Yearly broker costs (wake up call)

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10/13/2021 at 7:46 AM #179531 quote

JS
Participant

Senior

This morning I had a (long) telephone conversation with IG about the excessive costs on my cost overview. After some confusion and a few transfers, someone could tell me that my costs for the past year are not € 3262.54 but € 1631.27 (half, which is a lot better).

So you sent me the wrong cost overview?

No, because the costs on the cost overview are doubled… the summary of the costs is again a summary of… all in all a very confusing report so…

10/13/2021 at 8:39 AM #179534 quote

snucke
Participant

Veteran

i would suggest you change your base currency to fit the market you are trading in, it reduces alot of conversion of currency cost.

i think my annual report had a bit more even….. although i am not losing so i just accept that there will be costs of using their platform

then i do not think there are any better brokers refering to costs of having a trade open?

10/13/2021 at 9:56 AM #179557 quote

PeterSt
Participant

Master

JS wrote:

No, because the costs on the cost overview are doubled… the summary of the costs is again a summary of… all in all a very confusing report so…

This is exactly what I initially wrote this morning, but I found it too stupid to present to you guys, so I scratched that text. But I can be honest too … I made the same mistake. And once I found out, it was easy to match. And of course more reasonable and to more my expectations.
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Yearly broker costs (wake up call)

General Trading: Market Analysis & Manual Trading

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JS @js Participant

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This topic contains 32 replies,
has 7 voices, and was last updated by PeterSt
4 years, 3 months ago.

Topic Details

Forum:	General Trading: Market Analysis & Manual Trading
Language:	English
Started:	10/11/2021
Status:	Active
Attachments:	9 files

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