Costs and charges
See your opportunity, trade it for less. Get spreads from 1.2 point on the Germany 40 and FTSE 100 on 1-point spread, and US Crude spreads from just 2.8 points.
Find out more about what you’ll pay for your trading, and why, here.
Call +41 (0) 58 810 77 42 to talk about opening a trading account. We’re here from Monday to Friday from 9am to 6pm.
Contact us: +41 (0) 58 810 77 42
Call +41 (0) 58 810 77 42 to talk about opening a trading account. We’re here from Monday to Friday from 9am to 6pm.
Contact us: +41 (0) 58 810 77 42
Start with lower minimums
Enjoy reduced minimums for two weeks
when you begin trading with IG Bank.
| Week | Minimum trade size |
|---|---|
| 1-2 | 50% of normal |
| 3-4 | Normal |
| 5-6 | Normal |
How much does it cost to trade with IG Bank?
- Account charge
- Spread
- Non-essential charges
Opening an account with us is completely free and you don't have to add funds until you're ready to place a trade.
CHF0
Trade with spreads from 0.6 points on key FX pairs, 0.8 points on major indices, and 0.1 points on commodities.
From 0.1
There may be other potential charges and factors, that could influence how much your trading costs.
Only when applicable
A breakdown of our trading costs
When you trade on leverage, there’s one direct charge that you’ll need to consider – the spread, or a commission in the case of share CFDs. You’ll also want to keep your eye on some other potential charges and factors which could influence how much your trading costs.
- Direct costs
- Other potential charges
- Other factors that are relevant to the cost of your trading
- The spread or commission
- Overnight funding
- Guaranteed stop premiums
- Borrow fee
- Extra services
- Margin
- Slippage
The spread or commission
The spread is the difference between the bid and ask prices, and varies depending on market conditions. In most cases we charge our own spread on top of the market spread, as our fee for the trade. Spread charges apply to CFD trades for all markets except shares.
For every shares CFD trade, you’ll pay a commission instead of a spread.
Read more about IG Bank's spreads and commissionOvernight funding
Overnight funding is the charge you pay for keeping cash CFD positions open past 11pm Swiss time; we’ll make an interest adjustment to your account to reflect the cost of funding your position.
You don’t need to pay overnight funding for futures or forwards, because we build that cost into the spread.
Guaranteed stop premiums
You’ll pay a small fee if your guaranteed stop triggered, called the premium. For CFD positions on shares, for example, this is 0.3% of the underlying transaction value.
Read more about IG Bank's premiums for guaranteed stopsBorrow fee
Short a stock using a CFD, and you’ll pay an annualised borrow fee (market borrow rate + 0.5% administration charge).
Extra services
You can choose to pay for extra services to support your trading, like direct market access, advanced charting packages, live data streams and more.
Learn more about extra servicesMargin
CFDs are leveraged, so when you open a trade you only need to pay a portion of its full value up front. This deposit is called the margin, and the percentage you pay can make a big difference to the affordability of your trading.
Find out more about margin at IG BankSlippage
‘Slippage’ is the term for when your order is executed at a different price to the one you requested. Slippage on stops means you could lose more than expected, while slippage on limits means that you may profit more than expected.
Learn more about slippage at IG BankSpreads and commission
The spread or commission (in the case of share CFDs) is the one direct charge that you’ll need to consider when trading on leverage. You can find spreads and commissions for our most popular markets below. To see the full details for a market, follow the links.
- CFDs
- MT4
Cash CFDs
Keep your cash CFD position open past 11pm (Swiss time), and you’ll be charged overnight funding.*
If you want to keep positions open for more than one day, try a future or forward.
*Or 4.50pm (Sydney time) for AUD-denominated contracts.
Indices
| Market | Value of one contact | Best available spread | Margin per contract |
| Switzerland Blue Chip | CHF10 | 2 | 0.75% |
| FTSE 100 | £10 | 1 | 0.5% |
| Wall Street | $10 | 2.4 | 0.5% |
| Germany 40 | €25 | 1.2 | 0.5% |
Forex
| Market | Value per point | Minimum spread | Average spread1 | Average spread (00:00-21:00)2 |
| EUR/USD | $10 | 0.6 | 1.04 | 0.85 |
| AUD/USD | $10 | 0.6 | 1.03 | 0.82 |
| EUR/GBP | $10 | 0.9 | 1.89 | 1.40 |
| GBP/USD | $10 | 0.9 | 1.04 | 0.85 |
Commodities
| Market | Value of one contract | Minimum spread |
| Spot Gold | $100 | 0.3 |
| Spot Silver (5000oz) | $50 | 2 |
| Oil - Brent Crude | $10 | 2.8 |
| Oil - US Crude | $10 | 2.8 |
Shares
With share CFDs you deal at the real market price, so we don't attach our own spread. Instead, we take a small commission when you open the position, and again when you close it. In each instance, a minimum charge applies.
| Market | Commission per side from | Min charge (online) | Min charge (phone) |
| UK | 0.10% | £10 | £15 |
| US | 2 cents per share | $15 | $25 |
| Euro | 0.10% | €10 | €25 |
Cryptocurrencies
| Market | Minimum deal size | Minimum spread |
| Bitcoin | 0.2 | 36 |
| Bitcoin Cash | 0.2 | 2 |
| Ethereum | 0.5 | 1.2 |
Futures and forwards
To speculate over the longer term, you can trade CFDs on futures for indices and commodities. We build the overnight funding charges into the spread, so that everything is included. This makes it easier to identify your break-even level on your deal.
Taking a position on a future or forward is usually better for trading over the longer term. If you are looking to take a shorter-term position, try a cash CFD.
Indices
| Market | Value of one contract | Minimum spread |
| FTSE 100 | £10 | 4 |
| Wall Street | $10 | 6 |
| Germany 40 | €25 | 6 |
| Australia 200 | AUD25 | 3 |
Commodities
| Market | Value of one contract | Minimum spread |
| Spot Gold | $100 | 0.6 |
| Spot Silver (5000oz) | $50 | 2 |
| Oil - Brent Crude | $10 | 6 |
| Oil - US Crude | $10 | 6 |
Cash CFDs
Indices
| Market | Value of one contract | Minimum spread |
| FTSE 100 | £10 | 1 |
| Wall Street | $10 | 2.4 |
| Germany 40 | €25 | 1.2 |
| Australia 200 | AUD25 | 1 |
Forex
| Market | Value per point | Minimum spread | Average spread2 | Average spread (00:00-21:00)3 |
| EUR/USD | $10 | 0.6 | 1.04 | 0.85 |
| AUD/USD | $10 | 0.6 | 1.03 | 0.82 |
| EUR/GBP | £10 | 0.9 | 1.89 | 1.40 |
| GBP/USD | $10 | 0.9 | 1.83 | 1.40 |
Commodities
| Market | Value of one full point | Minimum spread |
| Gold | $100 | 0.3 |
| Silver | $5000 | 2 |
| Oil - Brent Crude | $10 | 2.8 |
| Oil - US Crude | $10 | 2.8 |
Cryptocurrencies
| Market | Value of one full point | Minimum spread |
| Bitcoin | $1 | 36 |
| Bitcoin Cash | $1 | 2 |
| Ether | $1 | 1.2 |
| Ripple | $1 | 0.36 |
Taking a position on a future or forward is usually better for trading over the longer term. If you are looking to take a shorter term position, try a cash CFD.
Overnight funding
Overnight funding is the charge you pay for keeping cash CFD trades open past 11pm Swiss time; we‘ll make an interest adjustment to your account, to reflect the cost of funding your position.
To avoid paying overnight funding, try a future or a forward contract.
How is overnight funding calculated?
- Forex
- Indices
- Commodities
- Shares
Formula for forex overnight funding charge = nights held x (tom next* rate including annual admin fee**) x trade size.
*We take our tom-next rate from the underlying market.
**Formula for annual admin fee = 1% for all contracts.
Formula for indices overnight funding charge = Nights held x (market closing price x trade size x (relevant interest rate benchmark +/- admin fee*)) / 365.
*Our admin fee is 3% for standard CFD contracts, and 3% for minis. If you’re long, you pay relevant interest rate benchmark. If you’re short, you receive it.
The Volatility Index and EU Volatility Index are priced in the same way as our undated commodities, and are charged overnight funding in the same way too. Check the commodities tab for details.
We price our Volatility Index (VIX) and EU Volatility Index contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. Please see our overnight funding page for more details.
Formula for commodities overnight funding adjustment = nights held x (trade size x (basis* +/- IG charge**)).
*Formula for the basis = (P3 – P2) / (T2 – T1), where:
P2 = price of front future
P3 = price of next future
T1 = expiry date of the previous front future
T2 = expiry date of the front future
(Read about how we price our undated commodity markets to find out how the basis will affect your position.)
**Formula for the IG charge = undated mid price x 3% / 365. The undated mid price is a snapshot of the mid price of the cash CFD on the relevant date. If you pay the basis on your trade, the IG charge figure is added; if you receive the basis, it’s subtracted.
Formula for shares overnight funding charge = nights held x (market closing price x trade size x (relevant interest rate benchmark* +/- 3%)) / 365.
*If you’re long, you pay the relevant interest rate benchmark. If you’re short, you receive it.
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 17 000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app1
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 17 000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app1
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
Guaranteed stop premiums
You can protect your position against slippage with a guaranteed stop, paying only a small premium if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.
See the price of guaranteed stops for some of our most popular market below.
- Forex
- Indices
- Commodities
- Shares
| Market | Guaranteed stop premium |
| EUR/CHF | N/A |
| EUR/USD | 1.2 |
| EUR/GBP | 2 |
| GBP/USD | 2 |
| Market | Guaranteed stop premium |
| Switzerland Blue Chip | 2 |
| FTSE 100 | 0.8 |
| Wall Street | 1.8 |
| Germany 40 | 1.5 |
| Market | Guaranteed stop premium |
| Spot Gold | 0.3 |
| Spot Silver | 2 |
| Oil - US Crude | 3 |
| Oil - Brent Crude | 3 |
| Market | Guaranteed stop premium (starts at) |
| Switzerland | 0.3% |
| US | 0.3% |
| Euro | 0.3% |
Choose the world's No.1 CFD provider3
Why open a trading account with anyone but the best CFD provider? With 45 years of experience, we're proud to offer a truly market-leading service.
Choose the world's No.1 CFD provider3
Why open a trading account with anyone but the best CFD provider? With 45 years of experience, we're proud to offer a truly market-leading service.
Extra services and charges
Whether you’re paying to give your trading an edge, or for us to carry out account admin, you can find out more here.
| Service | Charge |
| Direct Market Access (DMA) | You won’t pay for DMA to trade CFDs on forex and shares. However, you’ll need to pay a monthly exchange fee to access live DMA prices for some shares. |
| Live price data feeds | You’ll pay a monthly fee for live share prices from an exchange to trade share CFDs |
| ProRealTime Charts | You’ll pay CHF 45 a month to subscribe to advanced charts from popular third-party provider ProRealTime. You’ll get a refund if you place four or more trades a month. You may still have to pay if your qualifying trades are extremely low-value. |
| Inactivity fee | You’ll pay a CHF 18 fee on the first of every month if you’ve not used your account to deal for two years or more. |
| Account documentation fee | To trade US-incorporated stock, you need to supply a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade – and you’ll pay a $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or if you’ve not entered into qualifying trades. We’ll let you know if you’ve entered into a qualifying trade and need to complete a form. |
| Currency conversion charge | Trade CFDs in a currency other than your account’s base currency, and you may incur a currency conversion charge. Your account is set to ‘instant conversion’ by default, which means that your foreign-currency profit is converted to your base currency automatically – and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily, weekly and monthly conversion settings. |
| Service | Charge |
| Direct Market Access (DMA) | You won’t pay for DMA to trade CFDs on forex and shares. However, you’ll need to pay a monthly exchange fee to access live DMA prices for some shares. |
| Live price data feeds | You’ll pay a monthly fee for live share prices from an exchange to trade share CFDs |
| ProRealTime Charts | You’ll pay CHF 45 a month to subscribe to advanced charts from popular third-party provider ProRealTime. You’ll get a refund if you place four or more trades a month. You may still have to pay if your qualifying trades are extremely low-value. |
| Inactivity fee | You’ll pay a CHF 18 fee on the first of every month if you’ve not used your account to deal for two years or more. |
| Account documentation fee | To trade US-incorporated stock, you need to supply a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade – and you’ll pay a $50 fee if you don’t. You won’t pay the fee if your documentation is up to date, or if you’ve not entered into qualifying trades. We’ll let you know if you’ve entered into a qualifying trade and need to complete a form. |
| Currency conversion charge | Trade CFDs in a currency other than your account’s base currency, and you may incur a currency conversion charge. Your account is set to ‘instant conversion’ by default, which means that your foreign-currency profit is converted to your base currency automatically – and your funding, commission and dividend charges are taken into account before your account is credited. You can also set your account to daily, weekly and monthly conversion settings. |
Third-party charges
You may need to pay charges passed on from third parties:
- Fees for credit card payments
FAQs
What are your dealing hours?
Our offices are normally open 24 hours a day between Mondays and Fridays, and on Saturdays and Sundays, from 10am to 6pm (Swiss time).
Dealing hours vary between markets, but standard UK market hours are 09.00-17.30 (Swiss time).
How does overnight funding work?
When you trade CFDs with us, you trade on margin. This means you only pay a deposit to open a position, and we in effect lend you the rest of the money required. If you close your position on the same day, you won’t pay a funding fee. If you keep it open overnight, you’ll pay small fee to cover the cost of the money you’ve effectively borrowed.
For share and index trades, our funding fee is comprised of our admin fee, plus or minus the interest rate benchmark for the currency in which your trade’s underlying market is denominated (depending on whether your position is long or short).
For forex trades, the funding fee is the tom-next rate plus a small admin fee.
For spot commodity trades, and trades on the Volatility Index and EU Volatility Index, we make an adjustment based on a range of factors like the price of the two nearest futures, and our fee. Take a look at how we price our undated commodities to find out more.
For futures markets there’s no overnight funding fee, because the cost of funding is built into the spread.
Are charges fixed or do they vary?
Spreads
Share CFDs directly reflect the underlying market price, and so you’ll pay a commission on these trades.
Trade CFDs, and you’ll find our tightest spreads on our standard contracts, with wider spreads on some mini and micro contracts.
Our forex spreads vary depending on underlying market liquidity. The more liquid the market, the narrower our spread – as low as 0.8 points. As the underlying market spread widens, so does ours – but only to our maximum cap.
Our stock index spreads vary by the time of day. During the underlying market hours we offer our standard and tightest spreads eg 1 point on the FTSE 100. When we offer an out-of-hours market, so you can benefit from 24-hour dealing, we offer a wider spread.
Commission
Our commission varies depending on the host country for your stock, and the account you are using.
CFDs
You'll pay between 0.1% and 0.35% commission on all UK share trades (0.1% on large caps, 0.25% on midcaps and 0.35% on small caps). See our product details for all our share CFD commissions.
Overnight funding
For share and index trades we calculate our overnight funding fee using the relevant interbank rate, and our fee for forex trades using the tom-next rate. These rates change daily, varying the funding fee each day.
For commodities and the volatility indices, we use the price of the two nearest futures as part of our overnight funding calculation. Since these will vary, the charge can too. You can find out more in the overnight funding section above.
Mini and micro CFD contracts are subject to a higher funding rate.
When should I use a forward contract?
You won’t pay an overnight funding fee for forward trades, as the funding cost is built into a wider spread. So you may find them more cost effective and transparent for long-term trades, because you know your real cost from the outset.
For fixed-expiry deals on stock indices and commodities we offer futures for CFDs.
Non-share markets |
Spread |
|---|---|
| FTSE 100 | 4 |
| Wall Street | 6 |
| EUR/USD | 10 |
| GBP/USD | 9 |
| Spot gold | 0.6 |
| Spot silver | 3 |
Is there a currency conversion charge?
If you trade CFDs in a currency other than your account’s base currency, you may need to pay a currency conversion charge. Your account is set to ‘instant conversion’ by default. This means that foreign-currency profit is converted to your base currency automatically, and funding, commission and dividend charges are taken into account before your account is credited. You can choose to have your account convert daily, weekly or monthly. Our standard conversion charge is 0.8.
Do you offer guaranteed stops?
Yes, we offer guaranteed stops so that you can put an absolute cap on your risk. You’ll pay a small fee if it's triggered. For shares, for example, this is 0.3% of the underlying transaction value.
What are interbanks, ARR’s and tom-next rates?
The interbank rate is the interest rate charged between banks for short-term loans. It is a key indicator for other interest rate charges, which is why we use it as a basis for some currencies to calculate our overnight funding fees for your share and stock index trades.
On other currencies we use ARR’s to calculate the funding fee on your shares and stock index trades. ARRs are based on actual overnight interest rates in liquid wholesale cash and derivative markets – making them more robust and less volatile than IBORs.
Tom-next is the rate used to calculate the funding adjustment when a forex position is held overnight. It is an industry-standard rate, derived from the interest rate differentials of the pair’s currencies and market expectations of interest rate change.
Which costs more: CFD trading or spread betting?
The actual costs of trading with us via a spread bet or a CFD are virtually identical, even if the way we charge to trade a market differs. For example, the cost of a 0.10% commission on a share CFD trade works out similarly to a 0.10% spread on a share spread bet.
There is no fee to use our platform for either CFDs or spread betting, but there is a charge for some live data feeds. This also applies to our DMA-specific platforms which require live data feeds. The fee is refunded to active traders.
What is the spread?
The spread is the difference between our sell and buy prices. We derive these prices based on the underlying market's value.
Are there any account fees?
Only if you haven’t placed any deals on CFD account for two years or more, and there is still a balance on your account. You’ll be charged a CHF 18 fee on the first day of every month if this is the case.
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1Average spread (Monday 01:00 - Friday 22:00 GMT) for the 12 weeks ending 08th January 2021.
2Average spread (between 01:00-23:00 GMT Monday to Friday) for the 12 weeks ending 08th January 2021.
3Based on revenue (published financial statements, 2022).
