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IG Markets - Australian, US, & UK Shares $0 Commission, 0.7% Foreign Exchange Fee on International Trades

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IG Markets - Australian, US, & UK Shares $0 Commission, 0.7% Foreign Exchange Fee on International Trades
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Sweetnsour on 27/07/2025 - 06:37 ig.com (517 clicks)
Last edited 27/07/2025 - 09:00 by 1 other user

IG Markets new lower rates (ongoing)

New $0 Australia share trading buying and selling. (Previously $5-8 per trade) and ongoing $0 commission on international shares (0.7% foreign fees). Their fee structure is moving to "Hood" style.

Note other fees exist (so thats where they may get you), eg that if you transfer out of IG into another broker there is a $10/$50 fee or if you dont fill in a W8Ben form for US shares, you get a $50 fee. If you want to attend an AGM there's a $150 fee.

Investing involves risks. Please do your own due diligence

Reminder: Referral links are not allowed to be posted.

Referral Links

Referral: random (38)

Referrer gets $50 for share trading and $250 for CFD after 5 qualifying transactions.

Financial Foreign Exchange Investment Share Trading

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Comments

  • Slo20 on 27/07/2025 - 07:22
    +38

    Not CHESS sponsored. Some might not care but worth noting.

    • jaygee on 27/07/2025 - 16:15

      Why does this matter?

      • Deal Or-No Deal on 27/07/2025 - 16:37
        +2

        If you only have a few thousand dollars invested, you may want to take the risk but when you're dealing with equity worth of hundreds of thousand of dollars you may want to think twice. When things go south, you'd wish it was a CHESS sponsored broker.

      • scorpiovegas on 27/07/2025 - 16:44
        +2

        The shares you buy won't be registered in your name as they are with normal brokers.

        This introduces counter-party risks if e.g IG Markets gets into financial stress

    • chintu123 on 28/07/2025 - 01:00
      +1

      But are international shares of US stock exchange CHESS sponsored by anyone else? CMC?

  • bigpoppa on 27/07/2025 - 07:29
    +11

    Standard bank transfer $0

    Same-day bank transfer $15* with a minimum requirement of $2000 (withdrawals in other currencies may have other charges)

    International bank transfer $15* or equivalent in local currency for withdrawals

    Additional services** $150*

    Account documentation fee We charge a US$50 fee on accounts which have not supplied a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade on a US-incorporated stock. We do not apply this fee to accounts with up-to-date documentation or accounts which have not entered into qualifying trades. We will notify you if you have entered into a qualifying trade and need to complete a form.

    Live price data feeds Obtaining live share prices from an exchange, whether that's to trade share CFDs or buy and sell shares via a share trading account, incurs a monthly fee*. The exchange fees are visible on the data feed options, in My IG settings.

    ProReal time charts Subscribing to ProRealTime, an advanced charting package, costs $40* per month. This is refunded if you place four or more trades a month. We reserve the right to charge you for the service if your qualifying trades are of an extremely low value.

    Transfer out of stocks A$10 per line for broker-sponsored transfer for AU shares and ETFs

    $50 per line for listed shares or $66 per line for Delisted/suspended shares*** for issuer-sponsored transfer

    *Charges are inclusive of GST for Australian residents.
    **Additional services include but not limited to the following optional services: Arranging AGM attendance and receiving hard copies of company reports.
    *** Please note that we cannot guarantee the ability to transfer delisted/suspended shares. Fees and stock acceptance depend on our custody confirmation.

  • Gormalagoo on 27/07/2025 - 07:48

    Better than selfwealth?

    • mrvaluepack on 27/07/2025 - 07:52
      +4

      chess vs no-chess

    • Asti on 27/07/2025 - 08:24
      +1

      Self wealth is pretty uncompetitive these days, but I would say no.

    • impoze on 27/07/2025 - 08:57
      +12

      CMC Markets (CHESS sponsored) has no fee for first <$1K each day per listing.

      Good for DCA

      • BluebirdV on 28/07/2025 - 09:22

        Is CMC just as safe as Comsec or NAB if things go South for the company? Is there any chance of that happening bar WW3?

  • M00Cow on 27/07/2025 - 07:52
    +6

    more robbing then hood.

  • scaryspace on 27/07/2025 - 09:30
    +7

    Still don't see anything better than what IBKR offers. FX is still their strongest leg up for big non-AUD traders. Their biggest downside (IMHO) is their lack of user-friendliness for novices, (when trading foreign securities with AUD you get plenty of emails regarding the currency exchange taking place) but as far as I'm aware, IG is the same target demographic, and would be similarly as complex for beginners.

    • star-ggg on 27/07/2025 - 10:28

      Is there a price feed fee for trading NYSE?

      • scaryspace on 27/07/2025 - 11:20

        I don't know what you're referring to exactly, but I hold NYSE securities without any other fees for the data. I believe you can pay more for level 2 (?) data, but I haven't found the need for any other feeds from ibkr.

    • muwu on 27/07/2025 - 11:45
      +1

      IBKR (Interactive Brokers) appears to remain the obvious choice for Australian investors buying on NYSE and international, not sure this (IG) has a competitive FX…

      • JimmyJohnson on 27/07/2025 - 12:01

        1.Creating a wise account,

        2.Opening a US account on wise

        3.Transferring from my australian bank account to my australian wise account

        4.Tansferring from my australian wise account to my US wise account

        5.Transferring from US wise account to my charles schwab trading account

        Thats my method.

        • scaryspace on 27/07/2025 - 12:19
          +2

          This is what I was originally considering doing, but in the end, I couldn't really see any upside over just doing aus IBKR and copping a couple of dollars (quite literally) in FX fees that I'm not sure you'd make up going via Wise

        • muwu on 27/07/2025 - 12:23

          Thanks for sharing.

          I can read up on that. Some questions that come immediate to mind:

          What's the outcome on the AUD:USD exchange?

          What accounting and tax implications are there for holdings US domiciled accounts as a foreign citizen?

          What are the comparative fees associated for those accounts?

        • Elliottt on 27/07/2025 - 12:23
          +3

          IBKR is generally cheaper than Wise for FX, especially for large amounts and even more so when using the FX trading function vs the built-in currency conversion.

          It’s usually a better rate than Wise, and a $2 fee for anything under $1MM.

          They also allow direct bank deposit of AUD via BSB/Acct# to their local HSBC bank account. Not instant but usually same-day to hit the broker account.

          • daffyd on 27/07/2025 - 19:35

            @Elliottt: Anyone know if IBKR has simplified their KYC / added electronic ID verification or still require certified copies of IDs, etc?

            • Elliottt on 27/07/2025 - 23:45

              @daffyd: I don’t recall ever having to get certified copies of any ID docs. I think they accepted photos of passport / drivers license for me previously. Worth checking again?

            • scaryspace on 29/07/2025 - 15:10

              @daffyd: Definitely didn't need certified copies, but they do ask and look in to your claimed financial background more so than other brokers in my experience (and thus takes a couple days to be approved, rather than Stake being near instant)

          • JimmyJohnson on 31/07/2025 - 20:54

            @Elliottt: So ive been looking into ibkr more and what do you mean by using the fx trading function? Do you mean if i have an aud cash balance and go to buy US shares it will automatically convert my aud to usd to buy those shares and wont charge me a fee for doing so?

  • WoodYouLikeSomeCash on 27/07/2025 - 09:34

    Their fee structure is moving to "Hood" style.

    HOOD has terrible fills.

    • Sweetnsour on 27/07/2025 - 14:00

      I was referring to zero brokerage trades. But as they say when its free…youre the product

  • Deal finder on 27/07/2025 - 09:46

    Which is the best platform for asx trades?

    • cmoddoo on 27/07/2025 - 09:57

      Probably CMC Invest or Pearler
      Both have pros and cons
      If you want CHESS sponsored

      If you don't mind non-CHESS sponsored there are other options

      • youknow64 on 27/07/2025 - 10:23
        +1

        why not Webull? also CHESS, sponsored, $0 fee for ETF

        • Grandslam on 27/07/2025 - 13:11
          -2

          Chinese-owned?

        • cmoddoo on 28/07/2025 - 18:18

          Cool, I'm not familiar with them.

    • bohn on 27/07/2025 - 12:07
      -1

      use stake, transfer shares in from another broker (over 1k worth) and get free trades for a year.

      https://hellostake.com/au/transfer/aus

      • Sweetnsour on 27/07/2025 - 14:01

        Can you get this ongoing years after year with annual another broker transfer?

        • bohn on 27/07/2025 - 14:22

          no you can only do it once

          • Sweetnsour on 27/07/2025 - 17:48

            @bohn: Thanks for replying. I was hoping something with zero brokerage to dollar cost average into positions.

  • 50cent on 27/07/2025 - 10:18
    +1

    Stake seems better - esp with the app and interface e

    • plmko on 27/07/2025 - 10:26
      +1

      Be prepared for them to go into "technical issues" at the most crucial time to trade. You get what you pay for.

      • DingoBilly on 27/07/2025 - 11:52
        +2

        I've been using them for 2 years and have no clue what you're talking about.

      • valleyrain on 27/07/2025 - 12:03

        Agreed. During the days of market crash after the Liberation Day tariffs, their app was sloppy and people missed out on buying during the lows. There were posts on /r/StakeStockTraders about it as well. Hopefully, they have learnt from the experience.

  • Grandslam on 27/07/2025 - 13:12

    Anyone know which online brokers allow you to do trailing stops? I know selfwealth doesn't

    • scorpiovegas on 27/07/2025 - 16:48

      CMC Invest does

    • rabbit71 on 27/07/2025 - 22:10

      IG has trailing stops for FX. Not sure of other markets.

  • raiseyoursteaks on 27/07/2025 - 22:46

    IG going to launch crypto trading soon. Not sure how that's going to pan out

  • seug123 on 27/07/2025 - 22:50

    insta

  • Ryanmyo on 28/07/2025 - 14:01

    Quick canvasing of ppl's favourite CFD provider?

    • a1234my on 28/07/2025 - 17:40

      CFD for long holding?

    • cmoddoo on 28/07/2025 - 18:19

      Quick way to lose money CFD?

    • a1234my on 28/07/2025 - 20:05

      Use ig and ibkr

  • ShadowSaver on 28/07/2025 - 14:57

    DMA?

  • WoodYouLikeSomeCash on 29/07/2025 - 01:36

    I use Stake for AU then Moomoo for US stocks/options. Best combo out there IMO.

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