IG Singapore Launch Offers 3% Interest on Shares

IG Singapore launch introduces a new brand offering 3% interest on shares and ETFs, expanding beyond CFDs. The firm’s Singapore division has introduced a new brand, IG Markets, which offers investors an annual 3 per cent interest on shares and exchange-traded funds (ETFs) held on its platform, the company confirmed.

IG Singapore Launch Aims to Redefine Investor Returns

The development follows remarks by Gavin Chia, CEO of IG Singapore, who recently stated plans to grow the company’s investment services beyond its traditional contracts for difference (CFD) products. While most investment platforms provide interest on idle cash balances, IG’s “interest on shares” initiative is seen as an innovative move.

“In an environment where interest rates are softening, investors are looking for new ways to stretch their dollar,” Chia said.

However, how IG will benefit from providing 3 per cent interest on shares and ETFs remains uncertain. The program—described by IG as a standard offer rather than a promotion—will apply to holdings of up to S$50,000, without any minimum deposit or lock-in period, provided investors make at least one trade per month.

Under the IG Markets brand, Singaporean investors will gain access not only to the domestic market but also to major international markets, including the United States, United Kingdom, Hong Kong, and Japan.

Global Diversification Drive

Based in London, IG continues to broaden its product portfolio globally, moving beyond its core CFD business. The group is increasingly venturing into cryptocurrencies, offering physical crypto trading through third-party partners, acquiring a licensed crypto exchange in Australia and Singapore, and securing regulatory approval in the UK to provide crypto services directly.

Although IG reported a slight dip in trading revenue during the first quarter of the current fiscal year, its customer numbers are growing steadily. Notably, regional revenues from APAC and the Middle East—historically strong markets for IG—fell by 18 per cent, reflecting a mixed performance amid its diversification strategy.

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