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.
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] |
MT4 symbol |
Value per point [2] |
Minimum spread |
Average spread (00:00 - 21:00)** [3] |
Average spread* [3] |
Retail margin required [4] |
Accredited investor margin required [5] |
|---|---|---|---|---|---|---|---|
| AUD/USD | AUDUSD.S | $10 | 0.6 | 0.82 | 1.03 | 5% | 2% |
| EUR/CHF | EURCHF.S | CHF10 | 2 | 2.64 | 3.04 | 5% | 2% |
| EUR/GBP | EURGBP.S | £10 | 0.9 | 1.40 | 1.89 | 5% | 2% |
| EUR/JPY | EURJPY.S | Y1000 | 1.5 | 1.97 | 2.43 | 5% | 2% |
| EUR/USD | EURUSD.S | $10 | 0.6 | 0.85 | 1.04 | 5% | 2% |
| GBP/JPY | GBPJPY.S | Y1000 | 2.5 | 3.17 | 3.86 | 5% | 2% |
| GBP/USD | GBPUSD.S | $10 | 0.9 | 1.40 | 1.83 | 5% | 2% |
| USD/CAD | USDCAD.S | C$10 | 1.3 | 1.77 | 2.06 | 5% | 2% |
| USD/CHF | USDCHF.S | CHF10 | 1.5 | 1.99 | 2.22 | 5% | 2% |
| USD/JPY | USDJPY.S | Y1000 | 0.7 | 0.94 | 1.18 | 5% | 2% |
*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.
Minor pairs
Currency pair [1] |
MT4 symbol |
Value per point [2] |
Minimum spread |
Average spread (00:00 - 21:00)** [3] |
Average spread* [3] |
Retail margin required [4] |
Accredited investor margin required [5] |
|---|---|---|---|---|---|---|---|
| CAD/CHF | CADCHF.S | CHF10 | 2.5 | 3.71 | 3.95 | 5% | 2% |
| CAD/JPY | CADJPY.S | Y1000 | 2 | 3.05 | 3.34 | 5% | 2% |
| CHF/JPY | CHFJPY.S | Y1000 | 2 | 2.63 | 3.10 | 5% | 2% |
| EUR/CAD | EURCAD.S | CAD10 | 2.5 | 3.58 | 4.13 | 5% | 2% |
| EUR/SGD | EURSGD.S | SGD10 | 4 | 6.19 | 7.17 | 5% | 2% |
| EUR/ZAR | EURZAR.S | ZAR10 | 150 | 211.48 | 232.81 | 5% | 5% |
| GBP/CAD | GBPCAD.S | CAD$10 | 3 | 4.92 | 5.83 | 5% | 2% |
| GBP/CHF | GBPCHF.S | CHF10 | 3 | 4.20 | 4.84 | 5% | 2% |
| GBP/SGD | GBPSGD.S | SGD10 | 5 | 9.20 | 10.43 | 5% | 2% |
| GBP/ZAR | GBPZAR.S | ZAR10 | 200 | 261.99 | 283.43 | 5% | 5% |
| SGD/JPY | SGDJPY.S | Y1000 | 4 | 5.10 | 5.51 | 5% | 2% |
| USD/SGD | USDSGD.S | SGD10 | 3 | 4.70 | 5.27 | 5% | 2% |
| USD/ZAR | USDZAR.S | ZAR10 | 90 | 123.56 | 136.67 | 5% | 5% |
*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.
Australasian pairs
Currency pair [1] |
MT4 symbol |
Value per point [2] |
Minimum spread |
Average spread (00:00 - 21:00)** [3] |
Average spread* [3] |
Retail margin required [4] |
Accredited investor margin required [5] |
|---|---|---|---|---|---|---|---|
| AUD/CAD | AUDCAD.S | CAD10 | 1.5 | 2.89 | 3.40 | 5% | 2% |
| AUD/CHF | AUDCHF.S | CHF10 | 2 | 3.00 | 3.40 | 5% | 2% |
| AUD/JPY | AUDJPY.S | Y1000 | 1.3 | 1.79 | 2.17 | 5% | 2% |
| AUD/NZD | AUDNZD.S | NZD10 | 2.5 | 3.20 | 3.77 | 5% | 2% |
| AUD/SGD | AUDSGD.S | SGD10 | 3 | 5.03 | 5.72 | 5% | 2% |
| EUR/AUD | EURAUD.S | AUD10 | 1.8 | 3.10 | 3.84 | 5% | 2% |
| EUR/NZD | EURNZD.S | NZD10 | 3 | 4.16 | 4.94 | 5% | 2% |
| GBP/AUD | GBPAUD.S | AUD10 | 1.9 | 4.04 | 5.10 | 5% | 2% |
| GBP/NZD | GBPNZD.S | NZD10 | 5 | 6.16 | 7.25 | 5% | 2% |
| NZD/AUD | NZDAUD.S | AUD1 | 3.5 | 4.65 | 5.27 | 5% | 2% |
| NZD/CHF | NZDCHF.S | CHF10 | 4 | 4.19 | 4.35 | 5% | 2% |
| NZD/JPY | NZDJPY.S | Y1000 | 2 | 2.53 | 2.83 | 5% | 2% |
| NZD/USD | NZDUSD.S | $10 | 1.8 | 2.05 | 2.23 | 5% | 2% |
*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.
Exotic pairs
Currency pair [1] |
MT4 symbol |
Value per point [2] |
Minimum spread |
Average spread (00:00 - 21:00)** [3] |
Average spread* [3] |
Retail margin required [4] |
Accredited investor margin required [5] |
|---|---|---|---|---|---|---|---|
| CHF/HUF | CHFHUF.S | HUF1000 | 25 | 39.48 | 48.86 | 5% | 2% |
| EUR/HUF | EURHUF.S | HUF1000 | 20 | 41.86 | 50.94 | 5% | 2% |
| EUR/MXN | EURMXN.S | MXN10 | 100 | 211.26 | 234.61 | 5% | 2.5% |
| EUR/PLN | EURPLN.S | PLN10 | 25 | 43.71 | 50.37 | 5% | 2% |
| GBP/HUF | GBPHUF.S | HUF1000 | 25 | 52.38 | 64.21 | 5% | 2% |
| GBP/MXN | GBPMXN.S | MXN10 | 130 | 377.73 | 393.74 | 5% | 2.5% |
| GBP/PLN | GBPPLN.S | PLN10 | 30 | 54.08 | 62.61 | 5% | 2% |
| USD/HUF | USDHUF.S | HUF1000 | 20 | 37.69 | 43.38 | 5% | 2% |
| USD/MXN | USDMXN.S | MXN10 | 50 | 144.99 | 153.50 | 5% | 2.5% |
| USD/PLN | USDPLN.S | PLN10 | 25 | 39.88 | 43.04 | 5% | 2% |
*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.
Scandinavian pairs
Currency Pair [1] |
MT4 symbol |
Value per point [2] |
Minimum spread |
Average spread (00:00 - 21:00)** [3] |
Average spread* [3] |
Retail margin required [4] |
Accredited investor margin required [5] |
|---|---|---|---|---|---|---|---|
| CAD/NOK | CADNOK.S | NOK10 | 25 | 58.77 | 75.88 | 5% | 2% |
| CHF/NOK | CHFNOK.S | NOK10 | 40 | 54.39 | 84.76 | 5% | 2% |
| EUR/NOK | EURNOK.S | NOK10 | 25 | 48.77 | 75.72 | 5% | 2% |
| EUR/SEK | EURSEK.S | SEK10 | 30 | 48.66 | 60.11 | 5% | 2% |
| GBP/NOK | GBPNOK.S | NOK10 | 50 | 78.48 | 116.32 | 5% | 2% |
| GBP/SEK | GBPSEK.S | SEK10 | 40 | 76.00 | 88.35 | 5% | 2% |
| NOK/SEK | NOKSEK.S | SEK10 | 6 | 12.65 | 15.63 | 5% | 2% |
| USD/NOK | USDNOK.S | NOK10 | 25 | 45.98 | 65.63 | 5% | 2% |
| USD/SEK | USDSEK.S | SEK10 | 25 | 45.04 | 50.66 | 5% | 2% |
*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021.
**Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021.
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 22.00 (London time) on Sunday until 21.59 (London time) on Friday. All dealing times listed are London times.
2. The minimum transaction size is 0.01 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. Accredited investors are exempt from regulatory limits on leverage in place for retail clients, and are able to trade on lower margins as a result. You can find out more, and check your eligibility, on our Accredited investors page.
6. 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%.
7. 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 0.5% 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).
8. You will not be charged any additional commission unless notified in writing.
How to download MetaTrader 4
New to IG
To start trading with Metatrader 4, first you’ll need to create an IG account. Once you have an IG account set up, you will be able to set up MT4 in the client area.
Already an IG 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.’
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