IG Logo

Is IG free?

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
Jan 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Is IG free as of January 2024?

IG does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with IG though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

Disclaimer: 71% 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.

Visit broker
71% of retail CFD accounts lose money

BrokerChooser score
4.5 4.5 /5
Visit broker
71% of retail CFD accounts lose money

Overview of IG fees and charges

When it comes to brokerage fees, IG is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether IG fees are beneficial for you. Continue reading about IG fees and charges to see if this is the right broker for you, or if a similar broker like eToro or XTB might suit you better.

Here's a high-level overview of IG's fees

IG Fees snapshot
Assets Fee level Fee terms
US stock fee - Real stocks available only in a few countries, like UK, Ireland, or Australia. US stock fees: $0.02 per share with $15 min
EURUSD fee Low The fees are built into the spread, 0.6 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

Visit broker
71% of retail CFD accounts lose money

IG fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare IG fees with its closest competitors, eToro and XTB.

Visit broker
71% of retail CFD accounts lose money

IG trading fees

IG's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at IG.

Trading fees

IG's trading fees are average.

Stock fees and ETF fees

IG has stock trading fees.

Stock fees of a $2,000 trade
IG
XTB
US stock
$15.0
$0.0
$0.0
UK stock
$10.0
$0.0
$0.0
German stock
$10.8
$0.0
$0.0

Data updated on January 15, 2024

Forex fees

IG's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
IG
XTB
EURUSD benchmark fee
$13.3 $11.4 $11.0
EURGBP benchmark fee
$13.6 $15.2 $11.6

Data updated on January 15, 2024

Options fees

IG's options fees are low.

Options fees for 10 contracts
IG
XTB
US stock options
-
$0.0
-
US stock index options
$10.0
-
-
UK stock index options
$12.5
-
-
German stock index options
$10.8
-
-

Data updated on January 15, 2024

CFD fees

IG has high CFD trading fees.

CFD fees and commissions on a $2,000 trade
IG
XTB
Apple CFD
$15.1
$2.0
$2.9
Vodafone CFD
$13.1
-
$3.9
Germany
$11.9
$1.8
$9.1

Data updated on January 15, 2024

Currency conversion fee

IG will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.5% mark-up.

Visit broker
71% of retail CFD accounts lose money

IG non-trading fees

When it comes to non-trading fees, IG is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at IG that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how IG stacks up in terms of non-trading fees
IG
XTB
Withdrawal fee
$0
$5
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
Yes
Yes
Account fee
No
No
No

Data updated on January 15, 2024

Visit broker
71% of retail CFD accounts lose money

BrokerChooser score
4.5 4.5 /5
Visit broker
71% of retail CFD accounts lose money

IG deposit fee

Usually, brokers don't charge anything for deposits, and IG is no different.

IG deposit methods
IG
XTB
Bank transfer
Yes Yes Yes
Credit/debit card
Yes
Yes
Yes
Electronic wallets
Yes Yes Yes
Deposit fee
$0
$0
$0

Data updated on January 15, 2024

Visit broker
71% of retail CFD accounts lose money

IG withdrawal fee

IG generally doesn't charge a withdrawal fee.

IG withdrawal fees and options compared
IG
XTB
Bank transfer
Yes Yes Yes
Credit/debit card
Yes
Yes
Yes
Electronic wallets
Yes Yes Yes
Withdrawal fee for bank transfer
$0
$5
$0

Data updated on January 15, 2024

Visit broker
71% of retail CFD accounts lose money

IG inactivity fee

IG does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

Visit broker
71% of retail CFD accounts lose money

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

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.

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.

Visit IG 71% of retail CFD accounts lose money

Follow us

Regional settings

×
I'd like to trade with...