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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.

How do I change my base currency and currency conversion settings?

By default, spread betting and CFD accounts have GBP as a base-currency and are set to ‘instant’ conversion – both of which can be changed. You can change the base currency from GBP to a foreign currency, as well as from ‘instant’ currency conversion to ‘daily’. If ‘daily’ is selected, currency conversions will processed at the end of the day – usually 10pm (UK time).

To change your spread betting or CFD account’s base currency, make sure you have no open positions and send an email to helpdesk.uk@ig.com from your registered email address including the following:

  • The 5 digit spread betting or CFD account number you wish to change
  • The base currency you wish to change to
  • Details of any funds needing conversion
  • Your full name and date of birth
  • Your registered postal address
  • Your phone number
  • The balance on your IG account
  • The market you last traded
  • The last four digits of your registered card(s)

To view and change your currency conversion settings for spread betting and CFD accounts, you can follow the steps below:

  1. Using a web browser, log in to your My IG dashboard
  2. Select ‘live accounts’
  3. Choose the relevant spread bet or CFD account from the drop down menu
  4. Select ‘currency conversion’
  5. Change your settings as you wish
CFD/Spread betting accounts

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