Costs and charges

Trade CFDs on Germany 30 and FTSE 100 on a 1-point spread, and CFDs on US Crude from just 2.8 points.

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

Call +65 63905133 or email accountopening@ig.com.sg to talk about opening a trading account. We’re here 24 hours a day, from Monday to Friday.

Contact us: +65 6390 5133

How much does it cost to trade CFDs with IG?

Opening an account is free, and our charges are competitive. Trade spreads from 0.6 points for CFDs on key FX pairs like EUR/USD, 1 point for CFDs on major indices like the Germany 30 and FTSE 100, and 0.3 points for CFDs on Spot Gold.

Find out below exactly what costs are involved with CFDs, and what we charge for them.

A breakdown of our CFD trading costs

When you trade on leverage, there is only one direct charge 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.

A breakdown of our trading costs

When you trade on leverage, there is only one direct charge that 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.

  • CFDs
  • MT4

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.

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 or forward could be more cost-effective over the longer term.

*Or 4.50pm (Sydney time) for AUD-denominated contracts.

Indices

Market Value of one contact Minimum spread
Singapore Blue Chip SGD100 0.1
FTSE 100 £10 1
Wall Street $10 1.6
Australia 200 AUD25 1

Forex

Market Value per point Minimum spread Average spread1 Average spread
(00:00 - 21:00)2
EUR/USD $10 0.6 1.13 0.86
AUD/USD $10 0.6 1.33 1.07
EUR/GBP £10 0.9 2.51 1.83
GBP/USD $10 0.9 2.38 1.84

Commodities

Market Value of one contract Minimum spread
Spot Gold $100 0.3
Spot Silver (5000oz) $50 2.0
Oil - Brent Crude $10 2.8
Oil - US Crude $10 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)
Singapore 0.10% $10* $15*
UK 0.10% £10 £15
US 2 cents per share $10 $25
Euro1 0.10% €10 €35

1 Euro includes: Austria, Belgium, Finland, France, Germany, Italy, Netherlands, Portugal, Spain.

* 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.

Cryptocurrencies

Market Minimum deal size Minimum spread
Bitcoin 0.2 40
Bitcoin Cash 0.2 2.5
Ethereum 0.5 2
Ripple 10 0.6

To trade 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.

If you are looking to take a shorter term position, we recommend a cash CFD.

Indices

Market Value of one contract Minimum spread
FTSE 100 £10 4
Wall Street $10 6
Germany 30 €25 6
Australia 200 AUD25 3

Commodities

Market Value of one contract Minimum spread
Spot Gold $100 0.6
Spot Silver (5000oz) $50 3
Oil - Brent Crude $10 6
Oil - US Crude $10 6

Indices

Market Value of one contract Minimum spread
FTSE 100 £10 1
Wall Street $10 2.4
Germany 30 €25 1.2
Australia 200 AUD25 1

Forex

Market Value per point Minimum spread Average spread1 Average spread
(00:00 - 21:00)2
EUR/USD $10 0.6 1.13 0.86
AUD/USD $10 0.6 1.33 1.07
EUR/GBP £10 0.9 2.51 1.83
GBP/USD $10 0.9 2.38 1.84

Commodities

Market Value of one full point Minimum spread
Gold $100 0.3
Silver $5000 2
Oil - Brent Crude $10 2.8
Oil - US Crude $10 2.8

Cryptocurrencies

Market Value of one full point Minimum spread
Bitcoin $1 36
Bitcoin Cash $1 2
Ether $1 1.2
Ripple $1 0.4

Taking a position on a future or forward is usually better for trading over the longer term. If you are looking to take a shorter term position, we recommend a cash CFD.

Overnight funding

Overnight funding is the fee you pay for keeping cash CFD trades open past 10pm UK time typically, although this may vary for international and local markets. In this event we will make an interest adjustment to your account, to reflect the cost of funding your position.

To avoid paying overnight funding you might want to open a trade on a future or a forward contract.

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 = EITHER cash mid price x 0.8% for CFD mini contracts, OR cash mid price x 0.5% for CFD standard contracts.

Formula for indices overnight funding charge = Nights held x (market closing price x trade size x (admin fee* +/- LIBOR)) / 365.

*Our admin fee is 2.5% for standard CFD contracts, and 3% for minis. If you’re long, you pay LIBOR (or the equivalent one month interbank rate). If you’re short, you receive it.

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

Formula for shares overnight funding charge = nights held x (market closing price x trade size x (2.5% +/- LIBOR*)) / 360.

*If you’re long, you pay LIBOR (or the equivalent interbank rate). If you’re short, you receive it.

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

Guaranteed stop premiums

You can protect your position against slippage with a guaranteed stop, paying only a small premium if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

See the price of guaranteed stops for some of our most popular market below.

  • Forex
  • Indices
  • Commodities
  • Shares
Market Guaranteed stop premium
EUR/USD 1.08
AUD/USD 3.6
EUR/GBP 2.7
GBP/USD 2.7
Market Guaranteed stop premium
FTSE 100 1
Wall Street 3
Germany 30 1.5
Australia 200 1.5

Market Guaranteed stop premium
Spot Gold 0.54
Spot Silver 2.7
Oil - US Crude 6
Oil - Brent Crude 6

Market Guaranteed stop premium
Apple Inc 0.3%
Lloyds Banking Groupl PLC 0.3%
Deutsche Bank AG 0.7%
Westpac Banking Corporation 0.3%

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Extra services and charges

For CFDs 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. However, you’ll need to pay a monthly exchange fee* to access live DMA prices for some shares.
Live price data feeds Obtaining live share prices from an exchange to trade share CFDs incurs a monthly fee*.
ProRealTime Charts Subscribing to real-time charts costs SGD 60 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, we charge a SGD 25* fee on the first of every month if no dealing activity has occurred for two years or more.
Account documentation fee We charge a USD 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.
Currency conversion 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 instant and daily conversion settings. Our standard charge is 0.5%.

* All charges are GST inclusive where applicable.

Service Charge
Direct Market Access (DMA) There’s no charge for using DMA to trade CFDs on forex and shares. However, you’ll need to pay a monthly exchange fee* to access live DMA prices for some shares.
Live price data feeds Obtaining live share prices from an exchange to trade share CFDs incurs a monthly fee*.
ProRealTime Charts Subscribing to real-time charts costs SGD 60* 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, we charge a SGD 25* fee on the first of every month if no dealing activity has occurred for two years or more.
Account documentation fee We charge a USD 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.
Currency conversion 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 instant and daily conversion settings. Our standard charge is 0.5%.

* All charges are GST inclusive where applicable.

Third-party charges

Charges passed on from third parties include:

  • 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

Our storefront office is open from 9am - 6pm Monday to Friday.

You can all us on +65 6390 5118, 24 hours a day Monday to Friday. Alternatively, email us at helpdesk@ig.com.sg.

Please note that we only offer limited phone dealing options between 10:00pm and 8:00am.

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

For CFDs on futures markets there is no overnight funding fee because the cost of funding is built into the spread.

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 points. 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 e.g. 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 share CFD commissions vary depending on the host country for your stock. All Singapore shares are subject to a flat 0.10% commission with a minimum of SGD 15, while all US stocks are subject to a commission of 2 cents per share with a minimum of USD 10. 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 CFDs on stock index and share trades. The fee for CFDs on 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.

When you have a guaranteed stop attached to your position, we apply a small fee if it's triggered.

Guaranteed stops allow you to pass the risk of slippage to us and ensure that your trade is closed at the price that you specify. For share CFDs, for example, this start at 0.3% of the underlying transaction value.

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 CFDs on share and stock index trades.

Tom-next is the rate used to calculate the funding adjustment when a forex CFD 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.

For CFDs, the spread is the difference between our sell and buy prices. We derive these prices based on the underlying market's value.

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1 Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020.
2 Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020.