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

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Major
Minor
Australasian
Exotic
Scandinavian
Notes to tables

Major pairs

Currency Pair [1]	Value per point [2]	Minimum spread	Average Spread (00:00-21:00)** [3]	Average Spread* [3]	Minimum requirement [4]
EUR/CHF	CHF10	2	2.64	3.04	1.5%
EUR/GBP	£10	0.9	1.40	1.89	1%
EUR/JPY	Y1000	1,5	1.97	2.43	0.5%
EUR/USD	$10	0.6	0.85	1.04	0.5%
GBP/JPY	Y1000	2.5	3.17	3.86	1%
GBP/USD	$10	0.9	1.40	1.83	1%
USD/CAD	C$10	1.3	1.77	2.06	0.5%
USD/CHF	CHF10	1.5	1.99	2.22	1.5%
USD/JPY	Y1000	0.7	0.94	1.18	0.5%
CAD/CHF	CHF10	2.5	3.71	3.95	1.5%
CAD/JPY	Y1000	2	3.05	3.34	0.5%
EUR/CAD	C$10	2.5	3.58	4.13	0.5%
CHF/JPY	Y1000	2	2.63	3.10	1.5%
GBP/CAD	C$10	3	4.92	5.83	1%
GBP/CHF	CHF10	3	4.20	4.84	1,5%

Minor pairs

Currency Pair [1]	Value per point [2]	Minimum spread	Average spread (00:00-21:00)** [3]	Average spread* [3]	Minimum requirement [4]
AUD/USD	$10	0,6	0.82	1.03	0.5%
EUR/SGD	SGD10	4	6.19	7.17	0.75%
EUR/ZAR	ZAR10	150	211.48	232.81	5%
GBP/SGD	SGD10	5	9.20	10.43	1%
GBP/ZAR	ZAR10	200	261.99	283.43	5%
SGD/JPY	Y1000	4	5.10	5.51	1%
USD/SGD	SGD10	3	4.70	5.27	0.75%
USD/ZAR	ZAR10	90	123.53	136.67	5%

Australasian pairs

Currency Pair [1]	Value per point [2]	Minimum spread	Average spread (00:00-21:00)** [3]	Average spread* [3]	Minimum requirement [4]
AUD/CAD	C$10	1.5	2.89	3.40	0.5%
AUD/CHF	CHF10	2	3.00	3.40	1.5%
AUD/JPY	Y1000	1.3	1.79	2.17	0.5%
AUD/NZD	NZD10	2.5	3.20	3.77	0.75%
AUD/SGD	SGD10	3	5.03	5.72	1%
EUR/AUD	AUD10	.8	3.10	3.84	0.5%
EUR/NZD	NZD10	3	4.16	4.94	0.75%
GBP/AUD	AUD10	1.9	4.04	5.10	1%
GBP/NZD	NZD10	5	6.16	7.25	1%
NZD/AUD	AUD1	3.5	4.65	5.27	0.75%
NZD/CHF	CHF10	4	4.19	4.35	1.5%
NZD/JPY	Y1000	2	2.53	2,83	0.75%
NZD/USD	$10	1.8	2.05	2.23	0.75%

Exotic pairs

Currency Pair [1]	Value per point [2]	Minimum spread	Average spread (00:00-21:00)** [3]	Average spread* [3]	Minimum requirement [4]
CHF/HUF	HUF1000	25	39.48	48.86	2%
EUR/HUF	HUF1000	20	41.86	50.94	2%
EUR/MXN	MXN10	100	211.26	234.61	2.5%
EUR/PLN	PLN10	25	43.71	50.37	1.5%
GBP/HUF	HUF1000	25	52.38	64.37	2%
GBP/MXN	MXN10	130	377.73	393.74	2.5%
GBP/PLN	PLN10	30	54.08	62.61	1.5%
USD/HUF	HUF1000	20	37.69	43.38	2%
USD/MXN	MXN10	50	144.99	153.50	2.5%
USD/PLN	PLN10	25	39.88	43.04	1.5%

Scandinavian pairs

Currency Pair [1]	Value per point [2]	Minimum spread	Average spread (00:00-21:00)** [3]	Average spread* [3]	Minimum requirement [4]
CAD/NOK	NOK10	25	58.77	75.88	1%
CHF/NOK	NOK10	40	54.39	84.76	1.5%
EUR/NOK	NOK10	25	48.77	75.72	0.75%
EUR/SEK	SEK10	30	48.66	60.11	0.75%
GBP/NOK	NOK10	50	78.48	116.32	1%
GBP/SEK	SEK10	40	76.00	88.35	1%
NOK/SEK	SEK10	6	12.65	15.63	1%
USD/DKK	DKK10	15	18.43	20.05	5%
USD/NOK	NOK10	25	45.98	65.63	0.75%
USD/SEK	SEK10	25	45.04	50.66	0.75%

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 23.00 (CET) on Sunday until 22.59 (CET) on Friday. All dealing times listed are London times.

2. The minimum transaction size is 0.1 contracts. For every pair, one contract = 100,000 of the first-named currency.

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. As standard practice, we will then immediately convert this back to your default currency. Our standard convert-on-close charge is 0.5%.

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 IG's charge for holding positions overnight no more 0.0022% a day

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 23.00 that is still open after 23.00 (CET).

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

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020.

** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020.

How to download MetaTrader 4

New to IG Bank

To start trading with Metatrader 4, first you’ll need to create an IG Bank account. Once you have an IG Bank account set up, you will be able to set up MT4 in the client area.

Create an IG Bank account

Already an IG Bank client?

Simply log in to My IG and go to the ‘live accounts’ tab. You’ll find MT4 for CFDs by clicking ‘add another account.’