CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

What are IG's forex CFD 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

Trade forex with the UK’s No.1 retail FX provider* and enjoy spreads on EUR/USD and AUD/USD from just 0.6 points.

Download all margin for forex CFDs here:

FX CFD Margin Tiers (Retail) (1MB)

FX CFD Margin Tiers (Professional) (1MB)

  • Major
  • Minor
  • Australasian
  • Scandinavian
  • Exotic
  • Emerging
  • Notes to table

Major

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair [1]

Value per point[2]

Minimum spread

Average spread* [3]

Guaranteed stop premium

Retail margin required

Professional margin required

Standard

Mini

Percentage

EUR/CHF CHF10 CHF1 2 3.04 n/a 3.33% 1.35%
EUR/GBP £10 £1 0.9 1.89 2 3.33% 0.45%
EUR/JPY Y1000 Y100 1.5 2.43 1.5 3.33% 0.45%
EUR/USD $10 $1 0.6 1.04 1.2 3.33% 0.45%
GBP/EUR €10 €1 2 3.25 2 3.33% 0.45%

GBP/JPY

Y1000 Y100 2.5 3.86 2 3.33% 0.45%
GBP/USD $10 $1 0.9 1.83 2 3.33% 0.45%
USD/CAD C$10 C$1 1.3 2.06 1.5 3.33% 0.45%
USD/CHF CHF10 CHF1 1.5 2.22 2 3.33% 1.35%
USD/JPY Y1000 Y100 0.7 1.18 1.5 3.33% 0.45%
CAD/CHF CHF10 Y100 2.5 3.95 2 3.33% 1.35%
CAD/JPY Y1000 Y100 2 3.34 1.5 3.33% 0.45%
CHF/JPY Y1000 Y100 2 3.10 3 3.33% 1.35%
EUR/CAD C$10 C$1 2.25 4.13 3 3.33% 0.45%
GBP/CAD C$10 C$1 3 5.83 4 3.33% 0.90%
GBP/CHF CHF10 CHF1 3.0 4.84 4 3.33% 1.35%
Weekend GBPUSD $10 $1 6 n/a n/a 3.33% 0.9%
Weekend USDJPY Y1000 Y100 4 n/a n/a 3.33% 0.45%
Weekend EUR/USD $10 $1 6 n/a n/a 3.33% 0.45%

* 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 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 CFD and MT4 details.

1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released June 2020).

Minor

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Guaranteed stop premium [4]

Retail margin required [5]

Professional margin required [5]

Standard

Mini

AUD/USD $10 $1 0.6 1.03 0.8 5% 0.45%
EUR/SGD SGD10 SGD1 4 7.17 4 5% 0.68%
EUR/ZAR ZAR10 ZAR1 150 232.81 100 5% 4.5%
GBP/SGD SGD10 SGD1 5 10.43 4 5% 0.68%
GBP/ZAR ZAR10 ZAR1 200 283.43 150 5% 4.5%
SGD/JPY Y1000 Y100 4 5.51 2 5% 0.9%
USD/SGD SGD10 SGD1 3 5.27 1 5% 0.68%
USD/ZAR ZAR10 ZAR1 90 136.67 200 5% 4.5%

* 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 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 CFD and MT4 details.

1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released June 2020).

Australasian

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Guaranteed risk premium [4]

Retail margin required [5]

Professional margin required [5]

Standard

Mini

AUD/CAD C$10 C$1 1.5 3.40 1 5% 0.45%
AUD/CHF CHF10 CHF1 2 3.40 2 5% 1.35%
AUD/EUR EUR10 EUR1 1.5 2.57 1.5 5% 0.45%
AUD/GBP £10 £1 1.5 2.71 2 5% 0.45%
AUD/JPY Y1000 Y100 1.3 2.17 1.5 5% 0.45%
AUD/NZD NZD10 NZD1 2.5 3.77 3 5% 0.68%
AUD/SGD SGD10 SGD1 3 5.72 4 5% 0.9%
EUR/AUD AUD10 AUD1 1.8 3.84 2 5% 0.45%
EUR/NZD NZD10 NZD1 3 4.94 4 5% 0.68%
GBP/AUD AUD10 AUD1 1.9 4.72 3 5% 0.45%
GBP/NZD NZD10 NZD1 5 5.10 5 5% 0.68%
NZD/CHF CHF10 CHF1 4 4.35 3 5% 1.35%
NZD/EUR EUR10 EUR1 1.5 1.90 1.5 5% 0.68%
NZD/GBP £10 £1 2 2.64 2 5% 0.9%
NZD/JPY Y1000 Y100 2 2.83 1.5 5% 0.68%
NZD/USD $10 $1 1.8 2.23 1 5% 0.68%
NZD/CAD C$10 C$1 3.5 4.50 1 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 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 CFD and MT4 details.

1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released June 2020).

Scandinavian

We provide all the Nordic currencies of standard contracts ( one contract = 100,000 of the first currency ) and mini contract ( one contract = 10,000 of the first currency ) .

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Limited risk premium [4]

Retail margin required [5]

Professional Margin required[9]

Standard

Mini

CAD/NOK NOK10 NOK1 25 75.88 80 5% 0.9%
CHF/NOK NOK10 NOK1 40 84.76 60 5% 1.35%
EUR/DKK DKK10 DKK1 10 13.80 200 5% 4.5%
EUR/NOK NOK10 NOK1 25 75.72 40 5% 0.9%
EUR/SEK SEK10 SEK1 30 60.11 40 5% 0.9%
GBP/DKK DKK10 DKK1 30 49.40 50 5% 4.5%
GBP/NOK NOK10 NOK1 50 116.32 60 5% 0.68%
GBP/SEK SEK10 SEK1 40 88.35 100 5% 0.68%
NOK/SEK SEK10 SEK1 6 15.63 12 5% 0.9%
USD/DKK DKK10 DKK1 15 20.05 20 5% 4.5%
USD/NOK NOK10 NOK1 25 65.63 40 5% 0.9%
USD/SEK SEK10 SEK1 25 50.66 60 5% 0.9%

* 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 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 CFD and MT4 details.

1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released June 2020).

Exotic

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Guaranteed stop premium [4]

Retail margin required [5]

Professional margin required [9]

Standard

Mini

CHF/HUF HUF1000 HUF100 25 48.86 50 5% 1.8%
CHFTRY TRY10 TRY1 25 315.92 100 7.50% 6.75%
EUR/CZK CZK100 CZK10 25 44.46 50 5% 6.75%
EUR/HUF HUF1000 HUF100 20 50.94 50 5% 4.5%
EUR/ILS ILS10 ILS1 40 76.95 80 5% 1.8%
EUR/MXN MXN10 MXN1 100 234.61 400 5% 2.25%
EUR/PLN PLN10 PLN1 25 50.37 60 5% 1.35%
EUR/TRY TRY10 TRY1 60 260.15 15 7.5% 6.75%
GBP/CZK CZK100 CZK10 30 52.53 50 5% 4.5%
GBP/HUF HUF1000 HUF100 25 64.21 50 5% 1.8%
GBP/ILS ILS10 ILS1 50 94.64 150 5%

1.8%

GBP/MXN MXN10 MXN1 130 393.74 500 5% 2.25%
GBP/PLN PLN10 PLN1 30 62.61 40 5% 1.35%
GBP/TRY TRY10 TRY1 70 277.85 20 7.5% 6.75%
MXN/JPY JPY1000 JPY100 0.6 0.84 1.5 5% 2.25%
NOK/JPY JPY1000 JPY100 0.8 1.80 1 5% 0.9%
PLN/JPY JPY1000 JPY100 2 3.47 3 5% 1.35%
SEK/JPY JPY1000 JPY100 0.6 1.43 1 5% 0.9%
TRY/JPY JPY1000 JPY100 8 8.10 8 7.5% 6.75%
USD/CZK CZK100 CZK10 25 36.08 50 5% 4.5%
USD/HUF HUF1000 HUF100 20 43.38 50 5% 1.8%
USD/ILS ILS10 ILS1 50 77.24 80 5% 1.8%
USD/MXN MXN10 MXN1 50 153.50 350 5% 2.25%
USD/PLN PLN10 PLN1 25 43.04 40 5% 1.35%
USD/TRY TRY10 TRY1 50 119.53 10 7.5% 6.75%

Emerging

Emerging markets pairs are either quoted based on the spot market (Spot FX) or one-month non-deliverable forward prices (EMFX). For every pair we offer both a full contract and a mini contract. Spot FX contracts are priced in the pair's second named currency, but EMFX contracts are only priced in US dollars, Japanese yen or sterling.

Currency pair [1]

Value per point[2]

Minimum Spread

Average spread [3]

Margin required [5]

Professional margin required [9]

Dealing hours

Standard

Mini

AUD/CNH CNH10 CNH1 20 35.58 5% 2.25% 24 hours
CAD/CNH CNH10 CNH1 15 26.43 5% 2.25% 24 hours
CNH/JPY ¥1000 ¥100 0.8 1.52 5% 2.25% 24 hours
EUR/CNH CNH10 CNH1 30 42.11 5% 2.25% 24 hours
EUR/RUB RUB10 RUB1 1200 1816.86 5% 4.5% 07.00-17.00
GBP/CNH CNH10 CNH1 35 54.90 5% 2.25% 24 hours
NZD/CNH CNH10 CNH1 15 24.04 5% 2.25% 24 hours
RUB/JPY ¥1000 ¥100 2.5 1.10 5.00% 4.5% 07:00-17:00
USD/CNH CNH10 CNH1 10 18.11 5% 2.25% 24 hours
[currencies:USD/HKD] HKD10 HKD1 5 1.52 5% 4.5% 24 hours
[currencies:USD/THB] THB10 THB1 1 1.52 5% 4.5% 24 hours
EMFX USD/RUB ($10 Contract) RUB10 RUB1 1000 1434.57 5% 4.5% 07.00-17.00
EMFX BRL/JPY ¥1000 ¥100 5 5.41 5% 4.5% 13.05-22.00
EMFX GBP/INR £10 £1 35 23.39 5% 4.5% 01.30-21.00
[currencies:EMFXINR/JPY ¥1000 ¥100 1.3 N/A 5% 4.5% 01:30-21:00
EMFX USD/BRL $10 $1 50 67.24 5% 4.5% 13.05-22.00
EMFX USD/IDR $10 $1 80 20.95 5% 4.5% 04.30-21.00
EMFX USD/INR $10 $1 20 17.21 5% 4.5% 01.30-21.00
EMFX USD/KRW $10 $1 100 144.30 5% 4.5% 01.00-21.00
USDMYR $10 $1 100 N/A 5% 4.5% 01.30-21.00
EMFX USD/PHP $10 $1 15 5.37 5% 4.5% 01.30-21.00
EMFX USD/TWD $10 $1 80 24.06 5% 4.5% 01.30-21.00

* 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 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 CFD and MT4 details.

1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released June 2020).

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

Our foreign exchange transactions are a special form of cash-settled CFD 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 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. The minimum transaction size is one contract. Transactions above this minimum size, can be in fractions of a contract.

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. For limited-risk trades 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.

5. 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.

6. 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. You can change this at any time via the trading platform.

7. For foreign exchange transactions (excluding bitcoin), 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).

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.

8. On FX markets where a commission is charged we will not charge additional commission unless we notify you in writing.

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