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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 indices MT4 product details?

Our stock index markets are undated transactions which aim to replicate the cash price of the underlying index, and are therefore adjusted for interest and dividends.

Index name

MT4 Symbol

Value of one standard contract

Dealing hours

Dealing spread

Margin requirement per contract

Australia 200
24 hours



9.50 - 10.00 (AEST) 2


10.00 - 16.00 (AEST) 1
16.00 - 16.30 (AEST) 2
17.10 - 07.00 (AEST) 3
All other times 5

EU Stocks 50
24 hours



07.00 - 21.00 (CET) 1.5


21.00 - 07.00 (CET) 3.8
00.15 - 07.00 (CET) 2

France 40
24 hours



01.15 - 08.00 (CET) 3


08.00 - 09.00 (CET) 2
09.00 - 17.30 (CET) 1
17.30 - 22.00 (CET) 2
22.00 - 01.15 (CET) 4

FTSE 100
24 hours



01.00 - 07.00 (GMT) 3


07.00 - 08.00 (GMT) 2
08.00 - 16.30 (GMT) 1
16.30 - 21.00 (GMT) 2
21.00 - 01.00 (GMT) 4

Germany 40
24 hours



01.15 - 08.00 (CET) 4


08.00 - 09.00 (CET) 2
09.00 - 17.30 (CET) 1.2
17.30 - 22.00 (CET) 2
22.00 - 01.15 (CET) 5

Netherlands 25
24 hours



08.00 - 16.30 (CET) 0.1


16.30 - 21.00 (CET) 0.3
21.00 - 07.00 (CET) 0.5
07.00 - 08.00 (CET) 0.3

Hong Kong HS50
24 hours



09.15 - 12.00 (HKT)



13.00 - 16.30 (HKT) 5
17.15 - 02.59 (HKT) 8
All other times 30

Japan 225

24 hours



08.00 - 09.30 (JST) 15


09.30 - 06.15 (JST) 7
06.15 - 06.59 (JST) 15
All other times 30

Spain 35



08.00 - 09.00 (CET) 5


09.00 - 20.00 (CET) 5
20.00 - 08.00 (CET) 12

Sweden 30



03.00 - 11.25 (EST) 0.5


11.25 - 03.00 (EST) 1.5

Switzerland Blue Chip



08.00 - 22.00 (CET) 2*


22.00 - 08.00 (CET) 6

US Tech 100



09.30 - 16.00 (EST) 1


17.00 - 18.00 (EST) 5
All other times 2

US 500



09.30 - 16.00 (EST) 0.4


17.00 - 18.00 (EST) 1.5
All other times 0.6

Wall Street



03.00 - 10.30 (EST) 3.6


10.30 - 17.00 (EST) 2.4
18.00 - 19.00 (EST) 9.8
All other times 4.8

Emerging Markets Index



14.30 - 2100 (GMT) 0.5


23.00 - 0100 (GMT) 2
All other times 1

US Dollar Basket



18.00 - 17.00 (EST) 5


We offer CFDs on a wide range of global stock indices. Our cash index CFDs do not have an expiry date. The price of a cash index CFD is derived from the front month of the futures contract in the related market. Front month will mean the next liquid futures contract with the closest expiration date. It may differ from spot cash index levels reported or published by their relevant exchanges where their underlying securities are listed. Futures contracts are used as they are updated more quickly due to news and market events without requiring all underlying stocks to adjust. The difference between the cash index contract price and the related futures contract is termed the fair value. This fair value is regularly updated by IG to accurately reflect expected interest and dividend adjustments.

Our stock index CFDs are contracts which give a client exposure to changes in the value of a stock index but cannot result in the delivery of any share or instrument by or to the client. Minimum transaction sizes usually start from 0.2 contracts for CFDs. Please refer to this page to find the minimum transaction size for each market. We will not charge any additional commission unless we notify you in writing.

1. Where indicated, 24-hour dealing opens at 23.02 (London time) on Sundays, with the exception of Wall Street, US 500, US Tech 100 and Japan 225, which open at 23.00 (London time) on Sundays. 24-hour dealing closes at 22.00 (London time) on Fridays.

Other indices are offered only when the underlying market is open. Please ask dealers for information about public holidays.

a) Please note that Japan 225 is priced as a USD denominated contract.

2. Please note that actual trading times are governed by local time in the country of the index's origin. Consequently, seasonal adjustments (such as daylight saving) in either the UK or the country of origin may cause times shown to be imprecise.

a) During US daylight saving time, this session runs from 17.10-07.00 (Sydney time).

3. a) CFDs on indices are quoted with reference to the front month contract in the underlying futures market. Cash CFD prices are adjusted for the fair value between the prices of the cash index and relevant futures contract.

b) Spreads are subject to variation, especially in volatile market conditions. On 24 hour index markets, our spreads depend on whether the underlying futures market is open (in-hours) or closed (out-of-hours). Other index markets are only quoted when the underlying futures market is open. Our dealing spreads may change to reflect the available liquidity during different times of day. Our normal spread during each time period is shown in the table.

c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).

d) On all index markets, when the underlying futures market is open, we do not apply any weighting or biases to our pricing sources (with the exception of fair value adjustments).

e) During the out-of-hours sessions on 24 hour index markets, our quotations reflect our own view of the prospects for a market. This could include referring to price movements in other relevant markets which are open. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

4. CFDs on cash stock indices are undated transactions that do not expire and have an arbitary expiry well in the future (unless requested, please see note 6). For each day that a position is open, adjustments are calculated to reflect the effect of interest (i), and, if necessary, dividends (ii).

i) A daily interest adjustment is calculated for any position that is opened before 22.00 (London time) and that is still open after 22.00 (London time). For stock index contracts denominated in Australian dollars a daily interest adjustment is calculated for any position that is opened before 16.50 (Sydney time) and that is still open after 16.50 (Sydney time). These adjustments are posted daily to the client's account. Please note that on Fridays open positions will be adjusted for 3 days funding, covering the weekend.

Interest adjustments are calculated as follows:

D = n x L x C x i / 365


D = daily interest adjustment

n = number of lots

L = lot size

C = underlying index price at 10pm (London time)

i = applicable annual interest rate

Note: The formula uses a 365-day divisor for the FTSE® 100 and other GBP, SGD and ZAR denominated markets, and a 360-day divisor for all others. Positions on the India 50 cash contract will have funding attributed based on the prevailing INR (Indian rupee) interest rate, positions on the China A50 cash contract will have funding attributed based on the prevailing CNH (offshore Chinese yuan) interest rate and positions on the South Africa 40 will have funding attributed based on the prevailing ZAR (South African Rand) interest rate, regardless of the currency of your trade.

Interest in respect of long positions is debited from a client's account, and interest in respect of short positions is either credited to or debited from a client's account.

ii) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE), rounded to the tick size we use for that index, to determine what adjustment to apply. In the case of long positions, the dividend adjustment is credited to the client's account. In the case of short positions, the dividend adjustment is debited from the client's account.

5. 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. For indices, margin requirements do not take leverage into account.

6. Clients may request that an open stock-index position will expire on the day that the request is made.

We are unlikely to agree to such a request if either:

a) the size of the position or positions is larger than 10 contracts equivalent

b) the request is made less than two hours before the close of the related expiry market

On our agreement to an expiry request, the transaction or transactions in question will become an 'Expiry Transaction', and will automatically expire at the official closing price of the related expiry market, as listed in the 'Expiry Markets' column.

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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