
HeadBeeGuy
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Technically you can never have free US trading, right?
HeadBeeGuy replied to HeadBeeGuy's topic in Shares and ETFs
Sorry I didn't find your posts originally after trying to search in the bar, but you're echoing my own experience there, Davy. It is definitely poor service, and I would say it's not unfair to call it deceitful practice. It's their most advertised feature. The absolutely rubbish FX rate means constant commission is a necessity, and with that is the issue you've mentioned. A structure for a flat fee to pay for short term investment/trading really would be great but is elusive here it seems, and instead we've been very much misled with the marketing. -
Technically you can never have free US trading, right?
HeadBeeGuy replied to HeadBeeGuy's topic in Shares and ETFs
Aye. You have to pay a trade fee for the illusion of free trades🤐 -
Hi Folks, The platform advertises that you need to place three or more trades in the previous month to avail of the free trading on US stocks (no $15 commission) for the subsequent month. However, even with that commission fee gone you're going to have to pay IG for the currency conversion each time. You're going back and forth between buying and selling, GBP to USD to GBP ...this will equate to a lot of money. So, you've realised the above and to avoid this really ridiculous and expensive merry-go-round you turn on multi-currency feature, right? In your head you think: "I wan
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Features you want added to IG
HeadBeeGuy replied to CharlotteIG's topic in General Trading Strategy Discussion
Two things I would add, one being a very important addition, another just a great feature upgrade: - Have a currency breakdown that is easy to view. - You could be simultaneously holding USD and GBP whilst trading shares but it just gives a pound overall value. Yet, what happens with my dividends and account management fees? Are my US dividends paid with IG taking a conversion cut? Is there a second round of conversion cut to reinvest this dividend? If I have dollars, are they converted for account fees, thus making them higher? There's very poor clarity up front on the -
So, it's much like a pending amount. Thanks for the clarification, very helpful!
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I've it too, it's very unusual. What could we 'owe'. It's a massive amount. Can anyone shed light on this? @CharlotteIG