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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

What we do with your money

When you deposit money into an IG account as a retail client, it's protected in a number of ways.

Call 010 500 8624 or email newaccounts.za@ig.com to talk about opening a trading account. We're here 24 hours a day from 9am Saturday to 11pm Friday.

Contact us: 010 500 8624

Call 010 500 8624 or email newaccounts.za@ig.com to talk about opening a trading account. We're here 24 hours a day from 9am Saturday to 11pm Friday.

Contact us: 010 500 8624

The essentials

Your money is held in segregated client bank (independent trust) accounts at registered banks

Your money is never merged with IG’s own money

Authorised and regulated by the Financial Sector Conduct Authority

Your assets are held by a custodian in segregated (nominee) client asset accounts

Your money is ring-fenced from creditors in the unlikely event that IG goes into liquidation

IG doesn’t use your money for business activities, including for hedging trades with other counterparties (or as margin for our own hedging trades)

What happens to the money I deposit with IG?

Your money is held in segregated bank accounts under trustee arrangements. This ensures that the cash remains yours, rather than IG’s. It also means that it’s easily identifiable as client money, so IG and its creditors don’t have any charge, liens, or rights of set-off or retention over it.

All monies held on behalf of clients are held in accounts with a range of top banks registered in South Africa such as Standard Bank and Absa Bank. We intentionally ensure that we keep client money separate from IG's funds by opening separate bank accounts for client money.

What happens to my money or assets if IG goes into liquidation?

In the unlikely event of this happening, all our clients would have their share of the segregated money, minus the administrators’ costs in handling and distributing these funds.

Interest earned on your cash

We place the full balance of client funds into segregated bank accounts. In South Africa, these segregated bank accounts earn interest at a rate determined by the respective bank. The client funds are paid out using the reference rate SABOR less tier % based on the cash balance to a maximum of 2%. The difference between the two rates, are retained by us as an administration charge. Each of these rates are fully disclosed in client month end statements.

Interest is calculated on the cash balance, which is the cash ledger balance plus unrealised profits less unrealised losses. Balances in currencies other than South African Rands do not attract credit interest.

Premium Services

We place the full balance of client funds into segregated bank accounts. In South Africa, these segregated bank accounts earn interest at a rate determined by the respective bank. Client funds earn interest using the reference rates indicated in the table below.

Cash Balance Interest rate

R0 - R500,00

SABOR-2%

R501,00 - R1 million

SABOR - 1.75%

R1 million - R2.5 million

SABOR - 1.5%

R2.5 million and above

SABOR - 1%

The difference between the bank interest rates and the reference rate above, is retained by us as an administrative charge. Each of these rates are fully disclosed in client month end statements.

Interest is calculated on the cash balance, which is the cash ledger balance plus unrealised profits less unrealised losses. Balances in currencies other than South African Rands do not attract credit interest. The preferential rates indicated in tiers 2-4 need to be agreed and confirmed with the Premium Services desk on an individual account basis.

What happens to my money if one of the banks IG uses to hold client money goes into liquidation?

In the event of South Africa-based bank defaults, clients’ money held in the trust account will be treated as a liability of the bank and dealt with in accordance with applicable laws and regulations of the FSCA.

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to 17,000 global markets, with reliable execution

React faster with powerful technology

Our platform and apps are intuitive and highly responsive, so trading opportunities are always within reach

Grow your confidence with an established provider

We’re a FTSE 250 company that’s been leading our industry for nearly 50 years, so our expertise is second to none

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to 17,000 global markets, with reliable execution

React faster with powerful technology

Our platform and apps are intuitive and highly responsive, so trading opportunities are always within reach

Grow your confidence with an established provider

We’re a FTSE 250 company that’s been leading our industry for nearly 50 years, so our expertise is second to none

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

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We're clear about our charges, so you always know what fees you will incur.

With tiered margining we can offer lower rates for the majority of positions.

See how we've been changing the face of trading for more than 40 years.