There is no commission to pay on our forex contracts; the only charge is our dealing spread.
Major Forex Pairs
For every pair we offer both a full contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).
| Market | Value per pip [b] | Minimum Spread [c] | Limited Risk Premium [d] | Margin Required (Trader/Select) [e] | |
|---|---|---|---|---|---|
| Full Contract | Mini Contract | ||||
| AUD/USD | USD10 | USD1 | 0.8 |
3 |
0.5% |
| EUR/CHF | CHF10 | CHF1 | 2 |
3 |
0.5% |
| EUR/GBP | GBP10 | GBP1 | 1 |
3 |
0.5% |
| EUR/JPY | JPY1000 | JPY100 | 1.7 |
3 |
0.5% |
| EUR/USD | USD10 | USD1 | 0.8 |
3 |
0.5% |
| GBP/EUR | EUR10 | EUR1 | 3 |
3 |
0.5% |
| GBP/JPY | JPY1000 | JPY100 | 2.8 |
5 |
0.5% |
| GBP/USD | USD10 | USD1 | 1 |
3 |
0.5% |
| USD/CAD | CAD10 | CAD1 | 2.5 |
3 |
0.5% |
| USD/CHF | CHF10 | CHF1 | 1.9 |
3 |
0.5% |
| USD/JPY | JPY1000 | JPY100 | 0.8 |
3 |
0.5% |
For average spreads please see Forex Spreads, updated weekly.
Minor Forex Pairs
For every pair we offer both a full contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).
| Market | Value per pip [b] | Minimum Spread [c] |
Limited Risk Premium [d] |
Margin Required (Trader/Select) [e] |
|
|---|---|---|---|---|---|
| Full Contract | Mini Contract | ||||
| CAD/CHF | CHF10 | CHF1 | 5 |
4 |
0.5% |
| CAD/JPY | Y1000 | Y100 | 4 |
3 |
0.5% |
| CHF/JPY | Y1000 | Y100 | 2 |
3 |
0.5% |
| EUR/CAD |
CAD10 | CAD1 | 6 |
8 |
0.5% |
| EUR/SGD | SGD10 | SGD1 | 10 |
13 |
1% |
| EUR/ZAR | ZAR10 | ZAR1 | 150 |
200 |
1% |
| GBP/CAD | CAD10 | CAD1 | 10 |
8 |
0.5% |
| GBP/CHF | CHF10 | CHF1 | 3 |
8 |
0.5% |
| GBP/SGD | SGD10 | SGD1 | 16 |
10 |
1% |
| GBP/ZAR | ZAR10 | ZAR1 | 200 |
200 |
1% |
| SGD/JPY | JPY1,000 | JPY100 | 10 |
4 |
1% |
| USD/SGD | SGD10 | SGD1 | 16 |
4 |
1% |
| USD/ZAR | ZAR10 | ZAR1 | 200 |
200 |
1% |
For average spreads please see Forex Spreads, updated weekly.
Australasian Forex Pairs
For every pair we offer both a full contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).
| Market | Value per pip [b] | Minimum Spread [c] | Limited Risk Premium [d] | Margin Required (Trader/Select) [e] | |
|---|---|---|---|---|---|
| Full Contract | Mini Contract | ||||
| AUD/CAD | CAD10 | CAD1 | 6 |
3 |
0.5% |
| AUD/CHF | CHF10 | CHF1 | 4 |
3 |
0.5% |
| AUD/EUR | EUR10 | EUR1 | 3 |
3 |
0.5% |
| AUD/GBP | GBP10 | GBP1 | 3 |
3 |
0.5% |
| AUD/JPY | JPY1000 | JPY100 | 3.5 |
3 |
0.5% |
| AUD/NZD | NZD10 | NZD1 | 12 |
10 |
1% |
| AUD/SGD | SGD10 | SGD1 | 8 |
6 |
1% |
| EUR/AUD | AUD10 | AUD1 | 8 |
8 |
0.5% |
| EUR/NZD | NZD10 | NZD1 | 14 |
15 |
0.5% |
| GBP/AUD | AUD10 | AUD1 | 11 |
12 |
0.5% |
| GBP/NZD | NZD10 | NZD1 | 10 |
20 |
1% |
| NZD/CHF | CHF10 | CHF1 | 8 |
4 |
1% |
| NZD/EUR | EUR10 | EUR1 | 1 |
3 |
1% |
| NZD/GBP | GBP10 | GBP1 | 4 |
3 |
1% |
| NZD/JPY | JPY1000 | JPY100 | 5 |
4 |
1% |
| NZD/USD | USD10 | USD1 | 2 |
3 |
1% |
For average spreads please see Forex Spreads, updated weekly.
Scandinavian Forex Pairs
For every pair we offer both a full contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).
| Market | Value per pip [b] | Minimum Spread [c] | Limited Risk Premium [d] | Margin Required (Trader/Select) [e] | |
|---|---|---|---|---|---|
| Full Contract | Mini Contract | ||||
| CHF/NOK | NOK10 | NOK1 | 40 |
60 |
1% |
| EUR/DKK | DKK10 | DKK1 | 14 |
200 |
1.5% |
| EUR/NOK | NOK10 | NOK1 | 40 |
60 |
1% |
| EUR/SEK | SEK10 | SEK1 | 40 |
60 |
1% |
| GBP/DKK | DKK10 | DKK1 | 40 |
45 |
1.5% |
| GBP/NOK | NOK10 | NOK1 | 60 |
100 |
1% |
| GBP/SEK | SEK10 | SEK1 | 60 |
100 |
1% |
| NOK/SEK | SEK10 | SEK1 | 15 |
15 |
1% |
| USD/DKK | DKK10 | DKK1 | 20 |
20 |
1.5% |
| USD/NOK | NOK10 | NOK1 | 40 |
60 |
1% |
| USD/SEK | SEK10 | SEK1 | 40 |
60 |
1% |
For average spreads please see Forex Spreads, updated weekly.
Exotic Forex Pairs
For every pair we offer both a full contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).
| Market | Value per pip [b] | Minimum Spread [c] | Limited Risk Premium [d] | Margin Required (Trader/Select) [e] | |
|---|---|---|---|---|---|
| Full Contract | Mini Contract | ||||
| CHF/HUF | HUF1,000 | HUF100 | 40 |
50 |
1.5% |
| EUR/CZK | CZK100 | CZK10 | 30 |
50 |
1.5% |
| EUR/HUF | HUF1000 | HUF100 | 30 |
50 |
1.5% |
| EUR/MXN | MXN10 | MXN1 | 200 |
300 |
1.5% |
| EUR/PLN | PLN10 | PLN1 | 35 |
60 |
1.5% |
| EUR/TRY | TRY10 | TRY1 | 20 |
15 |
1.5% |
| GBP/CZK | CZK100 | CZK10 | 30 |
50 |
1.5% |
| GBP/HUF | HUF1000 | HUF100 | 30 |
50 |
1.5% |
| GBP/MXN | MXN10 | MXN1 | 200 |
300 |
1.5% |
| GBP/PLN | PLN10 | PLN1 | 30 |
50 |
1.5% |
| GBP/TRY | TRY10 | TRY1 | 25 |
20 |
1.5% |
| USD/CZK | CZK100 | CZK10 | 25 |
50 |
1.5% |
| USD/HUF | HUF1000 | HUF100 | 30 |
50 |
1.5% |
| USD/MXN | MXN10 | MXN1 | 60 |
100 |
1.5% |
| USD/PLN | PLN10 | PLN1 | 25 |
50 |
1.5% |
| USD/TRY | TRY10 | TRY1 | 15 |
15 |
1.5% |
For average spreads please see Forex Spreads, updated weekly.
Emerging Forex Pairs
For every pair we offer both a full contract ($10) and a mini contract ($1).
| Market | Value per pip [b] | Minimum Spread [c] | Margin Required (Trader/Select) [e] | Dealing Hours | |
|---|---|---|---|---|---|
| Full Contract | Mini Contract | ||||
| USD/BRL | USD10 | USD1 | 30 |
3% |
13.05-22.00 |
| USD/CNY | USD10 | USD1 | 60 |
3% |
01.30-21.00 |
| USD/CLP | USD10 | USD1 | 250 |
3% |
13.05-22.00 |
| USD/INR | USD10 | USD1 | 20 |
3% |
02.00-21.00 |
| USD/KRW | USD10 | USD1 | 250 |
3% |
01.00-21.00 |
| USD/MYR | USD10 | USD1 | 80 |
3% |
02.00-21.00 |
| USD/PHP | USD10 | USD1 | 15 |
3% |
02.00-21.00 |
| USD/TWD | USD10 | USD1 | 100 |
3% |
02.00-21.00 |
| USD/RUB | USD10 | USD1 | 150 |
3% |
02.00-21.00 |
For average spreads please see Forex Spreads, updated weekly.
Notes to tables
Our Foreign Exchange transactions are a special form of CFD and give you exposure to changes in exchange rates but they are cash settled and cannot result in the delivery of the underlying currencies.
- Normal dealing hours for all pairs are from 21.00 (London time) on Sunday until 22.00 (London time) on Friday, with the exception of emerging-market pairs. All dealing times listed are London times.
- The minimum transaction size is one contract. Subject to this minimum size, transactions may be in fractions of a contract.
- Spreads are subject to variation, especially in volatile market conditions. Our spreads are derived from the spreads in the underlying market available to us from the banks with which we trade. We constantly monitor spreads in the underlying market, offering our minimum spread when the market spread is unusually tight. In most other conditions, our typical spread applies. If spreads in the underlying market move beyond 1.5 times our own spread, we match this movement pip for pip – but only up to three times our typical spread. This cap protects you against higher market spreads, giving you peace of mind in volatile market conditions. All our mini-forex contracts are offered at the same tight spreads as our main contracts.
- For Limited Risk transactions (where available), a Limited Risk premium is charged on the opening.
- 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 the PureDeal trading platform. Please note that higher margins may be required for large positions. Please see our Tiered Margining page for details.
- 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 PureDeal platform.
- For Foreign Exchange transactions, adjustments to reflect the relative interest rates of the currencies concerned are calculated and posted to the client's account daily. Interest adjustments are calculated as follows:
A = V x R
Where:
A = the funding cost
V = Number of contracts x Contract size
R = the current Tom-Next rate .(the difference in pips between the interest rate paid to borrow the currency that is being notionally sold overnight, and that received from holding the currency being notionally bought).
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 Tom/Next rate includes an IG Markets admin charge, not exceeding 0.3% p.a.
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.
- We will not charge any additional commission unless we notify you in writing.