See three intuitive ways we help you predict trends and opportunities
Find out more

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 two weeks when you begin trading with IG Bank.

CFD trading

For all markets you can trade with reduced minimum trade sizes for the first two weeks.

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

Spreads, commissions and margins

CFD trading

You pay a spread on every non-share CFD.

Indices

Market name

Value of one contract

Best available spread

Margin per contract

Switzerland Blue Chip

24 hours

CHF10 2 0.75%
FTSE 100
24 hours
£10 1 0.5%

Wall Street
24 hours

$10 1.6 0.5%
Germany 30
24 hours
€25 1 0.5%


See full indices product details

Forex

Market name

Value
per point

Min spread

Ave spread1

Margin req

Spot EUR/CHF

CHF10 2 2.30 1.5%
Spot EUR/USD $10 0.6 0.75 0.5%
Spot EUR/GBP £10 0.9 1.17 1%
Spot GBP/USD $10 0.9 1.34 1%


See full forex product details

Cryptocurrencies

Market name

Min
deal size

Min spread

Margin req

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

Spot Gold $100 0.3 0.7%

Spot Silver

$50 2 2%
Oil - US Crude $10 2.8 1.5%
Oil - Brent Crude $10 2.8 1.5%


See full commodities product details

Shares

Share category Commission
per side
Min charge
(online)
Min charge
(phone)
Switzerland Blue Chip 0.10% CHF10 CHF 25
US 2 cents per share $15 $25
Euro 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 product details

MT4

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

Indices

Market name

Value of one contract

Available spread

Margin per contract

Switzerland Blue Chip CHF10 2 0.75%
FTSE 100
24 hours
£10 1 0.5%

Wall Street
24 hours

$10 1.6 0.5%
Germany 30
24 hours
€25 1 0.5%


See full indices product details

Forex

Market name

Value
per point

Min spread

Ave spread1

Margin req

Spot EUR/CHF CHF10 2 2.30 1.5%
Spot EUR/USD $10 0.6 0.75 0.5%
Spot EUR/GBP £10 0.9 1.17 1%
Spot GBP/USD $10 0.9 1.34 1%


See full forex product details

Cryptocurrencies

Market name

Dealing hours

MT4 Symbol One contract means Value of one full point

Margin req

Bitcoin

24 hours BTCUSD 1 BTC $1 15%

Bitcoin Cash

24 hours BCHUSD 1 BCH $1 25%
Bitcoin Gold 24 hours BTGUSD 1 BTG $1 40%

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 0.7%

Spot Silver

XAGUSD 5000 troy oz $5000 2 2%
Oil - US Crude USOIL 1000 barrels $10 2.8 1.5%
Oil - Brent Crude UKOIL 1000 barrels $10 2.8 1.5%


See full commodities product details

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

What is margin?

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

At IG Bank, 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 Bank

What is commission?

You pay a commission charge on every share CFD.

Funding and interest

Overnight funding

If you keep a position open overnight we make an interest adjustment to your account, including our fee of 2.5%.* We debit your account if your position is long, and credit your account for a short position – if the interbank rate is greater than 2.5%.*

When trading forex, the funding cost is calculated differently. See the table below.

Long positions

Short positions

Forex positions

We charge 2.5% above the relevant interbank rate.*
 
Eg. If the relevant interbank 1-month rate is 0.5%, you would be charged 3.00% (annualised).
You receive the relevant interbank rate, minus 2.5%.*

If the interbank rate is greater than 2.5%,* we credit your account; if the interbank rate is less than 2.5%,* your account is debited.

Eg. If the relevant interbank 1-month rate is 0.5%, you would be charged 2.00% (annualised).

For forex positions, we charge funding based on the current tom-next rate.

Tom-next shows, in points, the difference between the interest paid to borrow the currency that is being notionally sold, and the interest received from holding the currency.

* 3% on mini and micro CFD contracts.

How is funding calculated?

Shares funding

Size for CFDs means number of shares.

Closing price means underlying market price when underlying market closes at 11pm CET.

If your trade is in CHF

Size × closing price × LIBOR +/- 2.5% ÷ 360

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 360-day divisor for Swiss shares and other markets, and a 365-day divisor for British, Southafrican, Singapore shares.

 

Forex 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 Wednesday 11pm CET. For more information please visit our FX product details.

Other markets

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

Closing price means underlying market price when underlying market closes at 11pm CET.

If your trade is in CHF

Size × closing price × LIBOR +/- 2.5% ÷ 360 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 and in a foreign currency denominated CFD, or a mini contract on any asset class, the funding rate is +/-3% rather than +/-2.5%

Futures and forwards

We offer futures for fixed-expiry trades on stock 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 trade.

Non-share markets

Stock index

Futures spread

Commodity

Futures spread

Switzerland Blue Chip 4 Spot Gold 0.6
Wall Street 6 Spot Silver 3
Germany 30 6 Oil - US Crude 6
More indices More commodities

Cash vs Future example

Cash CFD vs CFD Future: Swiss Blue Chip

CFD Future Cash CFD
Underlying market/value

SMI 8094, March 14 Future 8018

Our market/spread

Swiss Blue Chip Mar 14

8015/8021

Swiss Blue Chip
8093/8095

Trade

Sell at 8015

Sell at 8093

Deal size

1 contract

CHF10 per contract

1 contract

CHF 10 per contract

Margin required

CHF 280

Margin per contract x number of contracts

CHF 280 x 1

CHF 280
Margin per contract x number of contracts
CHF 280 x 1

What happens next? The market falls during the next 30 days and the Swiss Blue Chip March future reaches 7918
Funding Included in the spread on the opening of the future

30-day funding charge: CHF 133.53

Assuming a 30-day average price of 7972

([one month LIBOR eg 0.49% minus 2.5% x value of underlying value at 10pm]/ 360) x number of days

(-2.01% x [7972 x £10] /360) x 30

Close

Buy at 7921

Buy at 7919

Gross profit

Gross profit = CHF 940
8015 – 7921 = 94
CHF 10 per point

Gross profit = CHF 1730
8092 – 7919 = 173
CHF 10 per point

Costs

6-point IG spread (included)
Funding included in spread

2-point IG spread (included)
Funding cost: CHF 133.53

Net profit

Net profit = CHF 940

Net profit = CHF 1596.47

What if...

The market rose 94 points instead
-(94 x CHF 10)
CHF 940 net loss

The market rose 173 points instead
-(173 x CHF 10)
CHF 1863.53 net loss

Extra services and charges

For shares CFD trading 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 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.

Charges and funding FAQs

What are your trading hours?

Our helpdesk team is available 24 hours a day Monday to Friday, and from 9am-5pm (UK time) on the weekend:

Email: support.ch@ig.com

Trading desk

Phone: 022 888 10 02

How does overnight funding work?

When you trade 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 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 based on the relevant interbank rate for your traded currency, plus or minus our small admin fee, 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 pips.

Our stock index spreads vary by the time of day. During the underlying market hours we offer our standard and tightest spreads. When we offer an out-of-hours market, so that you can benefit from 24-hour trading, we offer a wider spread.

Commission

Our share CFD commissions vary depending on the host country for your stock. All Swiss shares are subject to a 0.10% commission with a minimum of 10 CHF, while all US stocks are subject to a commission of 2 cents per share with a minimum of USD 15. Please see our product details page 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. Do note that mini and micro CFD contracts are subject to a higher admin fee.

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. 

Is there a currency conversion charge?

CFDs traded in a currency other than your account’s base currency will incur a currency conversion charge. Our default setting is instant conversion and we also offer daily conversions. When there is a credit or debit to your account, for example, when you close a position and realise a profit/loss, the amount is converted to your base currency at the prevailing rate including our charge of 0.3%.

 

Open an account now

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

You might also be interested in...

1 Average spread (Monday 01:00 - Friday 23:00 CET) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex CFD details.

Help and support

Get answers about your account or our services.

Get answers

We're here 24hrs a day from 9am Saturday to 11pm Friday.