How does IG calculate charges for cryptocurrency transactions?

3 answers

• Prakash NNov 25, 2022 · 4 years ago
  Sure! When it comes to calculating charges for cryptocurrency transactions on IG, there are a few factors to consider. First and foremost, IG charges a spread on each trade, which is the difference between the buy and sell prices. This spread acts as a fee for executing the trade. Additionally, IG may charge overnight funding fees for holding positions overnight. These fees are based on the size of the position and the relevant interbank rate. It's important to note that the fees and charges may vary depending on the specific cryptocurrency being traded. I hope this helps! If you have any more questions, feel free to ask.
  629

  315
• GuiOct 05, 2021 · 5 years ago
  IG calculates charges for cryptocurrency transactions by applying a spread on each trade. The spread is the difference between the buy and sell prices, and it represents the fee for executing the trade. In addition to the spread, IG may also charge overnight funding fees for holding positions overnight. These fees are based on the size of the position and the relevant interbank rate. It's worth noting that the fees and charges may vary depending on the specific cryptocurrency being traded. If you have any further queries, don't hesitate to ask!
  550

  184
• Mst Sorna AkhterJun 24, 2021 · 5 years ago
  When it comes to calculating charges for cryptocurrency transactions, IG uses a spread-based pricing model. This means that the charges are determined by the difference between the buy and sell prices, also known as the spread. The spread acts as a fee for executing the trade. In addition to the spread, IG may charge overnight funding fees for holding positions overnight. These fees are based on the size of the position and the relevant interbank rate. It's important to keep in mind that the fees and charges may vary depending on the specific cryptocurrency being traded. If you need more information, feel free to ask!
  625

  157