Costs and charges

See your opportunity, trade it for less. Get spreads from 1 point on CFDs on FTSE100, and CFDs on 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 +65 6390 5133 or email accountopening@ig.com.sg. We’re here 24 hours a day from 9am to 10pm (SG time), Sunday to Friday.

Contact us: +65 6390 5133

Start trading today. Call +65 6390 5133 or email accountopening@ig.com.sg. We’re here 24 hours a day from 9am to 10pm (SG time), Sunday 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, from 1 point for CFDs on major indices like FTSE 100, and from 0.3 points for CFDs on Spot Gold.

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

A breakdown of our CFD trading costs

When you trade on leverage, you’ll need to consider the direct costs – the spread, or a commission in the case of share CFDs. You’ll also want to consider to keep your eye on some and other potential charges and factors which could influence how much your trading may cost.

  • Direct costs
  • Other potential charges
  • Other factors that are relevant to 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.

  • Direct costs
  • Other potential charges
  • Other factors that are relevant to the cost of your trading
  • CFDs
  • MT4

Our spreads and commission

The spread or commission (in the case of share CFDs) is a 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.*

*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 2.4
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 1.04 0.85
AUD/USD $10 0.6 1.03 0.82
EUR/GBP £10 0.9 1.89 1.40
GBP/USD $10 0.9 1.83 1.40

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
2Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.

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 from Min charge (online) Min charge (phone)
Singapore 0.10% $10* $15*
UK (FTSE 350) 0.10% £10 £15
UK (non-FTSE 350) 0.35% £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 36
Bitcoin Cash 0.2 2
Ethereum 0.5 1

You can also trade CFDs on futures for indices and commodities. Futures contract are not subject to overnight funding charges, as this cost is built into the spread. This makes it easier to identify your break-even level on your deal.

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
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 1.04 0.85
AUD/USD $10 0.6 1.03 0.82
EUR/GBP £10 0.9 1.89 1.40
GBP/USD $10 0.9 1.83 1.40

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
2Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.

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

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'll make an interest adjustment to your account, to reflect the cost of funding your position.

To avoid paying overnight funding you might wish to try 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 (LIBOR +/- admin fee*)) / 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.

The Volatility Index and EU Volatility Index are priced in the same way as our undated commodities, and are charged overnight funding in the same way too. Check the commodities tab for 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
(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 (LIBOR +/-2.5%*)) / 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 CFD 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 guaranteed stop premiums for some of our most popular CFD 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

Whether you’re paying to give your trading an edge, or for us to carry out account admin, you can find out more here.

Service Charge
Direct Market Access (DMA) You won't pay for 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 You'll pay a monthly fee for live share prices from an exchange to trade share CFDs*.
ProRealTime Charts You'll pay SGD 60 a month* to subscribe to advanced charts from popular third-party provider ProRealTime. You'll get a refund if you place four or more trades a month. You may still have to pay if your qualifying trades are extremely low value.
Inactivity fee You'll pay a SGD 25* fee on the first of every month if you've not used your account to deal for two years or more.
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 USD50* fee if you don't. You won't pay the fee if your documentation is up to date, of 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 Trade CFDs traded in a currency other than your account’s base currency, and you may incur a currency conversion charge*. Your account is set to 'instant conversion' by default, which means you foreign-currency profit is converted to your base currency automatically - and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily conversion settings. Our standard charge is 0.5%.

* All charges are GST inclusive where applicable.

Service Charge
Direct Market Access (DMA) You won't pay for 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 You'll pay a monthly fee for live share prices from an exchange to trade share CFDs*.
ProRealTime Charts You'll pay SGD 60 a month* to subscribe to advanced charts from popular third-party provider ProRealTime. You'll get a refund if you place four or more trades a month. You may still have to pay if your qualifying trades are extremely low value.
Inactivity fee You'll pay a SGD 25* fee on the first of every month if you've not used your account to deal for two years or more.
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 USD50* fee if you don't. You won't pay the fee if your documentation is up to date, of 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 Trade CFDs traded in a currency other than your account’s base currency, and you may incur a currency conversion charge*. Your account is set to 'instant conversion' by default, which means you foreign-currency profit is converted to your base currency automatically - and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily conversion settings. Our standard charge is 0.5%.

* All charges are GST inclusive where applicable.

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

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 only pay 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, you won't pay a funding fee. If you keep it open overnight, you'll pay 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 your trade's underlying market 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 spot commodity trades, and trades on the Volatility Index and EU Volatility Index, we make an adjustment based on a range of factors like the price of the two nearest futures, and our fee. Take a look at how we price our undated commodities to find out more.

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

Spreads

Share CFDs directly reflect the underlying market price, and you'll pay a commission on these trades. Trade CFDs and you'll find 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 0.6 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. from 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 10. All US stocks are subject to a commission of 2 cents per share with a minimum of USD 10. You'll pay between 0.1% and 0.35% commission on all UK share trades (0.1% on large caps, 0.25% on midcaps and 0.35% on small caps)

Please see our product details page for all our share CFD commissions.

Overnight funding

For CFDs on share and index trades, we calculate our overnight funding fee using the relevant interbank rate, and our fee for CFDs on forex trades is calculated using the tom-next rate. These rates change daily, varying the funding fee each day.

For commodities and the volatility indices, we use the price of the two nearest futures as part of our overnight funding calculation. Since these will vary, the charge can too. You can find out more in the overnight funding section above.

Mini and Micro CFD contracts are subject to a higher admin fee.

Yes, we offer guaranteed stops so that you can put an absolute cap on your risk. 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. You'll pay a small premium if it's triggered.

For CFDs on EUR/USD, for example, this start at 1.08 points of the underlying transaction value.

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.

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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