Please note that we would usually return money via the same method we received it from.
We may let you withdraw your funds through an alternative method at our absolute discretion, and may ask you to verify your source of funds beforehand.
Withdrawal information
Withdrawal times
- Card: typically between 2 to 5 working days
- PayPal: usually immediate and within 1 working day
- Bank transfer: should reach you on the same day, if requested before 12pm (UK time) on a working day – but can take up to 3 days
Minimum withdrawals
- Minimum of £100 per day to your card, PayPal or bank account
- If your account balance is less than £100, you can withdraw any available amount
Maximum withdrawals
- Card: up to £20,000 per day
- PayPal: up to £5,500 per transaction, with as many transactions as you like
- Bank transfer: no limit
Are there any withdrawal fees?
We won’t charge you any processing fees for withdrawals.
Should your bank impose a fee upon receiving the funds, we will be unable to refund or avoid this charge.
How to withdraw
Withdrawals on the desktop
To withdraw your funds, please log in to My IG, go to the ‘live accounts’ tab, and select ‘withdraw funds’.
Withdrawals on iPhone
Open the app, click on ‘account’ at the bottom right of the app and select the account you wish to withdraw from, then click the ‘withdraw’ button.
Withdrawals on Android
Open the app, click on ‘account’ at the bottom right of the app and select the account you wish to withdraw from, then click the ‘withdraw’ button.
Our standard FX conversion fee is 0.8% which is added to the best available exchange rate provided from several banks. To add our FX conversion fee, we multiply the underlying exchange rate by 1.008 before converting currencies.
For example, if the GBP/USD exchange rate is 1.4, the FX conversion rate applicable would be 1.4 x 1.008 = 1.411..
A currency conversion is usually required if the currency of the funds held in your IG trading account differs to the currency denomination of your receiving card, bank account or PayPal.
Example
Say you request to withdraw $1,000 from your spread bet account that has a base currency of USD to a sterling bank account. Assuming a GBP/USD exchange rate of 1.3911.400 excluding our FX conversion fee*.
To add our FX conversion fee, we would multiply the exchange rate by 1.008 resulting in a conversion rate of 1.3981.
After conversion, your bank account would be credited with $1,000 / 1.3981 = £715.26
To work out the FX conversion fee in sterling:
£715.26 x 0.8% = £5,72
*All the examples are for illustrative purposes only. Please check the costs and charges before trading. Figures may not add up to a given total due to rounding.
If you do not wish for your funds to be converted when withdrawing, kindly send an email to helpdesk.uk@ig.com from your registered email address including the following:
- Full details of your withdrawal request
- The 5 digit trading account number from which you wish to withdraw from
- Your full name and date of birth
- Your registered postal address
- Your phone number
- The balance on your IG account
- The market you last traded
- The last four digits of your registered card(s)
Other
Minimum and maximum withdrawals in other currencies
| Minimum withdrawal | Maximum withdrawal | Maximum withdrawal | |
| PayPal and card | PayPal | Card | |
| Per transaction | Per day (resets at midnight) | ||
| GBP | 100 | 5500 | 20000 |
| EUR | 150 | 7000 | 25000 |
| AUD | 200 | 7500 | 35000 |
| CAD | 200 | 7500 | 35000 |
| CHF | 150 | 7500 | 25000 |
| USD | 150 | 7500 | 49999 |
| NZD | 200 | n/a | 35000 |
| SGD | 200 | 9000 | 35000 |
| PLN | 600 | n/a | n/a |
| DKK | 1000 | 45000 | 180000 |
| NOK | 1250 | 45000 | 180000 |
| SEK | 1250 | 45000 | 200000 |
| HKD | 1250 | 50000 | 300000 |
| ZAR | 2000 | 50000 | 200000 |
| JPY | 20000 | 50000 | n/a |
Withdrawals from share dealing accounts
When selling equities on a share dealing or ISA account, there’s a 2 to 3 day settlement period before your funds will become available to withdraw. You can find more information on this here.
Related questions
Improve your skills
Become a better trader with IG Academy. Take engaging step-by-step courses, attend expert-led seminars and webinars.
Get peer support
Have your questions answered by like-minded traders and IG staff over at IG Community.
© 2003-2024