You can deposit funds with your credit card, debit card, Apple Pay or via bank transfer. Corporate account holders can only fund their account through bank transfer.
Your IG account details (such as your full name and address) need to match with your bank account details as we don't accept third-party or business card funding.
How to make a deposit
Funding on desktop
To make a deposit from the desktop platform, log in to My IG and click on 'add funds' next to the account you'd like to fund.
Alternatively, you can open the relevant account's web trading platform and click on the 'add funds' button at the top of the screen.
Another way you can make a deposit is by clicking on the 'live accounts' tab at the top of your My IG dashboard. You'll then need to choose the relevant account from the dropdown, click on 'deposit funds' and select your preferred payment method.
Funding on iPhone
Open the app, click on 'account' on the bottom right corner of the screen, select the relevant account and click on 'add funds' to choose your preferred payment method.
Funding on Android
Open the app, click on 'account' at the bottom right, select the account you wish to deposit into and click 'add funds' to choose your preferred payment method.
Deposits requiring a currency conversion
Our standard FX conversion fee is 0.8%, which is added to the best available exchange rate provided by several banks. To add our FX conversion fee, we first multiply the underlying exchange rate by 1.008.
Example:
Say you deposit $1000 from a USD denominated bank account into your spread betting account (which has a base currency of Euro), and the EUR/USD exchange rate is 1.1000.*
To add our FX conversion fee, we'd multiply the exchange rate by 1.008 resulting in a conversion rate of 1.1088.
After conversion, your account will be credited with $1000 / 1.1088 = €901.87
This is how to work out the FX conversion fee in Euro:
€901.87 x 0.8% = €7.21
This example is for illustrative purposes only. It's important to check the applicable costs and charges of any trade before opening it. The figures above might not add up to a given total due to rounding.
Payment methods
Credit or debit card
If you use this method, make sure that your card details match the name and address on your IG account. Any successful payments are deposited immediately.
You can have up to three active cards on your account at a time. If you've reached your limit but want to add a new card, you'll need to first remove one of them. You might need to attach some documents to help us verify your card before you can delink it.
Using a credit card to fund your trading or investment account comes with risk. There is no guarantee that you will make a profit and the interest you pay on your credit card may be higher than any returns you do make.
Bank transfer
If you're transferring funds internationally, or your deposit needs an FX conversion, the standard processing time is one to three working days, depending on your bank. If you provide a valid proof of payment, we can credit your account in advance – but this is at our discretion.
Desktop:
Select the relevant account from the 'live accounts' tab in My IG and follow these steps:
Click on 'deposit funds'
Select 'bank'
Choose the deposit currency
Copy the details needed for your transfer (the account name, deposit reference, IBAN and BIC/Swift code)
Complete your deposit by entering the details above into your bank's payment form
Mobile:
Navigate to the accounts tab (bottom of the mobile app)
Click on 'add funds'
Select 'manual bank transfer'
Select the currency you wish to deposit
Log in to your online banking app and copy the details required such as our account name, your deposit reference (your IG trading account number which is a five-character code that can be either alphabetic (like ABCDE) or alphanumeric (like CX17H)), IBAN, and BIC/Swift
For withdrawals, we usually return money to the same bank you used to fund your account. We might need more information from you before processing a withdrawal request.
If you're a professional client with segregated funds, contact us for the relevant banking details.