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Ela

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About Ela

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  1. Seems IG takes 0.5% profit at sell and buy time and exchange rate fluctuates at sell and buy times too. I don't know if IG allow to keep your fund in USD , trade in USD and keep profit in USD at convert at your discretion to avoid losing at each trade. My current understanding is , if we make 5% profit on a trade and USD/GBP fluctuate in your benefit by 1% you almost make 5% profit , since 1% IG conversion rate is covered but if exchange rate fluctuates against your benefit by 4% , your 5% profit is gone through 1% IG and 4% FX rate. IF you find out how to set multi currency , please let us know.
  2. ISA has to stay in GBP , IG converts USD to GBP + 0.5%. At least this is my understanding. .
  3. 0.5% of value at every exchange , sell side + buy side = 1% in the meantime , currency fluctuation risks , for example buy time - sell time = 4% loss or gain , 1% for IG + 4% exchange loss = 5% of your trade value . If your profit is 6% in USD , your profit become 1% in GBP .
  4. Hi That's a good questions. As far as I know , you can put currency conversion on manual mode.
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