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
  • Major
  • Minor
  • Australasian
  • Exotic
  • Scandinavian
  • Notes to tables

Major pairs

Currency Pair [1]

Minimum bet size
(spread betting)

Value per point [2]
(CFDs)

Minimum spread

Average Spread
(00:00-21:00)** [3]

Average Spread* [3]

Retail minimum requirement [4]

Professional minimum requirement [8]

EUR/CHF

10p CHF10 2 2.49 2.93 3.33% 1.35%

EUR/GBP

10p £10 0.9 1.19 1.71 3.33% 0.45%

EUR/JPY

10p Y1000 1.5 1.76 2.27 3.33% 0.45%

EUR/USD

10p $10 0.6 0.75 1.00 3.33% 0.45%

GBP/JPY

10p Y1000 2.5 2.84 3.61 3.33% 0.45%

GBP/USD

10p $10 0.9 1.19 1.66 3.33% 0.45%

USD/CAD

10p C$10 1.3 1.68 1.98 3.33% 0.45%

USD/CHF

10p CHF10 1.5 1.91 2.15 3.33% 1.35%

USD/JPY

10p Y1000 0.7 0.83 1.12 3.33% 0.45%

CAD/CHF

10p CHF10 2.5 3.63 3.88 3.33% 1.35%

CAD/JPY

10p Y1000 2 2.91 3.22 3.33% 0.45%

CHF/JPY

10p Y1000 2 2.46 2.99 3.33% 1.35%

EUR/CAD

10p C$10 2.5 3.43 4.01 3.33% 0.45%

GBP/CAD

10p C$10 3 4.51 5.42 3.33% 0.45%

GBP/CHF

10p CHF10 3 3.82 4.47 3.33% 1.35%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.

Minor pairs

Currency Pair [1]

Minimum bet size

Value per point [2]

Minimum spread

Average spread
(00:00-21:00)** [3]

Average spread* [3]

Retail minimum requirement [4]

Professional minimum requirement [8]

AUD/USD

10p $10 0.6 0.74 1.01 5% 0.45%

EUR/SGD

10p SGD10 4 5.88 7.04 5% 0.68%

EUR/ZAR

5p ZAR10 150 202.03 229.19 5% 4.50%

GBP/SGD

10p SGD10 5 8.47 9.90 5% 0.68%

GBP/ZAR

5p ZAR10 200 249.42 275.27 5% 4.50%

SGD/JPY

10p Y1000 4 4.91 5.42 5% 0.9%

USD/SGD

10p SGD10 3 4.50 5.21 5% 0.68%

USD/ZAR

5p ZAR10 90 121.56 137.83 5% 4.50%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details

Australasian pairs

Currency Pair [1]

Minimum bet size

Value per point [2]

Minimum spread

Average spread
(00:00-21:00)** [3]

Average spread* [3]

Retail minimum requirement [4]

Professional minimum requirement [8]

AUD/CAD

10p C$10 1.5 2.68 3.24 5% 0.45%

AUD/CHF

10p CHF10 2 2.91 3.33 5% 1.35%

AUD/JPY

10p Y1000 1.3 1.62 2.06 5% 0.45%

AUD/NZD

10p NZD10 2.5 3.10 3.77 5% 0.68%

AUD/SGD

10p SGD10 3 4.89 5.71 5% 0.9%

EUR/AUD

10p AUD10 1.8 2.81 3.74 5% 0.45%

EUR/NZD

10p NZD10 3 4.19 5.03 5% 0.68%

GBP/AUD

10p AUD10 1.9 3.52 4.72 5% 0.45%

GBP/NZD

10p NZD10 5 5.90 7.07 5% 0.68%

NZD/AUD

AUD10 AUD1 3.5 4.76 5.45 5% 0.68%

NZD/CHF

10p CHF10 4 4.17 4.31 5% 1.35%

NZD/JPY

10p Y1000 2 2.55 2.89 5% 0.68%

NZD/USD

10p $10 1.8 2.10 2.30 5% 0.68%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details

Exotic pairs

Currency Pair [1]

Minimum bet size
(spread betting)

Value per point [2]
(CFDs)

Minimum spread

Average spread
(00:00-21:00)** [3]

Average spread* [3]

Retail minimum requirement [4]

Professional minimum requirement [8]

CHF/HUF 5p HUF1000 25 36.69 43.87 5% 1.8%
EUR/HUF 5p HUF1000 20 36.46 43.46 5% 1.8%
EUR/MXN 5p MXN10 100 225.46 247.70 5% 2.25%
EUR/PLN 5p PLN10 25 36.74 42.81 5% 1.35%
GBP/HUF 5p HUF1000 25 43.66 54.27 5% 1.8%
GBP/MXN 5p MXN10 130 375.87 394.14 5% 2.25%
GBP/PLN 5p PLN10 30 44.61 52.80 5% 1.35%
USD/HUF 5p HUF1000 20 35.32 40.65 5% 1.8%
USD/MXN 5p MXN10 50 139.66 150.41 5% 2.25%
USD/PLN 5p PLN10 25 36.65 39.96 5% 1.35%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details

Scandinavian pairs

Currency Pair [1]

Minimum bet size
(spread betting)

Value per point [2]
(CFDs)

Minimum spread

Average spread
(00:00-21:00)** [3]

Average spread* [3]

Retail minimum requirement [4]

Professional minimum requirement [8]

CAD/NOK 5p NOK10 25 62.30 76.34 5% 0.9%
CHF/NOK 5p NOK10 40 51.65 81.31 5% 1.35%
EUR/NOK 5p NOK10 25 47.24 75.77 5% 0.68%
EUR/SEK 5p SEK10 30 46.41 59.67 5% 0.68%
GBP/NOK 5p NOK10 50 77.03 115.13 5% 0.68%
GBP/SEK 5p SEK10 40 75.93 89.53 5% 0.68%
NOK/SEK 5p SEK10 6 13.21 16.53 5% 0.9%
USD/DKK 10p DKK10 15 17.26 19.33 5% 4.5%
USD/NOK 5p NOK10 25 46.04 66.19 5% 0.68%
USD/SEK 5p SEK10 25 46.62 52.71 5% 0.68%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 29th May 2020. For our minimum spreads, please see our forex spread bet, CFD and MT4 details

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 0.5%.

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 the IG charge for holding positions overnight which is no more than 0.0022% a day.

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. Overnight funding for the US Dollar Basket is calculated in the same way as for commodities without fixed expiries. Please see our overnight funding page for more details.

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

9. Professional clients 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 professional trading page.


How to download MetaTrader 4

New to IG

To start trading with Metatrader 4, first you’ll need to create an IG accountOnce 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 both CFDs and spread betting by clicking ‘add another account.’

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.