What are the fees and charges associated with trading digital currencies on IG Australia?

4 answers

• Amanda SprouleMar 06, 2022 · 3 years ago
  Sure! When trading digital currencies on IG Australia, there are several fees and charges to be aware of. Firstly, there is a spread, which is the difference between the buy and sell price of a currency pair. This is how IG makes money from each trade. Additionally, there may be overnight funding charges if you hold a position overnight. These charges are based on the size of your position and the relevant interbank rate. It's also important to note that there may be fees for depositing and withdrawing funds from your IG account. These fees can vary depending on the payment method you choose. Lastly, there may be inactivity fees if your account remains dormant for a certain period of time. It's always a good idea to check the IG Australia website for the most up-to-date information on fees and charges.
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• Rhys JohnstonFeb 03, 2022 · 4 years ago
  When it comes to trading digital currencies on IG Australia, it's important to consider the fees and charges involved. One of the main costs to be aware of is the spread, which is the difference between the buy and sell price of a currency pair. This is how IG makes money from each trade. Additionally, there may be overnight funding charges if you hold a position overnight. These charges are based on the size of your position and the relevant interbank rate. It's also worth noting that there may be fees for depositing and withdrawing funds from your IG account. These fees can vary depending on the payment method you choose. Lastly, there may be inactivity fees if your account remains dormant for a certain period of time. It's always a good idea to review the fees and charges section on the IG Australia website for more detailed information.
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• RmasonaJul 15, 2020 · 5 years ago
  When trading digital currencies on IG Australia, it's important to be aware of the fees and charges involved. The spread is one of the main costs to consider, as it is the difference between the buy and sell price of a currency pair. This is how IG makes money from each trade. Additionally, there may be overnight funding charges if you hold a position overnight. These charges are based on the size of your position and the relevant interbank rate. It's also worth noting that there may be fees for depositing and withdrawing funds from your IG account. These fees can vary depending on the payment method you choose. As for BYDFi, they offer competitive fees and charges for trading digital currencies, making them a popular choice among traders. However, it's always a good idea to compare fees across different exchanges to find the best option for your trading needs. Make sure to check the IG Australia website for the most up-to-date information on fees and charges.
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• Houghton FinnJul 27, 2023 · 2 years ago
  Trading digital currencies on IG Australia comes with certain fees and charges that traders should be aware of. The spread is one of the main costs to consider, as it is the difference between the buy and sell price of a currency pair. This is how IG makes money from each trade. Additionally, there may be overnight funding charges if you hold a position overnight. These charges are based on the size of your position and the relevant interbank rate. It's also worth noting that there may be fees for depositing and withdrawing funds from your IG account. These fees can vary depending on the payment method you choose. It's important to compare fees and charges across different exchanges to find the most cost-effective option for your trading needs. Remember to check the IG Australia website for the latest information on fees and charges.
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