All trading involves risk. Losses can exceed deposits.

Contact us

New to IG: 880033062
Existing clients: 880033069
Email: newaccounts.lt@ig.com

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It’s free to open an account and no downloads are required to use our web-based platform.

Free demo account

Practise trading with € 30,000 virtual funds.

Charges and fees

We are clear about our charges, so you always know what fees you will incur when you trade with us

Spreads, commissions and margins

You pay a spread on every non-share CFD and commission on every share CFD.

Indices

Indices

Market name Value of one
contract
Available
spread
Margin per
contract
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%
 
Australia 200 24 hours AUD25
 
1  
 
0.5%
 

 

See full indices product details

Shares

Shares

Share category Commission 
per side
Min charge
(online)
Min charge
(phone)
UK 0.10%
 
£10
 
£15
 
US 2 cents per share
 
$15
 
$25
 
Euro1 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

Forex

Forex

Market name Value per
pip
Min spread Ave spread* Margin req
Spot EUR/USD $10
 
0.6 0.75 0.5%
Spot AUD/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%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017. 

See full forex product details

 

Commodities

Commodities

Market name Value of one
contract
Spread Margin per
contract
Spot Gold $100
 
0.3 0.5%
 
Spot Silver $50
 
2.5 1%
 
Oil - US Crude $10
 
2.8 1%
 
Oil - Brent Crude $10
 
2.8 1%
 

 

See full commodities product details

 

Micro

Micro

Market name Value of one
contract std/mini/micro
Limited risk premium Margin per
contract std/mini
FTSE 100 (24 hours) £10/£2
 
1 0.50%
 
Wall Street (24 hours) $10/$2
 
2 0.50%
 
US 500 (24 hours) $250/$50
 
0.25 0.50%
 
Germany 30 (24 hours) €25/€5/€1
 
1.5 0.50%
 

 

Funding and interest

Cash CFDs and futures are handled slightly differently in terms of funding and interest.

Cash CFDs

If you keep a Cash CFD position open overnight (after 10pm UK time) we will make an interest adjustment to your account, to reflect the cost of funding your position. The interest adjustment is based on 1-month interbank funding rates (eg. LIBOR). We debit your account if your position is long, and credit your account for a short position – if the interbank funding rate is greater than 2.5%.*

Long 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).

Short positions

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).

*3% on mini and micro CFD contracts

Forex positions

For forex positions, we charge funding based on the current tom-next rate. Tom-next shows, in pips, the difference between the interest paid to borrow the currency that is being notionally sold, and the interest received from holding the currency.

How is funding calculated?

Shares funding

Size means number of shares.

Closing price means underlying market price at 10pm (UK time).

If your deal is in GBP

Size × closing price × LIBOR +/- 2.5% ÷ 365

Based on LIBOR one month overnight rate

If your deal is in USD

Size × closing price × US LIBOR +/–2.5% ÷ 360   

If your deal is in EUR

Size × closing price × EURIBOR +/–2.5% ÷ 360   

The formula uses a 365-day divisor for UK, Singapore and South African shares, and a 360-day divisor for shares in other markets.

 

Forex and spot metals funding

A tom-next rather than an interbank rate is used in the calculation of funding costs for forex and spot metals.

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) 

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 a Wednesday. 

Other markets funding

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

Closing price means underlying market price at 10pm (UK time)

If your deal is in GBP

Size × closing price × LIBOR +/- 2.5% ÷ 365. Based on LIBOR one month overnight rate

If your deal is in USD

Size × closing price × US LIBOR +/–2.5% ÷ 360

If your deal is in EUR

Size × closing price × EURIBOR +/–2.5% ÷ 360

Please note: when trading a non-standard GBP-denominated index CFD, or a mini contract on any asset class, the funding rate is +/-3% rather than +/-2.5%.

Futures

For fixed-expiry deals on stock indices and commodities we offer futures with the overnight funding charges built into the spread, so that everything is included. This makes it easier to identify your break-even level on your deal.

Stock index Futures
spread
Commodity Futures
spread
FTSE 100 4
 
Spot gold 0.6
 
Wall Street 6
 
Spot silver 3
 
Germany 30 6
 
Light Crude oil 6
 
More
 
More
 

Detailed cash vs future example (incl. funding)

Our market / spread

Index

Dealing spread (8am - 4.30pm)

Value of one std. contract

Margin req. per full contract

FTSE 100 cash 1 £10 0.5%
FTSE 100 future 4 £10 0.5%

We charge a slightly higher spread on future markets, because the overnight funding charges are built into the spread.

Sell or buy

In this example, we’ll compare selling a FTSE 100 cash trade at 6401.5 and selling a FTSE 100 future trade at 6398.0.

Cash: 6401.5 / 6402.5

Future: 6398.0 / 6402.0

Deal size

Cash and future: 3 contracts (£10 per contract).

Margin required

The margin to open both trades is calculated in the same way.

Cash: 0.5% of notional value of trade: 3 contracts x £10 x 6401.5 x 0.5% = £960.23

Future: 0.5% of notional value of trade: 3 contracts x £10 x £6398.0 x 0.5% = £959.70 

What happens next?

The market falls during the next 30 days and you consider closing your position by placing a 'Buy' trade of the same size.

Cash: 6309.5 / 6310.5

Future: 6308.0 / 6312.0

Funding

Cash:

A funding charge will be applied to your trade for every day that you carry the position over, calculated like so:

[Funding rate] x [average notional value of trade] x [number of days / 365]

For a long position, we charge 2.5% above the relevant interbank rate. For short positions, like in this example, we charge the relevant interbank rate minus 2.5%.

In this example:

  • The relevant interbank rate is 0.49%, which means our funding rate is 0.49% - 2.5% = -2.01%.
  • The average notional value of the trade is 6350 x £10 per contract x 3 contracts = £190,500

Therefore: -2.01% x £190,500 x 30 days / 365 days = £314.72

Future: Funding is included in the spread, so you pay no extra funding costs while your position is open.

Gross profit

Gross profit is calculated using the difference between the opening and closing prices

Cash: 6401.5 – 6310.5 = 91 x £30 per point = £2730

Future: 6398 – 6312 = 86 x £30 per point = £2580

Summary of costs

Cash: 1-point IG spread (included), and £314.72 funding cost

Future: 4-points IG spread (included), and no extra funding cost

Net profit

Cash: £2730 - £314.72 = £2415.28

 

Future: £2580 - £0 = £2580.00

What if...

Cash: If the market rose 91 points instead: 91 x £30 + £314.72 = £3044.72 net loss

Future: If the market rose 86 points instead: 86 x £30 = £2580 net loss

Try it for free

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Understanding margin with IG

Margin trading gives you full exposure to a market using only a fraction of the capital you’d normally need.

At IG, 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 out more about margin with IG

Extra services and charges

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 refundable monthly exchange fee. 

Live price data feeds

Obtaining live share prices from an exchange to trade share CFDs incurs a monthly fee. This is refunded if you place a minimum number of trades a month.

Inactivity fee

We charge a £12 fee on the first of every month, if no dealing activity has occurred for two years or more. 

ProRealTime Charts

You can get access to ProRealTime charts at no extra cost if you transact at least four times in a given month. However, if you don't meet this requirement, or your trading activity is of extremely low value, then a £30 per month fee will apply on the last day of every calendar month.

Charges passed on from third parties:

  • Fees for credit and non-UK debit card payments
  • Same-day transfers less than £100 (£15)

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 ib 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 fees FAQs

What are your dealing hours?

Our offices are normally open 24 hours a day between 11pm on Sunday (9pm for forex) and 10.15pm on Friday night (London time). 

Dealing hours vary between markets, but standard UK market hours are 08.00-16.30 (London time). 

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 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, this funding fee is the relevant interbank rate for your traded currency, plus or minus our small admin fee, depending on if your position is long or short.

For forex and spot metals trades, it is the tom-next rate plus a small admin fee.

For commodities and other 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

Share CFDs directly reflect the underlying market price, and are subject to commission. CFD traders should remember we offer our tightest spreads on our standard contracts, with wider spreads on some mini and micro contracts.

Our forex spreads vary depending on underlying market liquidity. The more liquid the market, the narrower our spread – as low as 0.8 pips. 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. All UK shares are subject to a flat 0.10% commission, while all US stocks are subject to a commission of 2 cents per share, for example. See our contract 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 converison 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 0.3%.

Do you offer guaranteed stops?

Yes, we do. You'll pay a small, one-off fee if your guaranteed stop is triggered. For some shares, for example, the fee 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. 

What is the spread?

The spread is the difference between our Sell and Buy prices. We derive these prices based on the underlying market's value.

1 Euro includes: Belgium, Eire, Finland, France, Germany, Netherlands, Portugal, Spain