Tight Spreads
We offer permanently low spreads and no hidden charges across all our markets, including forex, stock indices, shares and commodities.
Competitive Spreads
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 1 point, Wall Street from 2 points, and oil spreads start at just 4 points. Our spreads start at just 0.1% per side for major shares. Please note that spreads can be variable,
especially in exceptionally volatile market conditions.
Funding
For most markets, e.g. index futures, we build funding charges only into the dealing price. For share DFBs, we make funding adjustments each day at 10pm. 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).
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.