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 point [2] Minimum spread Average Spread
(00:00-21:00)** [3]
Average Spread* [3] Minimum requirement [4]
EUR/CHF CHF10 2 2,59 3,12 1,5%
EUR/GBP £10 0,9 1,83 2,51 1%
EUR/JPY Y1000 1,5 1,96 2,57 0,5%
EUR/USD $10 0,6 0,86 1,13 0,5%
GBP/JPY Y1000 2,5 3,50 4,42 1%
GBP/USD $10 0,9 1,84 2,38 1%
USD/CAD C$10 1,3 2,14 2,46 0,5%
USD/CHF CHF10 1,5 1,95 2,29 1,5%
USD/JPY Y1000 0,7 0,96 1,26 0,5%
CAD/CHF CHF10 2,5 4,06 4,40 1,5%
CAD/JPY Y1000 2 3,17 3,54 0,5%
EUR/CAD C$10 2,5 4,97 5,68 0,5%
CHF/JPY Y1000 2 2,88 3,53 1,5%
GBP/CAD C$10 3 6,57 7,66 1%
GBP/CHF CHF10 3 4,51 5,37 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 1,07 1,33 0,5%
EUR/SGD SGD10 4 6,97 8,23 0,75%
EUR/ZAR ZAR10 150 298,50 330,00 5%
GBP/SGD SGD10 5 10,41 12,32 1%
GBP/ZAR ZAR10 200 353,55 385,77 5%
SGD/JPY Y1000 4 5,35 5,91 1%
USD/SGD SGD10 3 5,21 5,91 0,75%
USD/ZAR ZAR10 90 190,48 206,57 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 3,67 4,23 0,5%
AUD/CHF CHF10 2 3,26 3,73 1,5%
AUD/JPY Y1000 1,3 2,02 2,49 0,5%
AUD/NZD NZD10 2,5 4,42 5,12 0,75%
AUD/SGD SGD10 3 6,25 7,00 1%
EUR/AUD AUD10 1,8 4,25

5,35

0,5%
EUR/NZD NZD10 3 6,85 7,80 0,75%
GBP/AUD AUD10 1,9 6,21 7,62 1%
GBP/NZD NZD10 5 9,10 10,46 1%
NZD/AUD AUD1 3,5 7,30 7,90 0,75%
NZD/CHF CHF10 4 4,86 5,13 1,5%
NZD/JPY Y1000 2 3,28 3,67 0,75%
NZD/USD $10 1,8 2,52 2,70 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 64,51 77,42 2%
EUR/HUF HUF1000 20 65,71 77,50 2%
EUR/MXN MXN10 100 267,43 292,28 2,5%
EUR/PLN PLN10 25 53,80 61,56 1,5%
GBP/HUF HUF1000 25 76,64 92,72 2%
GBP/MXN MXN10 130 337,81 369,90 2,5%
GBP/PLN PLN10 30 69,16 79,02 1,5%
USD/HUF HUF1000 20 61,00 68,63 2%
USD/MXN MXN10 50 152,73 164,95 2,5%
USD/PLN PLN10 25 46,71 50,92 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 25 124,88 145,54 1%
CHF/NOK NOK10 40 183,73 220,35 1,5%
EUR/NOK NOK10 25 167,72 201,30 0,75%
EUR/SEK SEK10 30 92,55 104,07 0,75%
GBP/NOK NOK10 50 231,66 281,11 1%
GBP/SEK SEK10 40 141,74 155,72 1%
NOK/SEK SEK10 6 24,03 27,71 1%
USD/DKK DKK10 15 20,37 22,93 5%
USD/NOK NOK10 25 152,59 177,35 0,75%
USD/SEK SEK10 25 82,26 89,21 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.


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