FAQs
Our FAQs are divided into four main areas. If you can't find an answer here, please call us on 0800 195 6300 and we'll be pleased to help.
Types of fees
How do you charge commission?
IG Markets either quotes a commission charge (for equity products) or a spread charge (difference between a buy and sell price).
Our standard commission rate for UK share CFDs is a competitive 0.1% with a minimum charge of just £10 online. For more information, see our competitive rates.
What rates are charged for holding a position overnight?
When positions are held overnight, IG Markets will charge a funding fee for the value of the position, or if a position is held in a fixed expiry future contract this funding charge is built into the price of the product.
Long Positions: The cost of borrowing is based on the London Interbank Offered Rate (LIBOR, a rate charged on overnight loans between financial intermediaries). So, for a long position, you will pay 2.5% above LIBOR.
Let’s say LIBOR is currently 3.25%, you would therefore pay 5.75%. This is an annual rate, but the financing is calculated on a daily basis. For each day that you hold the position, you therefore accrue a financing cost that is calculated and debited from your account of a daily basis.
Short Positions: Funding short positions works in the opposite manner for long positions. In most cases, rather than pay interest, you receive interest for being short.
In the same way that rates on loans are generally higher than savings rates, the amount you receive for being short is not as much as the amount you pay for being long.
Are there any hidden charges?
At IG Markets, we have no hidden charges. There are no administration charges such as margin call fees, tax statement fees, audit fees for disputes or platform fees.
You will also not be charged for withdrawing funds, phone dealing or incur any monthly account keeping fees.
What fees will IG Markets pass on to the client?
- 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®
- Charting fees will be charged if a client opts to receive access to our pro-level charting package. However, charting fees will be waived if at least four trades are transacted in a given month
How much does DMA trading cost?
You can access Direct Market Access (DMA) for free via our PureDMA platform.
What is the cost of data feeds?
The share prices on PureDeal are actual exchange prices. When you open your account, we automatically grant you free access to delayed shares data, allowing you to view data from several exchanges from around the world without incurring any exchange fees.
For Live Prices: You will need to subscribe to live prices via the 'Data Feeds' section of the 'My Account' area in PureDeal trading platform. This does incur a fee from any exchange to which you subscribe. Exchange fees are waived on FTSE® data feeds if at least one trade is transacted in a given month on FTSE® shares.
For Real-time Charts: You will need to activate Real-time charts in your Account Preferences within PureDeal. This does incur a fee of £30 per month to which you subscribe. This fee will be waived if at least four trades are transacted in a given month.
What is the cost of Guaranteed Stops?
There is a one-off extra charge, in effect an insurance premium, for this Limited Risk protection. In most cases this is just 0.3% of the underlying transaction value. Limited Risk protection is not available on all shares and the size of the position on which we may be able to offer this facility may be limited. We will be happy to advise you of the facilities available for any particular share.
