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What are IG's forex spread bet 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
  • Scandinavian
  • Exotic
  • Emerging
  • Notes to tables

Spot Forex (major pairs)

Our dealing spread on a spot forex bet is significantly narrower than on the corresponding forward forex bet. Spot bets have the added advantage that there's no need to worry about any premium or discount for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread

Average spread* [2]

Limited risk
premium
[3]

Margin required  [4]

AUD/USD 24 hours 0.0001
$/A$
£1 0.6 0.75 0.8 0.5%
EUR/CHF 24 hours 0.0001
SF/€
£1 2 2.30 n/a 1.5%
EUR/GBP 24 hours 0.0001
£/€
£1 0.9 1.17 2 1%
EUR/JPY 24 hours 0.01
¥/€
£1 1.5 1.96 1.5 0.5%
EUR/USD 24 hours 0.0001
$/€
£1 0.6 0.75 1.2 0.5%
GBP/EUR 24 hours 0.0001
€/£
£1 2 2.60 2 1%
GBP/JPY 24 hours 0.01
¥/£
£1 2.5 3.04 2 1%
GBP/USD 24 hours 0.0001
$/£
£1 0.9 1.34 2 1%
USD/CAD 24 hours 0.0001
CD/$
£1 1.7 2.50 1.5 0.5%
USD/CHF 24 hours 0.0001
SF/$
£1 1.5 2.04 2 1.5%
USDJPY 24 hours 0.01
¥/$
£1 0.7 0.86 1.5 0.5%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.

Forward forex (major pairs)

Forward forex bets allow you to take longer term positions. The forward forex bets listed below are bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads listed below are in addition to the current Spot spread for each pair (listed above). [7]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Forward spread [7]

Limited risk
premium
[3]

Margin required [4]

GBP/USD 24 hours 0.0001
$/£
£1 9 3 1%
EUR/USD 24 hours 0.0001
$/€
£1 10 3 0.5%
USD/CHF 24 hours 0.0001
$/SF
£1 8 6 1.5%
EUR/GBP 24 hours 0.0001
£/€
£1 7 2 1%
USD/JPY 24 hours 0.01
¥/$
£1 9 3 0.5%
USD/CAD 24 hours 0.0001
CD/$
£1 6 3 0.5%

EUR/CHF

 

24 hours 0.0001
SF/€
£1 8 n/a 1.5%

EUR/JPY

 

24 hours 0.01
¥/€
£1 9 3 0.5%
GBP/EUR 24 hours 0.0001
€/£
£1 18 6 1%
GBP/JPY 24 hours 0.01
¥/£
£1 16 6 1%

Spot Forex (minor pairs)

Our dealing spread on a spot forex bet is significantly narrower than on the corresponding forward forex bet. Spot bets have the added advantage that there's no need to worry about any premium or discount for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Minimum spread Average spread* [2] Limited risk
premium
[3]
Margin required  [4]
CAD/CHF 24 hours 0.0001 SF/CD £1 2.5 3.16 2

1.5%

CAD/JPY 24 hours 0.01 ¥/CD £1 2.5 3.61 1.5 0.75%
CHF/JPY 24 hours 0.01 ¥/SF £1 2 2.76 3 1.5%
EUR/CAD 24 hours 0.0001 CD/€ £1 3 4.25 3 0.5%
EUR/SGD 24 hours 0.0001 SD/€ £1 5 6.19 4 0.75%
EUR/ZAR 24 hours 0.0001 €/£ 10p 150 198.98 100 2.5%
GBP/CAD 24 hours 0.0001 CD/£ £1 3.5 4.74 4 1%
GBP/CHF 24 hours 0.0001 SF/£ £1 3 3.98 4 1.5%
GBP/SGD 24 hours 0.01 SG/£ £1 8 10.42 4 1%
GBP/ZAR 24 hours 0.01 SR/£ 10p 200 256.98 150 2.5%
SGD/JPY 24 hours 0.01 ¥/SG £1 4 5.22 2 1%
USD/SGD 24 hours 0.01 SD/$ £1 3 3.55 1 0.75%
USD/ZAR 24 hours 0.01 SR/$ 10p 90 128.75 200 2.5%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.

Forward forex (minor pairs)

 

Forward forex bets allow you to take longer term positions. The forward forex bets listed below are bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads listed below are in addition to the current Spot spread for each pair (listed above). [7]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Forward spread [7] Limited risk
premium
[3]
Margin required [4]
CAD/JPY 24 hours 0.01 ¥/CD £1 10 6 0.5%
CHF/JPY 24 hours 0.01 ¥/SF £1 8 6 1.5%
EUR/CAD 24 hours 0.0001 CD/€ £1 14 12 0.5%
GBP/CAD 24 hours 0.0001 CD/£ £1 9 12 1%
GBP/CHF 24 hours 0.0001 SF/£ £1 16 12 1.5%
GBP/SGD 24 hours 0.01 SG/£ £1 20 20 1%
GBP/ZAR 24 hours 0.01 SR/£ 10p 200 400 2.5%
USD/SGD 24 hours 0.01 SD/$ £1 22 15 0.75%
USD/ZAR 24 hours 0.01 SR/$ 10p 200 250 2.5%

Spot Forex (Australasian pairs)

Our dealing spread on a spot forex bet is significantly narrower than on the corresponding forward forex bet. Spot bets have the added advantage that there's no need to worry about any premium or discount for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Minimum spread Average spread* [2] Limited risk
premium
[3]
Margin required [4]
AUD/CAD 24 hours 0.0001
CD/A$
£1 2 2.78 1 0.5%
AUD/CHF 24 hours 0.01
SF/A$
£1 2.5 2.95 2 1.5%
AUD/EUR 24 hours 0.01
€/A$
£1 1.5 2.83 1.5 0.5%
AUD/GBP 24 hours 0.0001
£/A$
£1 1.5 2.94 2 1%
AUD/JPY 24 hours 0.01
¥/A$
£1 1.3 1.91 1.5 0.5%
AUD/NZD 24 hours 0.0001
NZ/A$
£1 3 3.18 3 0.75%
AUD/SGD 24 hours 0.0001
SD/A$
£1 5 6.84 4 1%
EUR/AUD 24 hours 0.0001
A$/€
£1 1.8 2.61 2 0.5%
EUR/NZD 24 hours 0.0001
NZ/€
£1 3 4.02 4 0.75%
GBP/AUD 24 hours 0.0001
A$/£
£1 1.9 3.64 3 1%
GBP/NZD 24 hours 0.0001
NZ/£
£1 5 6.87 5 1%
NZD/CHF 24 hours 0.0001
SF/NZ
£1 4 5.60 3 1.5%
NZD/EUR 24 hours 0.0001
€/NZ
£1 1.5 1.99 1.5 0.75%
NZD/GBP 24 hours 0.0001
£/NZ
£1 2 3.01 2 1%
NZD/JPY 24 hours 0.01
¥/NZ
£1 2.5 3.21 1.5 0.75%
NZD/USD 24 hours 0.0001
$/NZ
£1 2 2.13 1 0.75%
NZD/CAD 24 hours 0.0001 £ £1 3.5 5.10 1 0.75%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.

Forward forex (Australasian pairs)

 

Forward forex bets allow you to take longer term positions. The forward forex bets listed below are bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads listed below are in addition to the current Spot spread for each pair (listed above). [7]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Forward spread [7] Limited risk
premium
[3]
Margin required [4]
AUD/JPY 24 hours 0.01
¥/A$
£1 7 6 0.5%
AUD/NZD 24 hours 0.01
NZ/A$
£1 10 15 0.75%
AUD/USD 24 hours 0.0001
$/A$
£1 10 6 0.5%
EUR/AUD 24 hours 0.0001
A$/€
£1 14 12 0.5%
EUR/NZD 24 hours 0.0001
NZ/€
£1 15 20 0.75%
GBP/AUD 24 hours 0.0001
A$/£
£1 15 15 1%
GBP/NZD 24 hours 0.0001
NZ/£
£1 20 20 1%
NZD/JPY 24 hours 0.01
¥/NZ
£1 11 6 0.75%
NZD/USD 24 hours 0.0001
$/NZ
£1 4 5 0.75%

Spot forex (Scandinavian pairs)

Our dealing spread on a spot forex bet is significantly narrower than on the corresponding forward forex bet. Spot bets have the added advantage that there's no need to worry about any premium or discount for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Minimum spread Average spread* [2] Limited risk
premium
[3]
Margin required [4]
CAD/NOK 24 hours 0.0001
NK/CD
20p 25 65.94 80 1%
CHF/NOK 24 hours 0.0001
NK/SF
20p 40 55.77 60 1.5%
EUR/DKK 24 hours 0.0001
DK/€
20p 10 14.40 200 5%
EUR/NOK 24 hours 0.0001
NK/€
20p 25 34.27 40 0.75%
EUR/SEK 24 hours 0.0001
SK/€
20p 30 37.76 40 0.75%
GBP/DKK 24 hours 0.0001
DK/£
20p 30 45.36 50 5%
GBP/NOK 24 hours 0.0001
NK/£
20p 50 76.70 60 1%
GBP/SEK 24 hours 0.0001
SK/£
20p 50 78.55 100 1%
NOK/SEK 24 hours 0.0001
SK/NK
20p 6 12.07 12 1%
USD/DKK 24 hours 0.0001
$/DK
20p 15 19.80 20 5%
USD/NOK 24 hours 0.0001
NK/$
20p 25 35.20 40 0.75%
USD/SEK 24 hours 0.0001
SK/$
20p 25 32.73 60 0.75%


* 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.

Forward forex (Scandinavian pairs)

 

Forward forex bets allow you to take longer term positions. The forward forex bets listed below are bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads listed below are in addition to the current Spot spread for each pair (listed above). [7]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Forward spread [7] Limited risk
premium
[3]
Margin required [4]
EUR/NOK 24 hours 0.0001
NK/€
20p 100 80 0.75%
EUR/SEK 24 hours 0.0001
SK/€
20p 100 80 0.75%
GBP/NOK 24 hours 0.0001
NK/£
20p 100 100 1%
GBP/SEK 24 hours 0.0001
SK/£
20p 100 120 1%
USD/NOK 24 hours 0.0001
NK/$
20p 60 60 0.75%
USD/SEK 24 hours 0.0001
SK/$
20p 60 80 0.75%

Spot forex (exotic pairs)

Our dealing spread on a spot forex bet is significantly narrower than on the corresponding forward forex bet. Spot bets have the added advantage that there's no need to worry about any premium or discount for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Minimum spread Average spread* [2] Limited risk
premium
[3]
Margin required [4]
CHF/HUF 24 hours 0.01
HF/SF
50p 25 39.40 50

2%

EUR/CZK 24 hours 0.01
CK/€
50p 25 28.04 50 5%
EUR/HUF 24 hours 0.01
HF/€
50p 20 42.09 50 2%
EUR/ILS 24 hours 0.0001
ILS/€
50p 40 83.28 80 2%
EUR/MXN 24 hours 0.0001
MP/€
10p 90 186.97 400 2.5%
EUR/PLN 24 hours 0.0001
PZ/€
50p 25 45.41 60 1.5%
EUR/TRY 24 hours 0.0001
CK/$
50p 15 29.44 15 2.5%
GBP/CZK 24 hours 0.01
CK/£
50p 30 34.49 50 5%
GBP/HUF 24 hours 0.01
HF/£
50p 25 42.33 50 2%
GBP/ILS 24 hours 0.0001
ILS/£
50p 50 103.49 150 2%
GBP/MXN 24 hours 0.0001
MP/£
10p 130 211.85 500 2.5%
GBP/PLN 24 hours 0.0001
PZ/£
50p 30 50.93 40 1.5%
GBP/TRY 24 hours 0.0001
HF/$
50p 20 37.70 20 2.5%
MXN/JPY 24 hours 0.01
¥/MP
£3 0.6 0.84 1.5 2.5%
NOK/JPY 24 hours 0.01
¥/NK
£10 0.8 1.22 1 1%
PLN/JPY 24 hours 0.01
¥/PZ
£5 2 2.82 3 1.5%
SEK/JPY 24 hours 0.01
¥/SK
£10 0.6 1.23 1 1%
TRY/JPY 24 hours 0.01
¥/HF
£1 5 6.91 8 2.5%
USD/CZK 24 hours 0.01
CK/$
50p 25 26.29 50 5%
USD/HUF 24 hours 0.01
HF/$
50p 20 41.31 50 2%
USD/ILS 24 hours 0.0001
ILS/$
50p 30 76.43 80 2%
USD/MXN 24 hours 0.0001
MP/$
10p 50 80.50 350 2.5%
USD/PLN 24 hours 0.0001
PZ/$
50p 25 33.51 40 1.5%
USD/TRY 24 hours 0.0001
CK/$
50p 12 23.87 10 2.5%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.

Spot forex (emerging pairs)

Our dealing spread on a spot forex bet is significantly narrower than on the corresponding forward forex bet. Spot bets have the added advantage that there's no need to worry about any premium or discount for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair Dealing hours [1] One point means Minimum bet Minimum spread  Average Spread* [2] Margin required[4]
AUD/CNH 24 hours 0.0001 CNH/AUD 20p 20 25.17 2.5%
CAD/CNH 24 hours 0.0001 CNH/CAD 20p 15 19.88 2.5%
CNH/JPY 24 hours 0.01 JPY/CNH £10 0.8 1.74 2.5%
EUR/CNH 24 hours 0.0001 CNH/EUR 20p 30 44.50 2.5%
EUR/RUB 07.00-17.00 0.0001 RUB/EUR 2p 2000 2663.78 5%
GBP/CNH 24 hours 0.0001 CNH/GBP 20p 35 39.12 2.5%
NZD/CNH 24 hours 0.0001 CNH/NZD 20p 15 23.01 2.5%
USD/CNH 24 hours 0.0001 CNH/USD 20p 10 15.46 2.5%
EMFX USD/RUB ($10 Contract) 07.00-17.00 0.0001 RUB/USD 2p 1600 2452.15 5%
EMFX BRL/JPY 13.05-22.00 0.01 JPY/BRL £5 3 4.64 5%
EMFX GBP/INR 01.30-21.00 0.01 INR/GBP £1 35 37.35 5%
EMFX USD/BRL 13.05-22.00 0.0001 BRL/USD £1 30 40.98 5%
EMFX USD/IDR 04.30-21.00 1 IDR/USD £1 80 106.64 5%
EMFX USD/INR 01.30-21.00 0.01 INR/USD £1 20 21.22 5%
EMFX USD/KRW 01.00-21.00 0.01 KRW/USD 10p 100 175.14 5%
EMFX USD/MYR 01.30-21.00 0.0001 MYR/USD £1 100 150.23 5%
EMFX USD/PHP 01.30-21.00 0.01 PHP/USD £1 15 19.37 5%
EMFX USD/TWD 01.30-21.00 0.001 TWD/USD £1 80 147.13 5%

 

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 24 February 2017. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.


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

The following notes apply to all of the preceding forex tables, wherever the corresponding number is found.

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. 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.

3. For limited-risk bets a limited-risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

4. Margin requirements represent a percentage of the overall position value. You can find the tiered margins from the Get Info dropdown section within each market in our trading platform. Please note that higher margins may be required for large positions. Please see our tiered margining page for more details.

5. When forward forex bets are rolled over, the initial bet is closed at the mid-price for the contract month, plus or minus half of our normal spread. The new bet is then opened at the mid-price of our current quote for the next contract month. If the initial bet was controlled risk, the full controlled risk premium is either added to the offer price or subtracted from the bid price depending on the direction of the bet.

6. Each day your DFB bet remains open, we make a cash adjustment to your account to reflect the funding costs of your bet. The funding adjustment is based on the tom-next spread for the currency pair (excluding bitcoin) involved including an admin fee of 0.0022% per day. 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. This will not always apply to emerging-market pairs. Emerging pairs are priced using one-month pricing, so the funding charge for these will depend on the three-day adjustment that is made in the underlying market.

7. Forward spread is added to the current spot spread for each pair to produce our forward prices. This means that dealing spreads available will be variable, depending upon market conditions.

All forex bets, not already closed by the client, settle on the last dealing day basis the middle of the IG price at the last dealing time, plus or minus half the IG spread. For forward bets typically this is the second Friday of the month for which the bet expires.

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