What are IG's sectors CFD product details?

Key Facts

Commission

No commission charge for sector CFDs — spread is charged instead. Other fees and charges may also apply.

Spread

Normally 0.2% per side for all contracts on all sectors.

Margin

Typically 10% of the underlying contract value.

Minimum transaction size

One contract.

UK Sectors

Australian Sectors

Aerospace and Defence

Consumer Discretionary

Banks

Energy

Beverages

Financials

Chemicals

Healthcare

Construction and Materials

Materials

Electricity

Industrial

Electronic and Electrical Equipment

Consumer Staples

Equity Investment Instruments

Utilities

Fixed Line Telecoms

Food and Drug Retailers

Food Producers

FTSE Mid 250

General Retailers

Health Care Equipment and Services

Household Goods and Home Construction

Industrial Engineering

Industrial Transportation

Leisure, Entertainment and Hotels

Life Assurance

Media

Mining

Mobile Telecoms

Non-life Insurance

Oil and Gas Producers

Oil Equipment and Services

Personal Goods

Pharmaceuticals and Biotechnology

Real Estate Investment Trusts

Software and Computer Services

Speciality Finance

Support Services

Techmark

Technology, Hardware and Equipment

Tobacco

Utilities

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Note

1

The dealing spread is normally 0.2% per side for all contracts on all sectors. Spreads are subject to variation, especially in volatile market conditions.

2

A premium is charged 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.

3

The minimum transaction size is one contract.

4

One standard contract is equivalent to £10 (per sector point) for UK sectors and $10 (per sector point) for Australian sectors. One mini contract is equivalent to £2 (per sector point) for UK sectors and $2 (per sector point) for Australian sectors.

5

The margin requirement is typically 10% of the underlying contract value (the level the transaction is opened at multiplied by the number of contracts multiplied by the value of one contract).

6

UK sectors can be dealt from 8.15am to 4.30pm (London time). Australian sectors can be dealt from 10.10am to 4pm (Sydney time).

7

For sectors, adjustments to reflect the effect of interest and dividends are calculated daily and posted to your account weekly.

i) Interest adjustments are calculated as follows:
​
​D = n x L x C x i / A
​
Where:

D = daily interest adjustment

n = number of contracts

L = contract size

C = current sector price

i = applicable annual interest rate,

A = annual divisor, which is 365 for UK sectors and 360 for Australian sectors.

Interest in respect of long positions is debited from your account and interest in respect of short positions is credited to your account at rates which are agreed with you.

ii) A dividend adjustment is applied when a component share passes its ex-dividend date (including the ex-date of any special dividend) in the underlying stock market. In the case of long positions, the dividend adjustment is credited to your account. In the case of short positions, the dividend adjustment is debited from your account.

8

When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our trading platform.