In this guide

  • Our verdict
  • Details
    • Share trading details
  • Frequently asked questions
  • Your reviews
  • Ask an expert
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IG Share Trading
4.6
β˜…β˜…β˜…β˜…β˜…
Finder score
Standard brokerage fee
US$0
Available markets
ASX, NASDAQ, NYSE, AMEX, Euronext, DAX, ISEQ
Support
Phone, Email, After hours, Live chat

Our verdict

Access some of the lowest broker fees on the market when you trade global and Australian shares, with commissions starting at $0.

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IG is a local and international provider with a long history in share trading, CFD and forex trading. On the positive side, IG has a competitive fee structure and is a well-respected broker. It offers access to a raft of markets and 24-hour support. Its education facilities are up there with the best of them and the broker makes coming up with trading ideas relatively easy.

However, IG suits more active traders, with those who do not make at least 3 trades per month paying a slightly higher brokerage on Australian shares. The difference isn't huge ($5 vs $8) but for smaller long-term buy-and-hold investors, this needs to be factored in.

Pros

  • $0 brokerage on global stocks
  • Low brokerage on Australian stocks – starting from $5
  • A single platform for global and ASX stocks, CFDs, forex (CFDs) and cryptocurrencies (CFDs)
  • Extended hours trading on US stocks
  • Competitive spreads
  • Educational resources

Cons

  • Currency conversion fee higher than some others
  • Encourages more active traders
  • Limited global markets
  • Limited order types

In this guide

  • Our verdict
  • Details
    • Share trading details
  • Frequently asked questions
  • Your reviews
  • Ask an expert

IG is a global online share trading provider, offering traders access to Australian and international shares. They’re known for charging some of the lowest brokerage fees on the market, starting with zero commissions for global stocks and $5 for ASX shares.

Details

Share trading details

Type of broker Online only
ASX products Shares
Available markets ASX, NASDAQ, NYSE, AMEX, Euronext, DAX, ISEQ
Standard brokerage fee US$0
Support Phone, Email, After hours, Live chat
Go to site
More Info

Company background

IG is a global trading giant that has been around since the mid-70s. Starting out in the UK, IG was actually the first-ever spread betting company. Fast forward the best part 3 decades and in 2002, IG Group commenced trading in Australia. By 2005, the broker was publicly listed on the London Stock Exchange.

Today, it has more than 320,000 clients worldwide, a long-term history and a large array of markets to choose from. IG has become one of Australia's most well-known trading platforms.

Is IG safe to use?

IG has a long history of providing financial products to consumers around the world. This means that it has to be regulated by various governing bodies including the Australian Securities and Investment Commission (ASIC) in Australia.

Adding to its validity, IG is publicly listed.

As such, you can trade with confidence knowing you're protected under Australian laws. However, it is worth pointing out, IG doesn't just offer shares. Its CFD and forex products are riskier products that should only be used by sophisticated investors.

What are the key features of the IG trading platform?

Fees

β˜…β˜…β˜…β˜…β˜… 3.4/5

Brokerage fees for both ASX and global stocks are among the lowest in the market.
Trading tools

β˜…β˜…β˜…β˜…β˜… 4.5/5

It offers charting tools, conditional orders and margin trading options.
Research and education

β˜…β˜…β˜…β˜…β˜… 3/5

IG features a live demo and news updates. It does not offer stock rating tools.
Available securities

β˜…β˜…β˜…β˜…β˜… 4/5

It offers local and global stocks, ETFs, forex and CFDs.
Customer support

β˜…β˜…β˜…β˜…β˜… 5/5

IG is rated highly thanks to 24/7 live chat support, phone and email support services.
Available countries

β˜…β˜…β˜…β˜…β˜… 3.5/5

IG offers stocks listed in Australia, the US, the UK, Germany and Ireland.
To learn how our star ratings are calculated, read the methodology here.

News and analysis

One of the perks of signing up with IG is its customers can access news, advice, webinars and recommendations from IG's team of in-house experts. The IG website houses a market analysis section, providing articles and videos on trading opportunities and stocks to watch. However, keep in mind that you should do your own research before buying any shares.

Free courses

IG Academy offers free online courses, webinars and seminars with the aim to help develop investors' skills.

Cheap brokerage

Brokerage costs with IG are some of the lowest in the industry, starting at just $5.00 per trade on Australian shares and $0 commissions per trade on global shares.

Choice of trading platforms

You can place share trades with IG through the provider's web-based trading platform, over the phone or through the IG app. Share trading apps are proving to be a hugely popular medium and the IG trading app is available to suit both Apple and Android smartphones and tablets.

Available markets

IG share trading provides access to more than 13,000 both here and abroad. Check out the list below for the international stock exchanges you can buy shares on via your IG share trading account.

Stop losses

For those looking to protect their portfolio, IG offers stop and limit orders, which can help investors control some of the risks. For example, the provider says you can choose exactly where your trade closes with a guaranteed stop loss, with no exceptions.

What markets can I trade with an IG share trading account?

An IG share trading account provides investors access to more than 13,000 shares across both Australian and international markets. The stock exchanges you can access through your IG share trading account include:

  • Australia: ASX 200, ASX 300 and a wide range of other small-cap Australian stocks.
  • US: S&P 500, DOW 30, Nasdaq-100 and a wide range of other small-cap US stocks.
  • UK: FTSE 100, FTSE 250 and a wide range of other small-cap UK stocks.
  • Germany: DAX, HDAX, MDAX.
  • Ireland: ISEQ.

If you're not looking to invest in shares and are instead interested in taking more of a short-term approach, then perhaps trading CFDs might be more suitable for you. If this sounds like the case, take a look at our review of the IG forex and CFD trading account.

What account types can you open with IG?

IG allows you to open 1 of 3 tailored accounts depending on your individual needs.

  1. Corporate account: This is a complete trading solution for corporate and institutional investors, allowing access to a variety of markets and financial products.
  2. Personal accounts: Made for individual traders, it offers free research, fast set-up, cheap spreads and a range of markets.
  3. SMSF account: Investors with an SMSF can also trade through IG, but will need to have at least $1 million worth of assets. You'll gain access to accounts tailored to suit your needs.

What customer support is available?

IG offers a 24-hour customer support service. When you need assistance, visit IG's extensive online help portal.

If you can't find the answer you're looking for among the frequently asked questions, you can email your question to IG, free call the experienced customer help team directly or jump on live chat.

IG Academy also contains educational resources and the IG community allows users to access forums, get trading tips and interact with other members.

What are the fees?

As well as brokerage, an IG share trading account has a number of fees and charges that you need to be aware of.

Note: IG removed its quarterly $50 inactivity fee from share trading accounts as of July 2022.

Brokerage fees

You have a few options on broker (aka commission) fees, which will come down to how often and how much you trade each month.

The brokerage fee for Australian shares starts at $5 a trade. However, this is only if you've made 3 or more trades in the previous month. If you've only made 1–2 trades, your broker fee will be the standard $8 per trade or 0.1%, whichever is higher.

For international markets, the commission fee is $0, but you're charged a foreign exchange fee of 0.70% per trade if you choose this route. The other option here is to convert currencies outside of IG. This means you avoid the high FX fee, but must pay $10 per trade in commissions.

The following table breaks down the brokerage fees across Australia and its international share markets for phone or online trades.

LocationCommission per trade
AustraliaAUD$5 per trade (if you make 3+ trades in the previous month), or $8/0.1% (whichever is higher)
US$0
UK$0
Germany$0
Ireland$0
LocationMinimum charge
AustraliaAUD$50/0.1%
USUS$50/2 cents per share
UKΒ£40/0.1%
Germany€50/0.1%
Ireland€50/0.1%

Access to live share market data

To view live prices on Australian and international share markets, you will need to activate the relevant data feed through your IG share trading account. Certain markets allow users to upgrade from free pricing options to real-time pricing, but this is for a fee.

Minimum balance

While not exactly a fee, it's worth noting that there's no minimum balance requirement on your IG share trading account. You aren't required to deposit any money upfront in order to open the account and there aren't any ongoing account balance limits you need to maintain to keep it.

What are the account funding options on an IG share trading account?

You can fund your IG share trading account in a number of ways including credit card, debit or BPAY. Each method attracts different fees. If you're in Australia, the minimum deposit via credit or debit card is $450.

However, there is no minimum deposit amount if you're funding your account via bank transfer, BPAY or PayPal. Below is a list of methods for funding your account based on your location.

Note: IG does not accept payments made via commercial and business credit cards, or cash.

Payment typeIG's costExecution timeHow to pay
Credit cardVisa: 1% (AUD transactions)
Mastercard: 0.5% (AUD transactions)
Non-AUD transactions: 1.5%
InstantLog in to the trading platform, select "Payments" and follow the prompts
Debit cardVisa: Free
Mastercard: Free
InstantLog in to the trading platform, select "Payments" and follow the prompts
BPAYFreeUp to 2 business daysYour BPAY Biller and Customer Reference number is available from the following locations:

  • The web-based trading platform via Payments
  • Your daily statement that is sent whenever there is activity on your account
PayPal1% flat chargeInstantLog in to the trading platform, select "Payments" and follow the prompts
Payment typeIG's costExecution timeHow to pay
Credit card1.5%InstantLog in to the trading platform, select "Payments" and follow the prompts
Debit cardVisa: Free
Mastercard: Free
InstantLog in to the trading platform, select "Payments" and follow the prompts
Electronic funds transfer to NZ-based accountFreeUp to 3 business daysAccount name: IG Markets Ltd Client Trust
Bank / Branch Code: 03-0252
Account number: 0834546-05
Currency: NZD only
PayPal1% flat chargeInstantLog in to the trading platform, select "Payments" and follow the prompts
Payment typeIG's costExecution timeHow to pay
Credit card1.5%InstantLog in to the trading platform, select "Payments" and follow the prompts
Debit cardVisa: Free
Mastercard: Free
InstantLog in to the trading platform, select "Payments" and follow the prompts
Local transfer to their HK-based accountFreeUp to 3 business daysBank Name: The Hongkong and Shanghai Banking Corporation Limited
HSBC Main Building,
1 Queens Road Central,
Hong Kong
Account Name: IG Markets Ltd - Client Trust Account
Swift Code: HSBCHKHHHKH
Account Number(s):
USD Currency – 848391785201
HKD Currency – 848391785001
AUD Currency – 848391785203
International Transfer to their Australia-based accountFreeUp to 3 business daysBank Name: Westpac Banking Corporation
409 St Kilda Road
Melbourne Vic 3004
Australia
Account Name: IG Markets Client Trust Account
Swift Code: WPACAU2SXXX
Account Number(s):
USD Currency – 034702372672
HKD Currency – 034734320199
AUD Currency – 033079189977
EUR Currency – 034705308262
GBP Currency – 034703392421
PayPal1% flat chargeInstantLogin to the trading platform, select "Payments" and follow the prompts.
Payment typeIG's costExecution timeHow to pay
Credit card1.5%InstantLog in to the trading platform, select "Payments" and follow the prompts
Debit cardVisa: Free
Mastercard: Free
InstantLog in to the trading platform, select "Payments" and follow the prompts
Local transfer to their HK-based accountFreeUp to 3 business daysBank Name: The Hongkong and Shanghai Banking Corporation Limited
HSBC Main Building,
1 Queens Road Central,
Hong Kong
Account Name: IG Markets Ltd – Client Trust Account
Swift Code: HSBCHKHHHKH
Account Number(s):
USD Currency – 848391785201
HKD Currency – 848391785001
AUD Currency – 848391785203
International transfer to their Australia-based accountFreeUp to 3 business daysBank Name: Westpac Banking Corporation
409 St Kilda Road
Melbourne Vic 3004
Australia
Account Name: IG Markets Client Trust Account
Swift Code: WPACAU2SXXX
Account Number(s):
USD Currency – 034702372672
HKD Currency – 034734320199
AUD Currency – 033079189977
EUR Currency – 034705308262
GBP Currency – 034703392421
PayPal1% flat chargeInstantLog in to the trading platform, select "Payments" and follow the prompts
Payment typeIG's costExecution timeHow to pay
Credit card1.5%InstantLog in to the trading platform, select "Payments" and follow the prompts
Debit cardVisa: Free
Mastercard: Free
InstantLog in to the trading platform, select "Payments" and follow the prompts
International transfer to their Australia-based accountFreeUp to 3 business daysBank Name: Westpac Banking Corporation
409 St Kilda Road
Melbourne Vic 3004
Australia
Account Name: IG Markets Client Trust Account
Swift Code: WPACAU2SXXX
Account Number(s):
USD Currency – 034702372672
HKD Currency – 034734320199
AUD Currency – 033079189977
EUR Currency – 034705308262
GBP Currency – 034703392421
PayPal1% flat chargeInstantLog in to the trading platform, select "Payments" and follow the prompts

Source: IG

How do I open an IG share trading account?

If you'd like to sign up for an IG share trading account, click one of the "Go to site" links on this article to be securely redirected to the IG share trading website. You can then open an account by filling out an online application.

It takes around 5–10 minutes to apply and you will need to provide the following:

  • Your name
  • Your email address and phone number
  • Your residential address (you must be an Australian tax resident)
  • Your username and password
  • A photograph or scanned copy of your Australian driver's licence or passport

Once the IG accounts team has approved your application, you will then be able to fund your account and begin trading shares.

What other products can you trade through IG

IG has a large selection of trading platforms that you're able to choose between. After registering for a forex and CFD account with IG, you can then gain access to the following:

  • IG trading platform. It features a range of useful trading tools including trading charts, signals and personalised alerts.
  • Web-based platform. IG's online trading platform enables you to trade via your web browser and customise your theme. Open and close your positions in a few clicks, view split charts and signal analysis, set up trading alerts and receive breaking news via Reuters and Twitter. The web-based platform supports Google Chrome (recommended), Firefox, Microsoft Edge, Internet Explorer 11 and Safari (Mac only).
  • Mobile trading apps. Trade on-the-go with IG's trading apps, free to download and featuring native designs across all major mobile and tablet devices. Access market data and analysis and live prices before logging in.
  • MetaTrader 4 (MT4). The most popular forex trading platform in the world for its fast execution, automated trading, customisable interface and enhanced trading tools. The IG version of MT4 comes with 18 free bespoke add-ons and indicators. Plus, you can access your account via the MT4 app on both Android and iPhone. Simply request access to MT4 in your client portal.
  • Advanced platforms. Advanced traders can register for L2 Dealer, IG's downloadable DMA (Direct Market Access) platform. Get direct access to share market CFDs and forex currency pairs. This is for professional traders only and is only available via a specific request.

Frequently asked questions

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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Avatar

Al

March 04, 2019

Can you please explain a bit for condition 2 for Quarterly inactivity fee waiver (if you hold onto your shares, this is classed as having an open position)? Is that means I order for some shares & subsequently not transferring the amount to IG account either by BPay or credit/debit card until the end of that quarter?


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Jeni Finder

March 05, 2019

Hi Al,


Thank you for getting in touch with Finder.


That only means that if you open a trade and you do not close the trade then you will be charged the fees.


I hope this helps.


Thank you and have a wonderful day!


Cheers,

Jeni


Avatar

danbradster

February 17, 2019

Not so great for:

They close out my orders at the end of the day, even if it was hit by a robot for $1 worth of shares, costing me $8 in brokerage. Unlike Commsec which leaves my order open for 20 days or until fully filled.


Avatar

John Basanes Finder

February 18, 2019

Hi Danbradster,


Thank you for reaching out to finder.


You may want to directly reach out to them if it would still be possible to review this transaction and refund any amount that has been mistakenly charged from you. Hope this helps!


Cheers,

Reggie


Avatar

Amit

November 23, 2018

In relation to subscription fees β€œYou deal at least three times across either of your share trading or CFD accounts during the quarter”

What is a deal? Is buy and a sell one deal or they are considered two deals?


Avatar

Charisse Finder

November 29, 2018

Hi Amit,


Thanks for reaching out to finder.


As a general definition, a deal is a commercial exchange as in buying or selling any instrument. As per IG’s share trading customer agreement, when you give them an instruction to deal, it means you are asking them to buy or sell so it may mean buying and selling are two separate transactions.


However, you may also want to contact IG and confirm this information with them directly.


I hope this helps.


Cheers,

Charisse


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Prady

October 21, 2018

How does the payment by Credit Card been considered as i.e. cash advance or normal purchase?


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John Basanes Finder

October 22, 2018

Hi Prady,


Thank you for leaving a question.


When you use your credit card to do a cash advance, this is basically using the card to go to an ATM and withdraw physical cash from it. This will incur a cash advance fee which the bank would charge from you. When you mention β€œNormal Purchase”, this is you using the card to make purchases via merchants and not getting cash from it. Hope this helps!


Cheers,

Reggie


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Martin

June 07, 2018

I am an Australian citizen and want to trade in the US market. Can I trade and write covered call options in the US stocks exchange?


Avatar

Arnold

June 08, 2018

Hi Martin,


Thanks for your inquiry


Yes, IG account holders have the option to trade in the US Market. You can deal on over 15,000 markets, including more 24-hour indices than any provider and out-of-hours US shares. Please do note that IG has an obligation under US tax regulation to obtain documentation from their clients that wish to trade on US equities.


For more information about the IG Trading Account, please click the green β€˜Go to site’ button to be redirected to their site.


Hope this information helps


Cheers,

Arnold


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