IG Deposit and Withdrawal In Detail | $0 Fees

Introduction

IG is one of the biggest forex and CFD brokers in the industry with over 45 years of experience since 1974 and about 239,000 clients worldwide. It has a long tracking record and is regulated by top-tier financial authorities like FCA, the Financial Conduct Authority in the UK. It also has over 17,000 products for trading including forex, CFDs, ETFs, commodities, and more. With free withdrawals and deposits, IG becomes one of the best choices for you to start trading on.

Account Currencies

The IG account has 6 base currency options which are:

• GBP
• EUR
• AUD
• USD
• SGD
• HKD

Notes:

• You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
• If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

IG supports depositing using different mehtods such that:

• Credit/ Debit Cards
• Bank Transfers
• HK FPS
• Paypal

IG deposit methods

Fees and Time

IG does not charge any deposit fees, but at the same time there are minimum and maximum deposits allowed. So, please refer to the table shown below for more details.

IG Deposit Fees and Time

Maximum Deposit Amount

• £25,000 by PayPal
• £30,000 by credit card
• £99,999 by debit card
• No maximum for bank transfers

Minimum Deposit Amount

• £250 by credit/debit card and PayPal
• No minimum for bank transfers
• Other currencies as the table shows below

Minimum Deposit by Currency

How to deposit in your account?

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

You can deposit funds with a credit card, debit card, HK FPS or via bank transfer.

Withdrawal

IG provides several withdrawal options as the table shows below.

IG withdrawal methods and fees

Fees and Time

IG does not charge withdrawal fees, but at the same time, there’s a minimum withdrawal applied of $150, unless you have less than $150 available on your account. In this situation, you can withdraw up to the amount available.

IG Withdrawal Options and Time

There’s also a minimum withdrawal amount applied according to the base currency you have as shown below.

Minimum Withdrawal

How to withdraw your money from IG?

To withdraw your funds, please log in to My IG, go to the ‘live accounts’ tab, and select ‘withdraw funds’. You’re able to withdraw funds as a bank transfer (assuming all anti-money laundering regulations have been met), or back to a card account as a refund.

Note:

For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

FAQs

1. Does IG give cash rebates?

• Yes. For pro traders only.

1. Does IG give a bonus?

• Unfortunately, IG does not provide any bonuses or promotions.

1. Where is my money held?

• In segregate bank accounts

1. What happens to my money if IG goes into liquidation?

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

1. What happens to my funds if the bank which holds my funds goes insolvent?

• As all deposits lodged with us are held on trust for you in a regulated trust account, in such circumstances those deposits would attract all the legal protections afforded to trust money.

1. How to enable the swap-free option in my account?

• By emailing IG at helpdesk.ae@ig.com with instructions to do so. IG will email you back once this has been done.

1. When trading forex, will you lose more than your initial deposit?

• Yes. All trading involves risk. Losses can exceed deposits.

1. Does IG accept payments from third parties?

• No. Payments should be under your name.