Costs and charges

Trade the Germany 30 on a 1.2- and FTSE 100 on a 1-point spread, and US Crude from just 2.8 points.

Find out more about what you’ll pay for your trading, and why, here.

Call +41 (0) 58 810 77 42 to talk about opening a trading account. We’re here from Monday to Friday from 9am to 6pm.

Contact us: +41 (0) 58 810 77 42

Start with lower minimums

Enjoy reduced minimums for two weeks
when you begin trading with IG Bank.

Week Minimum trade size
1-2 50% of normal
3-4 Normal
5-6 Normal

How much does it cost to trade with IG Bank?

Opening an account is free, and our charges are competitive. Trade spreads from 0.6 points on key FX pairs like EUR/USD, 1 point on major indices like the Germany 30 and FTSE 100, and 0.3 points on Spot Gold.

Find out below exactly what costs are involved with CFDs, and what we charge for them.

A breakdown of our trading costs

When you trade on leverage, there is only 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 consider some other potential charges and factors which may influence the cost of your trading.

Our 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
  • MT4

Cash CFDs

Please note that for cash CFDs, if your position is kept open past 11pm (Swiss time), you will be charged overnight funding.*

If you intend to keep a position open for more than one day, you may want to consider whether a future or forward could be more cost-effective over the longer term.

*Or 4.50pm (Sydney time) for AUD-denominated contracts.

Indices

Market Value of one contact Best available spread Margin per contract
Switzerland Blue Chip CHF10 2 0.75%
FTSE 100 £10 1 0.5%
Wall Street $10 2.4 0.5%
Germany 30 €25 1.2 0.5%

Forex

Market Value per point Minimum spread Average spread2 Average spread (00:00-21:00)3
EUR/USD $10 0.6 1.13 0.86
AUD/USD $10 0.6 1.33 1.07
EUR/GBP $10 0.9 2.51 1.83
GBP/USD $10 0.9 2.38 1.84

Commodities

Market Value of one contract Minimum spread
Spot Gold $100 0.3
Spot Silver (5000oz) $50 2
Oil - Brent Crude $10 2.8
Oil - US Crude $10 2.8

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.

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

Cryptocurrencies

Market Minimum deal size Minimum spread
Bitcoin 0.2 36
Bitcoin Cash 0.2 2
Ethereum 0.5 1.2
Ripple 10 0.36

Futures and forwards

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.

If you are looking to take a shorter term position, we recommend a cash CFD.

Indices

Market Value of one contract Minimum spread
FTSE 100 £10 4
Wall Street $10 6
Germany 30 €25 6
Australia 200 AUD25 3

Commodities

Market Value of one contract Minimum spread
Spot Gold $100 0.6
Spot Silver (5000oz) $50 2
Oil - Brent Crude $10 6
Oil - US Crude $10 6

Cash CFDs

Indices

Market Value of one contract Minimum spread
FTSE 100 £10 1
Wall Street $10 2.4
Germany 30 €25 1.2
Australia 200 AUD25 1

Forex

Market Value per point Minimum spread Average spread2 Average spread (00:00-21:00)3
EUR/USD $10 0.6 1.13 0.86
AUD/USD $10 0.6 1.33 1.07
EUR/GBP £10 0.9 2.51 1.83
GBP/USD $10 0.9 2.38 1.84

Commodities

Market Value of one full point Minimum spread
Gold $100 0.3
Silver $5000 2
Oil - Brent Crude $10 2.8
Oil - US Crude $10 2.8

Cryptocurrencies

Market Value of one full point Minimum spread
Bitcoin $1 36
Bitcoin Cash $1 2
Ether $1 1.2
Ripple $1 0.36

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, we recommend a cash CFD.

Overnight funding

Overnight funding is the fee you pay for keeping cash CFD trades open past 11pm (Swiss time). In this event we will make an interest adjustment to your account, to reflect the cost of funding your position.

To avoid paying overnight funding you might want to open a trade on 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 = cash mid price x 0.8%

Formula for indices overnight funding charge = Nights held x (market closing price x trade size x (admin fee* +/- LIBOR)) / 365.

*Our admin fee is 2.5% for standard CFD contracts, and 3% for minis. If you’re long, you pay LIBOR (or the equivalent interbank rate). If you’re short, you receive it.

We price our Volatility Index (VIX) and EU Volatility Index contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. Please see our overnight funding page for more 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 (2.5% +/- LIBOR*)) / 365.

*If you’re long, you pay LIBOR (or the equivalent interbank rate). If you’re short, you receive it.

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 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 45 years of experience, we’re proud to offer a truly market-leading service

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 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 45 years of experience, we’re proud to offer a truly market-leading service

Start trading today

Simple account opening. Easy-to-use platform. First-class customer service. Choose an established world leader in online trading.

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.

See the price of guaranteed stops for some of our most popular market below.

  • Forex
  • Indices
  • Commodities
  • Shares
Market Guaranteed stop premium
EUR/CHF N/A
EUR/USD 1.2
EUR/GBP 2
GBP/USD 2
Market Guaranteed stop premium
Switzerland Blue Chip 2
FTSE 100 0.8
Wall Street 1.8
Germany 30 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 (starts at)
Switzerland 0.3%
US 0.3%
Euro 0.3%

Choose the world's No.1 CFD provider1

Why open a trading account with anyone but the best CFD provider? With 45 years of experience, we're proud to offer a truly market-leading service.

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, though in order to access live DMA prices for some shares you’ll need to pay a monthly exchange fee.
Live price data feeds Obtaining live share prices from an exchange to trade share CFDs will incur a monthly fee.
ProRealTime Charts Subscribing to real-time charts costs 45 CHF per month. This is refunded if you place four or more trades a month. We reserve the right to charge you for the service if your qualifying trades are of an extremely low value.
Inactivity fee While there is normally no fee for IG Bank accounts, we charge a 18 CHF fee on the first of every month, if no trading activity has occurred for two years or more. This fee is only charged if you still have funds in your account.
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.
Currency conversion 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 0.5%.

Service Charge
Direct Market Access (DMA) There’s no charge for using DMA to trade CFDs on forex and shares, though in order to access live DMA prices for some shares you’ll need to pay a monthly exchange fee.
Live price data feeds Obtaining live share prices from an exchange to trade share CFDs will incur a monthly fee.
ProRealTime Charts Subscribing to real-time charts costs 45 CHF per month. This is refunded if you place four or more trades a month. We reserve the right to charge you for the service if your qualifying trades are of an extremely low value.
Inactivity fee We charge a 18 CHF fee on the first of every month, if no trading 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.
Currency conversion 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 0.5%.

FAQs

What are your dealing hours?

Our offices are normally open 24 hours a day between Mondays and Fridays, and on Saturdays and Sundays, from 10am to 6pm (Swiss time).

Dealing hours vary between markets, but standard UK market hours are 09.00-17.30 (Swiss 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, our funding fee is comprised of our admin fee plus or minus the relevant interbank rate for the currency in which the underlying instrument of your trade is denominated (depending on whether 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

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, and the account you are using

CFDs

All Swiss shares are subject to a flat 0.10% commission, while all US stocks are subject to a CFD commission of 2 cents per share, for example. 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
EUR/USD 10
GBP/USD 9
Spot gold 0.6
Spot silver 3

Is there a currency conversion 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 0.5%.

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.

Which costs more: CFD trading or spread betting?

The actual costs of trading with us via a spread bet or a CFD are virtually identical, even if the way we charge to trade a market differs. For example, the cost of a 0.10% commission on a share CFD trade works out similarly to a 0.10% spread on a share spread bet.

There is no fee to use our platform for either CFDs or spread betting, but there is a charge for some live data feeds. This also applies to our DMA-specific platforms which require live data feeds. The fee is refunded to active traders.

What is the spread?

The spread is the difference between the offer price (what you'll pay if you buy a market) and the bid price (what you'll pay if you sell a market). This spread is wrapped around any underlying market price.

Learn more about the spread

Are there any account fees?

Only if you haven’t placed any deals on your CFD account for two years or more, and there is still a balance on your account. We’ll then charge a CHF 18 fee on the first day of every month.

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Learn more about CFD trading with IG Bank

Discover the exciting range of markets that you can trade on with us – including indices, shares, forex and cryptocurrency.

Learn about the risks of trading, and how protect your capital with our range of in-platform tools.


1Based on revenue excluding FX (published financial statements, June 2020).
2Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020.
3Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020.