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IG Share Trading

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The details shown below are for the Share Trading
The details shown below are for the Share Trading (ProRealTime)

Choose the version of this product that suits you best

Name
Share Trading
Share Trading (ProRealTime)
  • Share Trading
  • Share Trading (ProRealTime)
Small trade brokerage with conditions
$8.00
Trades under $8,000
Large trade brokerage with conditions
0.1%
Trades over $8,000
Monthly fee
$0.00
Go to site
Small trade brokerage with conditions
$8.00
Trades under $8,000
Large trade brokerage with conditions
0.1%
Trades over $8,000
Monthly fee
$40.00

Mozo editorial review IG Share Trading - last updated: 16 August 2023

binocular icon
What's hot
  • Access to Australian, US and European markets
  • $0 commission on US and UK shares
  • Live market data
What's not
  • Brokerage costs are higher for infrequent traders
Mozo snapshot

IG is one of the biggest names in the share trading market. Depending on which is greater, you’ll pay as little as $5 or 0.05% of each trade in brokerage costs if you've traded three times or more in the previous month, which is quite low compared to other share trading platforms. Along with the transparent pricing (which increases to $8 or 0.1% if you don't trade that frequently), traders will appreciate the easy to use platform, numerous independent broker reports and market data resources. Plus, you can enjoy other benefits, including no commission on international shares. 

key icon
Key features

When you trade with IG, you’re trading with one of the biggest names in the industry and one of the most popular share trading brokers in Australia, providing access to more than 13,000 shares and ETFs from markets all over the world.

While there’s usually an extra layer of complexity when trading overseas shares in Australian dollars, IG gets around the usual currency conversion problems and associated fees by denominating all indices in AUD.

Brokerage costs have been kept low - you'll pay commission fees of $8 or 0.01% for Australian listed shares and frequent traders who have traded three or more times in the previous month will receive a fee discount (a $5 or 0.05% commission on all domestic shares). Buying and selling US and UK shares comes with no commission. You'll also be glad to know that buying and selling US and UK shares comes with no commission too. 

Plus, IG’s customer support service is available around the clock to handle any problems or inquiries you might have. And the website features a number of resources to help you get your head around trading if you’re a beginner and some pretty comprehensive market analysis tools that the more seasoned trader will appreciate.

As for signing up, you’ll be asked to fill out a registration form (which should take little more than five minutes), and provide basic identification details and proof of residence (e.g. a bank statement or utility bill).

Please Note: This review covers the share trading platform on IG, and does not refer to CFD or other derivative trading.

snapshot
Who is it good for

IG would suit beginner and experienced traders alike, but you’ll get the most value out of it the more you trade, given that brokerage costs are lower for regular traders. And if you’re looking to trade both Australian and overseas stock, IG is one of the more popular options available.

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Any catches

If you’re making a trade over the phone, you should know that brokerage costs can run quite high  $50 per trade to be precise.

Details

Rates and fees information correct as at 31 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees

$8.00

Trades under $8,000

0.1%

Trades over $8,000

$8 or 0.1% of trade value ($5 or 0.05% with at least 3 trades in the previous month), whichever is greater. Phone rate $50 or 0.1%. 0.7% Foreign exchange margin. Shares held in a consolidated HIN under IGs name, ownership remains with share purchaser.

$5 or 0.05% of trade value, whichever is greater when 3 or more trades are made in the previous month.

$0.00

n/a

$0 commission on international shares.

Tools

yes

Features

Crptocurrencies, Forex, Commodities, Indices

no

none

none

Details

Rates and fees information correct as at 31 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees

$8.00

Trades under $8,000

0.1%

Trades over $8,000

$8 or 0.1% of trade value ($5 or 0.05% with at least 3 trades in the previous month), whichever is greater. Phone rate $50 or 0.1%. 0.7% Foreign exchange margin. Shares held in a consolidated HIN under IGs name, ownership remains with share purchaser.

$5 or 0.05% of trade value, whichever is greater when 3 or more trades are made in the previous month.

$40.00

Trade 4 times per quarter using either your share trading or CFD account. Hold no open positions in your share trading account at the end of the quarter.

$0 to US$10 commission on international shares.

Tools

dynamic

yes

Features

none

no

Includes ProRealTime charting package for $40 per month.

none

Customer Reviews

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