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Forex MT4 product details

All trading involves risk. Losses can exceed deposits.

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Spreads from 0.6 pips on a popular range of currency 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

Major

Major pairs

Currency Pair [1]

Minimum bet size
(spread betting)

Value per point [2]
(CFDs)

Minimum spread

Average Spread* [3]

Minimum requirement [4]

AUD/USD 10p $10 0.6 0.75 0.5%
EUR/CHF 10p CHF10 2 2.30 1.5%
EUR/GBP 10p £10 0.9 1.17 1%
EUR/JPY 10p Y1000 1.5 1.96 0.5%
EUR/USD 10p $10 0.6 0.75 0.5%
GBP/JPY 10p Y1000 2.5 3.04 1%
GBP/USD 10p $10 0.9 1.34 1%
USD/CAD 10p C$10 1.7 2.50 0.5%
USD/CHF 10p CHF10 1.5 2.04 1.5%
USD/JPY 10p Y1000 0.7 0.86 0.5%

Minor

Minor pairs

Currency Pair [1]

Minimum bet size

Value per point [2]

Minimum spread

Average spread* [3]

Minimum requirement [4]

CAD/CHF 10p CHF10 2.5 3.16 1.5%
CAD/JPY 10p Y1000 2.5 3.61 0.75%
CHF/JPY 10p Y1000 2 2.76 1.5%
EUR/CAD 10p C$10 3 4.25 0.5%
EUR/SGD 10p SGD10 5 6.19 0.75%
EUR/ZAR 5p ZAR10 150 198.98 2.5%
GBP/CAD 10p C$10 3.5 4.74 1%
GBP/CHF 10p CHF10 3 3.98 1.5%
GBP/SGD 10p SGD10 8 10.42 1%
GBP/ZAR 5p ZAR10 200 256.98 2.5%
SGD/JPY 10p Y1000 4 5.22 1%
USD/SGD 10p SGD10 3 3.55 0.75%
USD/ZAR 5p ZAR10 90 128.75 2.5%

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%

Exotics

Exotic pairs

Currency Pair [1]

Minimum bet size
(spread betting)

Value per point [2]
(CFDs)

Minimum spread

Average spread* [3]

Minimum requirement [4]

CHF/HUF 5p HUF1000 25 39.40 2%
EUR/HUF 5p HUF1000 20 42.09 2%
EUR/MXN 5p MXN10 90 186.97 2.5%
EUR/PLN 5p PLN10 25 45.41 1.5%
GBP/HUF 5p HUF1000 25 42.33 2%
GBP/MXN 5p MXN10 130 211.85 2.5%
GBP/PLN 5p PLN10 30 50.93 1.5%
USD/HUF 5p HUF1000 20 41.31 2%
USD/MXN 5p MXN10 50 80.50 2.5%
USD/PLN 5p PLN10 25 33.51 1.5%

Scandinavian

Scandinavian pairs

Currency Pair [1]

Minimum bet size
(spread betting)

Value per point [2]
(CFDs)

Minimum spread

Average spread* [3]

Minimum requirement [4]

CAD/NOK 5p NOK10 25 65.94 1%
CHF/NOK 5p NOK10 40 55.77 1.5%
EUR/NOK 5p NOK10 25 34.27 0.75%
EUR/SEK 5p SEK10 30 37.76 0.75%
GBP/NOK 5p NOK10 50 76.70 1%
GBP/SEK 5p SEK10 50 78.55 1%
NOK/SEK 5p SEK10 6 12.07 1%
USD/DKK 10p DKK10 15 19.80 5%
USD/NOK 5p NOK10 25 35.20 0.75%
USD/SEK 5p SEK10 25 32.73 0.75%

Notes to tables

Foreign exchange CFDs and spread bets are a form of cash-settled trades 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 0.1 contracts. For every pair, one contract = 100,000 of the first-named currency.

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. As standard practice, we will then immediately convert this back to your default 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 22.00 that is still open after 22.00 (London time).

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

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.

Contact us

We're here 24hrs a day from 8am Sunday to 10pm Friday,
and 9am to 5pm Saturday.

0800 195 3100

You can also email us at newaccounts.uk@ig.com