RE: L2 help, please?7 Dec 2021 15:05
Bless you for taking the time to respond MFM.
I see you picked up their "best execution" term/promise rather than "best offer", my memory of it. You realised it is tantamount to the same for our purposes here. So thanks for that.
I like consistency, and that is what I find at TG's doorstep.
Yesterday I referred to 2.5p after someone else posted.
The price , yet again, was not 2.5p ( 2.55p!)
When challenged last time, he pointed to the value of last trade!
So here is the last trade as reported by LSE here
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
06-Dec-21 15:09:38 2.64 373 Sell* 2.50 2.60 9.85 O
Does he quote 2.64p? DHF! Consistent? Yes - a con man!
Thanks for your response too Swan, good to see you stick your neck out :O) , the message I am getting is that it is worth my while to contact IG and get it from the horse's mouth.
If they do not approve I'll lose nothing, and if the commission rate for DMA is a minimum of $30 (which I saw somewhere) then I am definitely better off sticking with L1 only.
Saxo's L1 commission is less than $10 , rising to something like $57 for DMA/L2 , a bit crazy.
I have well over a million shares in the bank , so apart from the forthcoming options or other placings , I am content to simply keep my IG head above their Custodial charges with 3 x £3 freuent trader trades on £90+ , the minimum transaction value. Luckily my main broker, X-O, do not charge custodial charges! But they do not allow foreign stocks e.g. TOU:ASX to be held, hence the IG account.
The sun has come out 5 hours late, it is Poppy time if I can find my boots!
The wind has dropped too! "We're from Bournemouth! Sunny , sunny, Bournemouth!" is back.
Thanks guys.