All trading involves risk. Losses can exceed deposits.
Over 40 years’ heritage
Over 185,000 clients worldwide
Over 15,000 markets

Our charges

We are clear about our charges, so you always know what fees you will incur when you trade with us

All trading involves risk. Losses can exceed deposits.

Start trading now

It's free and quick to open an account with us - and there's no obligation to fund or trade. Or, open a demo to try out our platform.

Spreads, commissions and margins

You pay a spread on every spread bet or non-share CFD. You pay commission on every share CFD and share dealing trade.

Spread betting

Indices

Market name Minimum bet  Available spread Margin factor 
FTSE 100 DFB
24 hours
£1 1 0.5%
Wall Street DFB
24 hours
£1 1.6 0.5%
Germany 30 DFB
24 hours
£1 1
 
0.5%
Australia 200 DFB
24 hours
£2 1 0.5%


See full indices product details

Shares

Share category

DFBs Near quarter Far quarter Very far quarter 
FTSE 100 shares 0.10% 0.20% 0.40% 0.60%
Major US shares 0.10% 0.35% 0.45% 0.60%
Major European shares 0.10% 0.35% 0.45% 0.60%

 

With share spread bets, we offer permanently low spreads on thousands of shares, given as a percentage of the underlying market value. We subtract the spread from the market value to get a Sell price, and we add it to the market value to get a Buy price.

See full shares product details

Forex

Market name

Min
bet 

Min spread

Ave spread*

Margin required

Spot EUR/USD £1 0.6 0.75 0.5%

Spot AUD/USD

£1 0.6 0.75 0.5%
Spot EUR/GBP £1 0.9 1.17 1%
Spot GBP/USD £1 0.9 1.34 1%

 

See full forex product details

 

Commodities

Market name

Minimum bet 

Spread

Margin factor

Spot Gold £5 0.3 0.5%

Spot Silver

£3 2.5 1%
Oil - US Crude £2 2.8 1%
Oil - Brent Crude £1 2.8 1%

 

See full commodities product details

 

CFD trading

Indices

Market name

Value of one contract

Available spread

Margin per contract

FTSE 100
24 hours
£10 1 0.5%

Wall Street
24 hours

$10 1.6 0.5%
Germany 30
24 hours
€25 1
 
0.5%
Australia 200
24 hours
AUD25

1
 

0.5%

 

See full indices product details

 

Shares

Share category Commission 
per side
Min charge
(online)
Min charge
(phone)
UK 0.10%
 
£10
 
£15
 
US 2 cents per share
 
$15
 
$25
 
Euro1 0.10%
 
€10
 
€25
 

 

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.

 

See full shares product details

 

Forex

Market name

Value
per point

Min spread

Ave spread*

Margin req

Spot EUR/USD $10 0.6 0.75 0.5%

Spot AUD/USD

$10 0.6 0.75 0.5%
Spot EUR/GBP £10 0.9 1.17 1%
Spot GBP/USD $10 0.9 1.34 1%


See full forex product details

Commodities

Market name

Value of one contract

Spread

Margin per contract

Spot Gold $100 0.3 0.5%

Spot Silver

$50 2.5 1%
Oil - US Crude $10 2.8 1%
Oil - Brent Crude $10 2.8 1%

 

See full commodities product details

 

Share dealing

Spread betting and CFD traders

If you have placed at least one spread bet or CFD trade on any market in the previous calendar month, you will automatically qualify for our lowest commission rate for UK shares.

Trading activity in previous month

Commission per trade (UK shares only)

1 or more spread bets or CFD trades £5

 

Share dealing only traders

If you've not placed at least one spread bet or CFD trade in the previous month, you'll still qualify for our lowest commission rate on UK stocks if you've placed ten or more share dealing trades in the previous month.

Number of trades
(in previous month)

Commission per trade (UK shares only)

10+ trades £5
0-9 trades £8

 

International shares

For all other shares, we charge the following:

Region

Commission per trade

Minimum charge online

Minimum charge phone

UK £5 - £8 (as above) £40
Ireland 0.1% €10 €50
US 2 cents per share $15 $50
Germany 0.1% €10 €50
Netherlands 0.1% €10 €50

 

See full share dealing charges and fees

Funding and interest

Funding and interest charges apply to CFD trades and spread bets only.

DFBs and cash CFDs

If you keep a Daily Funded Bet (DFB) or Cash CFD position open overnight (after 10pm UK time) we will make an interest adjustment to your account, to reflect the cost of funding your position. The interest adjustment is based on 1-month interbank funding rates (eg. LIBOR). We debit your account if your position is long, and credit your account for a short position – if the interbank funding rate is greater than 2.5%.*

For nearly all our markets, this is calculated in the same way for both spread bets and CFDs. For forex, the funding cost is calculated differently. See the table below.

Daily funded bets and cash CFDs

Long positions

Short positions

Forex positions

We charge 2.5%* above the relevant interbank rate.
 
Eg. If the relevant interbank 1-month rate is 0.5%, you would be charged 3.00% (annualised).
You receive the relevant interbank rate, minus 2.5%*.
 
If the interbank rate is greater than 2.5%,* we credit your account; if the interbank rate is less than 2.5%,* your account is debited.
 
Eg. If the relevant interbank 1-month rate is 0.5%, you would be charged 2.00% (annualised).
For forex positions, we charge funding based on the current tom-next rate. 
 
Tom-next shows, in points, the difference between the interest paid to borrow the currency that is being notionally sold, and the interest received from holding the currency.

*3% on mini and micro CFD contracts

How is funding calculated?

Futures and forwards

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. We build the overnight funding charges into the spread, so that everything is included, for futures and forwards. This makes it easier to identify your break-even level on your deal.

Non-share markets

Stock index

Futures spread

Forex pair

Forward spread

Commodity

Futures spread

FTSE 100 4 EUR/USD 10 Spot gold 0.6
Wall Street 6 GBP/USD 9 Spot silver 3
Germany 30 6 AUD/USD 10 Light Cruide oil 6
More indices More forex pairs More commodities

Cash vs Future example

Share markets

We offer forward spread bets on shares, for the upcoming three quarters.

Market

Quarterly bets (near)

Quarterly bets (far)

Quarterly bets (very far)

FTSE 100 shares 0.20% 0.40% 0.60%
Other UK shares 0.40% 0.45% 0.60%
Major US shares 0.35% 0.45% 0.60%
Other US shares 0.35% 0.45% 0.60%
Euro shares 0.35% 0.45% 0.60%
Other euro shares 0.35% 0.45% 0.60%
More shares

 

Understanding margin

Margin trading gives you full exposure to a market using only a fraction of the capital you’d normally need. It is the amount of money you need to open a position, defined by the margin rate.

Margin with IG

At IG, our margins are among the lowest in the industry. We can offer even lower rates for the majority of positions thanks to our tiered margin system.

Find out more about margin with IG

Extra services and charges

For spread bets, CFDs and share dealing, there are some extra services that we charge for.

Service

Charge

Direct Market Access (DMA) There’s no charge for using DMA to trade CFDs on forex and shares, or buy and sell shares via our share dealing service, though in order to access live DMA prices for some shares you’ll need to pay a monthly exchange fee. 
Live price data feeds Obtaining live share prices from an exchange, whether that's to trade share CFDs or buy and sell shares via a share dealing account incurs a monthly fee.
ProRealTime Charts Subscribing to real-time charts costs £30 per month. This is refunded if you place four or more trade a month. We reserve the right to charge you for the service if your qualifying trades are of an extremely low value.
Inactivity fee We charge a £12 fee on the first of every month, if no dealing activity has occurred for two years or more. 
Account documentation fee We charge a $50 fee on accounts which have not supplied a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade on a US-incorporated stock. We do not apply this fee to accounts with up-to-date documentation or accounts which have not entered into qualifying trades. We will notify you if you have entered into a qualifying trade and need to complete a form.

 

Charges passed on from third parties include:

Charges and funding 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 08.00-16.30 (London time). 

How does overnight funding work?

When you spread bet or trade CFDs with us, you trade on margin. This means you provide only 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, there is no funding fee. If you keep it open overnight, we charge a small fee to cover the cost of the money you’ve effectively borrowed.

For share and stock index trades, this funding fee is the relevant interbank rate for your traded currency, plus or minus our small admin fee, depending on if your position is long or short.

For forex and spot metals trades, it is the tom-next rate plus a small admin fee.

For commodities and other futures markets there is no overnight funding fee because the cost of funding is built into the spread. Share dealing trades made using a share dealing account also don't have a funding fee, as there is no margin involved.

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 are subject to commission. Share spread bets are commission free, but are subject to a spread on the opening and closing price of the bet. However, the overall cost is virtually the same for share spread bets and share CFDs. CFD traders should remember we offer our tightest 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 to our maximum 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 are using

CFDs

All UK shares are subject to a flat 0.10% commission, while all US stocks are subject to a CFD commission of 2 cents per share, for example. See our contract details for all our share CFD commissions.

Share dealing

All UK shares are subject to commission from £5, while all US stocks are subject to commission of 2 cents per share, for example. See our share dealing charges for full shares commissions.

Overnight funding

The overnight funding fee is calculated using the relevant interbank rate for stock index and share trades. The fee for forex trades is calculated using the tom-next rate. These rates change daily, varying the funding fee each day. Mini and micro CFD contracts are subject to a higher funding rate.

When should I use a forward bet / contract?

There is no overnight funding fee for forward trades, the funding cost is built into a wider spread. This makes forwards less attractive for short-term trading but more so 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?

CFDs traded in a currency other than your account’s base currency may incur a currency conversion charge. Our default setting is instant conversion, where foreign-currency profit is converted to your base currency and funding, commission and dividend charges are taken into account before your account is credited. We also offer daily, weekly and monthly conversion settings. Our standard charge is 0.3%.

For relevant share dealing transactions on share dealing accounts, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.3%.

Do you offer guaranteed stops?

When you have a guaranteed stop attached to your position, we apply 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 actual 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.

There is no fee to use our platform for either CFDs or spread betting, but there is a charge for some live data feeds. This also applies to our DMA-specific platforms which require live data feeds. The fee is refunded to active traders.

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.

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet and CFD details.

Shares funding

Shares funding

Size for CFDs means number of shares.

Size for spread bets means size of bet  

Closing price means underlying market price at 10pm (UK time).

If your deal is in GBP

Size × closing price × LIBOR +/- 2.5% ÷ 365

Based on LIBOR one month overnight rate

If your deal is in USD

Size × closing price × US LIBOR +/–2.5% ÷ 360   

If your deal is in EUR

Size × closing price × EURIBOR +/–2.5% ÷ 360   

The formula uses a 365-day divisor for UK, Singapore and South African shares, and a 360-day divisor for shares in other markets.

 

FX and spot metals funding

FX and spot metals funding

A tom-next rather than an interbank rate is used in the calculation of funding costs for forex and spot metals.

Tom-next is the day’s market swap rate for that pair or metal.

Example tom-next rate: -1.39/-0.39.

-0.39 would be used to calculate the funding cost on a long position.

-1.39 would be used to calculate the funding cost on a short position.

Size x (tom-next rate + admin fee) 

Spread bet

Size means stake per point

Tom-next is the day’s market swap rate for that pair or metal

Admin fee is no more than 0.0022% per day

CFD

Size means total value of lots (number of lots x value per lot)

Tom-next is the day’s market swap rate for that pair or metal

Admin fee is no more than 0.3% per annum (0.8% for mini contracts)

Three-day funding is charged on a Wednesday. 

Other markets

Other markets

Size for CFDs means total contract value (number of contracts x value per contract).

Size for spread bets means stake per point.

Closing price means underlying market price at 10pm (UK time).

If your deal is in GBP

Size × closing price × LIBOR +/- 2.5% ÷ 365 Based on LIBOR one month overnight rate

If your deal is in USD

Size × closing price × US LIBOR +/–2.5% ÷ 360

If your deal is in EUR

Size × closing price × EURIBOR +/–2.5% ÷ 360

Please note: when trading a non-standard GBP-denominated index CFD, or a mini contract on any asset class, the funding rate is +/-3% rather than +/-2.5%

Selling the FTSE 100 CFD (Cash v Future)

Cash CFD vs CFD Future: FTSE 100

  CFD Future Cash CFD
Underlying market/value

FTSE 100 JUN13 Future 6400

Our market/spread

FTSE 100 Jun13

6398/6402

FTSE 100 Cash

6401.5/6402.5
Deal

Sell at 6398

Sell at 6401.5

Deal size

3 contracts

£10 per contract

3 contracts

£10 per contract
Margin required

£750

Margin per contract x number of contracts

£250 x 3

£750

Margin per contract x number of contracts

£250 x 3

What happens next? The market falls during the next 30 days and the FTSE 100 June Future reaches 6310
Funding Included in the spread on the opening of the future

30-day funding charge: £ 104.90

Assuming a 30-day average price of 6350

([one month LIBOR eg 0.49% minus 2.5% x value of underlying value at 10pm]/ 365) x number of days

(-2.01% x [6350 x £10] /365) x 30
Close

Buy at 6312

Buy at 6310.5

Gross profit

Gross profit = £2580

6398 – 6312 = 86

£30 per point

Gross profit = £2730

6401.5 – 6310.5 = 91

£30 per point

Costs

4-points IG spread (included)

Funding included in spread

1-point IG spread (included)

Funding cost: £104.90

Net profit

Net profit = £2580

Net profit = £2625.10

What if...

If the market rose 86 points instead

-(86 x £30)

£2580 net loss

If the market rose 91 points instead

-(91 x £30 + £104.90)

£2834.90 net loss

 

Contact us

We're here 24hrs a day from 8am Sunday to 10pm Friday,
and 9am to 5pm Saturday.

0800 195 3100

You can also email us at newaccounts.uk@ig.com