IG Share Trading review

Enjoy competitive brokerage fees and 24-hour support when you trade Australian and international shares online with IG Share Trading.

If you’re looking for a reliable online share trading platform that offers some of the lowest brokerage fees around, IG Share Trading is well worth a look. You can trade Australian shares plus more than 11,000 international shares, with commission from just AUD$8 per trade on Australian shares and USD$10 per trade on international shares. You can trade on the IG Share Trading website or through a range of apps.


Special offer: Earn Qantas Points when you place trades.

New and existing customers will earn 25 Qantas Points for each trade in Australian shares, and 50 Qantas Points for each trade in international shares made through their IG Share Trading account.

To be eligible for this offer you must be a member of the Qantas Frequent Flyer program. The offer is available for individual customers only (not for a business or company account). Full T&C's are available on IG's website, by clicking 'Go to Site'.

What can I trade with IG Share Trading?

IG Share Trading provides investors access to more than 13,000 shares on 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 interested in trading CFDs or forex instead, take a look at IG's forex and CFD trading platform here.

What are the features of IG Share Trading?

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. This will incur an ongoing fee in some circumstances.

News and analysis

IG customers can access news, advice and recommendations from IG’s team of in-house experts. This includes trading opportunities and information on stocks to watch.

Choice of trading platforms

You can place trades with IG through the provider’s web-based trading platform, over the phone or through the IG app. The app is available to suit Apple and Android smartphones and tablets.

Available markets

IG Share Trading provides access to more than 13,000 shares in Australia and around the world. For a list of the international stock exchanges you can trade on via your IG Share Trading account, see the what can I trade with IG Share Trading? section above.

Multiple currencies

IG Share Trading allows you to hold multiple currencies in your account to convert whenever you would like to take advantage of exchange rate fluctuations. Available currencies include AUD, USD, EUR and GBP.

Currency conversion

IG also specialises in providing foreign exchange to customers, which means you can take advantage of a 0.3% currency conversion fee when trading international shares.

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What support and information is available with IG Share Trading?

If you ever have a problem with a trade or have a question about your IG Share Trading account, IG offers a 24-hour customer support service. The first step to take when you need assistance is to 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 then email your question to IG or free call the experienced customer help team directly.

The IG website also contains a wide range of handy educational resources for traders. These are designed to help you understand the ins and outs of trading and include seminars, articles, guides and a trading glossary.

What's the minimum balance for my IG Share Trading account?

There's no minimum balance. You aren't required to deposit any money upfront in order to open the account, and there's no ongoing account balance you need to maintain.

How do I fund my account?

You can place funds in your 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. There's no minimum deposit amount if you're depositing funds 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 or 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 two business daysYour BPAY Biller and Customer Reference number is available from the following locations:

  • The email IG sent when your account was activated
  • 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 three 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 three 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 Australian based accountFreeUp to three 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 three 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 Australian based accountFreeUp to three 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 Australian based accountFreeUp to three 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

What fees am I charged when using IG Share Trading?

The following fees apply.

LocationCommission per trade
AustraliaAUD$8/0.1% (whichever is higher)
USUS$10/2 cents per share (whichever is higher)
UK£10/0.1%
Germany€10/0.1%
Ireland€10/0.1%
LocationMinimum charge
AustraliaAUD$50 / 0.1%
USUS$50 / 2 cents per share
UK£40 / 0.1%
Germany€50 / 0.1%
Ireland€50 / 0.1%

Additional monthly fees may also apply if you wish to access live prices for Australian and international stock exchanges, but there is the potential to have these fees refunded if you place more than a specified number of trades each month. Contact IG directly for detailed information on these fees and charges.

What are the pros and cons of using IG Share Trading?

The pros

  • It's an established provider. IG has more than 40 years of experience in helping traders around the world manage their investments.
  • You have access to international shares. IG Share Trading allows you to access major stock exchanges in Australia and around the world. This means you can access more than 13,000 international shares across a range of major indices.
  • There are competitive commissions. IG’s competitive commissions start from AUD$8 for Australian shares. Compare IG’s brokerage fees to those charged by other share trading platforms to see how they stack up.
  • There is 24-hour support. If you ever need help with a trade or your account, IG’s team of in-house experts is contactable 24 hours a day.

The cons

  • Limited information to help you make investment decisions. IG’s website doesn’t provide extensive, in-depth details about its Share Trading service. You will need to contact IG for more information about the features of its Share Trading platform, including the order types available and the ongoing monthly fees that apply for accessing live prices.

How do I apply for an IG Share Trading account?

If you’d like to sign up for an IG Share Trading account, click the “apply now” link on this page to be securely redirected to the IG Share Trading website. You can then open one of the following account types:

  • Single account
  • Joint account
  • Corporate or trust account
  • Self-managed super fund (SMSF) account

It takes around 5-10 minutes to apply and you will need to provide:

  • 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

Have you had these questions about IG Share Trading?

Founded in 1974, IG has more than 40 years experience offering competitive trading solutions to traders all around the world. With more than 150,000 clients worldwide and net global trading revenue of £388.4 million, IG is the world’s (and Australia’s) largest provider of CFDs. Share Trading is a new service from IG.

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32 Responses

  1. Default Gravatar
    MartinJune 7, 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?

    • finder Customer Care
      ArnoldJune 8, 2018Staff

      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 ‘Go to site’ button to be redirected to their site.

      Hope this information helps

      Cheers,
      Arnold

  2. Default Gravatar
    PhillDecember 9, 2017

    If I want to use your company to buy U.S. shares, do I need to open a bank acct. in the U.S. to by in & out of U.S. shares.

  3. Default Gravatar
    NathanDecember 7, 2017

    Is there a minimum amount required to open an account? My previous research told me that $500 was the minimum for trading on the ASX, however, there was no minimum for NYSE and Nasdaq.
    I am currently with NAB Trade but am copping to many fees for each trade. Looking for a reliable cheaper option.

    • finder Customer Care
      LouDecember 7, 2017Staff

      Hi Nathan,

      Thanks for your question.

      For IG Share Trading account, there is no minimum deposit to open and activate an account.

      If you are interested in buying ASX shares, the minimum order size for the first trade in an ASX-listed company is $500. For the Nasdaq, it depends on the broker as some charge a minimum deposit while others don’t.

      I hope this helps.

      Cheers,
      Anndy

  4. Default Gravatar
    chrisOctober 31, 2017

    Hi, I am an Australian citizen and resident. I have a couple of questions.
    – Can I trade in USA ETFs through IG Share trading?
    – Do you have an account facility that I can transfer USD directly in to and also out of in USD?
    – Is there a daily limit and also what is the fees to transfer my USD back to my USD bank account?

    • Default Gravatar
      JonathanOctober 31, 2017

      Hi Chris,

      Thank you for your inquiry. Not a problem at all, we’ll answers your questions over here.

      – Yes you will be able to trade certain US ETF’s in the share trading account.
      – Yes, if you have a registered USD bank account, you can make the base currency of your trading account USD. Then you will be able to transfer USD in and out with ease.
      – There is no limit as to how much you can transfer from your bank account. Furthermore, there are no fees involved from their side when withdrawing your USD funds back to your USD bank account.

      You may contact IG Share Trading Customer Support for any additional inquiries or questions. Hope this information helped.

      Cheers,
      Jonathan

  5. Default Gravatar
    BrianddOctober 18, 2017

    Where are the shares I buy held? For Australian shares is IG a CHESS provider?
    And then what about International shares?
    Thanks

    • Default Gravatar
      JonathanOctober 18, 2017

      Hi Briandd,

      Thank you for your inquiry.

      IG Share Trading operates on a direct custody model. Australian shares purchased are held on your behalf by their broker Citicorp Nominees PTY LTD., while UK and US shares are registered under Citibank N.A.

      Hope this helps.

      Cheers,
      Jonathan

    • Default Gravatar
      BrianddOctober 19, 2017

      Thanks mate. Will open account

  6. Default Gravatar
    XolaniJuly 17, 2017

    How do I join trading im interested minimum trade

    • Default Gravatar
      DanielleJuly 18, 2017

      Hi Xolani,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      If you’d like to sign up for an IG Share Trading account, click the “apply now” link on this page to be securely redirected to the IG Share Trading website. You can then open one of the following account types:
      – Single account
      – Joint account
      – Corporate or trust account
      – Self-managed super fund (SMSF) account

      It takes around 5-10 minutes to apply and you will need to provide:
      – Your name
      – Your email address and phone number
      – Your residential address
      – Your username and password
      – A photograph or scanned copy of your Australian driver’s licence or passport

      I hope this helps.

      Cheers,
      Danielle

  7. Default Gravatar
    AramisJune 16, 2017

    What is the minimum $ trade amount?

    • finder Customer Care
      RenchJune 17, 2017Staff

      Hi Aramis,

      Thanks for your inquiry.

      You can place funds in your account through 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 $200. Otherwise, there is no minimum deposit to open and activate an account.

      Cheers,
      Rench

  8. Default Gravatar
    GeorgeDecember 12, 2016

    Hi

    What are the fee’s for conditional orders?

    • finder Customer Care
      ClarizzaDecember 13, 2016Staff

      Hi George,

      Following up on my answer to you, IG offer Orders to opens or Stops and Limits which allow you to do a similar thing to Conditional orders. If this is what you’re after, there are no additional fees for this. However these are only available on CFDs and not share trading.

      Regards,
      Clarizza

    • finder Customer Care
      ClarizzaDecember 13, 2016Staff

      Hi George,

      Thanks for your question. We have gotten in touch with IG Share Trading and will get back to you ASAP.

      Regards,
      Clarizza

  9. Default Gravatar
    AlexSeptember 21, 2016

    Is there a minimum value amount of international shares i can transfer into my IG share trading account at a time for example, directshares minimum is 10,000 dollars worth of international shares

    • finder Customer Care
      ClarizzaSeptember 27, 2016Staff

      Hi Alex,

      Thanks for your question.

      There is no minimum amount of shares to transfer into your account. Please note, if you’re looking to transfer that amount, it may take between 5-7 weeks. IG also allow you to transfer in bunches.

      Regards,
      Clarizza

  10. Default Gravatar
    MarkSeptember 18, 2016

    Can you tell me what the bank account arrangements are with IG Share Trading. Some providers explain that you will open a trading account with them and that you must also open a parallel bank account with XYZ Bank (which might be the same as the share trading company or maybe not). This would be useful information to include on your description. e.g. (“when you open a trading account with IG, you will need to deposit your funds in an account at …”)

    • finder Customer Care
      ShirleySeptember 19, 2016Staff

      Hi Mark,

      A great question!

      When you open a trading account with IG, you will need to deposits your funds via credit card, debit card or BPAY. You don’t need to open a specific bank account, you can use your current one as long as it was BPAY or a debit card attached.

      Using BPAY is the only free option as it stands – it takes about 2 days to process.

      Your BPAY Biller and Customer Reference number is available from the following locations:
      – The email IG sent when your account was activated
      – The web-based trading platform via Payments
      – Your daily statement that is sent whenever there is activity on your account

      Hope this helps and we’ll add the information on the page soon!

    • Default Gravatar
      DeanMay 3, 2017

      Q1. Saw Shirley response…”When you open a trading account with IG, you will need to deposits your funds via….” followed by “Using BPAY is the only free option as it stands – it takes about 2 days to process.” I read somewhere that payment via debit card (Mastercard) is free also. Please confirm.

      Q2. If I have Australian shares bought through another broker, and want to sell through IG, I would have to first transfer these shares to IG? I understand there are no fees from IG, but would there (generally) be fees from the other broker? and how long would it take for the transfer?

    • finder Customer Care
      LouMay 8, 2017Staff

      Hi Dean,

      Thanks for your questions and for bringing this to our attention.

      Upon checking with IG website, aside from BPAY, you may also deposit your funds for free using Visa and MasterCard debit cards.

      In regards to broker’s fee, it may vary. There are brokers that charge $0 while others may charge a fee.

      Cheers,
      Anndy

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