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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

For every pair we offer a standard contract size (one contract = 100,000 of the first-named currency), with a minimum trade size of 0.01 lots (equivalent to 1000 of the first-named currency).

Currency Pair [1]

Value per pip

Minimum spread

Average Spread* [2]

Minimum requirement [3]

AUD/USD $10 1 1.2 3%
EUR/CHF CHF10 2 2.2 3%
EUR/GBP £10 1 1.3 5%
EUR/JPY Y1000 1.2 1.3 4%
EUR/USD $10 0.8 0.9 2%
GBP/JPY Y1000 2.5 2.6 5%
GBP/USD $10 1 1.3 5%
USD/CAD C$10 1.5 1.7 2%
USD/CHF CHF10 1.5 1.7 3%
USD/JPY Y1000 0.8 0.9 4%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending December 17 2018.

Minor pairs

For every pair we offer a standard contract size (one contract = 100,000 of the first-named currency), with a minimum trade size of 0.01 lots (equivalent to 1000 of the first-named currency).

Currency Pair [1]

Value per pip

Minimum spread

Average spread* [2]

Minimum requirement [3]

CAD/CHF CHF10 3 3.4 3%
CAD/JPY Y1000 3 3.3 4%
CHF/JPY Y1000 2 2.4 4%
EUR/CAD C$10 3 3.7 2%
EUR/SGD SGD10 6 6.6 5%
EUR/ZAR ZAR10 150 207.6 7%
GBP/CAD C$10 4 4.7 5%
GBP/CHF CHF10 3.2 4 5%
GBP/SGD SGD10 8 9 5%
GBP/ZAR ZAR10 200 257.6 7%
SGD/JPY Y1000 4 4.7 5%
USD/SGD SGD10 4 4.3 5%
USD/ZAR ZAR10 110 137.8 7%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending December 17 2018.

Australasian pairs

For every pair we offer a standard contract size (one contract = 100,000 of the first-named currency), with a minimum trade size of 0.01 lots (equivalent to 1000 of the first-named currency).

Currency Pair [1]

Value per pip

Minimum spread

Average spread* [2]

Minimum requirement [3]

AUD/CAD C$10 2.2 2.5 3%
AUD/CHF CHF10 3 3.2 3%
AUD/JPY Y1000 1.6 1.7 4%
AUD/NZD NZD10 3.6 3.8 3%
AUD/SGD SGD10 6 7 5%
EUR/AUD AUD10 2.4

2.8

3%
EUR/NZD NZD10 4 4.7 3%
GBP/AUD AUD10 2.8 3.5 5%
GBP/NZD NZD10 5 6 5%
NZD/CHF CHF10 5 5.6 3%
NZD/JPY Y1000 2.5 2.7 4%
NZD/USD $10 2.6 2.7 3%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending December 17 2018.

Exotic pairs

For every pair we offer a standard contract size (one contract = 100,000 of the first-named currency), with a minimum trade size of 0.01 lots (equivalent to 1000 of the first-named currency).

Currency Pair [1]

Value per pip

Minimum spread

Average spread* [2]

Minimum requirement [3]

CHF/HUF HUF1000 25 43.3 5%
EUR/HUF HUF1000 24 41.2 5%
EUR/MXN MXN10 120 211.9 8%
EUR/PLN PLN10 25 39.2 5%
GBP/HUF HUF1000 30 41.7 5%
GBP/MXN MXN10 150 216.5 8%
GBP/PLN PLN10 30 44.5 5%
USD/HUF HUF1000 25 38.6 5%
USD/MXN MXN10 50 72.9 8%
USD/PLN PLN10 25 30.9 5%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending December 17 2018.

Scandinavian pairs

For every pair we offer a standard contract size (one contract = 100,000 of the first-named currency), with a minimum trade size of 0.01 lots (equivalent to 1000 of the first-named currency).

Currency Pair [1]

Value per pip

Minimum spread

Average spread* [2]

Minimum requirement [3]

CAD/NOK NOK10 25 42.7 3%
CHF/NOK NOK10 40 51 3%
EUR/NOK NOK10 25 32.7 3%
EUR/SEK SEK10 30 38.5 3%
GBP/NOK NOK10 60 75.7 5%
GBP/SEK SEK10 60 78 5%
NOK/SEK SEK10 10 13.2 3%
USD/DKK DKK10 15 19.2 2%
USD/NOK NOK10 30 37.4 3%
USD/SEK SEK10 30 37.7 3%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending December 17 2018.

Our foreign exchange transactions provide exposure to changes in exchange rates, but cannot result in the delivery of the underlying currencies.

1. Normal trading hours for all pairs are from 22.00 (London time) on Sunday until 21.59 (London time) on Friday. All trading times listed are London times. Please note that Daylight Savings Time in the USA or UK 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. Margin requirements represent a percentage of the overall position value.

4. When you trade in a currency other than your default currency, your profit or loss will be realized 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%.

5. 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).

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