CFDs are complex instruments. 74% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. 74% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Costs and charges

See your opportunity, trade it for less. Get spreads from 1 point on the FTSE 100 and Germany 40, and US Crude spreads from just 2.8 points.

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

Start trading today. Call +44 (20) 7633 5430, or email sales.en@ig.com to talk about opening a trading account. We’re here 24/5.

Contact us: +44 (20) 7633 5430

Start trading today. Call +44 (20) 7633 5430, or email sales.en@ig.com to talk about opening a trading account. We’re here 24/5.

Contact us: +44 (20) 7633 5430

How much does it cost to trade with IG?

  • Spread/commision
  • Other charges
  • Account charge

Trade spreads from 0.6 points on key FX pairs, 0.8 points on major indices, and 0.1 points on commodities.

From 0.1

There may be other potential charges and factors which could influence how much your trading costs.

Only when applicable

Opening an account with IG is free.

$0

You’ll pay a fee on the first of every month if you’ve not used your account to deal for two years or more.

A breakdown of our trading costs

When you trade on leverage, 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.

  • Direct costs
  • Other potential charges
  • Other factors that are relevant to the cost of your trading
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  • The spread or commission
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  • Overnight funding
  • Guaranteed stop premiums
  • Extra services
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  • Margin
  • Slippage
  • Negative balance protection
  • Volume based rebates
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The spread or commission

The spread is the difference between the bid and ask prices, and can vary depending on market conditions. In most cases we charge our own spread on top of the market spread, as our fee for the trade. Spread charges apply to CFD trades for all markets except shares.

For every shares CFD trade, you’ll pay a commission instead of a spread.

Read more about IG's spreads and commission

Overnight funding

Overnight funding is the charge you pay for keeping cash CFD positions open past the daily cut off time at 10pm UK time (international times may vary); we’ll make an interest adjustment to your account to reflect the cost of funding your position, plus a small admin fee.

For futures, you do not need to pay overnight funding, because we build that cost into the spread.

Read more about IG's overnight funding

Guaranteed stop premiums

When you have a guaranteed stop attached to your position, we apply a small fee if it's triggered, called the premium. For share CFDs, for example, this is 0.3% of the underlying transaction value.

Read more about IG's premiums for guaranteed stops

Extra services

We charge for some extra services that you may choose to use to support your trading, such as direct market access, advanced charting packages, live data streams and more.

Learn more about extra services

Margin

CFDs are leveraged, so when you open a trade you only need to pay a portion of its full value up front. This deposit is called the margin, and the percentage you pay can make a big difference to the affordability of your trading.

Find out more about margin at IG

Slippage

‘Slippage’ is the term for when your order is executed at a price different to the one you requested. Slippage on stops will result in a loss, while slippage on limits means that you may profit more than expected.

Learn more about slippage at IG

Negative balance protection

Negative balance protection ensures that your account balance never stays below zero.*

So, if your CFD account balance falls below zero due to accumulated losses on your trades, we’ll bring it back to zero as soon as possible – usually immediately – at no cost to you.

Volume based rebates

You could be eligible for monthly cash rebates based on your trading activity.

Learn more about monthly cash rebates

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 10pm (UK 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 could be more cost-effective over the longer term.

*International times may vary.

Indices

Market Minimum spread
FTSE 100 1
Wall Street 2.4
Germany 40 1.2
Australia 200 1

Forex

Market Minimum spread Average spread* Average spread
(00:00-21:00)**
EUR/USD 0.6 1.04 0.85
AUD/USD 0.6 1.03 0.82
EUR/GBP 0.9 1.89 1.40
GBP/USD 0.9 1.83 1.40

*Average spread (Monday 00:00 - Friday 22:00 GMT - international times may vary) for the 12 weeks ending 8th January 2021.
**Average spread (between 00:00-21:00 GMT Monday to Friday - international times may vary) for the 12 weeks ending 8th January 2021.

Commodities

Market Minimum spread
Spot Gold 0.3
Spot Silver (5000oz) 2
Oil - Brent Crude 2.8
Oil - US Crude 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)
Hong Kong 0.25% HKD50 HKD50
Singapore 0.10% $10** $15**
US 2 cents per share $15 $25
UK 0.10% £10 £15
Euro 0.10% €10 €25
Australia 0.08% AUD7 AUD7

*Commissions are charged for each trade executed, per day by IG. Hence, orders like good-till-cancelled (GTC), which may be filled across several trading sessions, could result in multiple lots of commission being charged.

** Nine Singapore shares are denominated in US dollars and have a minimum charge of US$15. These are:

Chemoil Energy Ltd
Dairyfarm International
Genting Hong Kong
Hong Kong Land Holdings
Hutchison Port Trust Holdings
Jardine Matheson Holdings Ltd
Jardine Strategic Holdings Ltd
Mandarin Oriental International Ltd
Pacific Shipping Trust.

Crypto CFDs

Market Minimum spread
Bitcoin 36
Bitcoin Cash 2
Ethereum 1.2

Futures

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.

Indices

Market Minimum spread
Wall Street 6
FTSE 100 4
Germany 40 6
Australia 200 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 Minimum spread
Wall Street 1.6
FTSE 100 1
Germany 40 1
Australia 200 1

Forex

Market Minimum spread Average spread* Average spread
(00:00 - 21:00)**
EUR/USD 0.6 1.04 0.85
AUD/USD 0.6 1.03 0.82
EUR/GBP 0.9 1.89 1.40
GBP/USD 0.9 1.83 1.40

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021

Commodities

Market Minimum spread
Gold 0.3
Silver 2
Oil - Brent Crude 2.8
Oil - US Crude 2.8

Crypto CFDs

Market Minimum spread
Bitcoin 36
Bitcoin Cash 2
Ether 1.2

Overnight funding

Overnight funding is the fee you pay for holding cash CFD positions through the daily cut-off time (typically 10pm UK time, although this may vary for international markets)* . In this event we will make an interest adjustment to your account, to reflect the cost of funding your position, plus a small admin fee.

*8pm (New York Time) Monday - Thursday and 10pm (UK time) on Friday

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 ( relevant interest rate benchmark+/- admin fee*)) / 365.

*Our admin fee is 2.5% for standard CFD contracts, and 3% for minis. If you’re long, you pay the relevant interest rate benchmark. 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

*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 is subtracted.

*With the exception of spot metals, which follows the forex overnight funding charge formula.

(Read about how we price our undated commodity markets to find out how the basis will affect your position.)

Formula for shares overnight funding charge = nights held x (market closing price x trade size x (relevant interest rate benchmark* +/-2.5% )) / 365.

*If you’re long, you pay relevant interest rate benchmark. If you’re short, you receive it.

For further information and examples on overnight funding, please visit our overnight funding page.

Open an account

Fill in our simple online form

We’ll ask a few questions about your trading experience.

Get swift verification

We aim to complete the verification process as quickly as possible so you can start trading on a huge range of markets.

Fund your account and trade

Or practice on a demo if you’d prefer.

Guaranteed stop premiums

You can protect your position against slippage with a guaranteed stop, paying a small premium only if your guaranteed stop is triggered. This guarantees that your stop is met at the level you placed it, with zero exception.

The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop.

  • Forex
  • Indices
  • Commodities
  • Shares
Market Knock-out premium Guaranteed stop premium
EUR/USD 1.2 1.2
AUD/USD 0.8 0.8
EUR/GBP 1.2 2
GBP/USD 2 2
Market Knock-out premium Guaranteed stop premium
Wall Street 2 1.8
FTSE 100 0.8 0.8
Germany 40 1.5 1.5
Australia 200 1.5 1.5

Market Knock-out premium Guaranteed stop premium
Spot Gold 0.3 0.5
Spot Silver 2 2
Oil - US Crude 3 3
Oil - Brent Crude 3 3

Market Guaranteed stop premium
Apple Inc 0.3%
Lloyds Banking Groupl PLC 0.3%
Deutsche Bank AG 0.3%
Westpac Banking Corporation 0.3%

Extra services and charges

For CFDs , there are some extra services that we charge for.

Service Charge
Direct Market Access (DMA)

To access DMA trading for share CFDs, you may need to pay a monthly exchange fee. The exchange fees are visible on the data feed options, in MY IG settings.

Forex Direct has no monthly exchange fee. This feature will allow you to trade on reduced spreads, however, you will be charged a variable commission.

Live price data feeds Obtaining live share prices from an exchange to trade share CFDs incurs a monthly fee. The exchange fees are visible on the data feed options, in MY IG settings.
ProRealTime Charts Subscribing to ProRealTime, an advanced charting package, costs $40 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 accounts, inactive CFD accounts are charged a fee on the first of every month if no dealing activity has occurred for two years or more. This fee is only charged if you still have funds in your account.
Account documentation fee To trade US-incorporated stock, you need to supply a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade – and you’ll pay a $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or if you’ve not entered into qualifying trades. We’ll let you know if you’ve 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 incurs a currency conversion charge of 0.5%. Your account by default will instantly convert any foreign currency transaction to your base currency. This calculation considers funding, commission and dividend charges before the account is credited. We offer daily and instant conversion settings.

Service Charge
Direct Market Access (DMA)

To access DMA trading for share CFDs, you may need to pay a monthly exchange fee. The exchange fees are visible on the data feed options, in MY IG settings.

Forex Direct has no monthly exchange fee. This feature will allow you to trade on reduced spreads, however, you will be charged a variable commission.

Live price data feeds Obtaining live share prices from an exchange to trade share CFDs incurs a monthly fee. The exchange fees are visible on the data feed options, in MY IG settings.
ProRealTime Charts Subscribing to ProRealTime, an advanced charting package, costs $40 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 accounts, inactive CFD accounts are charged a fee on the first of every month if no dealing activity has occurred for two years or more. This fee is only charged if you still have funds in your account.
Account documentation fee To trade US-incorporated stock, you need to supply a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade – and you’ll pay a $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or if you’ve not entered into qualifying trades. We’ll let you know if you’ve 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 incurs a currency conversion charge of 0.5%. Your account by default will instantly convert any foreign currency transaction to your base currency. This calculation considers funding, commission and dividend charges before the account is credited. We offer daily and instant conversion settings.

Third-party charges

You may need to pay passed on from third parties:

  • 2.3%* of the transaction amount, levied by the card processor. We recommend checking with the merchant bank/card issuer, who may levy further charges

* All charges are GST inclusive where applicable.

FAQs

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 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.

Do you offer guaranteed stops?

Yes, we do offer guaranteed stops, when trading CFDs. If triggered, these stops incur a fee, which can be viewed on the platform. For share CFDs, for example, this starts at 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.

Need anything else clarified?

Please don't hesitate to reach out. Our offices are open 24 hours a day, except from 6am to 4pm on Saturday (UTC+8)

Email: helpdesk.en@ig.com
International: +44 (20) 7633 5430

You might be interested in…

Find out everything you need to know to understand CFD trading, from what it is and how it works to short trades, leverage and hedging.

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.

* Negative balance protection only applies to trading-related debt (not debt incurred from charges), and does not apply to professional traders.