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IG Group Fees, Spreads and Commissions Reviewed ☑️ (2022)


 

IG Fees and Spreads Banner

 

IG Fees, Spreads, and Commission. IG trading involves fees from $10 USD / R 160 ZAR, spreads from 0.08 pips, and commission-free trading depending on the account traders select. With a minimum deposit fee of  R 4000 ZAR / $260 USD for an International Account.

 

💵 Currency Pair 💰 Value Per Pip 📈 Minimum Spread 📉 Average Spread 📊 Margin Required
AUD/USD $10 1 1.2 3%
EUR/GBP $10 1 1.4 3%
EUR/USD $10 0.8 1.0 2%
GBP/USD $10 1 1.4 3%
USD/JPY Y1000 0.8 1.0 2%

💵 Currency Pair 💰 Value Per Pip 📈 Minimum Spread 📉 Average Spread 📊 Margin Required
CAD/CHF CHF10 3 4.1 3%
GBP/CAD C$10 4 5.5 3%
GBP/ZAR ZAR10 200 253.9 7%
USD/SGD SGD10 4 5.4 5%
USD/ZAR ZAR10 110 158.3 7%

 

 

 

 

IG Overview

 

IG is a leading online trading provider that offers traders access to opportunities across thousands of financial markets through intuitive platforms and apps.  IG is authorized and regulated by the Financial Conduct Authority (FCA) and the Financial Sector Conduct Authority (FSCA).  IG Markets South Africa Limited was established in 2010 with a head office based in Sandton, South Africa.

 

IG Landing Page

 

IG Fees, Spreads, and Commission

 

IG offers transparent pricing with Spreads being as little as 0.8 pips.

 

IG Spreads and Margins

 

Traders will pay a spread on each trade made.  The term spread refers to the difference between two prices, rates, or yields.

 

IG Spreads and Margins – Major Forex Pairs

 

💵 Currency Pair 💰 Value Per Pip 📈 Minimum Spread 📉 Average Spread 📊 Margin Required
AUD/USD $10 1 1.2 3%
EUR/GBP $10 1 1.4 3%
EUR/USD $10 0.8 1.0 2%
GBP/USD $10 1 1.4 3%
USD/JPY Y1000 0.8 1.0 2%

 

IG Spreads and Margins – Minor Forex Pairs

 

💵 Currency Pair 💰 Value Per Pip 📈 Minimum Spread 📉 Average Spread 📊 Margin Required
CAD/CHF CHF10 3 4.1 3%
GBP/CAD C$10 4 5.5 3%
GBP/ZAR ZAR10 200 253.9 7%
USD/SGD SGD10 4 5.4 5%
USD/ZAR ZAR10 110 158.3 7%

 

IG Spreads and Margins

 

Additional IG Services and Charges

 

Funding and Interest are charged on Forex trades with additional fees including:

 

  • Overnight Funding Fees
  • Currency Conversion Charges
  • Inactivity Fee
  • Third-Party Claims

 

How to Open an IG International Account – Step by Step Guide

 

1. Step 1:  Create Live Account

Start the application by clicking on the green “Create Live Account” button located on the landing page or throughout the website in the header of the page.

 

IG Landing Page 2

 

2. Step 2:  Registration Form

The applicant must start setup by supplying general information including a valid email address and country of residence.

 

IG Open an Account 2

 

3. Step 3:  Complete Personal Information

The next step will nee more personal information to be added, including the applicant’s direct contact details and identification number.

 

IG Open an Account 3

 

4. Step 4:  Adress Details

The applicant must complete their address details to move on to the final steps of the registration process.

 

IG Open an Account 4

 

5. Step 5: Financial Information

The second last step is to complete Financial details, including the applicant’s annual income and employment history.

 

IG Open an Account 5

 

6. Step 6: Trading History

In the final step, Applicants must provide their trading history.  Once this step has been completed, the application can be saved and closed.

 

IG Open an Account Final

 

IG Customer Reviews – TrustPilot

 

Excellent

Ullas was excellent. Friendly and professional. Answered my question quickly and was very patient also. Thanks for the great help! – Doron

 

IG 5 Star Review

Customer Support.

The customer support chat was on point. Henna was friendly, helpful and knew the quickest way to resolve my queries! – Amogh

 

IG 4 Star Review

 

Beginner Account.

IG takes the anxiety out of starting an account as a beginner. All the information you need is clearly explained, and they are careful to ensure you realize the risks involved. – Mike

 

IG 3 Star Review

 

IG TrustPilot Overview

 

IG Pros and Cons

 

✔️ Pros ❌ Cons
Excellent Web-Trading Platform High Forex and Stock CFD Fees
Excellent Educational Tools Limited Product Portfolio
Great Deposit and Withdrawal options Slow Customer Support
🚀 Open an Account 👉 Click Here

 

Conclusion

 

Overall, IG Fees, Spreads, and Commission are seen as high. IG trading involves fees from $10 USD / R 160 ZAR, spreads from 0.08 pips, with a minimum deposit fee of  R 4000 ZAR / $260 USD for an International Account.

 

 

You might also like: IG Review

You might also like: IG Account Types Overview

You might also like: IG Demo Account – Step by Step

You might also like: IG Minimum Deposit

You might also like: IG Sign up Bonus

 

 

Frequently asked Questions

 

How many instruments can I trade with IG?

You can trade over 17,000 financial instruments spread across the following:

 

  • Forex
  • Indices
  • Shares
  • Commodities
  • Cryptocurrencies
  • Interest rates
  • Bonds
  • ETFs
  • Futures
  • Options

 

Which platforms are supported by IG?

 

  • MetaTrader 4
  • IG Platform
  • ProRealTime (PRT)
  • L2 Dealer
  • FIX API

 

Does IG offer leverage?

Yes. IG offers maximum leverage of 1:200.

 

What spreads can I expect with IG?

 

  • Forex – 0.6 pips EUR/USD with an average spread of 0.75 pips, and DMA spread of 0.1 pips.
  • Indices – from 0.4 pips on the FTSE 100.
  • Commodities – from 0.3 pips on undated markets.
  • Cryptocurrency – from 0.2 pips on Stellar.
  • Futures – from 0.6 pips.
  • Interest Rates – from 1 pip.
  • Bonds – from 1 pip.

 

Does IG charge commission?

Yes. IG charges Commissions of 0.10% on CFD EU and UK shares, and 2 cents on US Shares.

 

Is IG regulated?

Yes. IG is well-regulated by multiple global regulatory authorities.

 

Is IG a recommended forex trading broker for experts and beginners?

Yes. IG caters to both beginners and experts.

 

What is the overall rating out of 10 for IG?

9/10.





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