IG Index Spread Betting Charges | Forex Factory

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IG Index Spread Betting Charges

  • #1
  • First Post: Jul 5, 2017 11:51am Jul 5, 2017 11:51am
I have a spread betting account with IG Index.

I've recently noticed a fee on my account history that I've not heard of before..

It is shown as a withdrawal and is described as "FX Funding correction for 03/07/17"

Anyone have any idea what that is about?

Thanks in advance.
  • #2
  • Jul 10, 2017 6:34am Jul 10, 2017 6:34am
Quoting Phil2015
I have a spread betting account with IG Index. I've recently noticed a fee on my account history that I've not heard of before.. It is shown as a withdrawal and is described as "FX Funding correction for 03/07/17" Anyone have any idea what that is about? Thanks in advance.
Think they having some tech issues. I had same problem.

'We do not charge a funding connection fee but if you are referring to the 'funding correction for 4/07/17' that is in reference to the daily FX interest which was not correctly instated to your account. Our relevant teams are working to correct the positions that were snapshot at the wrong time hence why the £0.20 interest was refunded.'
  • #3
  • Last Post: Jul 13, 2017 7:56am Jul 13, 2017 7:56am
Quoting Phil2015
I have a spread betting account with IG Index. I've recently noticed a fee on my account history that I've not heard of before.. It is shown as a withdrawal and is described as "FX Funding correction for 03/07/17" Anyone have any idea what that is about? Thanks in advance.
I had the same issue..... and have today lodged a complaint with the Financial Ombudsman, my "Correction" was for 1600GBP and 799 GBP BLEW me UP !!!!! there seems to be BIG problems with their systems.....
Next Stop...... The Aston Martin Showroom
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