Margins

Our margins are among the lowest in the CFD and spread betting industry. Through a system of tiered margining we can offer lower rates for the majority of positions.

Lowest rates

Smaller deal sizes generally benefit from better market liquidity and these positions attract our lowest margin rates.

Trading in larger sizes

We operate a tiered margining policy on all our markets, excluding binaries.

What is margin?

Margin trading gives you full exposure to a market using only a fraction of the capital you’d normally need.

Margin is the amount of money you need to open a position, defined by the margin rate. 

More about margin

Losses can exceed your deposits

Margin requirements

See our tier one margin requirements for some of our most popular markets. For all tier one margins, you can reduce your margin requirement with the use of stops. 

Forex

Spread betting

CFDs

Spot FX EUR/USD 0.25% 0.25%
Spot FX GBP/USD 0.25% 0.25%
Spot FX AUD/USD 0.25% 0.25%
Spot FX EUR/JPY 0.25% 0.25%
Spot FX USD/CHF 0.25% 0.25%

 

Stock index

Spread betting

(margin factor)

CFDs

(margin per contract)

FTSE 100 23 £230
Wall Street 50 $500
Germany 30 28 €700
Hong Kong HS50 70 HK$3500
Japan 225 50 $250

 

Commodities

 

Spread betting

(margin factor)

CFDs

Spot Gold 9 1%
Spot Silver (5000oz) 30 1.5%
High Grade Copper 470 $1175 per contract
US Light Crude 65 $650 per contract
Brent Crude 75 $750 per contract

See our full tiered margin list for spread bets (PDF, 324KB) and CFDs (PDF, 321KB). Please note, preferential rates may be available for tiers three and four. Please see our premium services for more information.

Top tips

Ensure you have enough funds in your account to cover both margin and losses.

Your CFD and spread betting accounts are margined independently: funds in one account will not cover the margin requirement or losses in another.

Limit potential losses and reduce your margin requirement by using stops (tier one only).

Create an account

It’s free to open an IG account, and you could be trading in minutes.

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Shares

Share margins

Margin requirements for both CFD and spread betting positions with non-guaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

 

Spread bet

CFD

No stop

Bet size x price (in points) x deposit factor (%)

E.g. £10/point Vodafone at a price of 194:

£10 x 194 x 5% = £97 margin

 

Number of shares x share price x margin percentage

E.g. 1000 Vodafone shares at a price of £1.94:

1000 x 1.94 x 5% = £97 margin

Stop

(Deposit requirement for no stop x slippage factor %) + (bet size x stop distance from current level)

E.g. £10/point Vodafone at a price of 194, with a non-guaranteed stop 3 points away:

(£97 x 30% + (£10 x 3) = £59.10 margin

(Margin for equivalent trade with no stop x slippage factor) + value per point* x stop distance

E.g. 1000 Vodafone shares at price of £1.94, with a non-guaranteed stop 3 points away:

(£97 x 30% + (£10 x 3) = £59.10 margin

* Note: 100 UK shares = £1 per point, 100 US shares = $1 per point, 100 Euro shares = €1 per point etc

 

Guaranteed stop

Bet size × stop distance (in points) 

E.g. £10/point Vodafone at a price of 194, with a guaranteed stop 11 points away:

£10 x 11 = £110 margin

Value per point x stop distance:

E.g. 1000 Vodafone shares at a price of 194, with a guaranteed stop 11 points away:

£10 x 11 = £110 margin

 

Forex

Forex margins

Margin requirements for both CFD and spread betting positions with non-guaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

 

Spread bet

CFD

No stop

Bet size x price x margin percentage

E.g. £5 GBP/USD:

£5 x 15347.0 x 0.25% = £191.84 margin

 

Number of contracts x contract size x Price x margin percentage

E.g. 2 contracts GBP/USD:

2 x £100,000 x 1.53470 x 0.25% = $767.35

Stop

(Deposit requirement for no stop x slippage factor %) + (bet size x stop distance from current level)

E.g. £5/pt GBP/USD with a non-guaranteed stop 20 points away:

(£191.84 x 20%) + (£5 x 20) = £138.37 margin

 

(Margin for equivalent trade with no stop x Slippage Factor)  + (Number of contracts x value per pip x stop distance)

E.g. 2 contracts GBP/USD with a non-guaranteed stop 20 points away:

($767.35 x 20%) + (2 x $10 x 20) = $553.47 margin

Guaranteed stop

Bet size x stop distance (in points) 

E.g. £5 GBP/USD with a guaranteed stop 20 points away:

£5 x 20 = £100 margin

Number of contracts x value per pip x stop distance

E.g. 2 contracts GBP/USD with a guaranteed stop 20 points away:

2 x $10 x 20 = $400 margin

 

Indices

Stock index margins

Margin requirements for both CFD and spread betting positions with non-guaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

 

Spread bet

CFD

No stop

Bet size x margin factor

E.g. £10/ point of the FTSE 100:

£10 x 23 = £230 margin

Number of contracts x margin per contract

E.g. one contract of FTSE 100:

1 x £230 = £230 margin

Stop

(Deposit requirement for no stop x slippage factor %) + (bet size x stop distance from current level)

E.g. £10/pt of the FTSE 100 with a non-guaranteed stop 12 points away:

(£230 x 20%) + (£10 x 12) = £166 margin

(Number of contracts x slippage amount per contract) + (number of contracts x contract size x stop distance)

E.g. 1 contract FTSE 100 with a non-guaranteed stop 12 points away:

(1 x £46) + (1 x £10 x 12) = £166 margin

Guaranteed stop

Bet size × Stop distance (in points) 

E.g. £10/point of the FTSE 100 with a guaranteed stop 12 points away:

£10 x 12 = £120 margin

Number of contracts x contract size x stop distance:

E.g. 1 contract FTSE 100 with a guaranteed stop 12 points away:

1 x £10 x 12 = £120 margin

 

Commodities

Commodity margins

Margin requirements for both CFD and spread betting positions with non-guaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

 

Spread bet

CFD

No stop

Bet size x margin factor

E.g. £5/point Brent Crude:

£5 x 75 = £375 margin

Number of contracts x margin per contract

E.g. 2 contracts Brent Crude:

2 x $750 = $1500 margin

Stop

(Deposit requirement for no stop x slippage factor %) + (bet size x stop distance from current level)

E.g. £5/pt Brent Crude with a non-guaranteed stop 30 points away:

(£375 x 20%) + (£5 x 30) = £225 margin

(Number of contracts x slippage amount per contract) + (number of contracts x contract size x stop distance)

E.g. 2 contracts Brent Crude with a non-guaranteed stop 30 points away:

(2 x $150) + (2 x $10 x 30) = $900 margin

Guaranteed stop

Bet size × Stop distance (in points) 

E.g. £5/pt Brent Crude with a guaranteed stop 30 points away:

£5 x 30 = £150 margin

Number of contracts x contract size x stop distance:

E.g. 2 contracts Brent Crude with a guaranteed stop 30 points away:

2 x $10 x 30 = $600 margin

 

Tiered margining

What is tiered margining?

Tiered margining enables us to set margin rates that reflect and best fit the size of your aggregate position* in a particular market. The majority of positions will attract our lowest margin rates, reflecting the liquidity of the market at smaller deal sizes. The largest positions may require greater margin, as it is more difficult to trade out of these positions quickly.

We will determine your initial margin using a table of four incremental tiers. The margin rate will increase progressively as your aggregate position moves up from one tier to the next. However, only the portion of your position that falls into a higher tier will be subject to its increased margin rate.

The range of the four tiers differs for every market.

See our tiered margining list for share spread bets and share CFDs. For our tiered margining levels on other markets, please use Get Info inside our dealing platform. 

*For the purposes of tiered margining, your aggregate position includes your non-limited-risk open positions and orders to open.

Margin factor

Margin factor

Margin factor is the variable used to multiply your bet size, to define your margin requirement.