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IG commission and other fees

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
18h ago
Personally tested
Data-driven
Independent

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 (overnight fees), commissions less so.

Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

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

Visit broker
75% of retail CFD accounts lose money

Overall score
4.5/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1-3 days
Visit IG

75% of retail CFD accounts lose money

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IG commission and other trading fees

The good news is that IG has low trading fees in general. We ranked the fees of IG 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
XTB
Forex
Low Low Low
CFD
Average Average Low
Financing rate
Average Average 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 low. IG forex commissions and spreads for individual currency pairs are charged as per the table below.

IG forex commissions and spreads
IG
EURUSD fee description
The fees are built into the spread, 0.6 pips is the average spread cost during peak trading hours.
GBPUSD fee description
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
XTB
EURUSD benchmark fee
$13.3 $11.4 $11.0
GBPUSD benchmark fee
$8.9 $8.4 $7.3
AUDUSD benchmark fee
$14.3 $12.1 $13.7
EURCHF benchmark fee
$0.0 $6.0 $0.0
EURGBP benchmark fee
$13.6 $15.2 $11.6

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
XTB
US stock index options
$10.0
-
-
US stock options
-
$0.0
-
UK stock index options
$12.5
-
-
German stock index options
$10.8
-
-

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 $10
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
XTB
S&P 500 index CFD fee
$3.2 $3.7 $1.4
Euro Stoxx 50 index CFD fee
$3.1 $4.4 $4.2
Apple CFD
$10.1
$3.8
$2.9
Vodafone CFD
$13.1
-
$3.9

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
XTB
EURUSD financing rate
3.2%
2.5%
2.5%
GBPUSD financing rate
1.9%
1.2%
1.2%
S&P 500 CFD financing rate
7.9%
8.7%
3.1%
Euro Stoxx 50 CFD financing rate
6.4%
7.9%
8.5%
Apple CFD financing rate
7.9%
11.9%
9.5%
Vodafone CFD financing rate
7.7%
-
9.8%

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
XTB
Deposit fee
$0
$0
$0
Withdrawal fee
$0
$5
$0
Account fee
No
No
No
Inactivity fee
No
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

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.

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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.

author
Gyula Lencsés, CFA
Author of this article
Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.
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