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 MT4 product details?

Our forex  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:               

  • Minimum spread – our tightest possible spread         
  • Average spread – the average spread over a given period of time

     

  • Major
  • Minor
  • Australasian
  • Exotic
  • Scandinavian
  • Notes to tables

Major pairs

Currency Pair [1]

Value per pip [2]

Minimum spread

Average spread3

Minimum requirement [4]

AUD/USD

$10

0.6

0.76

2%

EUR/CHF

CHF10

2

2.32

5%

EUR/GBP

£10

0.9

1.141

2%

EUR/JPY

Y1000

1.5

1.99

2%

EUR/USD

$10

0.6

0.7

2%

GBP/JPY

Y1000

2.5

2.96

2%

GBP/USD

$10

0.9

1.28

2%

USD/CAD

C$10

1.7

2.39

2%

USD/CHF

CHF10

1.5

1.88

5%

USD/JPY

Y1000

0.7

0.83

2%

 

Minor pairs

Currency Pair [1]

Value per point [2]

Minimum spread

Average Spread [3]

Minimum requirement [4]

CAD/CHF CHF10 2.5 2.96 5%
CAD/JPY Y1000 2.5 3.41 5%
CHF/JPY Y1000 2 2.54 5%
EUR/CAD CAD10 3 4.11 5%
EUR/SGD SGD10 5 5.79 5%
GBP/CAD CAD10 3.5 4.73 5%
GBP/CHF CHF10 3 3.80 5%
GBP/SGD SGD10 8 9.89 5%
SGD/JPY Y1000 4 5.12 5%
USD/SGD SGD10 3 3.38 5%

 

Australasian pairs

Currency Pair [1] Value per pip [2] Minimum spread Average spread [3] Minimum requirement [4]
AUD/CAD CAD10 2 2.68 5%
AUD/CHF CHF10 2.5 2.79 5%
AUD/JPY Y1000 1.3 1.77 5%
AUD/NZD NZD10 3 3.18 5%
AUD/SGD SGD10 5 6.60 5%
EUR/AUD AUD10 1.8 2.29 5%
EUR/NZD NZD10 3 4.05 5%
GBP/AUD AUD10 1.9 4.39 5%
GBP/NZD NZD10 5 6.75 5%
NZD/CHF CHF10 4 5.34 5%
NZD/JPY Y1000 2.5 2.96 5%
NZD/USD $10 2 2.4 5%

Exotic pairs

Currency Pair [1] Value per pip [2] Minimum spread Average spread [3] Minimum requirement [4]
CHF/HUF HUF1000 30 39.24 5%
EUR/HUF HUF1000 25 40.28 5%
EUR/MXN MXN10 90 146.17 5%
EUR/PLN PLN10 25 45.43 5%
EUR/ZAR ZAR10 150 200 5%
GBP/HUF HUF1000 30 41.35 5%
GBP/MXN MXN10 130 176.36 5%
GBP/PLN PLN10 30 49.66 5%
GBP/ZAR ZAR10 200 250 5%
USD/HUF HUF1000 25 39.13 5%
USD/MXN MXN10 50 74.62 5%
USD/PLN PLN10 25 32.10 5%
USD/ZAR ZAR10 90 130 5%

 

Scandinavian pairs

Currency Pair [1] Value per pip [2] Minimum spread Average spread [3] Minimum requirement [4]
CAD/NOK NOK10 50 65.33 5%
CHF/NOK NOK10 40 59.06 5%
EUR/NOK NOK10 25 38.45 5%
EUR/SEK SEK10 30 39.15 5%
GBP/NOK NOK10 50 78.77 5%
GBP/SEK SEK10 50 76.07 5%
NOK/SEK SEK10 10 12.42 5%
USD/NOK NOK10 25 35.72 5%
USD/SEK SEK10 25 32.23 5%

Foreign exchange CFDs are a form of cash-settled trades 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 22.00 (London time) on Sunday until 21.59 (London time) on Friday. All dealing times listed are London times.

2. The minimum transaction size is 0.1 contracts.

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. Margin requirements represent a percentage of the overall position value.

5. When you trade in a currency other than your default currency, your profit or loss will be realised in that currency. Our standard convert-on-close charge is 0.3%.

6. For foreign exchange transactions, 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% 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).

7. You will not be charged any additional commission unless notified in writing.

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