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.

Our charges

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

Start with lower minimums

Enjoy reduced minimums for one month on CFDs when you begin trading with IG.

CFD trading

For all UK markets you can trade with reduced minimum trade sizes for the first month.

Month Minimum trade size
1 25% of normal
2+ Normal

Spreads and commisions

CFD trading

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

Indices

Market name

Value of one contract

Minimum spread

Margin per contract

Professional clients

Retail clients
FTSE 100
24 hours
£10 1 0.5% 2%

Wall Street
24 hours

$10 1.6 0.5% 2%
Germany 30
24 hours
€25 1 0.5% 2%
Australia 200
24 hours
AUD25

1

0.5% 2%

See full indices costs and details

Forex

Market name

Value
per point

Standard

Value
per point

Mini

Min spread

Ave spread

Margin per contract

Retail clients Professional clients
Spot EUR/USD $10 $1 0.6 0.70 2% 0.5%

Spot AUD/USD

$10 $1 0.6 0.76 2% 0.5%
Spot EUR/GBP £10 £1 0.9 1.14 2% 1%
Spot GBP/USD $10 $1 0.9 1.28 2% 1%


See full forex costs and details

Cryptocurrencies

Market name

Min
deal size

Min spread

Margin

Bitcoin

0.2 50 15%

Bitcoin Cash

0.2 9 25%

Ethereum

0.5 4 15%

Ripple

10 0.8 25%

Litecoin

1 1 25%

See full cryptocurrency product details

Commodities

Market name

Value of one contract

Spread

Margin per contract

Professional clients

Margin per contract

Retails clients

Spot Gold $100 0.3 0.7% 2%

Spot Silver

$50 2 2% 5%
US light Crude $10 2.8 1.5% 2%
Brent Crude $10 2.8 1.5% 2%

See full commodities 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

MT4

Some product details are different when you trade using the MT4 platform.

Indices

Market name

Value of one contract

Minimum

Margin per contract

FTSE 100
24 hours
£10 1 2%

Wall Street
24 hours

$10 1.6 2%
Germany 30
24 hours
€25 1 2%
Australia 200
24 hours
AUD25

1

2%


See full indices product details

Forex

Market name

Value
per point

Min spread

Ave spread2

Margin req

Spot EUR/USD $10 0.6 0.7 2%

Spot AUD/USD

$10 0.6 0.76 2%
Spot EUR/GBP £10 0.9 1.14 2%
Spot GBP/USD $10 0.9 1.28 2%


See full forex product details

Cryptocurrencies

Market name

Dealing hours

MT4 Symbol One contract means Value of one full point (CFDs)

Margin required

Bitcoin

24 hours BTCUSD 1 BTC $1 15%

Bitcoin Cash

24 hours BCHUSD 1 BCH $1 25%

Ethereum

24 hours ETHUSD 1 ETH $1 15%

Ripple

24 hours XRPUSD 1 XRP $1 25%

Litecoin

24 hours LTCUSD 1 LTC $1 25%

See full cryptocurrency product details

Commodities

Market name MT4 symbol

One contract means

Value of one full point (CFDs)

Spread

Margin per contract

Spot Gold XAUUSD 100 troy oz $100 0.3 2%

Spot Silver

XAGUSD 5000 troy oz $5000 2 5%
Oil - US Crude USOIL 1000 barrels $10 2.8 2%
Oil - Brent Crude UKOIL 1000 barrels $10 2.8 2%


See full commodities product details

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.

Find out more about margin with IG

Funding and interest

Funding and interest charges apply to CFD trades only.

Futures

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 Gold 0.6
Wall Street 6 Silver 3
Germany 30 6 Oil - US Crude 6
More indices More commodities

Cash vs Future example

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; however, there is a monthly fee for using DMA to trade CFDs on 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.

Charges and funding FAQs

What are your dealing hours?

Our offices are normally open 24 hours a day between 2am on Monday (midnight for forex) and 1.15am on Saturday (Dubai time). 

Dealing hours vary between markets, but standard UK market hours are 11.00-19.30 (Dubai 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 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

Share CFDs directly reflect the underlying market price, and are subject to commision. CFD traders should remember we offer our tightest spreads on our standard contracts, with wider spreads on some mini and micro contracts.

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 with an online minimum of £10, and all US stocks are subject to a CFD commision of 2 cents per share with an online minimum of $15. .See our product 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
Gold 0.6
Silver 3

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%.

 

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.

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 product 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

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 FTSE 100 JUN18 Future
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

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

FTSE 100 JUN18 Future

Our market/spread

FTSE 100 Jun18

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

£3838.8

Price x contract size x no. of contracts x margin factor

£6398 x £10 x 3 x 2%

£3840.90

Price x contract size x no. of contracts x margin factor

£6401.50 x £10 x 3 x 2%

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: £314.72

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 £30] /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 = £2415.28

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 + £314.72)

£3044.72 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 = $155,805)

Margin required

One contract is $155,805 and the margin rate is say 0.25% = $389.51

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

One point means 0.0001

Number of contracts = 1

1 Contract = $10 per point

0.01145 / 0.0001 = 114.50 points

0.114.50 x 1 x $10 = $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 = $1147.50

Help and support

Get answers about your account or our services.

Get answers

Or contact us on +971 (0) 4 559 2100 or helpdesk.ae@ig.com.

Our office is open 5 days a week, Sunday to Thursday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 1am to 11am (Dubai time).

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.