IG withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does IG fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from IG and how IG's withdrawal fees and options compare to some of its close competitors.

IG withdrawal fees and options snapshot
IG eToro XTB
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes No
Electronic wallets Yes Yes No
Withdrawal fee Free for credit and debit cards; £15 for international bank transfers $5 withdrawal fee A withdrawal fee is applied only if you transfer an amount below a certain threshold; transfers larger than this are free

How to withdraw money from IG
IG withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and IG is no exception.

In addition to bank transfer, IG also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for IG.

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At IG, you can withdraw money to the following electronic wallets: PayPal.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at IG and it took us 2 business days, which is considered fairly average.

To withdraw money from IG, you need to go through the following steps:

  • Log in to your account
  • Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

Whatever method you use, you may only withdraw money to accounts or cards that are in your name.

How to withdraw money from IG
IG withdrawal fees

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

We have good news for you: basic withdrawal at IG is free of charge. See the table below for details and possible exceptions, as well as how IG compares with some of its immediate competitors.

IG withdrawal fees
IG eToro XTB
Domestic bank withdrawal Free withdrawal $5 withdrawal fee Free for withdrawals above $100
International bank withdrawal Free withdrawal $5 withdrawal fee Free for withdrawals above $100
Credit/Debit card withdrawal Free for debit card, 0.5-1.0% for credit cards $5 withdrawal fee Free for withdrawals above $100
Electronic wallets withdrawal Not available PayPal withdrawal costs $5 Free for withdrawals above $100

How to withdraw money from IG
Bottom line

IG withdrawal is free of charge in most cases and you have multiple options for withdrawing your money, making it relatively easy to access your funds.

To see how IG's withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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