Costs and charges

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.

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.

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.

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.

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.

For CFDs, the spread is the difference between our sell and buy prices. We derive these prices based on the underlying market's value.