Does IG charge a custody fee as of December 2024?
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.
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
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.
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Custody fees are like paying for parking in a secure garage.
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Look out for other non-trading fees.
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What is a custody fee?
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.
| 💰 IG custody fee | £24 per quarter on a share dealing account if you do less than 3 trades, zero if you do more trades |
| 💰 IG account fee | No account fee |
| 💰 IG inactivity fee | No inactivity fee |
| 💰 IG withdrawal fee | $0 |
| 💰 IG deposit fee | $0 |
| 🗺️ Country of regulation | UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand |
Data updated on December 18, 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.
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Further reading
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.
