What are IG's share dealing and ISA charges and fees?
When investing shares, ETFs or Investment Trusts using your share dealing or ISA account, applicable charges and fees may differ depending on your investment choices and currencies required. Each charge or fee is explained below:
Online trading commission
| Normal online commission charge (per trade) | Online commission charge if you trade more than three or more times in the previous calendar month (per trade) | ||
| UK shares | £8 | £3 | |
| US shares | Instant FX conversion | £10 | £0 |
| Manual FX conversion | 2 cents per share, with a minimum charge of $15 | ||
| EU shares | 0.1% of the consideration, with a minimum charge of €10 | ||
| AU shares | 0.1% of the consideration, with a minimum charge of A$10 | ||
Note: The above commission charges are valid up to a £25,000 trade consideration. Please contact us if you wish to consistently trade larger sizes.
Example of how to qualify for reduced commissions on US and UK shares
Say you open a share dealing account in January, placing three trades by buying ten shares of Tesla Motors Inc (US share), Apple Inc (US share), and Rolls-Royce Holdings PLC (UK share) respectively.
Commission paid in January: £10 + £10 + £8 = £28
In the following month (February) you will qualify for zero commission on US shares, and £3 on UK shares.
If you were to place the same three trades or sell your three positions in February, you would only have to pay £3 for the Rolls-Royce PLC trade as it is a UK share and others are US shares.
Phone dealing commission
In the event you need to place a trade telephonically – like when a share is not available for online trading – the below commission charges would apply:
| Phone dealing commission (per trade) | |
| US shares | $10 |
| UK shares | £10 |
| EU shares | € 10 |
| AU shares | A$10 |
FX conversion fees (when trading)
Our standard FX conversion fee is 0.5% 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 1.005 before converting.
For example, if the GBP/USD exchange rate is 1.4, the FX conversion rate applicable would be 1.4 x 1.005 = 1.407.*
You can find more information on FX conversion fees for share dealing and ISA accounts here.
*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.
Government taxes and levies
Depending on the country where the share is listed, government taxes and levies may apply as summarised in the table below:
| Description of tax or levy | Charge value | Direction of trade | Minimim trade size threshold | Transaction history name |
| UK stamp duty reserve tax* | 0.5 | Buy | N/A | SDRT |
| UK PTM levy | £1.00 | Both | £10,000 | PTM levy |
| Ireland stamp duty | 1% | Buy | N/A | Irish tax |
| Ireland ITP levy | 1.25 | Both | 12,500 | ITP levy |
| US on-exchange fee | 0.00051% | Sell | N/A | Section 31 fee |
The above table is not exhaustive – other taxes or levies may apply depending on the particular market.
*If a stock is domiciled outside of the UK or is AIM listed (and not listed on another recognised stock exchange), then Stamp Duty Reserve Tax (SDRT) would not apply.
*Non-CREST-eligible and CREST-eligible residual stocks are subject to a minimum stamp duty charge of £5.00, rounded up to the nearest £5.00.
Custody fee per calendar quarter
Our custody fee is a flat fee of £24 and is reduced by any trading commissions you pay during the quarter.
To be exempt from the fee you’ll need to place over three trades during the quarter, or have £15,000 invested in one of our IG Smart Portfolio managed funds.
It is important to note, if a custody fee is due and you also have an ISA, we’ll debit the fee from your share dealing account by default. If sufficient funds aren’t available in the share dealing account, we’ll deduct the custody fee from your ISA account. Should there be insufficient funds in both accounts, the share dealing account will be taken overdrawn.
Deposits and withdrawals (including FX conversion fees)
IG does not charge for deposits or withdrawals provided no currency conversion is required.
If a currency conversion is required, our standard FX conversion fee is 0.5%. For more information on currency conversions, click here.
Please be aware your bank may charge you upon transactions, especially if an international transfer is required. It’s advised to check with your provider before making any deposits or withdrawals.
Share Transfers to IG, out of IG or between accounts
We do not charge for electronic broker-to-broker transfers to IG or out of IG, including transfers between ISAs.
If you wish to transfer physical share certificates or shares held with a registrar to IG, a charge of £100 + VAT per certificate would apply.
If you wish to transfer shares from your IG share dealing account to your ISA, we offer a paid-for service called ‘bed and ISA’.
Click here for more information on share transfers.
Proxy voting, annual general meetings (AGM) and additional services
We do not charge for proxy voting, which can easily be arranged as per the steps found here.
However, a fee of £100 + VAT would be charged for arranging AGM attendance and other additional services including, but not restricted to:
- Repairing or voiding an ISA
- Recertification of shares
- Obtaining hard copies of company reports
We may charge you a fee if we are required to perform a service on your behalf not listed in our product details.
