For a detailed breakdown of CFD costs and charges by asset class please refer to the Product Details:
Costs and charges
See your opportunity, trade it for less. Get spreads from 1 point on the FTSE 100 and Germany 40, and US Crude spreads from just 2.8 points.
Find out more about what you’ll pay for your trading, and why, here.
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Contact us: 1800 601 799
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Contact us: 1800 601 799
How much does it cost to trade with IG?
- Spread/commission
- Other charges
- Account charge
Trade spreads from 0.6 points on key FX pairs, 0.8 points on major indices, and 0.1 points on commodities.
Commission fees from $7 or 0.08% for Australian listed shares.
There may be other potential charges and factors which could influence how much your trading costs.
Only when applicable
Opening an account with IG is free.
$0
You’ll pay a A$18 fee on the first of every month if you’ve not used your account to deal for two years or more.
A breakdown of our trading costs
When you trade on leverage, you’ll need to consider – the spread, or a commission in the case of share CFDs. You’ll also want to consider some other potential charges and factors which may influence the cost of your trading.
- Direct costs
- Other potential charges
- Other factors that are relevant to the cost of your trading
back
- The spread or commission
back
- Overnight funding
- Guaranteed stop premiums
- Extra services
back
- Margin
- Slippage
- Volume based rebates
back
The spread or commission
The spread is the difference between the bid and ask prices, and can vary depending on market conditions. In most cases we charge our own spread on top of the market spread, as our fee for the trade. Spread charges apply to CFD trades for all markets except shares.
For every shares CFD trade, you’ll pay a commission instead of a spread.
Read more about IG's spreads and commissionOvernight funding
Overnight funding is the charge you pay for keeping cash CFD positions past the daily cut off time, we’ll make an interest adjustment to your account to reflect the cost of funding your position, plus a small admin fee.
For futures, you do not need to pay overnight funding, because we build that cost into the spread.
Read more about IG's overnight funding
Guaranteed stop premiums
When you have a guaranteed stop attached to your position, we apply a small fee if it's triggered, called the premium. For share CFDs, for example, this is 0.3% of the underlying transaction value.
Read more about IG's premiums for guaranteed stopsExtra services
We charge for some extra services that you may choose to use to support your trading, such as direct market access, advanced charting packages, live data streams and more.
Learn more about extra servicesMargin
CFDs are leveraged, so when you open a trade you only need to pay a portion of its full value up front. This deposit is called the margin, and the percentage you pay can make a big difference to the affordability of your trading.
Find out more about margin at IGSlippage
‘Slippage’ is the term for when your order is executed at a price different to the one you requested. Slippage on stops will result in a loss, while slippage on limits means that you may profit more than expected.
Learn more about slippage at IGVolume based rebates
You could be eligible for monthly cash rebates based on your trading activity.
Learn more about monthly cash rebatesOur spreads and commission
The spread or commission (in the case of share CFDs) is a direct charge that you’ll need to consider when trading on leverage. You can find spreads and commissions for our most popular markets below. To see the full details for a market, follow the links.
Refer to our costs and charges document for examples of how spreads, commission and margins can affect your positions.
- CFDs
- MT4
Cash CFDs
Please note that for cash CFDs, if your position is kept open past the daily cut off time, you will be charged overnight funding.*
Indices
| Market | Minimum spread |
| FTSE 100 | 1 |
| Wall Street | 2.4 |
| Germany 40 | 1.2 |
| Australia 200 | 1 |
Forex
| Market | Minimum spread | Average spread* | Average spread (00:00-21:00)** |
| EUR/USD | 0.6 | 1.13 | 0.86 |
| AUD/USD | 0.6 | 1.33 | 1.07 |
| EUR/GBP | 0.9 | 2.51 | 1.83 |
| GBP/USD | 0.9 | 2.38 | 1.84 |
*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020.
Commodities
| Market | Contract spread |
| Spot Gold | 0.3 |
| Spot Silver (5000oz) | 2 |
| Oil - Brent Crude | 2.8 |
| Oil - US Crude | 2.8 |
Shares
With share CFDs you deal at the real market price, so we don't attach our own spread. Instead, we take a small commission when you open the position, and again when you close it.* In each instance, a minimum charge applies.
| Market | Commission per side from | Min charge (online) | Min charge (phone) |
| Australia | 0.08% | AUD7 | AUD7 |
| New Zealand | 0.09% | NZ$7 | NZ$7 |
| UK | 0.10% | £10 | £15 |
| US | 2 cents per share | $15 | $25 |
| Euro | 0.10% | €10 | €25 |
*Commissions are charged for each trade executed, per day by IG. Hence, orders like good-till-cancelled (GTC), which may be filled across several trading sessions, could result in multiple lots of commission being charged.
Crypto CFDs
| Market | Minimum spread |
| Bitcoin | 36 |
| Bitcoin Cash | 2 |
| Ethereum | 1.2 |
Futures
To speculate over the longer term, you can trade CFDs on futures for indices and commodities. We build the overnight funding charges into the spread, so that everything is included. This makes it easier to identify your break-even level on your deal.
Indices
| Market | Minimum spread |
| FTSE 100 | 4 |
| Wall Street | 6 |
| Germany 40 | 6 |
| Australia 200 | 3 |
Commodities
| Market | Value of one contract | Contract spread |
| Spot Gold | $100 | 0.6 |
| Spot Silver (5000oz) | $50 | 2 |
| Oil - Brent Crude | $10 | 6 |
| Oil - US Crude | $10 | 6 |
Cash CFDs
Indices
| Market | Minimum spread |
| FTSE 100 | 1 |
| Wall Street | 1.6 |
| Germany 40 | 1 |
| Australia 200 | 1 |
Forex
| Market | Minimum spread | Average spread* | Average spread (00:00-21:00)** |
| EUR/USD | 0.6 | 1.13 | 0.86 |
| AUD/USD | 0.6 | 1.33 | 1.07 |
| EUR/GBP | 0.9 | 2.51 | 1.83 |
| GBP/USD | 0.9 | 2.38 | 1.84 |
*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020.
Commodities
| Market | Contract spread |
| Gold | 0.3 |
| Silver | 2 |
| Oil - Brent Crude | 2.8 |
| Oil - US Crude | 2.8 |
Crypto CFDs
| Market | Minimum spread |
| Bitcoin | 36 |
| Bitcoin Cash | 2 |
| Ether | 1.2 |
Overnight funding
Overnight funding is the fee you pay for holding cash CFD positions through the daily cut-off time (typically 10pm UK time, although this may vary for international markets)* . In this event we will make an interest adjustment to your account, to reflect the cost of funding your position, plus a small admin fee.
*4.50pm (Sydney time) for AUD-denominated contracts; 8pm (New York Time) Monday to Thursday and 10pm (UK time) on Friday for all US shares
How is overnight funding calculated?
- Forex
- Indices
- Commodities
- Shares
Formula for forex overnight funding charge = nights held x (tom next* rate including annual admin fee**) x trade size.
*We take our tom-next rate from the underlying market.
**Formula for annual admin fee = cash mid price x 0.8%
Formula for indices overnight funding charge = Nights held x (market closing price x trade size x ( relevant interest rate benchmark+/- admin fee*)) / 365.
*Our admin fee is 2.5% for standard CFD contracts, and 3% for minis. If you’re long, you pay the relevant interest rate benchmark. If you’re short, you receive it.
We price our Volatility Index (VIX) and EU Volatility Index contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. Please see our overnight funding page for more details.
Formula for commodities overnight funding adjustment = nights held x (trade size x (basis* +/- IG charge**)).
*Formula for the basis = (P3 – P2) / (T2 – T1), where:
P2 = price of front future
P3 = price of next future
T1 = expiry date of the previous front future
T2 = expiry date of the front future
*Formula for the IG charge = undated mid price x 2.5% / 365. The undated mid price is a snapshot of the mid price of the cash CFD on the relevant date. If you pay the basis on your trade, the IG charge figure is added; if you receive the basis, it is subtracted.
*With the exception of spot metals, which follows the forex overnight funding charge formula.
(Read about how we price our undated commodity markets to find out how the basis will affect your position.)
Formula for shares overnight funding charge = nights held x (market closing price x trade size x (relevant interest rate benchmark* +/-2.5% )) / 365.
*If you’re long, you pay relevant interest rate benchmark. If you’re short, you receive it.
For further information and examples on overnight funding, please visit our overnight funding page.
Open an account
Fill in our simple online form
We’ll ask a few questions about your trading experience.
Get swift verification
We can usually verify your ID in just a few seconds.
Fund your account and trade
Or practise on a risk-free demo if you’d prefer.
Guaranteed stop premiums
You can protect your position against slippage with a guaranteed stop, paying a small premium only if your guaranteed stop is triggered. This guarantees that your stop is met at the level you placed it, with zero exception.
The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop.
- Forex
- Indices
- Commodities
- Shares
| Market | Knock-out premium | Guaranteed stop premium |
| EUR/USD | 1.2 | 1.2 |
| AUD/USD | 0.8 | 0.8 |
| EUR/GBP | 1.2 | 2 |
| GBP/USD | 2 | 2 |
| Market | Knock-out premium | Guaranteed stop premium |
| FTSE 100 | 0.8 | 0.8 |
| Wall Street | 2 | 1.8 |
| Germany 40 | 1.5 | 1.5 |
| Australia 200 | 1.5 | 1.5 |
| Market | Knock-out premium | Guaranteed stop premium |
| Spot Gold | 0.3 | 0.5 |
| Spot Silver | 2 | 2 |
| Oil - US Crude | 3 | 3 |
| Oil - Brent Crude | 3 | 3 |
| Market | Guaranteed stop premium |
| Apple Inc | 0.3% |
| Lloyds Banking Groupl PLC | 0.3% |
| Deutsche Bank AG | 0.3% |
| Westpac Banking Corporation | 0.3% |
Looking for share trading costs?
Buy and sell thousands of global shares and ETFs, with commission rates starting from just A$8 on Australian shares and FX conversion fees of just 0.7%.1
Extra services and charges
For CFDs, there are some extra services that we charge for.
| Service | Charge |
| Direct Market Access (DMA) | There’s no charge for using DMA to trade CFDs on forex and shares, or to buy and sell shares via our share trading service. However, you’ll need to pay a monthly exchange fee to access live DMA prices for some shares. |
| Live price data feeds | Obtaining live share prices from an exchange, whether that's to trade share CFDs or buy and sell shares via a share dealing account, incurs a monthly fee. |
| ProRealTime Charts | Subscribing to real-time charts costs $40 per month. This is refunded if you place four or more trades a month. We reserve the right to charge you for the service if your qualifying trades are of an extremely low value. |
| Account documentation fee | We charge a US$50 fee on accounts which have not supplied a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade on a US-incorporated stock. We do not apply this fee to accounts with up-to-date documentation or accounts which have not entered into qualifying trades. We will notify you if you have entered into a qualifying trade and need to complete a form. |
| Currency conversion charge | CFDs traded in a currency other than your account's base currency may incur a currency conversion charge. Our default setting is instant conversion, where foreign-currency conversion profit is converted to your base currency and funding, commission and dividend charges are taken into account before your account is credited. We also offer daily, weekly and monthly conversion settings. Our standard charge is 0.5%. |
| Service | Charge |
| Direct Market Access (DMA) | To access DMA trading for share CFDs, you may need to pay a monthly exchange fee*. The exchange fees are visible on the data feed options, in MY IG settings. Forex Direct has no monthly exchange fee. This feature will allow you to trade on reduced spreads, however, you will be charged a variable commission. |
| Live price data feeds | Obtaining live share prices from an exchange, whether that's to trade share CFDs or buy and sell shares via a share trading account, incurs a monthly fee*. The exchange fees are visible on the data feed options, in MY IG settings. |
| ProRealTime Charts | Subscribing to ProRealTime, an advanced charting package, costs $40* per month. This is refunded if you place four or more trades a month. We reserve the right to charge you for the service if your qualifying trades are of an extremely low value. |
| Account documentation fee | We charge a $50 fee on accounts which have not supplied a mandatory W-8 or W-9 form prior to the ex-dividend date of a qualifying trade on a US-incorporated stock. We do not apply this fee to accounts with up-to-date documentation or accounts which have not entered into qualifying trades. We will notify you if you have entered into a qualifying trade and need to complete a form. |
| Currency conversion charge | CFDs traded in a currency other than your account's base currency incurs a currency conversion charge of 0.5%. Your account by default will instantly convert any foreign currency transaction to your base currency. This calculation considers funding, commission and dividend charges before the account is credited. We offer daily and instant conversion settings. |
*Charges are inclusive of GST for Australian residents
Third-party charges*
Charges passed on from third parties include2:
- Fees for PayPal and credit card payments
- Same day transfers fee of A$15
*Charges are inclusive of GST for Australian residents.
FAQs
How does overnight funding work?
When you trade CFDs with us, you trade on margin. This means you provide only a deposit to open a position, and we in effect lend you the rest of the money required. If you keep it open overnight, we charge a small fee to cover the cost of the money you’ve effectively borrowed.
For share and stock index trades, our funding fee is comprised of our admin fee plus or minus the relevant interbank rate for the currency in which the underlying instrument of your trade is denominated (depending on whether your position is long or short).
For forex and spot metals trades, it is the tom-next rate plus a small admin fee.
For futures markets there is no overnight funding fee because the cost of funding is built into the spread.
Do you offer guaranteed stops?
Yes, we do offer guaranteed stops, when trading CFDs. If triggered, these stops incur a fee, which can be viewed on the platform. For share CFDs, for example, this starts at 0.3% of the underlying transaction value.
What are interbank and tom-next rates?
The interbank rate is the interest rate charged between banks for short-term loans. It is a key indicator for other interest rate charges, which is why we use it as a basis for calculating our overnight funding fees for your share and stock index trades.
Tom-next is the rate used to calculate the funding adjustment when a forex position is held overnight. It is an industry-standard rate, derived from the interest rate differentials of the pair's currencies and market expectations of interest rate change.
What is the spread?
For CFDs, the spread is the difference between our sell and buy prices. We derive these prices based on the underlying market's value.
Need anything else clarified?
Please don't hesitate to reach out. Our offices are open 24 hours a day, except from 9am to 3pm Saturday (AEDT)
Email: helpdesk.au@ig.com
Australia domestic: 1800 601 799
International: +61 (3) 9860 1799
Underlying asset class |
CFD |
MT4 CFD |
| Forex | Forex MT4 | |
| Indices | ||
| Share CFDs & ETFs | N/A | |
| Commodities | Commodities MT4 | |
| Cryptocurrencies | Cryptocurrencies MT4 | |
| Options | N/A | |
| Bonds | N/A | |
| Sectors | N/A | |
| Interest rates | N/A | |
| Digital 100s | N/A | |
| AUD-denominated CFDs | N/A | |
| NZD-denominated CFDs | N/A |
You might be interested in…
Learn about how our business model is built around you.
Discover the exciting range of markets that you can trade on with us – including indices, shares, forex and cryptocurrency.
Learn about the risks of trading, and how protect your capital with our range of in-platform tools.
1 If Australian-listed, there is a standard rate of A$8 or 0.1% (whichever is higher) for 0-2 trades in the previous month. 3+ trades in the previous month = A$5 or 0.05%. If US-listed, there is a minimum charge of 2c per share or $15 minimum (USD) if converted manually from AUD to USD or 0.7% fx conversion fee for instant conversion.
2 There may be other charges related to your bank's withdrawal and deposit process, please ensure you check these with your bank.
