Here’s an overview of what it costs to trade each CFD market with IG Singapore.
The difference between buy (offer) and sell (bid) prices quoted for an asset.
The spread can vary depending on market conditions and liquidity.
The charge levied by an investment broker for making trades on your behalf.
Commission is normally built into the spread cost.
You'll be charged a daily interest fee if you hold a position overnight.
This may vary for local and international markets.
A fee applies when you have a guaranteed stop attached to your position.
The charge is refunded if the guaranteed stop isn't triggered.
Fee applies when trading in a different currency.
This applies when your account currency differs from the instrument currency.
Accessing live market data for specific instruments might require a subscription.
Real-time data provides current market prices and trading information.
Indices
Shares and ETFS
Forex
Commodities
Cryptocurrencies
Bonds
Interest rates
Options
Knock-outs
Direct market access (DMA): free for forex and shares CFDs, but a monthly exchange fee may apply for accessing live DMA prices for some shares.
ProRealTime charts: S$ 60 per month for advanced charting tools, refunded if you place four or more trades per month.
Account documentation fee: $ 50 for incomplete W-8 or W-9 forms when trading US stocks. Fee is waived if documentation is up to date or trades qualify.
GST: All charges are GST inclusive where applicable.
2% transaction fee: Levied by the card processor for some payments. We recommend checking with your bank or card issuer for further details.
Are there any account opening or maintenance fees?
No, opening an account with IG is free and there are no maintenance fees.
How are overnight financing charges calculated?
Overnight financing charges are determined by the interest rate differential between the two currencies in a forex pair or the cost of holding a position in other markets. These charges can be positive or negative and are applied at the end of each trading day.
Are there any fees for depositing or withdrawing funds?
IG does not charge fees for deposits or withdrawals. However, your bank or payment provider may impose their own fees.
What is the minimum deposit required to open an account?
IG does not specify a minimum deposit requirement for opening an account. However, certain trading activities or account types may have minimum funding requirements. It's advisable to check the specific requirements when setting up your account.
Are there any fees for using IG's trading platforms?
IG's trading platforms are free to use. However, certain advanced features or data feeds may incur additional charges. For instance, accessing live market data for specific instruments might require a subscription.
How can I view the fees I've been charged for CFDs?
You can view the fees charged for CFDs by logging into your IG account and navigating to the 'account' section. Here, you can access detailed statements and reports outlining all charges.
Are there any fees for currency conversion?
Yes, IG applies a currency conversion fee when depositing or withdrawing funds in a currency different from your account's base currency. The exact fee may vary.
What is tiered pricing, and how does it work?
In IG's tiered pricing structure, while trading larger volumes can reduce commission costs per trade in some cases, it can also lead to wider spreads at higher size thresholds.
Are there any fees for extra services like live data feeds?
Yes, accessing live data feeds for certain markets or instruments may incur additional charges. These fees vary depending on the specific data and market.
How much is CFD trading?
Whether you're a new CFD trader or experienced, here's what you'll typically pay: spreads from 1 point on major indices, commission built into spread (or separate for shares CFDs), overnight funding if positions held overnight, and currency conversion at 0.5% when trading different currencies. CFD traders should consider all potential costs when planning their trading strategy. Other costs may apply.
How much does IG Market charge for CFD trading?
IG Market Singapore charges competitive spreads starting from 1 point on major indices. CFD traders pay transparent costs based on market conditions. Other costs may apply.
What are the typical costs for CFD traders in Singapore?
CFD traders pay spreads (starting from 1 point), overnight funding if positions are held overnight, and optional guaranteed stop premiums. Other costs may apply depending on trading activity.
New clients
+65 6390 5133
accountopening@ig.com.sg
Existing clients
+65 6390 5118
helpdesk@ig.com.sg
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Monday - Friday
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