IG Fees and Commissions Revealed

 

Pros

Cons

  • Low commissions
  • No deposit or withdrawal fees
  • No inactivity fee in the first 2 years of inactivity
  • High forex and CFD fees

Introduction

With the IG broker you can invest online in a multitude of different financial instruments such as forex, CFDs, ETFs, and more.

This company, which has more than 40 years of experience in the sector, stands out for offering a professional and transparent service . The IG group has a presence in a lot of countries and has various regulations, for example it is regulated by the FCA, the Financial Conduct Authority in the UK.

But, what is the cost of their services? Like other online brokers, IG applies a series of fees, which represent their fees. If you want to know what are the most significant commissions for trading in Forex, and CFDs with this online broker, whether you are a client belong to the Latin American area, we invite you to read this article:

IG fees may vary from account type to another. Please read the following sections for more information.

Commissions

Generally, IG has only commissions on certain markets only and relatively high forex and CFD fees on the other hand. Please, note that fees and commissions may differ according to countries, markets, and account types. So, read this section carefully in order to know all the information you need.

IG applies commissions on trading shares as the table shows below.

IG Commissions

Share category

Commission

per side

Minimum charge

(online)

Minimum charge

(phone)

Hong Kong SAR

0.0018

HKD50

HKD50

US

2 cents/share

US$15

US$25

Australia

0.0008

$7

$7

New Zealand

0.001

$8

$8

UK (FTSE 350)

0.001

10

15

UK (non-FTSE 350)

0.0035

10

15

Euro1

0.001

10

25

Denmark

0.001

DKK100

DKK250

Norway

0.001

NOK100

NOK250

Sweden

0.001

SEK99

SEK250

Switzerland

0.001

CHF10

CHF25

Greece

0.00475

25

40

Singapore

0.001

SGD15

SGD15

Japan

0.002

JPY1500

JPY2500

South Africa

0.002

ZAR100

ZAR100

Canada

3 cents/share

CAD25

CAD25

International Order Book (IOB)2

0.0015

$15

$25

Trading Fees

Forex

The minimum spread for trading AUD/ USD is 0.6 pips per lot.

Indices

The minimum spread for trading FTSE 100 index is points per contract, knowing that the value of one contract is £10 / £2 For Standard and Mini accounts respectively.

Futures

The minimum spread for trading Germany 30 is 6 points per contract, knowing that the value of one contract is €250 / €50 For Standard and Mini accounts respectively.

Metals

The spreads of trading Gold and Silver are 0.3 and 2 points per contract respectively, knowing that the values of contracts are $50 and $100 respectively.

Note:

  • Gold’s contract size is 100 troy oz
  • Silver’s contract size is 5,000 troy oz

Softs

The spread of trading Cocoa London is 3 points per contract, knowing that the contract size is £10.

Energies

The spread per contract of trading Oil – Brent Crude is 2.8, knowing that the contract size is $10.

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

Non-Trading Fees

  • Account fee: $0
  • Inactivity fee: You’ll pay a $18 fee on the first of every month if you’ve not used your account to deal for two years or more.
  • Deposit fees: $0
  • Withdrawal fees: $0
  • Other Fees: Please, note that IG charges you with other types of fees like the account documentation fees, currency conversion fees, and Pro Real Time charts. You can take a look at them in the image below.

IG Fees and Commissions Revealed

IG Fees Explained

FAQs

  1. Does IG allow bot trading?
  • Yes, IG allows you to use trading bots in order to trade on behalf of you.
  1. Does IG give a bonus?
  • Unfortunately, IG does not provide any bonuses or promotions.
  1. How to enable the swap-free option in my account?
  1. When trading forex, will you lose more than your initial deposit?
  • Yes. All trading involves risk. Losses can exceed deposits.

 



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