Costs and charges
See your opportunity, trade it for less. Get spreads from 1 point on CFDs on FTSE100, and CFDs on US Crude spreads from just 2.8 points.
Find out more about what you’ll pay for your trading, and why, here.
Start trading today. Call +65 6390 5133 between 9am and 6pm (SGT) on weekdays or email accountopening@ig.com.sg for account opening enquiries.
Contact us: +65 6390 5133
Start trading today. Call +65 6390 5133 between 9am and 6pm (SGT) on weekdays or email accountopening@ig.com.sg for account opening enquiries.
Contact us: +65 6390 5133
How much does it cost to trade CFDs with IG?
- 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.
SGD 0
Trade with spreads from 0.6 points for CFDs on key FX pairs, from 1 point for CFDs on major indices, and 0.3 points for CFDs on commodities.
From 0.3
There may be other potential charges and factors which could influence how much your trading costs.
Only when applicable
A breakdown of our CFD trading costs
When you trade on leverage, you’ll need to consider the direct costs – the spread, or a commission in the case of share CFDs. You’ll also want to consider to keep your eye on some and other potential charges and factors which could influence how much your trading may cost.
- 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
- Extra services
- Margin
- Slippage
- Volume based rebates
The spread or commission
The spread is the difference between the bid and ask prices, and can vary depending on the 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 share CFDs.
For every share CFD trade, you’ll pay a commission instead of a spread.
More about spreads and commissionOvernight funding
Overnight funding is the charge you pay for keeping cash CFD positions open past the daily cut off time; we’ll make an interest adjustment to your account to reflect the cost of funding your position, plus a small admin fee.
You do not need to pay overnight funding for futures, because we build that cost into the spread.
More about overnight fundingGuaranteed 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.
More about premiums for guaranteed stopsExtra services
You can choose to pay for some extra services that you may choose to use to support your trading, like direct market access, advanced charting packages, live data streams and more.
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 IGSlippage
‘Slippage’ is the term for when your order is executed at a price different to the one you requested. Slippage on stops will result in a loss, while slippage on limits means that you may profit more than expected.
Learn more about slippage at IGVolume based rebates
You could be eligible for monthly cash rebates based on your forex trading volume.
Learn more about volume based rebates for trading forex CFDA breakdown of our trading costs
When you trade on leverage, there is only 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 consider some other potential charges and factors which may influence the cost of your trading.
- 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
- Extra services
- Margin
- Slippage
- Volume based rebates
The spread or commission
The spread is the difference between the bid and ask prices, and can vary 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's spreads and commissionOvernight funding
Overnight funding is the charge you pay for keeping cash CFD positions open past the daily cut off time; we’ll make an interest adjustment to your account to reflect the cost of funding your position, plus a small admin fee.
For futures, you do not need to pay overnight funding, because we build that cost into the spread.
Read more about IG's overnight fundingGuaranteed stop premiums
When you have a guaranteed stop attached to your position, we apply a small fee if it's triggered, called the premium. For shares, for example, this is from 0.3% of the underlying transaction value.
Read more about IG's premiums for guaranteed stopsExtra services
We charge for some extra services that you may choose to use to support your trading, such as 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 IGSlippage
‘Slippage’ is the term for when your order is executed at a price different to the one you requested. Slippage on stops will result in a loss, while slippage on limits means that you may profit more than expected.
Learn more about slippage at IGVolume based rebates
You could be eligible for monthly cash rebates based on your forex CFD trading volume.
Learn more about volume based rebates for trading forex CFD- CFDs
- MT4
Our spreads and commission
The spread or commission (in the case of share CFDs) is a 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.
Cash CFDs
Please note that for cash CFDs, if your position is kept open past 10pm (UK time), you will be charged overnight funding.*
*Or 4.50pm (Sydney time) for AUD-denominated contracts.
Indices
| Market | Value of one contract | Minimum spread |
| Singapore Blue Chip | SGD100 | 0.1 |
| FTSE 100 | £10 | 1 |
| Wall Street | $10 | 2.4 |
| Australia 200 | AUD25 | 1 |
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 | 1.83 | 1.40 |
1Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
2Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.
Commodities
| Market | Value of one contract | Minimum spread |
| Spot Gold | $100 | 0.3 |
| Spot Silver (5000oz) | $50 | 2.0 |
| 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) |
| Singapore | 0.10% | $10* | $15* |
| UK (FTSE 350) | 0.10% | £10 | £15 |
| UK (non-FTSE 350) | 0.35% | £10 | £15 |
| US | 2 cents per share | $10 | $25 |
| Euro1 | 0.10% | €10 | €35 |
| Hong Kong | 0.25% | HKD50 | HKD50 |
1 Euro includes: Austria, Belgium, Finland, France, Germany, Italy, Netherlands, Portugal, Spain.
* Nine Singapore shares are denominated in US dollars and have a minimum charge of US$15. These are:
- Chemoil Energy Ltd
- Dairyfarm International
- Genting Hong Kong
- Hong Kong Land Holdings
- Hutchison Port Trust Holdings
- Jardine Matheson Holdings Ltd
- Jardine Strategic Holdings Ltd
- Mandarin Oriental International Ltd
- Pacific Shipping Trust.
Cryptocurrencies
| Market | Minimum deal size | Minimum spread |
| Bitcoin | 0.2 | 36 |
| Bitcoin Cash | 0.2 | 2 |
| Ethereum | 0.5 | 1 |
Futures
You can also trade CFDs on futures for indices and commodities. Futures contract are not subject to overnight funding charges, as this cost is built into the spread. This makes it easier to identify your break-even level on your deal.
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 |
| 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 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 | 1.83 | 1.40 |
1Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
2Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.
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 |
Overnight funding
Overnight funding is the fee you pay for keeping cash CFD trades open past 10pm UK time typically, although this may vary for local and international markets.* In this event we'll make an interest adjustment to your account, to reflect the cost of funding your position.
To avoid paying overnight funding you might wish to try a future or a forward contract.
*8pm (New York Time) Monday - Thursday and 10pm (UK time) on Friday
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 = EITHER cash mid price x 0.8% for CFD mini contracts, OR cash mid price x 0.5% for CFD standard contracts.
Formula for indices overnight funding charge = Nights held x (market closing price x trade size x (admin fee* +/- adjusted ARR benchmark)) / 365.
*Our admin fee is 3% for standard CFD contracts, and 3.5% for minis. If you’re long, you pay ARR. 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.
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 (3%* +/- adjusted ARR benchmark)) / 360.
*If you’re long, you pay ARR. If you’re short, you receive it.
Note: The formula uses a 365-day divisor for UK, Singapore and South African shares and a 360-day divisor for shares in other markets.
Guaranteed stop premiums
You can protect your CFD 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 guaranteed stop premiums for some of our most popular CFD market below.
- Forex
- Indices
- Commodities
- Shares
| Market | Guaranteed stop premium |
| EUR/USD | 1.08 |
| AUD/USD | 3.6 |
| EUR/GBP | 2.7 |
| GBP/USD | 2.7 |
| Market | Guaranteed stop premium |
| FTSE 100 | 1 |
| Wall Street | 3 |
| Germany 40 | 1.5 |
| Australia 200 | 1.5 |
| Market | Guaranteed stop premium |
| Spot Gold | 0.54 |
| Spot Silver | 2.7 |
| Oil - US Crude | 6 |
| Oil - Brent Crude | 6 |
| Market | Guaranteed stop premium |
| Apple Inc | 0.3% |
| Lloyds Banking Groupl PLC | 0.3% |
| Deutsche Bank AG | 0.7% |
| Westpac Banking Corporation | 0.3% |
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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 SGD 60 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. |
| 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 USD50* fee if you don't. You won't pay the fee if your documentation is up to date, of 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 traded 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 you 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 conversion settings. Our standard charge is 0.5%. |
* All charges are GST inclusive where applicable.
| 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 SGD 60 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. |
| 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 USD50* fee if you don't. You won't pay the fee if your documentation is up to date, of 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 traded 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 you 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 conversion settings. Our standard charge is 0.5%. |
* All charges are GST inclusive where applicable.
Third-party charges
You may need to pay passed on from third parties:
- 2%* of the transaction amount, levied by the card processor. We recommend checking with the merchant bank/card issuer, who may levy further charges
* All charges are GST inclusive where applicable.
FAQs
What are your dealing hours?
Our storefront office is open from 9am - 6pm Monday to Friday.
You can call us on +65 6390 5118 between 9am and 6pm (SGT) on weekdays. Alternatively, email us at helpdesk@ig.com.sg.
Please note that we only offer limited phone dealing options between 10:00pm and 8:00am.
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 a small fee to cover the cost of the money you’ve effectively borrowed.
For CFDs on share and stock index trades, our funding fee is comprised of our admin fee plus or minus the relevant interbank rate for the currency in which your trade's underlying market is denominated (depending on whether your position is long or short).
For CFDs on forex and spot metals trades, it 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 CFDs on 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 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 0.6 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 e.g. from 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 share CFD commissions vary depending on the host country for your stock.
All Singapore shares are subject to a flat 0.10% commission with a minimum of SGD 10. All US stocks are subject to a commission of 2 cents per share with a minimum of USD 10. 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)
Please see our product details page for all our share CFD commissions.
Overnight funding
For CFDs on share and index trades, we calculate our overnight funding fee using the relevant interbank rate, and our fee for CFDs on forex trades is calculated 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 admin fee.
Do you offer guaranteed stops?
Yes, we offer guaranteed stops so that you can put an absolute cap on your risk. Guaranteed stops allow you to pass the risk of slippage to us and ensure that your trade is closed at the price that you specify. You'll pay a small premium if it's triggered.
For CFDs on EUR/USD, for example, this start at 1.08 points of the underlying transaction value.
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.
What are interbank 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 calculating our overnight funding fees for your CFDs on share and stock index trades.
Tom-next is the rate used to calculate the funding adjustment when a forex CFD 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.
What is the spread?
For CFDs, the spread is the difference between our sell and buy prices. We derive these prices based on the underlying market's value.
You might be interested in…
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