How are IGM’s Products Priced?

The average value of its constituent stocks which are future grouped by Geographical Area or Business Types.

Cash Price is a synthetic price which is derived by applying the relevant fair value to the price of the front month future contract (most liquid) then wrapped IG spread around it.

For additional product details, kindly refer to the webpage here: link
​

We derive our spot FX price from several bank feeds, we qualitatively assess feeds using a wide range of variables to determine the bid/ask price and then wrap our spread around it. Clients need to be aware that they are trading on our prices, therefore they will be filled accordingly.

For additional product details, kindly refer to the webpage here: link

We offer mini contracts for forex to keep things simple. With a single contract size across all forex pairs, it is easier for you to understand and calculate your potential profits and losses.

Every pip movement has a straightforward and consistent value, so you can focus on your trade rather than working out contract denominations.

Prices for commodity cash CFDs are synthetically created using the two most liquid futures contracts. This will result in a natural movement between these two contract prices and will be included in overnight funding adjustments. You'll then either be debited or credited depending on if you're long or short, and whether the next future contract price is higher or lower.

Commodity funding is based on the market cost of carry, plus an admin fee of 3% per annum.

The ‘front month contract’, the one with the closest expiry date, is labelled ‘A’ in our diagram. The one with the second-nearest expiry date is called the ‘back month contract’ and is labelled ‘B’.

In between these two expiry points, our price gradually moves from the price of ‘A’ towards the price of ‘B’. The price of ‘B’ can be higher or lower than the price of ‘A’.

As with all of our spot markets, you'll pay to hold your position overnight. Due to how our spot commodities are priced, we apply an overnight adjustment – split into two aspects. The first of these is a nightly basis adjustment, which reflects a day’s movement of our spot price from the earlier future contract to the later one. The second is our 3% annual admin fee.

The difference in price between two contracts is dependent on the commodity and market conditions and can vary substantially. When the difference between these underlying futures prices is amplified, the number of points our market would move daily also increases. As such, we increase the adjustment.

It is important to note that the increase only relates to the adjustment. This is a response to market conditions, like a dividend adjustment on an index, rather than a charge. The only aspect of the adjustment which is a charge is our admin fee, which remains at 3% for standard CFD contracts regardless of market conditions.

For additional product details, kindly refer to the webpage here: link

Cost currency is determined by the currency of the underlying asset for CFDs. ARR is calculated according to the currency of the underlying instrument.

IG publishes weekly interest rates used to calculate the overnight funding rates (per annum) for Shares & ETFs.

For additional product details, kindly refer to the webpage here: link