So I set up an IG account for some small time CFD trading.
I'm a little confused and pissed because it's charging me $17 a pop to open AND close trades??
I was trading Nasdaq shares. Isn't the spread supposed to be more like 2c a share? (I was trading small).
Doesn't the broker usually just takes a cut by adding a small pip difference to the displaying prices??
Can someone enlighten me, why did it cost me almost $120 to open and close 3 trades???
It'd be cheaper to trade CFD's on friggin Commsec.