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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

0.60

0.76

0.50%

EUR/CHF

CHF10

2.00

2.17

1.50%

EUR/GBP

£10

0.90

1.33

1.00%

EUR/JPY

Y1000

1.50

1.61

0.50%

EUR/USD

$10

0.60

0.70

0.50%

GBP/JPY

Y1000

2.50

2.70

1.00%

GBP/USD

$10

0.90

1.52

1.00%

USD/CAD

C$10

1.30

1.52

0.50%

USD/CHF

CHF10

1.50

1.67

1.50%

USD/JPY

Y1000

0.7

0.79

0.50%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019. 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

2.86

1.50%

CAD/JPY

Y1000

2.5

2.68

0.50%

CHF/JPY

Y1000

2

2.32

1.50%

EUR/CAD

CAD10

3

3.63

0.50%

EUR/SGD

SGD10

5

4.83

0.75%

EUR/ZAR

ZAR10

150

185.60

5.00%

GBP/CAD

CAD10

3.5

4.20

1.00%

GBP/CHF

CHF10

3

3.87

1.50%

GBP/SGD

SGD10

8

7.73

1.00%

GBP/ZAR

ZAR10

200

242.11

5.00%

SGD/JPY

Y1000

4

4.36

1.00%

USD/SGD

SGD10

3

3.23

1.00%

USD/ZAR ZAR10 30 109.23 5.00%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019. For our minimum spreads, please see our forex CFD and MT4 details.

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

2.09

2.78

0.50%

AUD/CHF

10p

CHF10

2.49

2.95

1.50%

AUD/JPY

10p

Y1000

1.39

1.91

0.50%

AUD/NZD

10p

NZD10

2.97

3.18

0.75%

AUD/SGD

10p

SGD10

4.49

6.84

1.00%

EUR/AUD

10p

AUD10

2.22

2.61

0.50%

EUR/NZD

10p

NZD10

3.65

4.02

0.75%

GBP/AUD

10p

AUD10

2.67

3.64

1.00%

GBP/NZD

10p

NZD10

6.04

6.87

1.00%

NZD/CHF

10p

CHF10

4.44

5.60

1.50%

NZD/JPY

10p

Y1000

2.48

3.21

0.75%

NZD/USD

10p

$10

2.05

2.13

0.75%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019. 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

33.99

2.00%

EUR/HUF

HUF1000

20

34.03

2.00%

EUR/MXN

MXN10

100

179.69

2.50%

EUR/PLN

PLN10

25

37.15

1.50%

GBP/HUF

HUF1000

25

36.41

2.00%

GBP/MXN

MXN10

130

195.19

2.50%

GBP/PLN

PLN10

30

44.18

1.50%

USD/HUF

HUF1000

20

32.53

2.00%

USD/MXN

MXN10

50

67.68

2.50%

USD/PLN

PLN10

25

29.84

1.50%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019. 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

33.99

1.00%

CHF/NOK

NOK10

40

49.99

1.50%

EUR/NOK

NOK10

25

34.00

0.75%

EUR/SEK

SEK10

30

38.92

0.75%

GBP/NOK

NOK10

50

66.24

1.00%

GBP/SEK

SEK10

50

66.72

1.00%

NOK/SEK

SEK10

6

9.65

1.00%

USD/NOK

NOK10

25

31.93

0.75%

USD/SEK

SEK10

25

33.24

0.75%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 31st May 2019. 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 IG's charge for holding positions overnight of 0.8% 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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