Your capital is at risk. CFDs can result in losses that exceed your initial deposit. Please ensure you fully understand the risks involved.

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

For every pair, one contract = 100,000 of the first-named currency.

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

Major pairs

Currency Pair [1]

Value per point [2]
(CFDs)

Minimum spread

Average Spread* [3]

Minimum requirement [4]

AUD/USD

$10

0.6

0.75

0.5%

EUR/CHF

CHF10

2

2.30

1.5%

EUR/GBP

£10

0.9

1.17

1%

EUR/JPY

Y1000

1.5

1.96

0.5%

EUR/USD

$10

0.6

0.75

0.5%

GBP/JPY

Y1000

2.5

3.04

1%

GBP/USD

$10

0.9

1.34

1%

USD/CAD

C$10

1.7

2.50

0.5%

USD/CHF

CHF10

1.5

2.04

1.5%

USD/JPY

Y1000

0.7

0.86

0.5%

 
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017. For our minimum spreads, please see our forex CFD and MT4 details.

Minor pairs

Currency Pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Minimum requirement [4]

CAD/CHF

CHF10

2.5

3.16

1.5%

CAD/JPY

Y1000

2.5

3.61

0.5%

CHF/JPY

Y1000

2

2.76

1.5%

EUR/CAD

CAD10

3

4.25

0.5%

EUR/SGD

SGD10

5

6.19

1%

GBP/CAD

CAD10

3.5

4.74

1%

GBP/CHF

CHF10

3

3.98

1.5%

GBP/SGD

SGD10

8

10.42

1%

SGD/JPY

Y1000

4

5.22

1%

USD/SGD

SGD10

3

3.55

1%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017. For our minimum spreads, please see our forex CFD and MT4 details.

Australasian pairs

Currency Pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Minimum requirement [4]

AUD/CAD

C$10

2

2.78

0.5%

AUD/CHF

CHF10

2.5

2.95

1.5%

AUD/JPY

Y1000

1.3

1.91

1.5%

AUD/NZD

NZD10

3

3.18

0.75%

AUD/SGD

SGD10

5

6.84

0.75%

EUR/AUD

AUD10

1.8

2.61

0.5%

EUR/NZD

NZD10

3

4.02

1%

GBP/AUD

AUD10

1.9

3.64

1%

GBP/NZD

NZD10

5

6.87

1%

NZD/CHF

CHF10

4

5.60

1.5%

NZD/JPY

Y1000

2.5

3.21

1%

NZD/USD

$10

2

2.13

1%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017. For our minimum spreads, please see our forex CFD and MT4 details. 

Exotic pairs

Currency Pair [1]

Value per pip [2]

Minimum spread

Average spread* [3]

Minimum requirement [4]

CHF/HUF

HUF1000

25

39.40

2%

EUR/HUF

HUF1000

20

42.09

2%

EUR/MXN

MXN10

90

186.97

2.5%

EUR/PLN

PLN10

25

45.41

1.5%

GBP/HUF

HUF1000

25

42.33

2%

GBP/MXN

MXN10

130

211.85

2.5%

GBP/PLN

PLN10

30

50.93

1.5%

USD/HUF

HUF1000

20

41.31

2%

USD/MXN

MXN10

50

80.50

2.5%

USD/PLN

PLN10

25

33.51

1.5%

 

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017. For our minimum spreads, please see our forex CFD and MT4 details.

Scandinavian pairs

Currency Pair [1]

Value per pip [2]

Minimum spread

Average spread* [3]

Minimum requirement [4]

CAD/NOK

NOK10

25

65.94

1%

CHF/NOK

NOK10

40

55.77

1.5%

EUR/NOK

NOK10

25

34.27

1%

EUR/SEK

SEK10

30

37.76

1%

GBP/NOK

NOK10

50

76.70

1%

GBP/SEK

SEK10

50

78.55

1%

NOK/SEK

SEK10

6

12.07

1%

USD/NOK

NOK10

25

35.20

1%

USD/SEK

SEK10

25

32.73

1%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017. For our minimum spreads, please see our forex CFD and MT4 details.

Foreign exchange transactions are a 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 20.59 (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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