Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 71% 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.

Costs and charges

See your opportunity, trade it for less. Find out more about what you’ll pay for your trading, and why.

Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.

Contact us 08001953100

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.

Contact us 0800 409 6789

Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.

Contact us 08001953100

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.

Visit help and support for more information.

Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.

Contact us 0800 409 6789

How much does it cost to trade with IG?

Account charge

Opening an account with us is completely free and you don't have to add funds until you're ready to place a trade.

£O

Deep internal liquidity with a futures account

Spread and commission

Trade with spreads from 0.6 points on key FX pairs, 0.8 points on major indices, and 0.1 points on commodities.

From 0.1

Learn more

Other potential charges

There may be other charges and factors that could influence how much your trading costs, but not in all cases.

Only when applicable

Learn more

A breakdown of our spread betting and CFD 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 contracts for difference (CFDs). You’ll also want to keep your eye on some other potential charges and factors that could influence how much your trading costs.

  • Direct costs
  • Other potential charges
  • Other factors that are relevant to the cost of your trading
back
  • The spread or commission
  • Overnight funding
back
  • Guaranteed stop premiums
  • Borrow fee
  • Extra services
back
  • Margin
  • Slippage
  • Negative balance protection
  • Volume based rebates
back

The spread or commission

The spread is the difference between the bid and ask prices, and varies depending on market conditions. In most cases we charge our own spread on top of the market spread, as our fee for the trade. Spread charges apply to CFD trades for all markets except shares.

For every shares CFD trade, you’ll pay a commission instead of a spread

More about spreads and commission

Overnight funding

Overnight funding is the charge you pay for keeping daily funded bets (DFBs) and cash CFD positions open past 10pm UK time; we’ll make an interest adjustment to your account to reflect the cost of funding your position.You don’t need to pay overnight funding for futures or forwards, because we build that cost into the spread.

More about overnight funding

Guaranteed stop premiums

You’ll pay a small fee, called the premium, if your guaranteed stop is triggered. For CFD positions on shares, for example, this is 0.3% of the underlying transaction value

More about premiums for guaranteed stops

Borrow fee

Short a stock using a DFB or CFD, and you’ll pay an annualised borrow fee (market borrow rate + 0.5% administration charge).

Extra services

You can choose to pay for extra services to support your trading, like direct market access (DMA), advanced charting packages, live data streams and more.

More about extra services

Margin

Spread betting and CFDs are leveraged, so when you open a trade you only need to pay a portion of its full value up front. This deposit is called the margin, and the percentage you pay can make a big difference to the affordability of your trading.

More about margin

Slippage

‘Slippage’ is the term for when your order is executed at a different price to the one you requested. Slippage on stops means you could lose more than expected, while slippage on limits means that you may profit more than expected.

More about slippage

Negative balance protection

Negative balance protection ensures that your account balance never stays below zero.*

So, if your CFD account balance falls below zero due to accumulated losses on your trades, we’ll bring it back to zero as soon as possible – usually immediately – at no cost to you.

Volume based rebates

You could be eligible for monthly cash rebates based on your trading activity. These are only available to professional clients.

More about monthly cash rebates

A breakdown of our US options and futures trading costs

There are a few costs that you’ll need to consider when trading US-listed options and futures with us, including commission and margin interest. Your trading outlay can also be influenced by other charges – see an outline of these below. When trading options and futures, losses can exceed your original investment.

  • Upfront costs
  • Other factors that are relevant to the cost of your trading
  • Other potential charges
back
  • Commission
back
  • Margin interest rates
back
  • Extra fees
back

Commission

We take a small commission of $1.00 per contract when you open an options position. Commissions are capped at $10.00 per leg for equity and exchange-traded fund (ETF) options. You won’t pay any commission to close an options position.

We take commission when you open a futures position, and again when you close it.

Futures

Opening commission = $1.25
Closing commission = $1.25

Micro futures

Opening commission = $0.85
Closing commission = $0.85

More about spreads and commission

Margin interest rates

Margin accounts let you trade on leverage to hold your positions. If you have this account type, you’ll be charged margin interest when your settled cash balance is negative.

This interest is accrued daily and charged monthly.

More about margin

Extra fees

Depending on your account type and the positions you choose to open, you could also be responsible for other fees, eg banking fees and clearing fees.

More about charges

Spreads and commission

The spread or commission is the one charge that you’ll need to consider upfront when trading. You can find spreads and commissions for our most popular markets below. To see more details for a market, follow the links.

  • Spread betting
  • CFDs
  • US options and futures

Daily funded bets

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 40 1.2
Australia 200 1

Forex

Market Average spread2 Average spread
(00:00-21:00)3
EUR/USD 1.04 0.85
AUD/USD 1.03 0.82
EUR/GBP 1.89 1.40
GBP/USD 1.83 1.40

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%

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.

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 40 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

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 40 1.2
Australia 200 1

Forex

Market Minimum spread Average spread1 Average spread
(00:00-21:00)2
EUR/USD 0.6 1.04 0.85
AUD/USD 0.6 1.03 0.82
EUR/GBP 0.9 1.89 1.40
GBP/USD 0.9 1.83 1.40

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 from Min charge (online) Min charge (phone)
UK 0.10% £10 £15
US 2 cents per share $15 $25
Euro 0.10% €10 €25

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.

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 40 6
Australia 200 3

Commodities

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

Options on stocks and ETFs

Opening commission Closing commission
$1.00 per contract

$0

($10.00 max per leg)

Index options

Opening commission Closing commission
$1.00 per contract $0

Options on Futures

Opening commission Closing commission
$2.50 per contract $0

Options on micro futures

Opening commission Closing commission
$1.50 per contract $0

Futures

Opening commission Closing commission
$1.25 per contract $1.25 per contract

Micro futures

Opening commission Closing commission
$0.85 per contract $0.85 per contract

Stocks

Opening commission Closing commission
$0.00 $0.00

All stock trades incur a clearing fee of $0.0008 per share and a regulatory fee.

Overnight funding on spread bets and CFDs

What is overnight funding?

Overnight funding is the charge you pay for keeping DFBs 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.

  • 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 1% for all contracts.

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

*Our admin fee is 3% for spread bets and standard CFD contracts, and 3% for minis. If you’re long, you pay the relevant interest rate benchmark. 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 3% / 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 (relevant interest rate benchmark * +/- 3%)) / 365.

*If you’re long, you pay relevant interest rate benchmark. 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 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 more than 47 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 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 more than 47 years of experience, we’re proud to offer a truly market-leading service

Start trading now

Open your account now, and discover today’s opportunity on a huge range of markets.

Start trading now

Open your account now, and discover today’s opportunity on a huge range of markets.

Margin interest on US options and futures

When you trade on margin, we charge margin interest.

Debit balance Rate Base rate adjustment3
<25,000 11% +1%
25,000 - 49,999 10.5% +0.5%
50,000 - 99,999 0% 0%
100,000 - 249,999 9.5% -0.5%
250,000 - 499,999 9% -1%
500,000 - 999,999 8.5% -1.5%
>1,000,000 8% -2%

Margin interest is accrued daily and charged monthly (on the first business day after the 15th). The interest accrued each day is calculated by multiplying the settled margin debit balance by the annual interest rate and then dividing that amount by 360. The amount of the debit balance determines the annual interest rate on that particular day.

When trading options and futures, losses can exceed your original investment.

Guaranteed stop premiums

You can protect your spread betting or CFD trading positions 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 1.5
EUR/GBP 2
GBP/USD 2
Market Guaranteed stop premium
FTSE 100 0.8
Wall Street 1.8
Germany 40 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 £30.00 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 in value.

Account documentation fee

To trade US-incorporated stocks, 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 $50.00 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

If you trade CFDs in a currency other than your account’s base currency, you may incur a currency conversion charge. Your account is set to ‘instant conversion’ by default, which means that foreign-currency profit is converted to the base currency automatically – and your funding, commission and dividend charges are considered before your account is credited.

You can also set your account to daily, weekly, and monthly conversion settings. Our standard charge is 0.8%. For relevant share dealing transactions on share dealing accounts, we’ll convert currencies at the time of execution based on the best available bid/offer exchange rates, plus our spread of 0.5%.

If you deposit in a currency other than USD when trading in a US options and futures account, a 0.5% conversion fee also applies.4

Additional US options and futures fees

When trading US-listed options and futures with us, you could be responsible for banking fees; certain trade-related fees like options regulatory fees and clearing fees, single-listed exchange proprietary index options fees, and other miscellaneous fees like overnight mail costs, where applicable.

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 £30.00 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 in value.

Account documentation fee

To trade US-incorporated stocks, 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 $50.00 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

If you trade CFDs in a currency other than your account’s base currency, you may incur a currency conversion charge. Your account is set to ‘instant conversion’ by default, which means that foreign-currency profit is converted to the base currency automatically – and your funding, commission and dividend charges are considered 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’ll convert currencies at the time of execution based on the best available bid/offer exchange rates, plus our spread.

If you deposit in a currency other than USD when trading in a US options and futures account, a 0.5% conversion fee also applies.4

Additional US options and futures fees

When trading US-listed options and futures with us, you could be responsible for banking fees; certain trade-related fees like options regulatory fees and clearing fees, single-listed exchange proprietary index options fees, and other miscellaneous fees like overnight mail costs, where applicable.

Third-party charges

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

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 08am-4.30pm (London time).

How does overnight funding work?

When you take spread bet or 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.

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 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. CFDs typically have tight 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 up to certain 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 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). See our product details for all our share CFD commissions.

Share dealing

You can buy and sell UK shares on commission from just £3.00, and US shares commission-free, if you deal three or more times in a month. See our share dealing charges for full shares commissions.
US options and futures

You'll pay between $0 and $2.50 per contract, and the commission will also depend on whether you’re opening or closing your position. See spreads and commission for all our US options and futures commissions.

Overnight funding

When trading spread bets or CFDs, we calculate our overnight funding fee using the relevant interbank rate for share and index trades, and the tom-next rate for forex trades. 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.

When should I use a forward bet or contract?

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%

Is there a currency conversion charge?

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 considered before your account is credited.

You can choose to have your account convert daily, weekly or monthly. Our standard conversion charge is 0.8%.

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

With US-listed options and futures, you’re trading in dollars, which means a currency conversion fee of 0.5% may apply if you don’t deposit in USD.4

Do you offer guaranteed stops?

Yes, we offer guaranteed stops when spread betting or trading CFDs, 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.

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 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’s 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.

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?

No, we won't charge you any fees to maintain your account.

Try these next

Find your route to the financial markets, with choices to suit your goals and style.

Discover your next opportunity on our huge range of markets – including indices, shares and forex.

Learn how protect your capital with our range of in-platform tools.

1 Average spread (Monday 00.00 - Friday 22.00 GMT) for the 12 weeks ending 8 January 2021.
2 Average spread (between 00.00-21.00 GMT Monday to Friday) for the 12 weeks ending 8 January 2021.
3 Base rate: 10% as of 1 June 2024. Base rate is subject to change without notice.
4 The base currency for trading on our US options and futures platform is USD. We auto-convert deposits in a different currency to USD and we automatically convert any realised profit, loss, funding, dividend adjustments or commission to your base currency. We charge a currency conversion fee of 0.5%.