Broker profile


IG is one of the largest providers of leveraged trading services (such as spreadbetting and CFDs) globally. Its stockbroking services are more limited, covering the UK and a handful of other countries, although more markets are occasionally added.

The UK service is notable for offering execution via Direct Market Access (DMA) as well as the more common Retail Service Provider (RSP) model. DMA can be useful to more active traders and the firm is one of only four UK platforms to provide this for retail investors – the others are iDealing, Interactive Brokers, and Saxo Markets.

For international investors, perhaps the most significant aspect of the service is the low FX conversion charge of 0.5% – this compares very well with almost all rivals at present. The account fee is waived if you trade three times per quarter, making it potentially quite cost-effective for regular investors if it covers the markets you want.

Markets available
Online tradingAustralia, Austria, Belgium, Ireland, Germany, Netherlands, UK, USA
Telephone tradingAs above
Dealing commissions and charges
Typical onlineAustralia A$10, Europe €10, UK £8, USA US$15
Online detailsAustralia 0.1% (min A$10; Europe 0.1% (min €10); UK 0-2 deals per month £8, 3+ deals per month £3; USA US$0.02/share (min US$15) with manual currency conversion or 0-2 deals per month £10, 3+ deals per month £0 plus 0.5% currency conversion charge with automatic currency conversion
Typical telephoneAustralia A$50, Europe €50, UK £40, USA US$50
Telephone detailsAustralia 0.1% (min A$50), Europe 0.1% (min €50), UK £40, USA US$0.02/share (min US$50) or £50
Other fees and charges
Account fees and inactivity feesDealing account and ISA: £24 per quarter (waived if 3+ trades per quarter)
Custody charges for stocksNone
Dividend chargesNone
Corporate action chargesNone
Currency conversion charges0.5%
Hold cash in foreign currenciesYes
Currencies allowedAUD, EUR, GBP, USD
Other details
Tax-advantaged accountsISA
Other products and servicesCFDs, spreadbetting
Minimum account sizeNone
Company locationUK
Further information

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