IG boosts fees transparency for leveraged accounts

After many traders mentioned that the fees and charges were confusing, online trading major IG has created a new link on the deal ticket to improve communication of charges for Leveraged accounts.

The “Learn More” link opens a pop-up with information on charges from:

• CFD commission (shares & ETFs);

• overnight funding;

• FX conversion fees.

“We‘re still looking at ways to improve this for the future so we’re open to suggestions which is you could comment below will be appreciated by our development teams”, IG says.

Its good to see that IG is enhancing its trading solutions. Lately, the company appears to have been focused on adding new assets to the trading instruments offering.

Speaking of platform improvements, lets recall that, in June 2020, IG added a new trade analytics tool, designed to help traders evaluate and improve their trading performance. Accessible directly in the platform, it enables traders to:

• Gain deeper insight into winning and losing trades

• Identify and eliminate expensive trading mistakes

• See their total returns, including all fees and adjustments

• Monitor how much a trader pays in costs and charges

This feature can be found in the ‘live accounts’ tab in My IG. To get access to it, select ‘trade analytics’ on the left-hand menu.

Stay tuned on WikiFX, more news to come!