*Data based on analysis of MT4 offered by key Australian competitors. Competitor average spreads as at 5 March 2018. Source: competitor websites. Details below.
See opportunity, trade it for less on MT4
At IG, what you see is what you get. No hidden costs, no commission - just low spreads and fast execution from Australia’s No.1 CFD/FX provider.1
Compare us to the rest
Do you know what you’re actually paying? You may not be aware of the hidden costs involved.
A lot of FX providers advertise spreads as low as 0.2. But they don’t mention the commission they charge on top.
USD/JPY
| Average spread | Commission | What you actually pay | |
| IG | 0.77 | - | 0.84 |
| Pepperstone Razor | 0.25 | 0.56 | 0.81 |
| AxiTrader Pro | 0.72 | 0.78 | 1.50 |
| Oanda | 1.20 | - | 1.20 |
| AxiTrader Standard | 1.52 | - | 1.52 |
| Pepperstone Standard | 1.25 | - | 1.25 |
| IC Markets Standard | 1.20 | - | 1.20 |
EUR/USD
| Average spread | Commission | What you actually pay | |
| IG | 0.69 | - | 0.69 |
| Pepperstone Razor | 0.16 | 0.50 | 0.66 |
| AxiTrader Pro | 0.28 | 0.70 | 0.98 |
| Oanda | 1.20 | - | 1.20 |
| AxiTrader Standard | 1.38 | - | 1.38 |
| Pepperstone Standard | 1.16 | - | 1.16 |
| IC Markets Standard | 1.10 | - | 1.10 |
GBP/USD
| Average spread | Commission | What you actually pay | |
| IG | 1.38 | - | 1.38 |
| Pepperstone Razor | 0.49 | 0.50 | 0.99 |
| AxiTrader Pro | 0.89 | 0.70 | 1.59 |
| Oanda | 1.90 | - | 1.90 |
| AxiTrader Standard | 1.69 | - | 1.69 |
| Pepperstone Standard | 1.49 | - | 1.49 |
| IC Markets Standard | 1.40 | - | 1.40 |
Platform and execution
At IG, we guarantee we’ll never fill your trade at a worse level. Plus we source our prices from a large number of venues, meaning our clients have saved over £55 million in price improvements since January 2013.
We facilitate over 4.7 million transactions a month,2 and maintain a core platform uptime of 99.98%.3
Forex conversion fees
If your account balance is in AUD and you trade something like GBP/USD, you’ll get charged to convert to the currency of your trade.
How much does this cost you? Can you even find out what you get charged?
IG charges a flat rate of 0.5% across the board – a rate that's clear, simple and fair.
* Average spreads for February 2018 or, where historical data not published, daily average spread on 14 March 2018 from: www.axitrader.com/au (February 2018), www.pepperstone.com (14 March 2018), www.oanda.com (14 March 2018), www.ig.com/au (February 2018).
1 Number 1 in Australia by primary relationships, Investment Trends November 2016 FX Report
Other fees and charges may also apply.
2 Average per month, IG globally (12 months to August 2016)
3 IG globally, 99.98% core platform uptime, 12 months to August 2016
