Costs and charges
See your opportunity, trade it for less. Get spreads from 1 point on the FTSE 100 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. Call +971 (0) 4 5592108 or email sales.ae@ig.com. Our sales team is available from 8:00am to 6:00pm (Dubai time), Monday to Friday.
How much does it cost to trade with IG?
- Account charge
- Spread
- Non-essential charges
Opening an account with us is completely free and you don't have to add funds until you're ready to place a trade.
$0
Trade spreads from 0.6 points on key FX pairs, 0.8 points on major indices, and 0.3 points on commodities.
From 0.3
There may be other potential charges and factors which could influence how much your trading costs.
Only when applicable
A breakdown of our trading costs
When you trade on leverage, there’s one direct charge that you’ll need to consider – the spread, or a commission in the case of share CFDs. You’ll also want to keep your eye on some other potential charges and factors which could influence how much your trading costs.
- Direct costs
- Other potential charges
- Other factors that are relevant to the cost of your trading
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- The spread or commission
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- Overnight funding
- Guaranteed stop premiums
- Borrow fee
- Extra services
- Currency conversion charge
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- Margin
- Slippage
- Volume based rebates
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The spread or commission
The spread is the difference between the bid and ask prices, and varies 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.
More about spreads and commissionOvernight funding
Overnight funding is the charge you pay for keeping cash CFD positions open past 1:00am Dubai time; we’ll make an interest adjustment to your account to reflect the cost of funding your position.
You don’t need to pay overnight funding for futures or forwards, because we build that cost into the spread.
More about overnight fundingGuaranteed stop premiums
You’ll pay a small fee if your guaranteed stop triggered, called the premium. For CFD positions on shares, for example, this is 0.3% of the underlying transaction value.
More about premiums for guaranteed stopsBorrow fee
Short a stock using a CFD, and you’ll pay an annualised borrow fee (market borrow rate + 0.5% administration charge).
Extra services
You can choose to pay for extra services to support your trading, like direct market access, advanced charting packages, live data streams and more.
More about extra servicesCurrency conversion charge
Trade CFDs in a currency other than your account’s base currency, and you may incur a currency conversion charge. Your account is set to ‘instant conversion’ by default, which means that your foreign-currency profit is converted to your base currency automatically – and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily, weekly and monthly conversion settings.
Our standard charge is 0.5%.
Margin
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.
More about leverageSlippage
‘Slippage’ is the term for when your order is executed at a different price to the one you requested. Slippage on stops means you could lose more than expected, while slippage on limits means that you may profit more than expected.
More about slippageVolume based rebates
You could be eligible for monthly cash rebates based on your trading activity. These are only available to professional clients.
Trade your way
Find the right account for you; trade and invest forex, shares, indices, commodities and more
Up to 200x leverage*
- Up to 200x leverage to start trading with minimal upfront capital*
- Retail Clients benefit from negative balance protection meaning they can’t lose more than what was deposited into the account
- Speculate on price changes, without having to own the underlying asset.
*Up to 200x leverage applies to Professional IG Limited (UAE) accounts and all IG International Limited accounts.**
Investment
Prefer to own assets?
- Buy and sell over 10,000 popular shares and ETFs
- Profit from dividends, plus gain shareholder rights
- Pay $0 commission on all US shares up to 100 trades per month
Up to 200x leverage*
- Up to 200x leverage to start trading with minimal upfront capital*
- Retail Clients benefit from negative balance protection meaning they can’t lose more than what was deposited into the account
- Speculate on price changes, without having to own the underlying asset.
*Up to 200x leverage applies to Professional IG Limited (UAE) accounts and all IG International Limited accounts.**
Investment
- Buy and sell over 10,000 popular shares and ETFs
- Pay $0 commission on all US shares up to 50 trades per month
Spreads and commission
The spread or commission (in the case of share CFDs) is the one 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.
- CFDs
Keep your cash CFD position open past 2am (Dubai time),* and you’ll be charged overnight funding.* If you want to keep positions open for more than one day, try a future or forward.
*Or 4.50pm (Sydney time) for AUD-denominated contracts.
Indices
| Market | Value of one contact | Minimum spread | Retail margin | Professional margin What is this? |
| FTSE 100 | £10 | 1 | 5% | 0.45% |
| Wall Street | $10 | 1.6 | 5% | 0.45% |
| Germany 40 | €25 | 1 | 5% | 0.45% |
| Australia 200 | AUD25 | 1 | 5% | 0.45% |
Forex
| Market | Value per point | Minimum spread | Average spread1 | Retail margin | Professional margin What is this? |
| EUR/USD | $10 | 0.6 | 1.04 | 3.33% | 0.45% |
| AUD/USD | $10 | 0.6 | 1.03 | 3.33% | 0.45% |
| EUR/GBP | $10 | 0.9 | 1.89 | 3.33% | 0.45% |
| GBP/USD | $10 | 0.9 | 1.83 | 3.33% | 0.45% |
Commodities
| Market | Value of one contract | Minimum spread | Retail margin | Professional margin What is this? |
| Spot Gold | $100 | 0.3 | 5% | 0.45% |
| Spot Silver | $50 | 2 | 10% | 1.80% |
| Oil - US Crude | $10 | 2.8 | 10% | 1.35% |
| Oil - Brent Crude | $10 | 2.8 | 10% | 1.35% |
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.
| Share category | Commission per side from | Min charge (online) | Min charge (phone) |
| UK (FTSE 350) | 0.10% | £10 | £15 |
| UK (non-FTSE 350) | 0.35% | £10 | £15 |
| US | 2 cents per share | $15 | $25 |
| Euro | 0.10% | €10 | €25 |
Cryptocurrencies
| Market | Minimum deal size | Minimum spread | Retail margin | Professional margin What is this? |
| Bitcoin | 0.2 | 45 | 50% | 18% |
| Ethereum | 0.5 | 1.8 | 50% | 18% |
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.
Taking a position on a future or forward is usually better for trading over the longer term. If you are looking to take a shorter term position, try a cash CFD.
Indices
| Market | Value of one contact | Minimum spread | Retail margin | Professional margin What is this? |
| FTSE 100 | £10 | 4 | 5% | 0.45% |
| Wall Street | $10 | 6 | 5% | 0.45% |
| Germany 40 | €25 | 6 | 5% | 0.45% |
| Australia 200 | AUD25 | 3 | 5% | 0.45% |
Commodities
| Market | Value of one contract | Minimum spread | Retail margin | Professional margin What is this? |
| Gold | $100 | 0.6 | 5% | 0.45% |
| Silver | $50 | 2 | 10% | 1.80% |
| Oil - US Crude | $10 | 6 | 10% | 1.35% |
| Oil - Brent Crude | $10 | 6 | 10% | 1.35% |
Overnight funding
What is overnight funding?
Overnight funding is the charge you pay for keeping cash CFD trades open past 2:00am Dubai time;* we‘ll make an interest adjustment to your account, to reflect the cost of funding your position.
To avoid paying overnight funding, try a future or a forward contract.
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 = 0.8% for all contracts.
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.
The Volatility Index and EU Volatility Index are priced in the same way as our undated commodities, and are charged overnight funding in the same way too. Check the commodities tab for 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
Read about how we price our undated commodity markets to find out how the basis will affect your position.
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’s subtracted.
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 the relevant interest rate benchmark. If you’re short, you receive it.
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Fast execution on a huge range of markets
Enjoy flexible access to 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app*
Feel secure with a trusted provider
With more than 45 years of experience, we’re proud to offer a truly market-leading service
*Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
Demo accounts are only available for CFD trading.
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app*
Feel secure with a trusted provider
With more than 45 years of experience, we’re proud to offer a truly market-leading service
*Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
Guaranteed stop premiums
You can protect your position against slippage with a guaranteed stop, paying only a small premium if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.
- Forex
- Indices
- Commodities
- Shares
| Market | Guaranteed stop premium |
| EUR/USD | 1.2 |
| AUD/USD | 0.8 |
| EUR/GBP | 2 |
| GBP/USD | 2 |
| Market | Guaranteed stop premium |
| FTSE 100 | 0.8 |
| Wall Street | 1.8 |
| Germany 40 | 1.5 |
| Australia 200 | 1.5 |
| Market | Guaranteed stop premium |
| Spot Gold | 0.3 |
| Spot Silver | 2 |
| Oil - US Crude | 3 |
| Oil - Brent Crude | 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% |
Extra services and charges
Whether you’re paying to give your trading an edge, or for us to carry out account admin, you can find out more here.
| Service | Charge |
| Direct Market Access (DMA) | You won't pay for DMA to trade CFDs on forex and shares. However, you'll need to pay a monthly exchange fee to access live DMA prices for some shares. |
| Live price data feeds | You'll pay a monthly fee for live share prices from an exchange to trade share CFDs. |
| ProRealTime Charts | You'll pay $40 a month to subscribe to advanced charts from popular third-party provider ProRealTime. You'll get a refund if you place four or more trades a month. You may still have to pay if your qualifying trades are extremely low-value. |
| Account documentation fee | To trade US-incorporated stock, you need to supply a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade – and you'll pay a $50 fee if you don't. You won't pay the fee if your documentation is up to date, or if you've not entered into qualifying trades. We'll let you know if you've entered into a qualifying trade and need to complete a form. |
| Currency conversion charge | Trade CFDs in a currency other than your account's base currency, and you may incur a currency conversion charge. Your account is set to 'instant conversion' by default, which means that your foreign-currency profit is converted to your base currency automatically – and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily, weekly and monthly conversion settings. Our standard charge is 0.5%. |
| Service | Charge |
| Direct Market Access (DMA) | You won’t pay for DMA to trade CFDs on forex and shares. However, you’ll need to pay a monthly exchange fee to access live DMA prices for some shares. |
| Live price data feeds | You’ll pay a monthly fee for live share prices from an exchange to trade share CFDs. |
| ProRealTime Charts | You’ll pay $40 a month to subscribe to advanced charts from popular third-party provider ProRealTime. You’ll get a refund if you place four or more trades a month. You may still have to pay if your qualifying trades are extremely low-value. |
| Account documentation fee | To trade US-incorporated stock, you need to supply a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade – and you’ll pay a $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or if you’ve not entered into qualifying trades. We’ll let you know if you’ve entered into a qualifying trade and need to complete a form. |
| Currency conversion charge | Trade CFDs in a currency other than your account’s base currency, and you may incur a currency conversion charge. Your account is set to ‘instant conversion’ by default, which means that your foreign-currency profit is converted to your base currency automatically – and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily, weekly and monthly conversion settings. Our standard charge is 0.5%. |
Third-party charges
Your bank, card issuer, intermediary banks, merchants, or other parties may make additional charges to your trasnfers and we have no control over this.
FAQs
What are your dealing hours?
Customer service is normally open 24 hours a day between 3:00am on Monday (1:00am for forex) and 2.15am on Saturday (Dubai time).*
Dealing hours vary between markets, but standard UK market hours are 08.00-16.30 (London time).
How does overnight funding work?
When you trade CFDs with us, you trade on margin. This means you only pay a deposit to open a position, and we in effect lend you the rest of the money required. If you close your position on the same day, you won’t pay a funding fee. If you keep it open overnight, you’ll pay small fee to cover the cost of the money you’ve effectively borrowed.
For share and index trades, our funding fee is comprised of our admin fee, plus or minus the interbank rate for the currency in which your trade’s underlying market is denominated (depending on whether your position is long or short).
For forex trades, the funding fee is the tom-next rate plus a small admin fee.
For spot commodity trades, and trades on the Volatility Index and EU Volatility Index, we make an adjustment based on a range of factors like the price of the two nearest futures, and our fee. Take a look at how we price our undated commodities to find out more.
For futures markets there’s no overnight funding fee, because the cost of funding is built into the spread.
Are charges fixed or do they vary?
Spreads
Our forex spreads vary depending on underlying market liquidity. The more liquid the market, the narrower our spread – as low as 0.8 points. As the underlying market spread widens, so does ours – but only to our maximum cap.
Our stock index spreads vary by the time of day. During the underlying market hours we offer our standard and tightest spreads eg 1 point on the FTSE 100. When we offer an out-of-hours market, so you can benefit from 24-hour dealing, we offer a wider spread.
CFD traders should remember we offer our tightest spreads on our standard contracts, with wider spreads on some mini and micro contracts.
Commission
Our commission varies depending on the host country for your stock, and the account you’re using.
CFDs
You'll pay between 0.1% and 0.35% commission on all UK share trades (0.1% on large caps, 0.25% on midcaps and 0.35% on small caps). See our product details for all our share CFD commissions.
Overnight funding
For share and index trades we calculate our overnight funding fee using the relevant interbank rate, and our fee for forex trades using the tom-next rate. These rates change daily, varying the funding fee each day.
For commodities and the volatility indices, we use the price of the two nearest futures as part of our overnight funding calculation. Since these will vary, the charge can too. You can find out more in the overnight funding section above.
Mini and micro CFD contracts are subject to a higher funding rate.
Is there a currency conversion charge?
If you trade CFDs in a currency other than your account’s base currency, you may need to pay a currency conversion charge.
Your account is set to ‘instant conversion’ by default. This means that foreign-currency profit is converted to your base currency automatically, and funding, commission and dividend charges are taken into account before your account is credited. You can choose to have your account convert daily, weekly or monthly. Our standard conversion charge is 0.5.
Do you offer guaranteed stops?
Yes, we offer guaranteed stops so that you can put an absolute cap on your risk. You’ll pay a small fee if it's triggered. For shares, for example, this is 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.
Are there any account fees?
No, we won't charge you any fees to maintain your account.
When should I use a forward contract?
You won’t pay an overnight funding fee for forward trades, as the funding cost is built into a wider spread. So you may find them more cost effective and transparent for long-term trades, because you know your real cost from the outset.
For fixed-expiry deals on stock indices and commodities we offer futures for CFDs.
Non-share markets |
Spread |
|---|---|
| FTSE 100 | 4 |
| Wall Street | 6 |
| EUR/USD | 10 |
| GBP/USD | 9 |
| Spot gold | 0.6 |
| Spot silver | 3 |
You might be interested in…
Open a CFD account with IG and access thounsands of financial markets.
Discover your next opportunity on our huge range of markets– including indices, shares, forex and cryptocurrency.
Learn how protect your capital with our range of in-platform tools.
*Our hours are based on UK hours, converted to UAE time zone. Due to UK clock changes during the year, the time difference between UK and UAE varies by 3 or 4 hours accordingly.
**IG International Limited is an IG entity based in 16 Burnaby Street, Hamilton HM11, Bermuda and regulated by the Bermuda Monetary Authority.
1Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
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+971 4559 2104
helpdesk.ae@ig.com
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Disclaimers
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional Clients can lose more than they deposit.
- The value of shares and ETFs bought through an IG stock trading account can fall as well as rise, which could mean getting back less than you originally put in. Please ensure you fully understand the risks and take care to manage your exposure.
- IG does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. IG is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
- IG is a trading name of IG Limited a company registered at 2702 & 2703 Level 27, Tower 2, Al Fattan Currency House, DIFC, Dubai, United Arab Emirates. IG is authorised and regulated by the Dubai Financial Services Authority (DFSA) under reference No. F001780.
- The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UAE and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
