IG Markets Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Apr 30, 2022
IG Markets Commission or Brokerage plans are made to suit the needs of all types of traders and investors.
Whether you are looking for affordable investment charges in commodities or stocks, IG Markets charges will compliment your trading and enhance your experience and profit in trading.
To choose a brokerage house, you need to first check its commission plans and IG Markets brokerage is quite reasonable and helps you in optimizing the profits.
Here in this article, you will read about all its commission plans, then the products and services it offers and many other details.
This article will also help you open an account with IG Markets easily in a few steps.
IG Markets Commission or Brokerage Charges
Brokerage charges are one of the most important components of trading costs.
This is the highest component out of the total cost you incur for trading any assets. Thus, choosing the right brokerage house is a necessity.
With IG Market commission schemes you can have an upper hand on your trades. You can trade without thinking much about the brokerage charges.
This brokerage house has a very reasonable commission plan.
IG Markets fees regarding the trading charges are not only very reasonable but they also provide multiple benefits within this low brokerage.
So, you can avail multiple services, facilities and that too at such low charges.
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Types of IG Markets Commission Plans
|Types of Commission Plans|
|Account Type||CFD Trading Account|
There is only one type of commission plan that IG Markets has. It is for the CFD Trading Account.
Though the name says CFD trading with this account you can trade any instrument whether it is stocks, or commodities, currencies, etc.
The brokerage on trading assets using this account is different for different assets.
The minimum or initial deposit required for this account is also very low which is why opening an account with IG Markets is easy.
The commission for stock trading in Australia is 0.08% while in the US it is 2 cents per share. Then in the UK and Europe, it is 0.10% and 0.18% in HK.
The minimum charges (online) for these countries for stock trading are $7 for Australia, US$15 for the US, 10 Euros for Europe, 10 GBP for the UK, and HKD 50 for HK.
The margin required in all these countries for trading shares using the IG Markets account starts from 10%.
So, the initial deposit or margin requirement is 10%.
For trading currencies, you need to maintain a margin of 0.5%. This is common across different currency pairs like AUD/USD, USD/JPY, EUR/USD, and GBP/USD.
For commodities the contract value for spot gold is US$100, spot silver is US$50, and US$10 for US crude and Brent Crude.
So, as you can see the charges and margin requirements are pretty lower for all the asset classes.
This helps you in maximizing your profits as the cost of trading decreases because of the low IG Markets brokerage.
IG Markets Account Opening Process
The account opening process with IG Market is pretty simple. The steps mentioned below need to be followed and your account will be live sometime. Here are the steps –
- If you are seeing the tab on this screen with “Open Demo account” written on it, click on it.
- Once you click on the tab, a popup form for application for opening an account with IG Markets will open
- You need to fill the form with the correct details. This form is important as this is going to be verified and cross-checked for KYC purposes. So, wisely fill the form.
- Once you are done with filling the details in the form, submit it.
- Wait for the associates of IG Markets to reach you over call or mail. Once you get the call from them, then they will guide you about the rest of the process.
- They will verify the details. You need to upload documents that are required for verification.
- Once the verification is over, they will send you a mail if the application has been approved.
- In the mail, you will receive the login credentials – user id and password to your trading account.
- Now you can trade after logging in to your account as it is life.
IG Markets Payment or Withdrawal Methods
|Deposit Options||ACH, Credit Card, Wire Transfer|
|Withdrawal Options||ACH, Credit Card, Wire Transfer|
The withdrawal and deposit methods of any brokerage house are crucial. It helps you understand the level of security the brokerage house provides to their clients. Herewith IG Markets the methods of depositing and withdrawing funds include –
- Credit Card
- Wire Transfer
Though there is not a wide range of options available, these three are the most secure way of transacting. So, your funds are in safe hands with IG Markets.
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IG Markets Investment Assets
|Total Tradable Assets||NA|
|Number Of Currency Pairs||81|
|Number Of Cryptocurrencies||NA|
|Number Of Stocks||NA|
|Number Of Indices||NA|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
The investment assets that you can trade within IG Markets are as follows –
- Currencies – 81 pairs
IG Markets Commission – Conclusion
The IG Markets commission plans are highly suitable for any trader.
Whether you are in Australia, or the UK, or the US, all charges across all the regions are pretty low.
IG Markets charges are justified as they provide so many assets to trade and secure transaction methods as well.
The brokerage house is one of the affordable across the globe with a wide range of services at the same time.
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IG Markets Charges or Fees – FAQs
Here is the list of FAQs related to the IG Markets Brokerage Charges or Fees:
Do IG Markets charge commission?
Yes, IG Markets charges commission.
There are brokerage charges on all the assets that are there.
The brokerage charges are though pretty lower and affordable compared to the services you are getting with IG Markets.
How much does IG Markets charge brokerage?
The brokerage charges of IG Markets vary as per the asset classes and countries.
What is the Minimum Deposit required in IG Markets?
The minimum deposit required is $1.
This is one of the lowest initial or minimum deposit requirements you can come across. The minimum deposit requirement also changes as per the asset classes.
How much leverage do IG Markets provide?
The leverage provided by IG Markets is around 200 times.
This is huge leverage that you can make use of in amplifying your trades. Leveraged trading is one of the most important features of IG Markets as well.
It is a boon for the volume traders as they can trade 200 times more than what they have in their trading account.
For instance, you have $100 in your account.
So, when you are trading, you can trade stocks/ currencies, and any other asset worth $20000.
How much is spread at IG Markets?
The spread level is also different for each of the assets. It varies from 0.5 to 0.9 for the currencies.
While for the indices it is between 0.4 pips to 1.8 pips as well.
For the commodities, the spread is a bit higher. It starts from 0.3 pips but it can go up to 2.8 pips as well.
What type of Commission Plans are available in IG Markets?
There are plans available based on the asset you are trading and the country you are trading from.
So, for stocks, currencies, commodities, and indices, the commission plans are different.
Do IG Markets provide Cryptocurrency for Investment?
No, there is no cryptocurrency trading feature with IG Markets yet.
However, in the coming future, it might be incorporated as cryptocurrencies are capturing the investment market pretty well.
Is IG Markets a legit Forex Broker?
Yes, it is a legit broker with its headquarter in the UK. It is regulated by CFTC and NFA.
The company is a publicly-traded company as well which is why it is more reliable as well.
Can I invest in IG Markets with $5?
Yes, the initial deposit is very low at $1 so, you can start trading using $5. However, it would depend on the value of the transaction as well.
Are there any hidden charges available with IG Markets?
No, there are no hidden charges that IG Markets levy. The brokerage charges are all out in the open.
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