CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
Over 40-years' heritage
Over 185,000 clients worldwide
15,000 markets worldwide

Our charges

We are clear about our charges, so you always know what fees you will incur when you trade with us.

Start trading now

It's free to open an account with us - and there's no obligation to fund or trade. Or, open a demo to try out our platform.

Spreads and commisions

You pay a spread on every non-share CFD and pay commission on every share CFD.

CFD trading

Indices

Market name

Value of one contract

Available spread

Margin per contract

FTSE 100
24 hours
£10 1 1%

Wall Street
24 hours

$10 1.8 1%
Germany 30
24 hours
€25 1
 
1%
Australia 200
24 hours
AUD25

1
 

0.5%

 

See full indices costs and details

 

Shares

Share category Commission 
per side
Min charge
(online)
Min charge
(phone)
UK 0.10%
 
£10
 
£15
 
US 2 cents per share
 
$15
 
$25
 
Euro1 0.10%
 
€10
 
25
 

 

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.

 

See full shares costs and details

 

Forex

Market name

Value
per point

Min spread

Ave spread

Margin req

Spot EUR/USD $1 0.6 0.95 2%

Spot AUD/USD

$10 0.6 1.29 2%
Spot EUR/GBP £1 0.9 1.41 2%
Spot GBP/USD €1 0.9 1.58 2%


See full forex costs and details

Commodities

Market name

Value of one contract

Spread

Margin per contract

Spot Gold $100 0.5 0.7%

Spot Silver

$50 3 1%
US Light Crude $10 4 1%
Brent Crude $10 6 1%

 

See full commodities costs and details

 

Funding and interest

Futures and forwards

For fixed-expiry deals on stock indices, forex and commodities we offer futures for CFDs. We build the overnight funding charges into the spread, so that everything is included, for futures and forwards. This makes it easier to identify your break-even level on your deal.

Non-share markets

Stock index

Futures spread

Commodity

Futures spread

FTSE 100 4 Spot gold 0.6
Wall Street 6 Spot silver 3
Germany 30 6 Light Cruide oil 6
More indices More commodities

 

Cash vs Future example

 

Understanding margin

Margin trading gives you full exposure to a market using only a fraction of the capital you’d normally need. It is the amount of money you need to open a position, defined by the margin rate.

Margin with IG

At IG, our margins are among the lowest in the industry. We can offer even lower rates for the majority of positions thanks to our tiered margin system.

Find out more about margin with IG

Charges and funding FAQs

What are your dealing hours?

Our offices are normally open 24 hours a day between 11pm on Sunday (9pm for forex) and 10.15pm on Friday night (London 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 provide only 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, there is no funding fee. 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, this funding fee is the relevant interbank rate for your traded currency, plus or minus our small admin fee, depending on if your position is long or short.

For forex and spot metals trades, it is the tom-next rate plus a small admin fee.

For commodities and other futures markets there is no overnight funding fee because the cost of funding is built into the spread. 

Are charges fixed or do they vary? 

Spreads

Our shares spreads vary depending on underlying market liquidity. As the underlying market spread widens, so does ours

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.

Commission

Our commission varies depending on the host country for your stock. All UK shares are subject to a flat 0.10% commission, while all US stocks are subject to a commission of 2 cents per share, for example. See our contract details for all our share CFD commissions.

Overnight funding

The overnight funding fee is calculated using the relevant interbank rate for stock index and share trades. The fee for forex trades is calculated using the tom-next rate. These rates change daily, varying the funding fee each day. Mini and micro CFD contracts are subject to a higher funding rate.

When should I use a forward contract?

There is no overnight funding fee for forward trades, the funding cost is built into a wider spread. This makes forwards less attractive for short-term trading but more so 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

 

Share markets

Quarterly bets
(near)

Quaterly bets
(far)

Quarterly bets
(very far)

FTSE 100 shares 0.20% 0.40% 0.60%
Major US shares 0.40% 0.45% 0.60%
Euro shares 0.35% 0.45% 0.60%

Is there a currency converison 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 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 0.3%.

For relevant stockbroking transactions, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.3%.

Do you offer guaranteed stops?

When you have a guaranteed stop attached to your position, we apply 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.

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.
Live price data feeds Obtaining live share prices from an exchange to trade share CFDs incurs a monthly fee. 
ProRealTime Charts Subscribing to real-time charts costs $40 per month. This is refunded if you place four or more deals a month.
Inactivity fee We charge a $18 fee on the first of every month, if no dealing activity has occurred for two years or more. 
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 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.

Open an account now

It's free to open an account, and there's no obligation to fund or trade.

You might be interested in...

  • Margins

    Find out more about our competitive margins across our full range of markets. 

  • Web and mobile apps

    Our dealing platform is available on desktop, tablet and mobile.

  • What are the risks?

    Learn how to manage the risks associated with dealing on the financial markets. 

Shares funding

Shares funding

Size for CFDs means number of shares.

Closing price means underlying market price at 01:00 GST.

If your trade is in GBP

Size × closing price × LIBOR +/- 2.5% ÷ 365 Based on LIBOR one month overnight rate

If your trade is in USD

Size × closing price × US LIBOR +/–2.5% ÷ 360

If your trade is in EUR

Size × closing price × EURIBOR +/–2.5% ÷ 360

The formula uses a 365-day divisor for UK, Singapore and South African shares, and a 360-day divisor for shares in other markets. 

FX and spot metals funding

FX and spot metals funding

A tom-next rather than an interbank rate is used in the calculation of funding costs for forex and spot metals.

Tom-next is the day’s market swap rate for that pair or metal.

Example tom-next rate: -1.39/-0.39.

-0.39 would be used to calculate the funding cost on a long position.

-1.39 would be used to calculate the funding cost on a short position.

Size x (tom-next rate + admin fee) 

CFD

Size means total value of lots (number of lots x value per lot)

Tom-next is the day’s market swap rate for that pair or metal

Admin fee is no more than 0.3% per annum (0.8% for mini contracts)

Three-day funding is charged on Thursday at 01:00 GST. For more information please visit our FX contract details.

Other markets

Other markets

Size for CFDs means total contract value (number of contracts x value per contract).

Closing price means underlying market price at 01:00 GST.

If your trade is in GBP

Size × closing price × LIBOR +/- 2.5% ÷ 365 Based on LIBOR one month overnight rate

If your trade is in USD

Size × closing price × US LIBOR +/–2.5% ÷ 360

If your trade is in EUR

Size × closing price × EURIBOR +/–2.5% ÷ 360

Please note: when trading a non-standard GBP-denominated index CFD, or a mini contract on any asset class, the funding rate is +/-3% rather than +/-2.5%

Example: buying Spot Gold

Buying Spot Gold: detailed

  CFD
Market and price Spot Gold 1447.96/1448.46
Trade

Buy at 1448.46

Deal size Buy 1 lot (1 lot = $100 per point)
Margin required

Margin required is 1% of total exposure = $1448.46

What happens next? Gold rallies $10 over the day. At 10pm, the cut-off time for funding, the market is at 1458.46
Funding

0.048 x $100 = $4.80*

(tom-next rate + 0.3% pa admin fee) x deal size

Close

The market continues to rally and you sell your position to close at 1463.46

Gross profit

$1500

1463.46 – 1448.46 = 15

Value per point = $100

15 x $100 = $1500
Costs

0.5 point IG spread (included)

Funding cost = $4.80
Net profit

$1495.20

What if...

If the market dropped 15 points instead ($15):

$1500 + $4.80

Net loss = $1504.80

 

Buying Barclays plc detailed

Buying Barclays: detailed

  CFD
Underlying market/value Barclays Plc 289.85/290
Our price 289.85/290
Trade

Buy at 290

Deal size 2000 shares
Margin required

£580

Number of shares x price x margin rate (10%)

What happens next? By 4.35 the market has risen to 291.95: this is the price our funding is calculated at. It rises steadily the next day, reaching 295.05
Funding

Overnight funding charge of £0.48

(One-month Libor + 2.5% eg 0.49% + 2.5%) x number of shares x price)/365

(2.99 % x 2000 x 2.9195)/365

Underlying market

294.85/295.05

Close

Sell at 294.85

Gross profit

£97

294.85 – 290 = 4.85p

4.85p x 2000 shares = £97

Costs

Commission £ 20

Value of position x 0.10% (Minimum £10)

(2000 x 2.90) x 0.10% = £5.8

(2000 x 2.9485) x 0.10% = £5.90

Funding: £0.48
Net profit

£76.52 profit subject to tax

What if...

If the underlying market fell to 282.25 instead:

282.25 – 290 = -7.75p

-(7.75p x 2000 shares + £0.48 + £20) 

£175.48 net loss

 

Selling the FTSE 100 Cash CFD

Selling the FTSE 100: detailed

  Cash CFD
Underlying market/value FTSE 100 JUN13 Future 6400
Our price

FTSE 100 Cash

6441.05/6442.5
Trade

Sell at 6441.05

Deal size

1 contract

£10 per contract
Margin required

£250

Margin requirement per contract x number of contracts

£250 x 1

What happens next? The market drops dramatically, reaching 6300 at 10pm, when funding is calculated. It rises a little overnight, to 6310
Funding

Funding = £3.47

(One-month LIBOR eg 0.49% minus 2.5% x £10 x 6300)/365

Close

Buy at 6310.5

Overall market movement & profit/loss

Gross profit = £1305.50

6441.05 – 6310.5 = 130.55

Each contract is worth £10 per point

Costs

1-point IG spread (included)

Funding cost: £3.47

Net profit

£1302.03 net profit subject to tax

What if...

If the market rose 130.5 points instead:

130.5 x £10 + £3.40

£1308.40 net loss

 

Selling the FTSE 100 CFD (Cash v Future)

Cash CFD vs CFD Future: FTSE 100

  CFD Future Cash CFD
Underlying market/value

FTSE 100 JUN13 Future 6400

Our market/spread

FTSE 100 Jun13

6398/6402

FTSE 100 Cash

6401.5/6402.5
Trade

Sell at 6398

Sell at 6401.5

Deal size

3 contracts

£10 per contract

3 contracts

£10 per contract
Margin required

£750

Margin per contract x number of contracts

£250 x 3

£750

Margin per contract x number of contracts

£250 x 3

What happens next? The market falls during the next 30 days and the FTSE 100 June Future reaches 6310
Funding Included in the spread on the opening of the future

30-day funding charge: £ 104.90

Assuming a 30-day average price of 6350

([one month LIBOR eg 0.49% minus 2.5% x value of underlying value at 10pm]/ 365) x number of days

(-2.01% x [6350 x £10] /365) x 30
Close

Buy at 6312

Buy at 6310.5

Gross profit

Gross profit = £2580

6398 – 6312 = 86

£30 per point

Gross profit = £2730

6401.5 – 6310.5 = 91

£30 per point

Costs

4-points IG spread (included)

Funding included in spread

1-point IG spread (included)

Funding cost: £104.90

Net profit

Net profit = £2580

Net profit = £2625.10

What if...

If the market rose 86 points instead

-(86 x £30)

£2580 net loss

If the market rose 91 points instead

-(91 x £30 + £104.90)

£2834.90 net loss

 

Buying GBP/USD detailed

Buying GBP/USD: detailed

  CFD
Market Spot GBP/USD
Price 1.55797/1.55805
Trade

Buy 1 contract at 1.55805 (1 contract = £100,000)

Margin required

One contract is £100,000 and the margin rate is 0.25% = £250

What happens next? GBP/USD climbs one hundred points into the next day. 
Funding

Funding = size x (tom-next rate + admin fee of 0.3% pa)

£10 x 0.25 = £2.50

Price

1.5695 - 1.56958

Close

You sell at 1.5695

Gross profit

£1145

1.5695 – 1.55805 = 0.01145

Number of contracts = 1

Value per contract £100,000

0.01145 x £100,000 = £1145
Costs

0.8 point IG spread (included)

Funding cost = £2.50
Net profit

£1142.50

What if...

If the market dropped 114.5 points instead:

£1145 + £2.50

Net loss = £1147

 

Contact us

We're here 6 days a week Sun-Fri, from 8am to 7pm. Support is available 24hrs a day from Monday to Friday.

+971 (0) 4 559 2108

You can also email us at helpdesk.ae@ig.com

 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.