No Hidden Charges

Home >
Low Margin Rates >
No Hidden Charges

At IG Markets, we are occasionally asked about any charges clients may incur. As a business, we make our money in the following ways:

Fees

Our commission for share CFDs starts at just 0.10%, with a minimum charge of £10 for online dealing and £15 when you place a trade via our phone dealing desk.

A special minimum online commission charge, starting at just £1 for UK share CFDs, is available to clients who subscribe to our six-week TradeSense educational programme. This special commission charge is available only for the duration of the six-week course.

Funding

Daily funding, at a rate of one-month LIBOR +/- 2.5%, applies to all CFDs and cash index trades.

Interest is debited for long CFD trades and credited for short CFD trades, unless LIBOR is less than 2.5%, in which case short positions will incur a debit. The total interest you pay or receive depends on the size of your trade and the length of time for which you have held the position.

For FX positions held overnight, clients pay or receive funding based on the current Tom/Next rate. Tom/Next expresses in pips the difference between the interest paid to borrow the currency that is being notionally sold overnight, and the interest received from holding the currency that is being notionally bought overnight. An administrative charge of no more than 0.3% per annum applies on either side of the current Tom/Next spread. This maximum charge will apply to both regular and mini-contracts.

Currency conversion

We have two currency conversion settings. Our default setting for all clients is Instant Conversion. When your position is closed, any foreign currency profit and loss will be converted to your base currency before being applied to your account. This includes any charges (for example, funding, commission or dividends).

We also offer a Daily Conversion setting which is available to Trader Account holders. If you are a Limited Risk account holder and would like to take advantage of Daily Conversion, please contact us to upgrade your account. Conversions are made at a rate not worse than 0.3% from the mid-price.

No administration charges

We do not levy administration charges such as margin call fees, tax statement fees, duplicate statement fees, audit fees for disputes or platform fees. Our commission fees are low, starting at 0.10% per transaction on all UK share CFDs, and two points for FTSE spreads.

Fees passed on

We will charge a 1.5% administration fee for credit and non-UK debit card payments.
Telegraphic transfers are charged at £15
We will not charge an exchange fee if you conduct at least four trades per month on FTSE shares. You will have to pay a cost only if you view live feeds but do not place any trades. We do not charge for delayed data but you will be charged an exchange fee if you choose to receive live streaming data on the FTSE

*Largest single provider of CFD accounts in the UK, Investment Trends UK Financial Spread Betting & CFD Trading Report (November 2010).

The information on this site is not directed at residents of the United States or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Member of the London Stock Exchange. Authorised and regulated by the Financial Services Authority. FSA Register number 195355.

Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.