CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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Help and support / Pricing and settlement

What is derived pricing?

IG is always looking for ways in which we can improve our clients’ experience. In order to improve our free price offering and to reflect the most up to date prices for all US, UK, European and Australian shares, rather than providing free delayed pricing, IG has introduced live 'derived pricing,' at no cost to clients. Clients who subscribe to paid non-derived live prices will be unaffected.

Derived prices change in real time. They are created by IG by adjusting the real-time prices feeds from the exchange in a way that makes the price non-reverse-engineerable (as required by the exchange).¹ Derived prices may come from one or more exchanges.

It’s important to note this doesn’t affect the execution of your orders. Execution is always against the underlying exchange price, the change is only to the price displayed on your platform so you may even get a better price than the price you click on. This includes stops and limits that are only ever triggered by non-derived prices.

Why are you introducing derived pricing?

We’ve brought this in to simplify and improve the pricing that’s available to you for free. Now rather than seeing delayed prices, you can:

View watchlist updates live
See live pricing without needing to fill in forms
Enjoy live data on charts

How does this affect my positions?

The displayed P&L of all your open positions will be against derived prices. However, because we base execution on the more beneficial exchange price, your realised profit and loss may be marginally better than what you see displayed on the platform. Margin and P&L for the purpose of margin calls will still be calculated basis non-derived live prices, as they are now.

Can I still access raw exchange data?

You can still choose to see an underived, real-time raw data feed on our CFD Trading platforms if you wish to pay data redistribution fees.

Visit 'Data Feeds' in the My Account section of the platform for more information.

¹ For example, our ASX equity derived prices are created using ASX Real-Time Information.

Related questions

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

IG is a trading name of IG Markets Limited and IG Markets South Africa Limited. IG Markets South Africa Limited offers domestic accounts and IG Markets Limited offers international accounts.

IG Markets South Africa Limited is authorised and regulated by the Financial Sector Conduct Authority (in South Africa) as an over-the-counter derivative provider and an authorised financial services provider (FSP No 41393). IG Markets Limited is authorised and regulated by the Financial Conduct Authority (in the UK).

IG provides execution only services and enters into principal-to-principal transactions with its clients on IG’s prices. Such trades are not on exchange. Whilst IG Markets South Africa Limited is a regulated FSP and acts as an intermediary as understood in the FAIS Act in relation to the international accounts offered by IG Markets Limited, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis. CFDs issued by IG Markets South Africa Limited are regulated by the Financial Markets Act, and IG Markets South Africa Limited is a licenced over-the-counter derivative provider.

South African residents are required to obtain the necessary tax clearance certificates in order to utilise their foreign investment allowance should the South African resident wish to open an international account with IG Markets Limited.

The information on this site is not directed at residents of the United States or Belgium or any particular country outside South Africa and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Voted SA’s top CFD provider in Business Day Investors Monthly Annual Stockbroker Awards in 2012, best platform for Active Day Traders in 2013 and 2014, SA's best Online Broker in 2015 and 2017 and SA's best CFD provider in 2020 as well as SA's Top CFD Broker in 2021.