Overview of IG fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

As IG focuses on CFD and forex trading, the most important cost elements are spreads and financing rates, commissions less so.

Now, let's dive into the details and see what commissions, spreads, and financing rates IG charges.

IG commission and other fees
IG commission and other trading fees

IG has average trading fees in general. We ranked IG fee levels as low, average or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether IG commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of IG trading fees
IG eToro XTB
Forex High Low Low
CFD Average Low Average
Financing rate Average Low Low

Now let's go over the trading fees for each asset class one by one.

IG forex commissions and spreads

IG forex fees are high. IG forex commissions and spreads for individual currency pairs are charged as per the table below.

IG forex commissions and spreads
IG
EURUSD fee The fees are built into the spread, 0.6 pips is the average spread cost during peak trading hours.
GBPUSD fee The fees are built into the spread, 0.9 pips is the average spread cost during peak trading hours.

Check out how IG forex fees compare to its two closest competitors.

IG forex fees vs competitors
IG eToro XTB
EURUSD benchmark fee $14.7 $8.7 $8.5
GBPUSD benchmark fee $9.3 $7.5 $5.8
AUDUSD benchmark fee $9.6 $6.7 $5.8
EURCHF benchmark fee $9.3 $12.8 $9.1
EURGBP benchmark fee $15.1 $13.1 $8.2

Forex fees are calculated for a $20,000 trade using 30:1 leverage

IG options commissions

You can see below the description of IG options commissions. IG options fees are low.

IG options commissions
IG
US stock index options $0.1 per contract
US stock options Not available
UK stock index options £0.1 per contract
German stock index options €0.1 per contract

Compare options commissions charged by IG with those of eToro and XTB.

IG options commissions vs competitors
IG eToro XTB
US stock index options $10.0 - -
US stock options - - -
UK stock index options $14.0 - -
German stock index options $12.0 - -

Options commissions are calculated for 10 contracts

IG CFD commissions and spreads

IG CFD fees are average. IG CFD commissions and spreads for different assets are charged as per the table below.

IG CFD commissions and spreads
IG
S&P 500 CFD fee The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Europe 50 CFD fee The fees are built into the spread, 1.5 points is the average spread cost during peak trading hours.
Apple CFD $0.02 per share; min $15
Vodafone CFD 0.1% of trade value; min £10

Below you can see how IG CFD fees compare with those of eToro and XTB.

IG CFD fees vs competitors
IG eToro XTB
S&P 500 index CFD fee $1.2 $1.7 $1.5
Europe 50 index CFD fee $1.6 $2.9 $1.9
Apple CFD $15.2 $1.9 $8.2
Vodafone CFD $14.3 - $9.9

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

IG financing rates

IG financing rates are average. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how IG financing rates compare with those of eToro and XTB.

IG financing rates vs competitors
IG eToro XTB
EURUSD financing rate 3.6% 1.8% 1.7%
GBPUSD financing rate 2.1% 1.2% 0.9%
S&P 500 CFD financing rate 2.6% 3.4% 3.4%
Europe 50 CFD financing rate 1.9% 3.1% 2.5%
Apple CFD financing rate 2.6% 6.5% 2.6%
Vodafone CFD financing rate 2.5% - 2.5%

IG commission and other fees
IG non-trading fees

In addition to trading fees, it's important to see if IG charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by IG with its two closest competitors.

IG non-trading fees vs competitors
IG eToro XTB
Deposit fee $0 $0 $0
Withdrawal fee $0 $5 $0
Account fee No No No
Inactivity fee Yes Yes Yes

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

IG commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by IG and its closest competitors. To learn more about IG, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

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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