What are the fees and charges associated with trading digital currencies on IG Markets Australia?
Himanshu DuttaMar 21, 2024 · a year ago1 answers
Can you provide details on the fees and charges that traders need to be aware of when trading digital currencies on IG Markets Australia? I would like to know the costs involved in trading cryptocurrencies on this platform.
1 answers
- Mcdaniel DemirJun 11, 2023 · 2 years agoWhen it comes to trading digital currencies on IG Markets Australia, there are fees and charges that you should be aware of. The main fee is the spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is included in the price you see on the platform and can vary depending on market conditions. Additionally, there may be overnight funding charges if you hold positions overnight. These charges are calculated based on the size of your position and the interest rate associated with borrowing the cryptocurrency. It's important to review the fee schedule on the IG Markets Australia website to understand the specific fees and charges for the digital currencies you are interested in trading.
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