Open a CFD account and get access to local and international markets
Follow this straightforward process to fund your domestic and international accounts separately.
How to fund your trading accounts
Domestic account
You can fund your account in two ways, with your credit/debit card or via electronic transfer.
For instructions on how to deposit funds, please log in to My IG and click 'add funds' next to the account you'd like to deposit into. Please note, you'll need to add details of the card or bank account that you're using if this is the first time that you have funded.
Card payments
Debit card
Execution time: Instant deposit, via My IG.
Cost: Free for Visa and MasterCard.
Credit card
Execution time: Instant deposit, via My IG
Cost: 2.1% transaction fee charge for Visa and MasterCard.
Electronic funds transfers
When depositing funds via a bank transfer, please quote your IG account number or IG username as a reference to ensure that we can process your request quickly.
You can find our banking details in My IG under 'How to pay us'.
Please take note of the following when transferring funds:
- We do not accept cash, third party or cheque deposits
- Should you wish to change your bank details, please provide proof of the new banking details in a form of a bank statement that clearly shows your full name and account number.
A bank statement showing your initial deposit and bank account details will be required for all first-time withdrawals
Deposits may only be made once your account has been opened. IG cannot accept funds from a prospective client prior to the completion of the client identification and verification requirements in terms of section 21 of the FIC Act and the applicable Regulations.
Margin call payments
When on margin call, you need to fund your account as described above. We encourage you to notify us of the payment by using the 'Send Proof of Payment' facility in My IG. This can be found under the 'Live Accounts' tab and 'payments'.
Should you have any queries, you please contact our client services team on 010 344 0053.
International account
How to fund your international account
Fund your offshore account with a credit or debit card.
Successfully authorised payments by credit or debit card will reflect in your offshore trading account immediately. R1 million single discretionary allowance may be used for foreign investment without having to obtain tax clearance.*
Fund your account in two quick steps:
- Log into your account, click on MyIG and go to the ‘live accounts’ tab on MyIG. Click on 'Bank details' and add your card details.
- Click on ‘Deposit funds’, enter your card details and add the amount you want to pay then hit ‘Deposit’. The rand value paid into your offshore account can be converted into the base currency of your choice.
There are no costs when depositing via card into your offshore trading account.
*South African residents have a single discretionary allowance (SDA) within an overall limit of R1 million per individual per calendar year without the requirement to obtain a Tax Clearance Certificate. You may need to obtain a Tax Clearance Certificate for payments above this amount.
Or
Make a deposit into one of the following bank accounts
Bank: Lloyds TSB Bank Plc 39 Threadneedle street London E2R 8AU Account name: IG Markets Limited Client Account Sort code: 30-00-09 BIC/Swift: LOYDGB21013
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Payments in sterling/GBP Account number: 02360254 |
Payments in US dollars Account number: 11368109 |
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Payments in Euros Account number: 86072139 |
Send us proof of deposit
Please email us your proof of deposit, or use the 'proof of payment' facility in My IG on the 'Live accounts'tab to ensure that we process your deposit as quickly as possible.
Why two accounts?
We open two separate trading accounts for you when you apply, a domestic account held with IG South Africa and an international account held with IG UK. This means that you can trade local instruments (in local currency) as well as over 17,000 international markets (in a range of foreign currencies) with the security, technology and support of the FTSE-250 listed, IG Group.
We do this in order to adhere to South African exchange control regulations that only allow local instruments to be traded on a domestic account.
If you would like more information regarding your accounts, please contact us on +27 (0)10 344 0053 or email helpdesk.za@ig.com.
South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance.
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Trade seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Trade seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
* We cannot accept cash payments, commercial credit cards, or business credit cards. Credit cards and debit card payments can only be used for personal and joint accounts.
Help and support
Get answers about your account or our services.
Call 010 500 8626
Or ask about opening an account on 010 500 8624 or newaccounts.za@ig.com.
We're here 24hrs a day from 9am Saturday to 11pm Friday.
Contact us
Interested in opening an account?
Contact 010 500 8624 or
Want to check on your application's progress? Email
Clients: Help and support
