Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.

How do I deposit funds into my account?

Please ensure that any card, PayPal or bank account is in your name when depositing into your IG account, as we’re unable to accept any third-party funding.

You can deposit funds with a credit card, debit card, PayPal account or via a bank transfer.


How to deposit

Funding on desktop

To deposit funds on the desktop, log in to My IG, and click ‘add funds’ next to the account you’d like to deposit into.


Alternatively, you can ‘add funds’ on the web trading platform by using the button on the top right.

Funding on iPhone

Open the app, click on ‘account’ at the bottom right, select the account you wish to deposit into and click ‘add funds’ to choose your preferred payment method.

Funding on Android

Open the app, click on ‘account’ at the bottom right, select the account you wish to deposit into and click ‘add funds’ to choose your preferred payment method.

Deposits requiring a currency conversion

Our standard FX conversion fee is 0.5% which is added to the best available exchange rate provided from several banks. To add our FX conversion fee, we multiply the underlying exchange rate by 1.005 before converting.

For example, if the GBP/USD exchange rate is 1.4, the FX conversion rate applicable would be 1.4 x 1.005 = 1.407.

If you’re depositing funds in a currency that differs to the receiving trading account’s base currency, we may or may not convert deposited funds depending on your currency conversion settings (link to new page).

You can only opt for different conversion currency conversion settings on spread betting, CFD and share dealing accounts. By default all accounts are set to ‘instant’ conversion. This means that we automatically convert deposits to your default base currency.

Example*:

Say you deposit $1,000 from a USD denominated bank account into your spread bet account which has a base currency of sterling, and the GBP/USD exchange rate is 1.3911*.

To add our FX conversion fee, we would multiply the exchange rate by 1.005 resulting in a conversion rate of 1.3981.

After conversion, your account would be credited with $1,000 / 1.3981 = £715.26

To work out the FX conversion fee in sterling:

£715.26 x 0.5% = £3.55

*All the examples are for illustrative purposes only. Please check the costs and charges before trading. Figures may not add up to a given total due to rounding.



For share dealing accounts, you can view how much of each currency you hold by visiting your My IG, then selecting ‘live accounts’ and choosing ‘currency conversion’, as well as in the ‘accounts’ section of your mobile app.


Payment methods

Credit or debit card

Please ensure your card details matches the name and address of your IG account. Any successful payments are deposited immediately, and you may have up to 5 active cards on your account at a time.

PayPal

When depositing via PayPal, enter the amount you want to deposit and click ‘confirm’.

This will direct you to the page below. Click the ‘PayPal’ button and you will be directed to the PayPal site to complete the transaction. Once you have deposited the funds, you will be automatically returned to the IG website.

After completing your first transaction, your PayPal account will be linked to IG. You can only have one PayPal account linked to IG at any time.

If you want to use a different PayPal account, please contact us to unlink your current PayPal account.

Bank transfer

Bank transfers can take up to three working days, depending on your bank. You can upload a proof of payment if you’d like to trade with the funds straight away.

Always make sure to put your account ID and full name as a reference of the payment.

You can find your account ID on your My IG dashboard or under ‘account’ on the bottom left of your mobile app.


Bank details

Bank details for payments to spread betting

Please ensure to state your full name and account ID as a reference.


IG Index Limited
Lloyds Bank
39 Threadneedle Street
London EC2R 8AU
BIC (if needed): LOYDGB21013

For deposits in the following currencies:

GBP
Account number: 01870836
IBAN: GB74LOYD30000901870836
Sort code: 30-00-09

USD
Account number: 11306057
IBAN: GB11LOYD30963411306057
Sort code: 30-96-34

EUR
Account number: 86045514
IBAN: GB71LOYD30963486045514
SEPA BIC: LOYDGB2L
Sort code: 30-96-34

Bank details for payments to share dealing or CFD

Please ensure to state your full name and account ID as a reference.

IG Markets Limited
Lloyds Bank
39 Threadneedle Street
London EC2R 8AU
BIC (if needed): LOYDGB21013

For deposits in the following currencies:

GBP
Account number: 02360254
IBAN: GB98LOYD30000902360254
Sort code: 30-00-09

USD
Account number: 11368109
IBAN: GB88LOYD30963411368109
Sort code: 30-96-34

EUR
Account number: 86072139
IBAN: GB63LOYD30963486072139
SEPA BIC: LOYDGB2L
Sort code: 30-96-34

We usually return money via the same card, bank or PayPal account from which we received it and may require more information from you before processing your withdrawal request.

Related questions

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