IG fees have been significantly reduced across several of the broker’s share dealing services.
Among other changes, the trading and investment platform now charges no commission on the trading of US stocks, where it previously charged £10.
It also now charges no commission on the trading of European or Australian shares, where it previously charged 0.10% in these categories.
In addition, IG has lowered its commission for trading UK shares to £3, from the previous level of £8.
The new IG fees apply to customers with a standard pound sterling (GBP) share dealing or ISA account. It does not apply to multi-currency accounts.
There have been no changes to custody fees, FX charges, phone dealing charges or other fees associated with the platform.
Alongside share trading and prime brokerage, London-headquartered IG – which was founded in 1974 – offers CFDs, FX and Spread Betting to more than 300,000 active clients. It offers access to 17,000 tradable markets.
More recently, the broker introduced physical share dealing and smart portfolios for longer-term investors
The Good Money Guide’s latest review of the platform found it provides “ an excellent all-round trading and investing brokerage service”.
It noted: “IG pioneered online trading and financial spread betting for private clients and remains not only one of the largest online trading platforms but also one of the best.
“IG stands out through deep liquidity, high market range and excellent added value such as trading tools and analysis.”
In June IG added Limits and Limit orders to its OTC, or over-the-counter options trading, available to both CFD and spread betting clients using the firm’s desktop platforms or its mobile trading apps.
That came after the group announced that it would shortly launch the tastytrade options brand in the UK, after it paid $1 billion to acquire the US business in 2021.
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
