Our tiered margining system means we can offer rates that remain competitive while reflecting the size of your position and associated liquidity of the market.
Our tiered margining system means we can offer rates that remain competitive while reflecting the size of your position and associated liquidity of the market.
Margin trading gives you full exposure to a market using only a fraction of the capital you’d normally need.
Margin is the amount of money you need to open a position, defined by the margin rate.
For example: if you were to buy 1000 CHF of shares through a traditional broker, you’d need to pay the full 1000 CHF upfront to own them (plus the associated broker charges).
As a CFD is a leveraged product, you don’t need to pay the full value of your exposure in order to deal. Instead, you’ll only need to put up a fraction of your total exposure to open your position.
There are two types of margin to consider:
The initial margin is the minimum amount you’ll need to put up to open a position. It is sometimes called the deposit margin, or just the deposit.
The maintenance margin, also known as variation margin, is extra money that we might need to request from you if your position moves against you. Its purpose is to ensure you have enough money in your account to fund the present value of the position at all times – covering any running losses.
At IG we offer competitive margins across our full range of markets.
Tiered margining
Smaller deal sizes generally benefit from better market liquidity and these positions attract our lowest margin rates.
Here's a summary of our tier one margin requirements for some of our most popular markets. For all tier one margins, you can reduce your margin requirement with the use of stops.
See each market's charges and costs for individual margin rates.
Shares 
CFDs 

Nestle SA  5% 
UBSCH  5% 
Credit Suisse Group AG (CH)  5% 
Roche Holding AG  5% 
Novartis AG  5% 
Stock index 
CFDs(margin per contract) 

Switzerland Blue Chip  0.75% 
Wall Street  0.5% 
Germany 30  0.5% 
US 500  0.5% 
US Tech 100  0.5% 
Commodities 
CFDs 

Spot Gold  0.7% 
Spot Silver (5000oz)  2% 
High Grade Copper  1.5% 
Oil  US Crude  1.5% 
Oil  Brent Crude  1.5% 
See our full tiered margin list for Forex, Indices, Commodities, Rates and Bonds (PDF) and Shares. Please note, preferential rates may be available for tiers three and four. Please see our premium services for more information.
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Margin requirements for CFD positions with nonguaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

CFD 

No stop 
Number of shares x share price x margin percentage E.g. 100 UBS shares at a price of CHF 16.84: 100 x 16.84 x 10% = CHF 168.4 margin 
Stop 
(Margin for equivalent trade with no stop x slippage factor) + value per point* x stop distance E.g. 100 UBS shares at price of CHF 16.84, with a nonguaranteed stop 3 points away: (CHF 168.4 x 10% + (CHF 10 x 1) = CHF 26.84 margin 
Guaranteed stop 
The larger figure of the two calculations below:
E.g. 1000 Vodafone at a price of £1.94, with a guaranteed stop 11 points away and 0.3% limited risk premium. Calculation 1: (£10 x 11) + (1000 x £1.94 x 0.003) = £115.82 margin Calculation 2: 1000 x £1.94 x 5% = £97 margin So margin requirement is £115.82 (the larger figure of the two). 
Margin requirements for CFD positions with nonguaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

CFD 

No stop 
Number of contracts x contract size x price x margin percentage E.g. 2 contracts GBP/USD: 2 x £100,000 x 1.53470 x 0.25% = $767.35 
Stop 
(Margin for equivalent trade with no stop x Slippage Factor) + (Number of contracts x value per point x stop distance) E.g. 2 contracts GBP/USD with a nonguaranteed stop 20 points away: ($767.35 x 20%) + (2 x $10 x 20) = $553.47 margin 
Guaranteed stop 
The larger figure of the two calculations below:
E.g. 2 standard contracts GBP/USD with a guaranteed stop 20 points way and 1point limited risk premium. Calculation 1: (2 x $10 x 20) + (2 x $10 x 1) = $420 margin Calculation 2: 2 x £100,000 x 1.5500 x 0.5% = $1,550 margin So margin requirement is $1,550 (the larger figure of the two). 
Margin requirements for CFD positions with nonguaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

CFD 

No stop 
Number of contracts x margin per contract E.g. one contract of Switzerland Blue Chip: 0,75% x 9229 x 10 x 1 = 692,18 CHF margin 
Stop 
(Number of contracts x slippage amount per contract) + (number of contracts x contract size x stop distance) E.g. 1 contract Switzerland Blue Chip with a nonguaranteed stop 10 points away: (1 x CHF 56) + (1 x 10 CHF x 10) = 156 CHF margin 
Guaranteed stop 
The larger figure of the two calculations below:
E.g. 1 contract FTSE 100 with a guaranteed stop 12 points way and 1point limited risk premium. Calculation 1: (1 x £10) + (12 x £10) = £130 Calculation 2: 1 x £10 x 6600 x 0.5% = £330 margin So margin requirement is £330 (the larger figure of the two). 
Margin requirements for CFD positions with nonguaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If this happens then we limit the margin to the amount required for the same position with no stop).

CFD 

No stop 
Number of contracts x margin per contract E.g. 2 contracts Brent Crude: 2 x 1% x 4850 x $10 = $970 margin 
Stop 
(Number of contracts x slippage amount per contract) + (number of contracts x contract size x stop distance) E.g. 2 contracts Brent Crude with a nonguaranteed stop 30 points away: (2 x 50%) + (2 x $10 x 30) = $601 margin 
Guaranteed stop 
The larger figure of the two calculations below:
E.g. One contract Oil  US Crude with a guaranteed stop 90 points way and 4point limited risk premium. Calculation 1: (4 x $10) + (90 x $10) = $940 margin Calculation 2: 1 x $10 x 3350 x 1% = $330 margin So margin requirement is $940 (the larger figure of the two). 
Tiered margining enables us to set margin rates that reflect and best fit the size of your aggregate position* in a particular market. The majority of positions will attract our lowest margin rates, reflecting the liquidity of the market at smaller deal sizes. The largest positions may require greater margin, as it is more difficult to trade out of these positions quickly.
We will determine your initial margin using a table of four incremental tiers. The margin rate will increase progressively as your aggregate position moves up from one tier to the next. However, only the portion of your position that falls into a higher tier will be subject to its increased margin rate.
The range of the four tiers differs for every market.
See our tiered margining list for share CFDs. For our tiered margining levels on other markets, please use Get Info inside our dealing platform.
*For the purposes of tiered margining, your aggregate position includes your nonlimitedrisk open positions and orders to open.
Margin factor is the variable used to multiply your bet size, to define your margin requirement.
It’s free to open an account and there’s no obligation to fund or trade.