Is IG free?

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).

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IG fees
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 High 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 $12 per month after 2 years of inactivity

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IG fees
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.

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IG fees
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 eToro XTB
US stock $15.0 $0.0 $10.0
UK stock $10.4 $0.0 $12.0
German stock $12.0 $0.0 $12.0

Forex fees

IG's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
IG eToro XTB
EURUSD benchmark fee $16.5 $8.7 $8.5
EURGBP benchmark fee $16.5 $12.9 $8.3

Options fees

IG's options fees are low.

Options fees for 10 contracts
IG eToro XTB
US stock options - - -
US stock index options $10.0 - -
UK stock index options $13.0 - -
German stock index options $12.0 - -

CFD fees

IG has average CFD trading fees.

CFD fees and commissions on a $2,000 trade
IG eToro XTB
Apple CFD $15.2 $2.1 $8.2
Vodafone CFD $13.3 - $9.9
Germany $11.9 $1.8 $9.1

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IG fees
IG non-trading fees

Some of IG's non-trading fees are average.

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

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IG fees
IG deposit fee

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

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

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IG fees
IG withdrawal fee

IG generally doesn't charge a withdrawal fee.

IG withdrawal fees and options compared
IG eToro 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

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IG fees
IG inactivity fee

IG does apply an inactivity fee and it is $12 per month after 2 years of inactivity. Keep this in mind to avoid getting charged after a longer idle period. The fact that IG charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by IG is low.

IG eToro XTB
Inactivity fee Yes Yes Yes
Inactivity fee $12 per month after 2 years of inactivity $10 per month after one year inactivity €10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days

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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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