Fletch

Withdrawal is paid back to a funding credit/debit card as a refund

20k of funding. And yes, for most people, in the short term it probably won't save you tax, because you wouldn't be earning enough from the shares to liable for it anyway. However, over the course of 10, 15, 20 years of investment, the story might be very different.

A lot of ETFs are not eligible for putting in an ISA. I think there is a tool somewhere on this site that has a filter to remove those that aren't eligible.

Yes. I believe they are classed as flexible ISAs so the only limitation is that you cannot go over the £20,000 per tax year. And of course you can only have one of them per year.

The ISA is just a wrapper that protects the investments from UK tax. Other than the funding limitation (£20,000 per tax year) and some restriction on the type of ETFs that can be put in an ISA, they are essentially the same thing. IG's ISA page: https://www.ig.com/uk/investments/isa

It's an AIM share that is traded in low volumes, probably for good reason. Low revenue company with high debt. No doubt they are on the verge on producing the next 'big thing'. Probably a cure for the coronavid snuffle. I'm no day trader, but if I were, it wouldn't be my first choice, or probably my millionth choice either for that matter.

I've just tried logging in, and it seems that all my positions are showing at the moment. Though whether or not they stay that way is another question. But yes, the frequency of these 'glitches' lately isn't the best for customer confidence.

Logging in this morning, I found all my positions were missing. Looked again a few minutes ago and most were back, but there were still two missing off the list (UK shares). Whilst I don't doubt that the problem is related to weekly maintenance, and the missing items will be back by Monday, the number of these 'glitches' is somewhat concerning, and doesn't inspire great levels of confidence in their systems. I daresay, the current grand farce may also be contributing to these problems with staffing shortages.

ISA trades count towards share dealing since they are essentially the same thing. Whilst I don't deal in spreadbets, I would say it is unlikely that they would count towards commission/quarterly fee reduction in share trading as the instrument and charging structure is entirely different.

There were some problems earlier this month where the reduction in fees wasn't being correctly applied. Might be worth contacting the helpdesk if you made three trades last month and you are still being charged full price this month.

Not every other month - if you don't maintain three deals a month you will lose the zero commission deal (and don't forgot the 0.5% FEX fee)

I don't think it matters whether you deal in the ISA account or the share account - they both count (as far as I am aware). I only deal in my ISA account at the moment, and can verify that it counts towards the discount

I believe that they would if you specifically request it, but like I say they would almost certainly charge for it. It would probably also depend on the type of account you have. Bear in mind that if you are dealing regularly, then it would be impractical to send out a postal statement every time you made a transaction. Ultimately, it's something you would have to raise with IG if you really want a paper statement - try contacting their helpdesk (email might be best given the current circumstances) rather than wait for an 'official' response on here. Ultimately, you'd likely have to set it up through their helpdesk anyway.

Generally, no. Statements are sent via email. Even if you could convince them to send you paper-based statements, it would almost certainly be charged as an additional service.

You might find this thread useful https://community.ig.com/forums/topic/9586-charges-fees-ig-clarification/?ct=1588854865 Generally, you are correct in that the dealing reduction is applied on a monthly basis. If you are not currently eligible for the reduction, then all dealing in the current month will be at the full commission, irrespective of how many trades you make. If you make three trades this month, then from the beginning of next month you will be eligible for the reduced rates. To maintain the reduction in fees you need to maintain the three trades a month. Selling a share counts as a trade in the same way as buying a share. Making three trades during a quarter will also mean that the quarterly charge is waived.

Hmmm, yeh no idea. Perversely, I'd quite like what you have with the multiple entries.

That's what it does - at least it does on my system. I only have one line for multiple price entries.

On my platform, the average price is listed under positions. If it is not being shown on your system, you may need to add the column with the add/remove columns options.

Unfortunately, I suspect a 'tiny drip' of dividends will be somewhat of an exaggeration this year. Covid 19 has been an excellent excuse for many (though not all) of the real 'fat cats' to wriggle out of paying anything back. As to being the cheapest, yes I already know - I reviewed providers before joining. IG probably makes the bulk of its money from failed CFD traders rather than share dealing accounts.

Not really sure that the majority of people within that chain could in any way be described as 'fat cats', but irrespective, no it's not your responsibility. That's exactly it. If you don't like it, go find somewhere whose service level matches the price you are willing to pay for it. I would anticipate that's what everybody would (or should) do whenever they entrust their money with a broker.

You think it's only about data? What is that data stored on? What does it cost to run? What does it cost to maintain? What does it cost to house securely? What does it cost to meet the regulations surrounding holding that data? What does it cost to employ people to answer queries relating to that data? The list goes on... Yet, clearly, it can be done more cheaply as 'free' trading services wouldn't exist if it couldn't. But those services are usually only free if you trade within the set limitations. Any extras will come at a cost. Ultimately, you choose your model and you pay your price. The competition isn't currently strong enough to stop IG shrugging its cash-laden shoulders and telling you to go elsewhere if you think the grass is greener.

Yeh, especially when you're not the one that's paying for it.

Whether you trade frequently or not as an investor depends largely on your strategy. It may be true that you don't trade frequently, but it 'aint necessarily true. I largely adopt a drip strategy to investment (and especially so at the moment). However, irrespective of that, you'll find pretty much all brokers will charge some form of admin fee on top of trade commissions. Others will charge an inactivity fee. Some brokers will even charge both (and considerably more than IG charge). I'm not against people asking for the fees to be reduced, but ultimately when it comes to fees, IG are already at the cheaper end of the market. As to whether or not fees should be charged if you are not trading - you can make that argument, but equally IG can argue that they are giving you an ongoing service by holding your shares and administering dividend payments.

Bear in mind that the quarterly fee is waived if you make three trades during the quarter.

On the commissions/charges page: https://www.ig.com/uk/investments/share-dealing/costs-fees 2 cents per share charge with a minimum of $15 if you do the conversion manually.