Does IG have a custody fee?

Wondering if IG charges a custody fee is like trying to figure out if an airline has hidden baggage fees. It might be confusing. Let me make it simple for you.

Yes, IG charges a custody fee. The custody fee at IG is charged on the following terms: £24 per quarter on a share dealing account if you do less than 3 trades, zero if you do more trades.

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IG custody fee explained:

[Broker name] custody fee explained:

Gyula Lencsés, CFA

Stock Market • Investment • Market Analysis

I’ve been a professional stock trader for more than a decade, investing into equities, ETFs and many other asset types in my capacity as a pension fund and investment fund manager. When it comes to equities, I prefer value-based fundamental long-term investment over short-term trading.

Learn about our methodology

Gyula Lencsés, CFA

Stock Market • Investment • Market Analysis

Together with my brokerage analyst colleagues, I thoroughly tested the services of IG by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about the custody fee at IG.

• Custody fees are like paying for parking in a secure garage.

• Look out for other non-trading fees.

• Still looking for the best broker? Check our top list.

Just as you pay to keep your car safe from theft and weather damage, a custody fee ensures your investments are securely stored and managed.

For example, consider an investment account worth $75,000. You might pay a custody fee of 0.3% per year, amounting to $225 annually.

This fee covers the costs of safekeeping, insurance, and administrative services, providing you with peace of mind that your assets are protected. It is typically a percentage-based fee calculated based on the value of the positions you are holding.

IG non-trading fees and more

While custody fees are one piece of the puzzle, it's important to be aware of other potential fees that might appear in your investment account.

Just like those unexpected service charges on your phone bill, brokers can have a range of non-trading fees that add up if you're not careful. Let’s take a closer look at these fees at IG so you can avoid surprises and keep your investment costs in check.

Data updated on September 23, 2024

To learn more about IG's fees and charges, read our article about IG's fee structure.

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If you are interested in IG in general, check our comprehensive review.