also some ETFs that are available, but IG will only allow 'professional' clients to trade. Safest bet is to use the tool that screens the ETFs available for trading on an ISA wrapper. https://etfscreener.ig.com/?cols=AssetClass,Currency,NetAssets,PrimaryExchange,ReturnM12&filters=GlobalSector,ISA,LeveragedFund,UCITS&map=null&ISA=Yes&page=1&sortCol=NetAssets&sortDir=-1
  9. Shhhh, I was under the impression that the minimum charge for not using their automatic currency conversion was $15 - at least that's what it says on their charges and commissions page: '*Note for multi-currency accounts: These figures apply to clients who opt for the default setting of 'instant currency conversion'. Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks.'
  10. Put 'verification' in the forum search box and it will probably give you a multitude of threads that will give an indication. I suspect a week will be highly optimistic. IG's customer service since lockdown seems to be slightly left of woeful - with the reported surge in accounts you might have thought they'd have invested a bit more into it.
  11. I believe it was put to the web development team for consideration a few years ago - Needless to say, they are still thinking about it...
  12. Nor do I. IG would doubtless claim extenuating circumstances due to the covid situation. Ultimately depends on whether you would want all the additional time and hassle to make a point. It's unlikely you would up with anything extra by going to the ombudsman, except possibly a dose of piles as you sit around waiting.
  13. Can't really argue with that. Providing of course you want to wait it out for an 'official' investigation.
  14. Not really what I said, or indeed anything remotely like it.
  15. I believe your favourite purveyor of roll d' sausage is reporting tomorrow. Could well be hardcrust.
  16. Really? Are they denying financial responsibility for it? Can't see how this would need to go to an ombudsman - clearly seems to be caused by a technical shortcoming on their part.
  17. As far as I am aware, the £1000 exemption only applies to buying shares via a stock transfer form. There is no consideration when buying electronically.
  18. In the first instance they go to IG. IG then redistributes the dividends to individual investors.
  19. Just as a caveat - bear in mind the following from the commisions and charges page: *Note for multi-currency accounts: These figures apply to clients who opt for the default setting of 'instant currency conversion'. Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks.
  20. No, I as far as I am aware both accounts are aggregated, so there is only one quarterly charge (but don't quote me on that).
  21. There are a limited selection of ETFs/Investment trusts, though not all are available for putting in an ISA due to tax rules, and I think there are some that IG will only allow 'professional' clients to trade (apparently too complex for us mere mortals). There is a screening tool that shows the availability of ETFs on IG https://etfscreener.ig.com But yes, my feeling is that IG concentrates on its CFD/SB service, and to be fair that is what it is known for. It offers share trading (possibly as a means of attracting further clients into CFD/SB trading), but I think you'll find the level of share trading options and service do not rival more dedicated providers such as HL. Ultimately, you pays your money and you takes your choice...
  22. Fundamentally, I think the main focus of IG is on the provision of CFD/Spreadbetting accounts, because that is where they make the most money. Share trading is a bit of a poor second cousin, and the options available probably reflect that. However, short of the 'free' companies, IG's charges for share trading are about the lowest out there. I do something similar to what you want to do, though obviously every month I have to make the investments myself rather than have it happen automatically. It's not a big deal for me, and I prefer to do it with IG rather than pay for the privilige of an 'automatic' option with someone like HL.
  23. I do not have an IG Smart portfolio so I cannot say for certain, but my interpretation on how they work is that you decide on an overall risk profile and then pay into them - the actual investments are chosen by the manager of the scheme and not by you. It's a bone of contention amongst many people, but IG doesn't have much in the way of automatically investing in stocks of your own choice other than manually trading them yourself (which of course will be subject to the normal dealing charges).
  24. If you want your deposits to be automatically invested, then IG Smart Portfolios are probably the only option IG provide that is close to what you are looking for, the charges are listed as being 0.72% per year for holdings <£50,000 : https://www.ig.com/uk/investments/smart-portfolios However, bear in mind that beyond the level of risk you want to take on, you have no say in the investments that your money gets funneled into.
  25. The waiver based on a holding of £15,000 or more is only applicable to IG Smart Portfolio investments - shares/funds in a normal share/self managed ISA account do not count towards the total. In this case the only way to avoid the custody fee is to make the minimum number of trades per quarter (3).
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