Costs and charges

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

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

Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening a trading account. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

How much does it cost to trade with IG?

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

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

How much does it cost to trade with IG?

Trade spreads from 0.6 points on key FX pairs like EUR/USD, 1 point on major indices like the Germany 30 and FTSE 100, and 0.3 points on Spot Gold. Find out below how much a spread bet or CFD trade opened and closed on the same day will typically cost you.

  • Indices
  • Forex
  • Commodities
  • Shares
  • Cryptos
Market IG* (Long or short) Plus 500 (Long or short) CMC (Long or short)
Dow DFB £1.60 £2.00 £1.60
FTSE DFB £1.00 £1.80 £1.00
Germany 30 DFB £1.00 £1.10 £1.00

*IG indices costs are based on in-hours main session spreads, with a trade size of £1 per point.

Market IG* (Long or short) Plus 500 (Long or short) CMC (Long or short)
EUR/USD DFB £0.60 £0.60 £0.70
GBP/USD DFB £0.90 £1.10 £1.00

*IG forex costs are based on our minimum spreads, with a trade size of £1 per point.

Market IG* (Long or short) Plus 500 (Long or short) CMC (Long or short)
US Crude DFB £2.80 £8.00 £3.00
Gold DFB £0.30 £0.40 £0.30

*IG commodities costs are based on our fixed spreads, with a trade size of £1 per point.

Market IG* (Long or short) Plus 500 (Long or short) CMC (Long or short)
Apple DFB £1.89 £3.00 £5.00
Barclays DFB £0.15 £0.40 £0.40

*IG share costs are based on the percentage commission we charge, with a trade size of £1 per point. These costs are based on an Apple market price of 21761, and a Barclays market price of 154.39, as on 31 June 2019.

Market IG* (Long or short) Plus 500 (Long or short) CMC (Long or short)
Bitcoin DFB £38.00 £45.00 £37.00

*IG cryptocurrency costs are based on our minimum spreads, with a trade size of £1 per point.

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.

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.

  • Spread betting
  • CFDs

Daily funded bets

Please note that for daily funded bets, 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 bets.

Indices

Market Minimum spread
FTSE 100 1
Wall Street 1.6
Germany 30 1
Australia 200 1

Forex

Market Average spread2
EUR/USD 0.75
AUD/USD 0.76
EUR/GBP 1.23
GBP/USD 1.17

Commodities

Market Standard spread
Spot Gold 0.3
Spot Silver (5000oz) 2
Oil - Brent Crude 2.8
Oil - US Crude 2.8

Shares

Market Minimum spread
Apple Inc 0.10%
Lloyds Banking Group PLC 0.10%
Deutsche Bank AG 0.10%
Westpac Banking Corporation 0.10%

Cryptocurrencies

Market Minimum spread
Bitcoin 40
Ether 2
Bitcoin Cash 2.5
Ripple 0.6

Futures and forwards

To speculate over the longer term, you can spread bet on futures for indices and commodities, and forwards for shares and forex. 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 daily funded bet.

Indices

Market Minimum spread
FTSE 100 4
Wall Street 6
Germany 30 6
Australia 200 3

Forex

Market Forward spread
EUR/USD 10
AUD/USD 10
EUR/GBP 7
GBP/USD 9

Commodities

Market Minimum spread
Spot Gold 0.6
Spot Silver (5000oz) 3
Oil - Brent Crude 6
Oil - US Crude 6

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

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

Indices

Market Minimum spread
FTSE 100 1
Wall Street 1.6
Germany 30 1
Australia 200 1

Forex

Market Minimum spread Average spread2
EUR/USD 0.6 0.75
AUD/USD 0.6 0.76
EUR/GBP 0.9 1.23
GBP/USD 0.9 1.17

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)
UK 0.10% £10 £15
US 2 cents per share $15 $25
Euro 0.10% €10 €25

Cryptocurrencies

Market Minimum spread
Bitcoin 40
Bitcoin Cash 2.5
Ethereum 2
Ripple 0.6

Futures and forwards

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.

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

Indices

Market Minimum spread
FTSE 100 4
Wall Street 6
Germany 30 6
Australia 200 3

Commodities

Market Contract spread
Spot Gold 0.6
Spot Silver (5000oz) 2
Oil - Brent Crude 6
Oil - US Crude 6

Overnight funding

Overnight funding is the fee you pay for keeping daily funded bets or cash CFD trades open past 10pm UK time. 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 mini contracts and spread bets, OR cash mid price x 0.3% 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 spread bets and standard CFD contracts, and 3% for minis. If you’re long, you pay LIBOR (or the equivalent 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 or DFB 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*)) / 365.

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

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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 1.2
AUD/USD 0.8
EUR/GBP 2
GBP/USD 2
Market Guaranteed stop premium
FTSE 100 0.8
Wall Street 1.8
Germany 30 1.5
Australia 200 1.5

Market Guaranteed stop premium
Spot Gold 0.3
Spot Silver 2
Oil - US Crude 3
Oil - Brent Crude 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%

Looking for share dealing costs?

Buy and sell thousands of global shares and ETFs, with commission rates starting from just £5 on UK shares and FX conversion fees of just 0.5%.1

Extra services and charges

For spread bets and CFDs, 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, or to buy and sell shares via our share dealing service. 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, whether that's to trade share CFDs or buy and sell shares via a share dealing account, incurs a monthly fee.
ProRealTime Charts Subscribing to real-time charts costs £30 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 £12 fee on the first of every month if no dealing activity has occurred for two years or more.
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 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 daily, weekly and monthly conversion settings. Our standard charge is 0.5%. For relevant share dealing transactions on share dealing accounts, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.5%.

Service Charge
Direct Market Access (DMA) There’s no charge for using DMA to trade CFDs on forex and shares, or to buy and sell shares via our share dealing service. 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, whether that's to trade share CFDs or buy and sell shares via a share dealing account, incurs a monthly fee.
ProRealTime Charts Subscribing to real-time charts costs £30 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 £12 fee on the first of every month if no dealing activity has occurred for two years or more.
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 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 daily, weekly and monthly conversion settings. Our standard charge is 0.5%. For relevant share dealing transactions on share dealing accounts, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.5%.

Third-party charges

Charges passed on from third parties include:

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

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 spread bet or 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 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. Share dealing trades made using a share dealing account also don't have a funding fee, as there is no margin involved.

Are charges fixed or do they vary?

Spreads

Our spreads are the same for CFDs and spread betting, apart from shares. Share CFDs directly reflect the underlying market price, and are subject to commission. Share spread bets are commission free, but are subject to a spread on the opening and closing price of the bet. However, the overall cost is virtually the same for share spread bets and share CFDs. 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 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, and the account you are using

CFDs

All UK shares are subject to a flat 0.10% commission, while all US stocks are subject to a CFD commission of 2 cents per share, for example. See our product details for all our share CFD commissions.

Share dealing

All UK shares are subject to commission from £5, while all US stocks are subject to commission of 2 cents per share, for example. See our share dealing charges for full shares 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 bet / 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 spread betting and CFDs. For fixed-expiry shares and forex, we offer forwards for spread betting.

Non-share markets

Spread

FTSE 100 4
Wall Street 6
EUR/USD 10
GBP/USD 9
Spot gold 0.6
Spot silver 3

Share markets

Quarterly bets
(near)

Quarterly bets
(far)

Quarterly bets
(very far)

FTSE 100 shares 0.20% 0.40% 0.60%
Major US shares 0.40% 0.45% 0.60%
Euro shares 0.35% 0.45% 0.60%

Is there a 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 daily, weekly and monthly conversion settings. Our standard charge is 0.5%.

For relevant share dealing transactions on share dealing accounts, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.5%.

Do you offer guaranteed stops?

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

Which costs more: CFD trading or spread betting?

The actual costs of trading with us via a spread bet or a CFD are virtually identical, even if the way we charge to trade a market differs. For example, the cost of a 0.10% commission on a share CFD trade works out similarly to a 0.10% spread on a share spread bet.

There is no fee to use our platform for either CFDs or spread betting, but there is a charge for some live data feeds. This also applies to our DMA-specific platforms which require live data feeds. The fee is refunded to active traders.

What is the spread?

For both spread bets and CFDs, the spread is the difference between our Sell and Buy prices. We derive these prices based on the underlying market's value.

Are there any account fees?

Only if you haven’t placed any deals on your CFD or spread betting account for two years or more, and there is still a balance on your account. We’ll then charge a £12 fee on the first day of every month.

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1 Negative balance protection only applies to trading-related debt (not debt incurred from charges), and does not apply to professional traders.
2 Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.