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DaveX

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    CFD Commission - Unbelievably HIGH

    in New Client Trading Questions

    Posted

    Considering closing my account due to CFD trading costs and no customer service.

    Yesterday did a CFD on $CTRM - 300 shares $0.92 - When I closed my position @ $0.99 I was charged £95.14 so only came out with £58 profit!!!

    IG don't answer the phone, the support chat are unable to explain the charge, emails are ignored

    Absolute joke

     

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

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