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 withdraw funds from my IG account?

Please note that we would usually return money via the same method we received it from.

We may let you withdraw your funds through an alternative method at our absolute discretion, and may ask you to verify your source of funds beforehand.

Withdrawal information

Withdrawal times

  • Card: typically between 2 to 5 working days
  • PayPal: usually immediate and within 1 working day
  • Bank transfer: should reach you on the same day, if requested before 12pm (UK time) on a working day – but can take up to 3 days

Minimum withdrawals

  • Minimum of £100 per day to your card, PayPal or bank account
  • If your account balance is less than £100, you can withdraw any available amount

Maximum withdrawals

  • Card: up to £20,000 per day
  • PayPal: up to £5,500 per transaction, with as many transactions as you like
  • Bank transfer: no limit

Are there any withdrawal fees?

We won’t charge you any processing fees for withdrawals.

Should your bank impose a fee upon receiving the funds, we will be unable to refund or avoid this charge.

Withdrawals on Android

Open the app, click on ‘account’ at the bottom right of the app and select the account you wish to withdraw from, then click the ‘withdraw’ button.

How to withdraw

Withdrawals on the desktop

To withdraw your funds, please log in to My IG, go to the ‘live accounts’ tab, and select ‘withdraw funds’.

Withdrawals on iPhone

Open the app, click on ‘account’ at the bottom right of the app and select the account you wish to withdraw from, then click the ‘withdraw’ button.

Withdrawals on Android

Open the app, click on ‘account’ at the bottom right of the app and select the account you wish to withdraw from, then click the ‘withdraw’ button.

Withdrawals 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 currencies.

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.

A currency conversion is usually required if the currency of the funds held in your IG trading account differs to the currency denomination of your receiving card, bank account or PayPal.

Example

Say you request to withdraw $1,000 from your spread bet account that has a base currency of USD to a sterling bank account. Assuming a GBP/USD exchange rate of 1.3911.400 excluding our FX conversion fee*.

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 bank 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.



If you do not wish for your funds to be converted when withdrawing, kindly send an email to helpdesk.uk@ig.com from your registered email address including the following:

  • Full details of your withdrawal request
  • The 5 digit trading account number from which you wish to withdraw from
  • 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)

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.

Other

Minimum and maximum withdrawals in other currencies

Minimum withdrawal Maximum withdrawal Maximum withdrawal
PayPal and card PayPal Card
Per transaction Per day (resets at midnight)
GBP 100 5500 20000
EUR 150 7000 25000
AUD 200 7500 35000
CAD 200 7500 35000
CHF 150 7500 25000
USD 150 7500 49999
NZD 200 n/a 35000
SGD 200 9000 35000
PLN 600 n/a n/a
DKK 1000 45000 180000
NOK 1250 45000 180000
SEK 1250 45000 200000
HKD 1250 50000 300000
ZAR 2000 50000 200000
JPY 20000 50000 n/a

Withdrawals from share dealing accounts

When selling equities on a share dealing or ISA account, there’s a 2 to 3 day settlement period before your funds will become available to withdraw. You can find more information on this here.

Related questions

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