How does IG calculate trading costs for cryptocurrencies?

3 answers

• Cod LinAug 13, 2020 · 5 years ago
  Sure! When it comes to calculating trading costs for cryptocurrencies on IG, there are a few factors to consider. First, IG charges a spread on each trade, which is the difference between the buy and sell prices. This spread can vary depending on market conditions and the specific cryptocurrency being traded. Additionally, IG may charge a commission on certain cryptocurrency trades. The commission fee is usually a percentage of the trade value. It's important to note that the trading costs can also be influenced by the size of the trade and the type of account you have with IG. Overall, IG aims to provide transparent and competitive pricing for cryptocurrency trading.
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• Negative 0o0Dec 31, 2021 · 4 years ago
  IG calculates trading costs for cryptocurrencies based on the spread and commission fees. The spread is the difference between the buy and sell prices, and it represents the cost of trading. The commission fee, if applicable, is an additional cost that may be charged on certain trades. These costs can vary depending on market conditions, the specific cryptocurrency being traded, and the size of the trade. IG strives to offer competitive pricing and transparent cost structures for cryptocurrency traders.
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• Joey_GeJan 13, 2023 · 3 years ago
  When it comes to calculating trading costs for cryptocurrencies, IG takes into account the spread and commission fees. The spread is the difference between the buy and sell prices, and it represents the cost of trading. The commission fee, if applicable, is an additional charge that may be applied to certain trades. These costs can vary depending on market conditions, the specific cryptocurrency being traded, and the size of the trade. It's important to carefully consider these factors when trading cryptocurrencies on IG to ensure you have a clear understanding of the potential costs involved.
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