Forex MT4 product details

Faster execution and greater automation on a wide range of FX pairs

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

Major pairs

Currency Pair [1] Value per point [2] 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%

 

Minor

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%

 

Australasian

Australasian pairs

Currency Pair [1]

Minimum bet size

Value per point [2]

Minimum spread

Average spread* [3]

Minimum requirement [4]

AUD/CAD 10p C$10 2 2.78 0.5%
AUD/CHF 10p CHF10 2.5 2.95 1.5%
AUD/JPY 10p Y1000 1.3 1.91 0.5%
AUD/NZD 10p NZD10 3 3.18 0.75%
AUD/SGD 10p SGD10 5 6.84 1%
EUR/AUD 10p AUD10 1.8

2.61

0.5%
EUR/NZD 10p NZD10 3 4.02 0.75%
GBP/AUD 10p AUD10 1.9 3.64 1%
GBP/NZD 10p NZD10 5 6.87 1%
NZD/CHF 10p CHF10 4 5.60 1.5%
NZD/JPY 10p Y1000 2.5 3.21 0.75%
NZD/USD 10p $10 2 2.13 0.75%

Exotic

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%

 

Scandinavian

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%

 

Notes to tables

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 21.59 (London time) on Friday.

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 21.00 that is still open after 21.00 (GMT).

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

Open an account now

There's no minimum balance to open an account, it takes less than five minutes, and there's no obligation to fund or trade.

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Contact us

Questions about opening an account:

+61 (3) 9860 1799
helpdesk.en@ig.com

Existing client questions:

+61 (3) 9860 1734 or +44 2078 960079

We're here 24hrs a day from 7am Saturday to 9pm Friday (GMT).