IG trading allows a $300 minimum deposit for card payment, and there is no minimum for a bank transfer. Depending on the deposit method, it can take anywhere from 10mins to 7 business days for a deposit. The Broker offers the fastest transactions 24/5 during working hours. The company does not charge any fees for deposits.
Read: IG review
You may pick from six different base currencies at this Broker.: USD, GBP, AUD, EUR, SGD, and HKD. You cannot choose your account base currency when you open an account. Only by sending an email to the company’s Customer Service can you change the base currency of your account. It would be preferable to choose your account base currency when you first set up your account.
Once it’s set, any deposit you make from anywhere in the world will be converted to the account’s default currency. For example, you live in UAE, your account’s default currency is USD. When you deposit any dirhams from your desired payment method, you get a converted amount of USD. Keep in mind that the current conversion rate on currencies is applied while depositing. So checking the conversion rate from your local currency to the account’s currency before making a deposit may be a good idea.
The Broker offers a variety of accounts for its clients:
- Trading account
- Professional account
- Options Trading Account
- Turbo24 account
- Limited Risk Account
- Share Dealing account
- Exchange account (NADEX)
- Islamic Account for UAE clients
Commissions, fees, margin calls, leverage, and minimum deposits are different for each account type.
The Broker offers a wide range of payment options. So clients from all over the world can choose from various payment options and make a deposit. However, the minimum deposit requirement also varies for different payment options.
If you want to use bank transfers to deposit, you can use one of the following methods:
- Internet Bank Transfer (FAST payments only)
- Telegraphic Transfer (T.T.)
- Corporate PayNow (UEN Payments)
Standard Chartered Bank
You can also use your Standard Chartered Bank account to deposit. There are two methods:
- Bill payment options in online banking
- Standard Chartered Cheque
The company allows two types of cards for deposits:
- Master Card
- Visa Card
IG trading allows deposits from the following alternative methods such as E-wallets:
The Broker allows different minimum deposits for each payment method. See the table:
|Payment Option||Min. Deposit||Deposit Fees||Processing Time|
|Internet Bank Transfer||$1||No Fees||Within a day on weekdays|
|Telegraphic Transfer||$1||No Fees||2-3 working days|
|Corporate PayNow (UEN Payments)||$1||No Fees||Within a day on weekdays|
|Bill payment option||$1||No Fees||Up to 10 minutes|
|Standard Chartered Cheque||$1||No Fees||Up to 10 minutes|
|Master Debit Card||$300||No Fees||Up to 10 minutes|
|Visa Debit Card||$300||No Fees||Up to 10 minutes|
|Master Credit Card||$300||0.50%||Up to 10 minutes|
|Visa Credit Card||$300||1%||Up to 10 minutes|
|PayPal||$1||1%||Up to 10 minutes|
|BPay||$1||No Fees||Up to 10 minutes|
The Broker also has a predefined minimum deposit in different currencies:
How to Deposit
Before you can deposit and start trading, You need to verify your identity and address by providing two types of proof:
1: Proof of Identity
- Driving licence
2: Proof of Address
You can provide one of the following documents from the last six months for address verification:
- Utility bill
- Bank statement
- Credit card bill
To deposit funds:
1. log in to My IG.
2. Click ‘Deposit funds’ next to the account you’d like to deposit into.
3. Select payment option
4. Select the amount
5. Follow the instructions to complete the deposit
Sign up Bonuses
Unfortunately, the Broker does not offer any signup bonus at this time. However, it provides partnership and referral promotions.