Example A: forex

If your notional trade value on forex is £250 million for the month, you would qualify for a rebate of 15% of the spread paid on forex in that month.

If that notional volume was all traded on GBP/USD and you paid an average spread of 1pt, your rebate would be £1436. That’s because £250m notional on GBP/USD equates to £19,157 per point – or £9579 in spread paid,* of which 15% is £1436.

*Using a GBP/USD price of 1.3050

Example B: indices

If your notional trade value on indices is £100 million for the month, you would qualify for a rebate of 5% of the spread paid on indices in that month.

If that notional volume was all traded on the FTSE 100, your rebate would be £348. That’s because £100m notional on the FTSE 100 equates to £13,937 per point, or £6969 in spread paid,* of which 5% is £348.

*Using a FTSE 100 price of 7175. Please note all index spread rebates are based on the cash market, in-hours spread.

When will I receive my rebate?

Rebates for each month will be paid into your IG account on or about the third business day of the month. You’ll get an email confirmation, and you’ll be able to see the rebate in your ledger.

Bear in mind that each asset class has its own thresholds, so meeting the requirements for one asset class won’t qualify you for a rebate in the others.

Once you’ve successfully reached the threshold, you'll be paid a rebate based on all turnover generated in that asset class – not just for the amount beyond the threshold level.

How do I qualify for a cash rebate?