Costs and charges

See your opportunity, trade it for less. Get spreads from 1 point on the FTSE 100 and Germany 30, and 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 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. 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 0.4 points on key FX pairs like EUR/USD, 0.8 points on major indices like the Germany 30 and FTSE 100, and 0.1 points on Spot Gold.

Find out the costs involved with trading our products, and what we charge for them, below.

How much does it cost to trade with IG?

Opening an account is free, and our charges are competitive. Trade spreads from 0.4 points on key FX pairs like EUR/USD, 0.8 points on major indices like the Germany 30 and FTSE 100, and 0.1 points on Spot Gold.

Find out the costs involved with trading our products, and what we charge for them, below.

  • 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’s 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 keep your eye on some other potential charges and factors which could influence how much your trading costs.

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

Keep your DFB position open past 10pm (UK time), and you’ll be charged overnight funding.* If you intend to keep positions open for more than one day, you might want to open a position on a future or forward.

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

Indices

Market Minimum spread
FTSE 100 1
Wall Street 2.4
Germany 30 1.2
Australia 200 1

Forex

Market Average spread2 Average spread
(00:00-21:00)3
EUR/USD 1.13 0.86
AUD/USD 1.33 1.07
EUR/GBP 2.51 1.83
GBP/USD 2.38 1.84

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 36
Ether 1.2
Bitcoin Cash 2
Ripple 0.36

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.

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, try a DFB.

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

Keep your cash CFD position open past 10pm (UK time), and you’ll be charged overnight funding.* If you want to keep positions open for more than one day, try a future or forward.

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

Indices

Market Minimum spread
FTSE 100 1
Wall Street 2.4
Germany 30 1.2
Australia 200 1

Forex

Market Minimum spread Average spread2 Average spread
(00:00-21:00)3
EUR/USD 0.6 1.13 0.86
AUD/USD 0.6 1.33 1.07
EUR/GBP 0.9 2.51 1.83
GBP/USD 0.9 2.38 1.84

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 36
Bitcoin Cash 2
Ethereum 1.2
Ripple 0.36

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.

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, try 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

What is overnight funding?

Overnight funding is the charge you pay for keeping daily funded bets or cash CFD trades open past 10pm UK time; we‘ll make an interest adjustment to your account, to reflect the cost of funding your position.

To avoid paying overnight funding, 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 = We apply 0.8% for all 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.

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 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.

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of 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.

  • 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

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

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, 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 You’ll pay a monthly fee for live share prices from an exchange, whether that's to trade share CFDs or buy and sell shares via a share dealing account.
ProRealTime Charts You’ll pay £30 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 £12 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 $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or 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 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 that your 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, 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%. You can change your currency conversion settings which influences the amount of commission you pay. Our team reviews these changes on a monthly basis, so it may take some time to update your account. Please be aware that changing from converting 'instant' to 'manual' means that you'll no longer qualify for commission-free trading.

Service Charge
Direct Market Access (DMA) You won’t pay for 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 You’ll pay a monthly fee for live share prices from an exchange, whether that's to trade share CFDs or buy and sell shares via a share dealing account.
ProRealTime Charts You’ll pay £30 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 £12 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 $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or 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 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 that your 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, 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

You may need to pay charges passed on from third parties:

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

FAQs

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).

When you spread bet or 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 small fee to cover the cost of the money you’ve effectively borrowed.

For share and index trades, our funding fee is comprised of our admin fee, plus or minus the interbank rate for the currency in which your trade’s underlying market is denominated (depending on whether your position is long or short).

For forex trades, the funding fee 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 futures markets there’s no overnight funding fee, because the cost of funding is built into the spread. You also won’t pay a funding fee if you’re buying and selling trades outright on a share dealing account, as you’re not paying margin and therefore not borrowing anything.

Spreads

Our spreads are the same for CFDs and spread betting, apart from shares.

Share CFDs directly reflect the underlying market price, and so you’ll pay a commission on these trades. Share spread bets are commission-free, but you’ll pay a spread on the opening and closing price of the bet.

That said, the overall cost is virtually the same for share spread bets and share CFDs. 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 0.8 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’re using.

CFDs

You’ll pay a flat 0.10% commission on all UK share trades, and a commission of 2 cents per share on US share trades, for example. See our product details for all our share CFD commissions.

Share dealing

You can buy and sell UK shares on commission from just £3, and US shares commission-free, if you deal three or more times in a month. See our share dealing charges for full shares commissions.

Overnight funding

For share and index trades we calculate our overnight funding fee using the relevant interbank rate, and our fee for forex trades 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 funding rate.

You won’t pay an overnight funding fee for forward trades, as the funding cost is built into a wider spread. So you may find them more cost effective and transparent 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%

If you trade CFDs in a currency other than your account’s base currency, you may need to pay a currency conversion charge.

Your account is set to ‘instant conversion’ by default. This means that foreign-currency profit is converted to your base currency automatically, and funding, commission and dividend charges are taken into account before your account is credited. You can choose to have your account convert daily, weekly or monthly. Our standard conversion charge is 0.5.

If you’re buying and selling shares on a share dealing account, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.5 points.

Yes, we offer guaranteed stops so that you can put an absolute cap on your risk. You’ll pay a small fee if it's triggered. For shares, for example, this is 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 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.

The 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.

You won’t pay 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. You’ll get a refund if you trade a certain number of times in a set period.

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.

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

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

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.