When trading forex there is no commission to pay; the only charge is the trading spread.
When underlying forex spreads are narrow, we pass this on to you with our tightest possible spreads. If forex spreads in the underlying market become unusually wide (over 1.5 times our typical spread), our spreads will match this move, but only up to our cap. By capping our maximum spread we protect you against the widest market spreads.
We offer over 70 forex pairs and our flexible pricing enables you to benefit from tight spreads in the underlying market across our full range for Full and Mini Forex Contracts.
Spreads for major forex pairs
The chart below shows our average dealing spread for a 24-hour period, over the last week.
Average dealing spread for week ending 11 May 2012
Vertical Axis: Average IG Markets dealing spread
Horizontal Axis: Time in hours (London time, Australia +11 hours)
Spreads for major pairs
| Pair | Min spread | Average spread | Pair | Min spread | Average spread | Pair | Min spread | Average spread |
|---|---|---|---|---|---|---|---|---|
| AUDUSD | 0.8 | 1.27 | EURUSD | 0.8 | 1.08 | GBPJPY | 2.8 | 3.01 |
| EURCHF | 2 | 2.06 | EURJPY | 1.7 | 1.78 | USDCHF | 1.9 | 2.35 |
| EURGBP | 1 | 1.30 | GBPUSD | 1 | 1.72 | USDJPY | 0.8 | 1.33 |
Spreads for minor pairs
| Pair | Min spread | Average spread | Pair | Min spread | Average spread | Pair | Min spread | Average spread |
|---|---|---|---|---|---|---|---|---|
| AUDCAD | 5 | 6.02 | EURPLN | 35 | 50.99 | NZDCHF | 6 | 6.62 |
| AUDCHF | 4 | 4.40 | EURSEK | 40 | 51.37 | NZDEUR | 1 | 1.72 |
| AUDEUR | 3 | 3.43 | EURSGD | 10 | 11.08 | NZDGBP | 2 | 2.09 |
| AUDGBP | 3 | 3.59 | GBPAUD | 11 | 11.57 | NZDJPY | 5 | 5.25 |
| AUDJPY | 3.5 | 3.69 | GBPCAD | 10 | 11.36 | NZDUSD | 2 | 2.11 |
| AUDNZD | 12 | 15.36 | GBPCHF | 3 | 5.17 | SGDJPY | 8 | 8.82 |
| AUDSGD | 8 | 9.03 | GBPCZK | 30 | 39.50 | USDCAD | 2.5 | 2.79 |
| CADCHF | 5 | 5.63 | GBPDKK | 40 | 62.90 | USDCZK | 25 | 32.23 |
| CADJPY | 4 | 5.00 | GBPEUR | 3 | 5.56 | USDDKK | 20 | 24.23 |
| CHFJPY | 2 | 3.60 | GBPHUF | 30 | 42.62 | USDHUF | 30 | 37.95 |
| EURAUD | 8 | 9.08 | GBPMXN | 200 | 246.64 | USDMXN | 60 | 84.45 |
| EURCAD | 6 | 6.26 | GBPNOK | 60 | 77.80 | USDNOK | 40 | 47.39 |
| EURCZK | 30 | 40.44 | GBPNZD | 10 | 13.60 | USDPLN | 25 | 34.22 |
| EURDKK | 14 | 17.72 | GBPPLN | 30 | 46.48 | USDSEK | 40 | 47.48 |
| EURHUF | 30 | 39.43 | GBPSEK | 60 | 71.72 | USDSGD | 5 | 5.45 |
| EURMXN | 200 | 234.27 | GBPSGD | 16 | 16.98 | USDZAR | 200 | 230.91 |
| EURNOK | 40 | 51.21 | GBPZAR | 200 | 255.27 | |||
| EURNZD | 14 | 14.43 | NOKSEK | 15 | 16.81 |
Notes
Our trading spreads are derived from the spreads available to us from the banks with which we trade in the underlying market. We constantly monitor these underlying spreads, and offer our minimum spread when the market spread is unusually tight.
Our typical spread applies in most other conditions. If trading spreads in the underlying forex market move more than 1.5 times our spread, we match this movement pip for pip; but only up to three times our typical spread. This cap protects you against the widest market spreads, offering peace of mind in volatile markets.
For more information about our spreads, including our typical forex spreads, please visit Contract Details.
Mini Forex Contracts
For every currency pair we offer Mini Contracts (one contract = 10,000 of the first-named currency), as well as Full Contracts (one contract = 100,000 of the first-named currency).
Our Mini Contracts are all available at the same tight spreads as our Full Contracts.