IG reduces minimum deal sizes for UK spread betting accounts and European CFD accounts

Maria Nikolova

The minimum bet sizes have been lowered on some key indices, commodities, and FX markets.

Online trading major IG Group Holdings plc (LON:IGG) has recently changed the trading conditions for UK spread betting accounts and European CFD accounts.

The broker has informed its clients that it has recently reduced the minimum bet sizes on some key indices, commodities, and FX markets.

For owners of UK spread betting accounts, the change will translate into lower minimum bet sizes for several indices, such as FTSE 100 and EU Stocks 50. These traders will also see reduced deal sizes for US Crude, as well as for six currency pairs, including EUR/USD and EUR/GBP.

Owners of European CFD accounts may benefit from reduced minimum deal sizes on 10 indices such as Wall Street (E1) and France 40.

The conditions are correct as of September 6, 2018, but may change in the future.

The change is likely to be appreciated by those traders who need to enter the trading field more gradually. One of the consequences of reduced minimum deal sizes is the lower risk. This is in line with efforts by IG Group to secure enhanced protection for retail investors.

Let’s recall that the new ESMA rules for CFD offering to retail clients came into effect on August 1, 2018. In a recent update, IG said it believes that enforcing consistent close-out procedures, putting a negative balance protection per account, restricting trading incentives such as bonus offers, and issuing standardised risk warnings would all improve client outcomes.

Regarding the status of its clients, IG noted that clients who were categorised as professional on June 30, 2018, generated over 40% of the Company’s UK and EU revenue in the preceding three months, and the Group continues to expect this proportion to rise to 50%.

Read this next

Retail FX

Eurotrader taps MahiMarkets’ cross-asset trading technology for pricing and risk management

Eurotrader has tapped MahiMarkets’ cross-asset trading technology to manage its pricing and risk management on its fully licensed and regulated retail brokerage operation covering forex, stocks, indices, and commodities. 


STT doubles user base as Sterling OMS adopted by TradeZero, Avenue, Banco C6

Sterling Trading Tech (STT) has announced record growth of its order management system (OMS) offering, doubling its user base throughout the second half of 2022.

Retail FX

CMC Invest announces flexible stocks and shares ISAs amid changes in UK policy

In addition to a flexible ISA, the Plus plan provides members with a USD currency wallet for their general investment account (GIA), alongside the default GBP wallet that comes with all CMC Invest accounts. This means users will hold both a GBP wallet and a USD wallet. Saving customers money on FX fees.

Executive Moves

The Trading Pit snatches Skilling Daniela Egli from Skilling to lead Cyprus operation

“We feel privileged to have Daniela join The Trading Pit and bring her extensive expertise to our prop trading firm. We are confident in The Trading Pit’s ambition to provide the ultimate global trading environment for talented traders to enhance their skills and eventually become professional fund managers.”

Industry News

Worldpay taps SheerID to allow merchants to better target their audiences

SheerID verifies over 2.5 billion people via 20,000 authoritative data sources; provides global insights from hundreds of the world’s leading brands, and never shares or sells customer data.

Crypto Insider

Cardano (ADA) Price For 2022-23: Buy Cardano With NAGAX

Cardano (ADA) is probably one of the most renowned and well-known cryptocurrencies out there at the moment and is currently available on the majority of the crypto exchanges and platforms in the market.

Retail FX

ACY Securities recognized by Salvation Army NSW for its support to charity work

““Sitting in the backyard of those family friends, to see the devastation the floods had brought, was a real eye-opener, and a testimony to the Salvos who were on the ground helping every one of those in need during the recent NSW floods.”

Executive Moves

BNP Paribas announces senior executives of Global Markets Americas division

French bank BNP Paribas has appointed several senior executives to its Global Markets Americas division, demonstrating its ambition to grow its Global Equities, Global Credit, and Global Macro franchises in the region. 


Match-Trade expands partnership with Takeprofit Tech

California-based FX technology provider Match-Trade Technologies has expanded its partnership with fintech software developer Takeprofit Tech.