Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

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 1.4 3.3%
EUR/CHF CHF10 2 2.9 3.3%
EUR/GBP £10 1 1.8 3.3%
EUR/JPY Y1000 1.2 1.9 4.4%
EUR/USD $10 0.8 1.2 2.2%
GBP/JPY Y1000 2.5 3.5 3.3%
GBP/USD $10 1 1.7 3.3%
USD/CAD C$10 1.5 2.2 2.2%
USD/CHF CHF10 1.5 2.1 3.3%
USD/JPY Y1000 0.8 1.2 2.2%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 6 weeks ending September 25, 2020.

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 4.3 3.3%
CAD/JPY Y1000 3 4.2 2.2%
CHF/JPY Y1000 2 2.9 3.3%
EUR/CAD C$10 3 4.5 2.2%
EUR/SGD SGD10 6 8.8 6%
EUR/ZAR ZAR10 150 158.3 8.4%
GBP/CAD C$10 4 6.5 5.5%
GBP/CHF CHF10 3.2 4.6 3.3%
GBP/SGD SGD10 8 12.6 6%
GBP/ZAR ZAR10 200 275.8 8.4%
SGD/JPY Y1000 4 5.3 6%
USD/SGD SGD10 4 6 6%
USD/ZAR ZAR10 110 158.3 8.4%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 6 weeks ending September 25, 2020.

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 ip

Minimum spread

Average spread* [2]

Minimum requirement [3]

AUD/CAD $10 2.2 2.5 3.3%
AUD/CHF CHF10 3 3.3 3.3%
AUD/JPY Y1000 1.6 1.7 3.3%
AUD/NZD NZD10 3.6 3.8 3.3%
AUD/SGD SGD10 6 6.5 6%
EUR/AUD AUD10 2.4

2.9

3.3%
EUR/NZD NZD10 4 4.6 3.3%
GBP/AUD AUD10 2.8 4.1 5.5%
GBP/NZD NZD10 5 6.5 5.5%
NZD/CAD C$10 4.5 4.7 3.3%
NZD/CHF CHF10 5 5.3 3.3%
NZD/JPY Y1000 2.5 2.7 3.3%
NZD/USD $10 2.6 2.7 3.3%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 6 weeks ending December 16, 2019.

22Exotic 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 35 54.7 6%
EUR/CZK CZK100 25 41.6 6%
EUR/HUF HUF1000 24 48.8 6%
EUR/MXN MXN10 120 242 12%
EUR/PLN PLN10 25 44 6%
GBP/CZK CK100 36 52.9 6%
GBP/HUF HUF1000 30 60.8 6%
GBP/MXN MXN10 150 404.7 12%
GBP/PLN PLN10 30 54.5 6%
USD/CZK CZK100 25 33.8 6%
USD/HUF HUF1000 25 46.2 6%
USD/MXN MXN10 50 147 12%
USD/PLN PLN10 25 40.4 6%
USD/TRY TRY10 50 202.3 14.4%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 6 weeks ending September 25, 2020.

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 75.3 7%
CHF/NOK NOK10 40 78.7 7%
EUR/DKK DKK10 10 13.5 5.5
EUR/NOK NOK10 25 71 7%
EUR/SEK SEK10 30 57.4 3.3%
GBP/DKK DKK10 36 51 5.5%
GBP/NOK NOK10 60 123 7%
GBP/SEK SEK10 60 109.5 5.5%
NOK/SEK SEK10 10 20.5 7%
USD/DKK DKK10 15 19 6%
USD/NOK NOK10 30 69.7 7%
USD/SEK SEK10 30 57.5 3.6%

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the 6 weeks ending September 25, 2020.

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 MT4 pairs are from 10:00 pm London time (usually 5:00 pm ET) on Sunday until 4:59 pm ET on Friday. 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. Margins are subject to variation, especially in volatile market conditions.

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 adjustment is calculated for any position opened before 5:00 pm ET that is still open after 5:00 pm ET.

Note: Most forex pairs trade on a T+2 basis, and therefore any position opened before 5:00 pm ET Wednesday that is still open after 5:00 pm ET 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. Some pairs trade on a T+1 basis (such as USD/CAD and USD/TRY), and these pairs have a three-day adjustment on a Thursday at 5:00 pm ET. Adjustments will also take into account any holidays applicable to each currency in a pair.

Related questions

Join IG Academy

Become a better trader with IG Academy, our interactive online courses and expert-led webinars.

Trade forex with IG

Benefit from cutting-edge platforms, intuitive apps and expert service