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Han7

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About Han7

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  1. Han7

    Tesla shares

    Think its going to reach new heights before Dec1?
  2. Hi, I have a simple question that doesn't seem to be getting answered. From my AUD account, If I buy US shares now from my share trading account what would be the fees and commissions etc in Manual currency conversion vs instant currency conversion when I buy and sell. Since these are going to be my first 3 trades on IG platform this quarter: For example if I buy 10 US shares at 500 and sell them at 510 will that mean I will pay 5000*.007 = 35$ + 5000*0.001 = 5$ = Total 40$ Commission to buy And then if I sell them at 510$ later on: 5100*.007 = 35.7$ + 5100*.001 = 5.1$ = Total 40.8$ So to open and close a position I will pay 80.8$ is that correct. So if instead of 10 shares i buy a 100 shares i pay 808.0$ in conversion fees and commission just to open and close a position of 50000 is that correct? Secondly if I switchover to manual conversion does this mean that I pay the 80.8$ initially on any buy trades but at sell time it just gets deposited back into my IG acount in USD separate balance this time? Thanks, H
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