We offer permanently low spreads across all our markets, including forex, stock indices, shares and commodities.
Competitive Spreads
We have recently lowered a number of our dealing spreads even further, to give our clients the best possible value. Headline spreads include:
To find out more about our products and dealing spreads you can visit the Range of Markets page.
No Hidden Charges
At IG Index, we are occasionally asked about any charges clients may incur. As a business, we make our money in the following ways:
Spreads
We charge a spread on all the markets we offer. Our FTSE spreads, for instance, begin at just one point, Wall Street from 2 points, and oil spreads start at just four points. Our spreads start at just 0.1% per side for major shares. Check the table above for a selection of current spreads covering our most popular markets. Please note that spreads can be variable, especially in exceptionally volatile market conditions.
Funding
For most markets, we build funding charges only into the dealing price (for example, index futures). For daily share bets, we make funding adjustments as part of the rollover. We apply funding at the rate of one-month LIBOR +/- 2.5% and the difference between the opening and closing prices reflects the funding credit or debit. For spot currency bets, we make an overnight funding adjustment if the bet is rolled over. This reflects the interest differential between the two currencies. The market 'tom/next' spread is the basis for this adjustment and there is a charge of 0.0055% of the closing price. Weekend rollovers incur three days of 'tom/next' spread but only one charge from us.
Currency conversion
We have two currency conversion settings. Our default setting for all clients is Instant Conversion. When your position is closed, we will automatically convert any foreign currency profit and loss to your base currency before applying it to your account. This includes any charges (for example, interest or dividends).We also offer a Daily Conversion setting to Plus Account holders. If you are a Limited Risk account holder and would like to take advantage of Daily Conversion, please contact us to upgrade your account. These conversions are made at a rate not worse than 0.3% from the mid-price.
External fees
Sometimes we need to pass on fees charged to us by other organisations. We will charge a 1.5% administration fee for credit and non-UK debit card payments. We also charge a £15 fee for telegraphic transfers.