CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

What are IG's forex CFD product details?

Spreads from 0.6 pips on a popular range of currency pairs

Our forex CFDs spreads are variable depending on underlying market prices. In most conditions we can usually offer our minimum spread, but when market prices go wider, our spread will increase. Market prices can get wider at illiquid times of day, or when major news or economic data is released. In the tables below you will find our minimum spreads and our average spread for a given period:

  • Average spread – the average spread over a given period of time
  • Minimum spread – our tightest possible spread
  • Major
  • Minor
  • Australasian
  • Scandinavian
  • Exotic
  • Emerging
  • Notes to table

Major

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1]

Value per pip [2]

Minimum Spread

Average Spread [3]

Limited Risk Premium [4]

Margin Required [5]

Standard

Mini

Retail

Professional

AUD/USD

$10

$1

0.6

0.76

0.8

2%

0.5%

EUR/CHF

CHF10

CHF1

2

2.32

n/a

5%

1.5%

EUR/GBP

£10

£1

0.9

1.14

2

2%

1%

EUR/JPY

Y1000

Y100

1.5

1.99

1.5

2%

0.5%

EUR/USD

$10

$1

0.6

0.70

1.2

2%

0.5%

GBP/EUR

€10

€1

2

2.36

1.5

2%

1%

GBP/JPY

Y1000

Y100

2.5

2.96

2

2%

1%

GBP/USD

$10

$1

0.9

1.28

2

2%

1%

USD/CAD

C$10

C$1

1.7

2.39

1

2%

0.5%

USD/CHF

CHF10

CHF1

1.5

1.88

2

5%

1.5%

USD/JPY

Y1000

Y100

0.7

0.83

1.5

2%

0.5%

 

Minor

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1]

Value per pip [2]

Minimum Spread

Average spread [3]

Limited Risk Premium [4]

Margin Required [5]

Standard

Mini

Retail

Professional

CAD/CHF

CHF10

CHF1

2.5

2.96

2

5%

1.5%

CAD/JPY

Y1000

Y100

2.5

3.41

1.5

5%

0.5%

CHF/JPY

Y1000

Y100

2

2.5

3

5%

1.5%

EUR/CAD

C$10

C$1

3

6

3

5%

0.5%

EUR/SGD

SGD10

SGD1

5

8

4

5%

0.75%

EUR/ZAR

ZAR10

ZAR1

150

194.31

100

5%

2.5%

GBP/CAD

C$10

C$1

3.5

4.73

7

5%

1%

GBP/CHF

CHF10

CHF1

3

3.80

4

5%

1.5%

GBP/SGD

SGD10

SGD1

8

9.89

8

5%

1%

GBP/ZAR

ZAR10

ZAR1

200

255.92

150

5%

2.5%

SGD/JPY

Y1000

Y100

4

5.12

3

5%

0.75%

USD/SGD

SGD10

SGD1

3

3.38

2

5%

0.75%

USD/ZAR

ZAR10

ZAR1

90

127.25

200

5%

2.5%

 

Australasian

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1]

Value per pip [2]

Minimum Spread

Average Spread [3]

Limited Risk Premium [4]

Margin Required [5]

Standard

Mini

Retail

Professional

AUD/CAD

C$10

C$1

2

2.68

2

5%

0.5%

AUD/CHF

CHF10

CHF1

2.5

2.79

2

5%

1.5%

AUD/EUR

EUR10

EUR1

1.5

2.78

3

5%

0.5%

AUD/GBP

£10

£1

1.5

2.93

2

5%

1%

AUD/JPY

Y1000

Y100

1.3

1.77

1.5

5%

0.5%

AUD/NZD

NZD10

NZD1

3

3.18

5

5%

0.75%

AUD/SGD

SGD10

SGD1

5

6.60

4

5%

0.75%

EUR/AUD

AUD10

AUD1

1.8

2.29

4

5%

0.5%

EUR/NZD

NZD10

NZD1

3

4.05

7

5%

0.75%

GBP/AUD

AUD10

AUD1

1.9

4.39

5

5%

1%

GBP/NZD

NZD10

NZD1

5

6.75

20

5%

1%

NZD/CHF

CHF10

CHF1

4

5.34

3

5%

1.5%

NZD/EUR

EUR10

EUR1

1.5

1.98

3

5%

0.75%

NZD/GBP

£10

£1

2

3

2

5%

1%

NZD/JPY

Y1000

Y100

2.5

2.96

3

5%

0.75%

NZD/USD

$10

$1

2

2.4

2

5%

0.75%

NZD/CAD

C$10

C$1

3.5

4.86

2

5%

0.75%

Scandinavian

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1]

Value per pip [2]

Minimum Spread

Average Spread [3]

Limited Risk Premium [4]

Margin Required [5]

Standard

Mini

Retail

Professional

CAD/NOK

NOK10

NOK1

50

65.33

80

5%

0.75%

CHF/NOK

NOK10

NOK1

40

59.06

60

5%

1.5%

EUR/DKK

DKK10

DKK1

10

14.61

200

5%

5%

EUR/NOK

NOK10

NOK1

25

38.45

40

5%

0.75%

EUR/SEK

SEK10

SEK1

30

39.15

40

5%

0.75%

GBP/DKK

DKK10

DKK1

30

44.20

45

5%

5%

GBP/NOK

NOK10

NOK1

50

78.77

60

5%

1%

GBP/SEK

SEK10

SEK1

50

76.07

100

5%

1%

NOK/SEK

SEK10

SEK1

10

12.42

12

5%

0.75%

USD/DKK

DKK10

DKK1

15

19.77

20

5%

5%

USD/NOK

NOK10

NOK1

25

35.72

40

5%

0.75%

USD/SEK

SEK10

SEK1

25

32.23

60

5%

0.75%

 

Exotic

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1]

Value per pip [2]

Minimum Spread

Average Spread [3]

Limited Risk Premium [4]

Margin Required [5]

Standard

Mini

Retail

rofessional

CHF/HUF

HUF1000

HUF100

30

39.24

50

5%

1.5%

EUR/CZK

CZK100

CZK10

25

27.45

50

5%

5%

EUR/HUF

HUF1000

HUF100

25

4.28

50

5%

1.5%

EUR/MXN

MXN10

MXN1

90

146.17

200

5%

2.5%

EUR/PLN

PLN10

PLN1

25

45.43

60

5%

1.5%

EUR/TRY

TRY10

TRY1

15

21.65

15

5%

2.5%

GBP/CZK

CZK100

CZK10

30

32.51

50

5%

5%

GBP/HUF

HUF1000

HUF100

30

41.35

50

5%

1.5%

GBP/MXN

MXN10

MXN1

130

176.36

100

5%

2.5%

GBP/PLN

PLN10

PLN1

30

49.66

40

5%

1.5%

GBP/TRY

TRY10

TRY1

20

31.24

20

5%

2.5%

MXN/JPY

JPY1000

JPY100

0,6

0,84

1,5

5%

2,5%

NOK/JPY

JPY1000

JPY100

1

1,22

1

5%

0,75%

PLN/JPY

JPY1000

JPY100

2

2,82

3

5%

1.5%

SEK/JPY

JPY1000

JPY100

0,9

1,23

1

5%

0,75%

TRY/JPY

JPY1000

JPY100

5

6.33

8

5%

2.5%

USD/CZK

CZK100

CZK10

25

25.71

50

5%

5%

USD/HUF

HUF1000

HUF100

25

39.13

50

5%

1.5%

USD/MXN

MXN10

MXN1

50

74.62

60

5%

2.5%

USD/PLN

PLN10

PLN1

25

32.10

40

5%

1.5%

USD/TRY

TRY10

TRY1

15

18.64

10

5%

2.5%

 

Emerging

Emerging markets pairs are either quoted based on the spot market (Spot FX) or 1-month non-deliverable forward prices (EMFX). For every pair we offer both a full contract and a mini contract. Spot FX contracts are priced in the pair's second named currency, but EMFX contracts are only priced in US Dollars, Japanese Yen or Sterling.

Currency Pair [1]

Value per pip [2]

Minimum Spread

Average Spread [3]

Margin Required [5]

Dealing Hours
 

Standard

Mini

Retail

Professional

AUD/CNH

CNH10

CNH1

20

2.39

5%

2.5%

24 hours

CNH/JPY

¥1000

¥100

0.8

1.51

5%

2.5%

24 hours

EUR/CNH

CNH10

CNH1

30

41.77

5%

2.5%

24 hours

EUR/RUB

RUB10

RUB1

2000

3043.68

5%

5%

10.00-20.00

USD/CNH

CNH10

CNH1

10

14.14

5%

2.5%

24 hours

 EMFX USD/RUB ($10 Contract) 

RUB10

RUB1

1600

2498.40

5%

5%

01.00-20.00

EMFX GBP/INR

£10

£1

35

38.59

5%

5%

04.30-midnight

EMFX USD/BRL

$10

$1

30

40.60

5%

5%

16.05-01.00

EMFX USD/INR

$10

$1

20

20.67

5%

5%

04.30-midnight

EMFX USD/IDR

$10

$1

80

94.25

5%

5%

07.30-midnight

EMFX USD/KRW

$10

$1

100

183

5%

5%

04.00-midnight

USDMYR

$10

$1

100

149.82

5%

5%

04.30-midnight

EMFX USD/PHP

$10

$1

15

19.65

5%

5%

04.30-midnight

EMFX USD/TWD

$10

$1

80

147.93

5%

5%

04.30-midnight

NZD/CNH (mini)

CNH10

CNH1

15

17.5

5%

2.5%

24 hours

 

GBP/CNH

CNH10

CNH1

35

42.5

5%

2.5%

24 hours

 

CAD/CNH

CNH10

CNH1

15

17.5

5%

2.5%

24 hours

 

CNH - Chinese renminbi (yuan) - offshore
BRL - Brazilian real
INR - Indian rupee
IDR - Indonesian Rupiah
KRW - South Korean won
MYR - Malaysian ringgit
PHP - Philippine peso
TWD - Taiwan dollar
RUB - Russian ruble

 

Our foreign exchange transactions are a special form of cash-settled CFD that provide exposure to changes in exchange rates, but cannot result in the delivery of the underlying currencies.

1. Normal dealing hours for all pairs are from 21.00 (London time) on Sunday until 21.59 (London time) on Friday, with the exception of emerging-market pairs, which operate on different schedules. All dealing times listed are London times. Please note that Daylight Savings Time in the UK or the country of origin may cause the times shown to be imprecise.

2. The minimum transaction size is one contract. Transactions above this minimum size, can be in fractions of a contract.

3. Spreads are subject to variation, especially in volatile market conditions. Our quotations are derived from quotes in the underlying market available to us from the banks and liquidity providers with which we trade. We monitor the liquidity available in the underlying market, offering our minimum spread when the market spread is particularly small. In most other conditions, our typical spread applies. If spreads move wider in the underlying market, we may match this. We do not apply any weighting or biases to our pricing sources.

4. For limited-risk transactions a limited-risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

5. Margin requirements represent a percentage of the overall position value. You can find the tiered margins from the Get Info dropdown section within each market in our trading platform. Please note that higher margins may be required for large positions. Please see our tiered margining page for more details.

6. When you trade in a currency other than your default currency, your profit or loss will be realised in that currency. As standard practice, we will then immediately convert this back to your default currency. You can change this at any time via the trading platform.

7. For foreign exchange transactions (excluding bitcoin), adjustments are made to calculate the cost of funding a position, and these are posted to your account daily. The adjustments are calculated as follows:

A = V x R

Where:
A = the funding cost
V = the number of contracts x contract size
R = the current tom-next rate, including an administrative charge not exceeding 0.3% (0.8% for mini contracts) per annum.

If the tom-next rate is less than zero, you will be debited for running a short position and credited for running a long position. If the tom-next rate is greater than zero, you will be credited for running a short position and debited for running a long position.

The funding charge is calculated for any position opened before 22.00 that is still open after 22.00 (London time).

Note: For any position opened before 22.00 Wednesday that is still open after 22.00 Wednesday, the daily interest credit or debit will be made for three days as opposed to one. This three-day adjustment covers settlement of trades over the weekend period. This will not always apply to emerging-market pairs. Emerging pairs are priced using one-month pricing, so the funding charge for these will depend on the three-day adjustment that is made in the underlying market.

8. On FX markets where a commission is charged we will not charge additional commission unless we notify you in writing.

 

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