Transparent Prices

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 forex 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. 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 one point 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 the minimum required number of 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

Borrowing charges

Where you open a short share CFD position, you may incur a "borrowing charge". You will only incur a borrowing charge if we too incur such a charge when we open a hedging trade in respect of the same share in the underlying market; and we will pass the charge onto you with no mark up.

To determine whether a borrowing charge applies, call our dealers in advance of trading. The borrowing charge (if applicable) will be accounted for in the daily interest adjustment that is applied to your trade. The borrowing charge, and the ability to go short, can be changed at short notice.

Limited Risk

The premium for a Limited Risk transaction with a Guaranteed Stop is from just 0.3%, although this may vary due to market conditions and volatility (see Contract Details for more details). The premium is only charged on the opening trade.