IG and selling stock - They round up costs you ££££13 Sep 2019 17:02
Hello all, just been talking to another #bou investor on Twitter and they thought i should post here to let you know
I use IG and tried to set a sell order today
I bought the stock at .02 and then bought again and avgd up to .0249.
Tried to set a sell order @.031 and find that IG ticket only allows 2 digits
This means that say you want to sell 10m @.039, you are only able to sell at .03 or wait to sell at .04 or .05
This could mean £900 on a transaction of 10m shares on top of the spread
I am appalled,surely, you cannot sell someone an instrument and then say we dont take them back, we round up??
I want to complain to @TheFCA and will contact the @financialtimes
Its hard enough to trade, they take a commission, wide spreads and then tax on top for anyone buying stocks like these which are 10ths of pennys
Just giving you guys the heads up so you know the deal
This is looking very positive and if your broker is anyone other than Ig you should be ok