CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

What are IG's forex CFD product details?

*Awarded the best forex provider in Singapore by the Global Brands Magazine in 2018

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
  • Scandinavian
  • Exotic
  • Emerging
  • Notes to table

Major

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair

Value per point [2]

Minimum spread

Average Spread[3]

Limited risk premium [4]

Margin required [5]

Standard

Mini

EUR/USD

$10

$1

0.6

0.76

1.2

2%

AUD/USD

$10

$1

0.6

0.76

0.8

2%

EUR/CHF

CHF10

CHF1

2

2.3

n/a

2%

EUR/GBP

£10

£1

0.9

1.09

2

2%

EUR/JPY

Y1000

Y100

1.5

1.96

1.5

2%

GBP/EUR

€10

€1

2

2.6

2

2%

GBP/JPY

Y1000

Y100

2.5

3.04

2

2%

GBP/USD

$10

$1

0.9

1.12

2

2%

USD/CAD

CAD10

CAD1

1.7

2.5

1.5

2%

USD/CHF

CHF10

CHF1

1.5

2.04

2

2%

USD/JPY

Y1000

Y100

0.7

0.86

1.5

2%

 

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 27th July 2018.

Minor

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair

Value per pip [2]

Minimum Spread

Average Spread [3]

Limited risk premium [4]

Margin required [5]

Standard

Mini

CAD/CHF

CHF10

CHF1

2.5

3.16

2

2%

CAD/JPY

Y1000

Y100

2.5

3.61

1.5

2%

CHF/JPY

Y1000

Y100

2

2.76

3

2%

EUR/CAD

CAD10

CAD1

3

4.25

3

2%

EUR/SGD

SGD10

SGD1

5

6.19

4

2%

EUR/ZAR

ZAR10

ZAR1

150

198.98

100

2.5%

GBP/CAD

CAD10

CAD1

3.5

4.74

4

2%

GBP/CHF

CHF10

CHF1

3

3.98

4

2%

GBP/SGD

SGD10

SGD1

8

10.42

4

2%

GBP/ZAR

ZAR10

ZAR1

200

256.98

150

2.5%

SGD/JPY

Y1000

Y100

4

5.22

2

2%

USD/SGD

SGD10

SGD1

3

3.55

1

2%

USD/ZAR

ZAR10

ZAR1

90

128.75

200

2.5%

 

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 27th July 2018.

Australasian

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair

Value per pip [2]

Minimum Spread

Average Spread [3]

Limited Risk Premium [4]

Margin Required [5]

Standard

Mini

AUD/CAD

CAD10

CAD1

2

2.78

1

2%

AUD/CHF

CHF10

CHF1

2.5

2.95

2

2%

AUD/EUR

EUR10

EUR1

1.5

2.83

1.5

2%

AUD/GBP

GBP10

GBP1

1.5

2.94

2

2%

AUD/JPY

Y1000

Y100

1.3

1.91

1.5

2%

AUD/NZD

NZD10

NZD1

3

3.18

3

2%

AUD/SGD

SGD10

SGD1

5

6.84

4

2%

EUR/AUD

AUD10

AUD1

1.8

2.61

2

2%

EUR/NZD

NZD10

NZD1

3

4.02

4

2%

GBP/AUD

AUD10

AUD1

1.9

4.64

3

2%

GBP/NZD

NZD10

NZD1

5

6.87

5

2%

NZD/CHF

CHF10

CHF1

4

5.6

3

2%

NZD/EUR

EUR10

EUR1

1.5

1.99

1.5

2%

NZD/GBP

GBP10

GBP1

2

3.01

2

2%

NZD/JPY

Y1000

Y100

2.5

3.21

1.5

2%

NZD/USD

USD10

USD1

2

2.13

1

2%

NZD/CAD

C$10

C$1

3.5

5.1

1

2%

 

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 27th July 2018.

Scandinavian

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair

Value per pip [2]

Minimum Spread

Average Spread1 [3]

Limited Risk Premium [4]

Margin required[5]

Standard

Mini

CAD/NOK

NOK10

NOK1

25

65.94

80

2%

CHF/NOK

NOK10

NOK1

40

55.77

60

2%

EUR/DKK

DKK10

DKK1

10

14.4

200

5%

EUR/NOK

NOK10

NOK1

25

34.27

40

2%

EUR/SEK

SEK10

SEK1

30

37.76

40

2%

GBP/DKK

DKK10

DKK1

30

45.36

50

5%

GBP/NOK

NOK10

NOK1

50

76.7

60

2%

GBP/SEK

SEK10

SEK1

50

78.55

100

2%

NOK/SEK

SEK10

SEK1

6

12.07

12

2%

USD/DKK

DKK10

DKK1

15

19.8

20

5%

USD/NOK

NOK10

NOK1

25

35.2

40

2%

USD/SEK

SEK10

SEK1

25

32.73

60

2%

 

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 27th July 2018.

Exotic

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair

Value per pip [2]

Minimum Spread

Average Spread1 [3]

Limited risk premium [4]

Margin required [5]

Standard

Mini

CHF/HUF

HUF1000

HUF100

25

39.4

50

2%

EUR/CZK

CZK100

CZK10

25

28.04

50

5%

EUR/HUF

HUF1000

HUF100

20

42.09

50

2%

EUR/ILS

ILS10

ILS1

40

83.28

80

2%

EUR/MXN

MXN10

MXN1

90

186.97

400

2.5%

EUR/PLN

PLN10

PLN1

25

45.41

60

2%

EUR/TRY

TRY10

TRY1

15

29.44

15

2.5%

GBP/CZK

CZK100

CZK10

30

34.49

50

5%

GBP/HUF

HUF1000

HUF100

25

42.33

50

2%

GBP/ILS

ILS10

ILS1

50

103.49

150

2%

GBP/MXN

MXN10

MXN1

130

211.85

500

2.5%

GBP/PLN

PLN10

PLN1

30

50.93

40

2%

GBP/TRY

TRY10

TRY1

20

37.7

20

2.5%

MXN/JPY

JPY1000

JPY100

0.6

0.84

1.5

2.5%

NOK/JPY

JPY1000

JPY100

0.8

1.22

1

2%

PLN/JPY

JPY1000

JPY100

2

2.82

3

2%

SEK/JPY

JPY1000

JPY100

0.6

1.23

1

2%

TRY/JPY

JPY1000

JPY100

5

6.91

8

2.5%

USD/CZK

CZK100

CZK10

25

26.29

50

5%

USD/HUF

HUF1000

HUF100

20

41.31

50

2%

USD/ILS

ILS10

ILS1

30

76.43

80

2%

USD/MXN

MXN10

MXN1

50

80.5

350

2.5%

USD/PLN

PLN10

PLN1

25

33.51

40

2%

USD/TRY

TRY10

TRY1

12

23.87

10

2.5%

 

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 27th July 2018.

Emerging

Emerging markets pairs are either quoted based on the spot market (Spot FX) or 1-month non-deliverable forward prices (EMFX). For every pair we offer both a full contract and a mini contract. Spot FX contracts are priced in the pair's second named currency, but EMFX contracts are only priced in US Dollars, Japanese Yen or Sterling.

Currency pair [1]

Value per pip [2]

Minimum Spread

Average Spread1 [3]

Margin Required [5]

Dealing Hours
(UK time)

Standard

Mini

AUD/CNH

CNH10

CNH1

20

25.17

2.5%

24 hours

CNH/JPY

¥1000

¥100

0.8

1.74

2.5%

24 hours

EUR/CNH

CNH10

CNH1

30

44.5

2%

24 hours

EUR/RUB

RUB10

RUB1

2000

2663.78

5%

07.00-21.00

USD/CNH

CNH10

CNH1

10

15.46

2.5%

24 hours

USD/RUB

RUB10

RUB1

1600

2498.4

5%

07.00-21.00

NZD/CNH

CNH10

CNH1

15

23.01

2.5%

24 hours

GBP/CNH

CNH10

CNH1

35

39.12

2.5%

24 hours

CAD/CNH

CNH10

CNH1

15

19.88

2.5%

24 hours

EMFX GBP/INR

£10

£1

35

37.35

5%

01.30-21.00

EMFX USD/BRL

$10

$1

30

40.98

5%

13.05-22.00

EMFX USD/INR

$10

$1

20

21.22

5%

01.30-21.00

EMFX USD/IDR

$10

$1

80

106.64

5%

03.30-21.00

EMFX USD/KRW

$10

$1

100

175.15

5%

01.00-21.00

USDMYR

$10

$1

100

150.23

5%

01.30-21.00

EMFX USD/PHP

$10

$1

15

19.37

5%

01.30-21.00

EMFX USD/TWD

$10

$1

80

147.13

5%

01.30-21.00

 

1Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 27th July 2018.

(Please note that hours stated above are all in London times)

CNH - Chinese renminbi (yuan) - Offshore
BRL - Brazilian real
CLP - Chilean peso
INR - Indian rupee
KRW - South Korean won
MYR - Malaysian ringgit
PHP - Philippine peso
TWD - Taiwan dollar
RUB - Russian ruble
IDR - Indonesian Rupiah

Our foreign exchange transactions are a special 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, with the exception of emerging-market pairs, which operate on different schedules. All dealing times listed are London times. Please note that Daylight Savings Time in the UK or the country of origin may cause the times shown to be imprecise.
     
  2. The minimum transaction size is one contract. Transactions above this minimum size, can be in fractions of a contract.
     
  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. For limited risk transactions, a premium is charged only if your stop is triggered.
     
  5. Please note that tiered margining applies; this means that higher margins may be required for large positions.
     
  6. When you trade in a currency other than your base currency, margin requirements and any profit or loss will be booked to your account in that currency. As a default, we will automatically convert any profit or loss you realise on closing a position to your base currency, including a charge of no more than 0.3% of the current spot rate. You may change this default to a daily conversion any time via our online dealing platform. For daily conversions, our system will convert the currency automatically. However, you may experience currency fluctuations on your account prior to the conversion.
     
  7. For foreign exchange transactions, adjustments are made to calculate the cost of funding a position, and these are posted to the client's 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% (0.8% for mini contracts) per annum. This maximum charge applies to both standard contracts and mini contracts.

    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).

    Note: For any position opened before 22.00 Wednesday that is still open after 22.00 Wednesday, the daily interest credit or debit will be made for three days as opposed to one. This three-day adjustment covers settlement of trades over the weekend period.

    In the event where there is a bank holiday, the interest will be adjusted on the following working day if it is a U.S. bank holiday and will be adjusted prior to the bank holiday if it is a bank holiday outside of the U.S..
     
  8. We will not charge any additional commission unless we notify you in writing.
     
  9. Swap rates shown on our platform for all contracts are indicative of the next day’s adjustment and are subject to change. These adjustments are applied for positions you hold as at 10 pm London time. For queries, please call our helpdesk on 6390 5118.

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