With our transparent pricing, you can be confident you understand the value of each trade. There's no commission to pay - we simply charge a bid-offer spread, which can be as little as 0.8 pips.
Forex trading involves risk. Losses can exceed deposits
Forex trading costs
Forex trading involves risk. Losses can exceed deposits
Spreads, commissions and margins
You pay a spread on every trade. Find these forex trading fees for individual markets below, or see our ‘costs and charges’ document for examples of how spreads and margins can affect your positions.
Major forex pairs
Major forex pairs
Market name |
Value |
Min spread |
Ave spread* |
Margin req |
|---|---|---|---|---|
| Spot EUR/USD | $10 | 0.8 | 0.9 | 2% |
Spot AUD/USD |
$10 | 1 | 1.2 | 3% |
| Spot EUR/GBP | £10 | 1 | 1.3 | 5% |
| Spot GBP/USD | $10 | 1 | 1.3 | 5% |
Minor forex pairs
Minor forex pairs
Market name |
Value |
Min spread |
Ave spread2 |
Margin req |
|---|---|---|---|---|
| CAD/CHF | CHF10 | 3 | 3.4 | 3% |
CAD/JPY |
¥1000 | 3 | 3.3 | 4% |
| EUR/CAD | C$10 | 3 | 3.7 | 2% |
| GBP/CAD | C$10 | 4 | 4.7 | 5% |
| USD/SGD | SGD10 | 4 | 4.3 | 5% |
| USD/ZAR | ZAR10 | 110 | 137.8 | 7% |
Understanding margin
Margin trading gives you full exposure to a market using only a fraction of the capital you’d normally need. It is the amount of money you need to open a position, defined by the margin rate.
Margin with IG
When trading on margin, it's important to be aware that your risk is also based on your full exposure to the market.
Funding and interest
We apply funding and interest charges to forex trades, as explained below. You can also see our ‘costs and charges’ document for examples of how these forex trading costs can affect your positions.
If you keep a position open overnight (after 5pm EST) we will make an adjustment to your account, to reflect the cost of funding your position.
Extra services and charges
There are some extra services that we charge for.
Service |
Charge |
|---|---|
| Inactivity fee | We charge a $12 fee on the first of every month, if no trading activity has occurred for two years or more. |
Charges passed on from third parties include:
- Fees for international deposits or those not made in US dollars
- Withdrawals via wire payments ($15)
Charges and funding FAQs
Open a trading 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 12 weeks ending the 17th December 2018.
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