Forex CFD product details
Our forex CFD 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. When trading FX contracts it is important to remain up to date with any changes, as 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 forex contract sizes, 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
For every pair we offer two forex contract sizes, 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 | Average spread* [3] | Guaranteed stop premium [4] | Retail margin required [5] | |
| Standard | Mini | (00:00-21:00)** [3] | |||||
| EUR/CHF | CHF10 | CHF1 | 2 | 2.64 | 3.04 | n/a | 3.33% |
| EUR/GBP | £10 | £1 | 0.9 | 1.4 | 1.89 | 2 | 3.33% |
| EUR/JPY | Y1000 | Y100 | 1.5 | 1.97 | 2.43 | 1.5 | 3.33% |
| EUR/USD | $10 | $1 | 0.6 | 0.85 | 1.04 | 1.2 | 3.33% |
| GBP/EUR | € 10 | € 1 | 2 | 2.73 | 3.25 | 2 | 3.33% |
| GBP/JPY | Y1000 | Y100 | 2.5 | 3.17 | 3.86 | 2 | 3.33% |
| GBP/USD | $10 | $1 | 0.9 | 1.4 | 1.83 | 2 | 3.33% |
| USD/CAD | C$10 | C$1 | 1.3 | 1.77 | 2.06 | 1.5 | 3.33% |
| USD/CHF | CHF10 | CHF1 | 1.5 | 1.99 | 2.22 | 2 | 3.33% |
| USD/JPY | Y1000 | Y100 | 0.7 | 0.94 | 1.18 | 1.5 | 3.33% |
| CAD/CHF | CHF10 | CHF1 | 2.5 | 3.71 | 3.95 | 2 | 3.33% |
| CAD/JPY | Y1000 | Y100 | 2 | 3.05 | 3.34 | 1.5 | 3.33% |
| CHF/JPY | Y1000 | Y100 | 2 | 2.63 | 3.1 | 3 | 3.33% |
| EUR/CAD | C$10 | C$1 | 2.5 | 3.58 | 4.13 | 3 | 3.33% |
| GBP/CAD | C$10 | C$1 | 3 | 4.92 | 5.83 | 4 | 3.33% |
| GBP/CHF | CHF10 | CHF1 | 3 | 4.2 | 4.84 | 4 | 3.33% |
| Weekend GBP/USD | $10 | $1 | 6 | N/A | N/A | N/A | 3.33% |
| Weekend USD/JPY | Y1000 | Y100 | 4 | N/A | N/A | N/A | 3.33% |
| Weekend EUR/USD | $10 | $1 | 6 | N/A | N/A | N/A | 3.33% |
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
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 | Average spread* [3] | Guaranteed stop premium [4] | Retail margin required [5] | |
| Standard | Mini | (00:00-21:00)** [3] | |||||
| AUD/USD | $10 | $1 | 0.6 | 0.82 | 1.03 | 1.5 | 5% |
| EUR/SGD | SGD10 | SGD1 | 2.5 | 3.76 | 4.95 | 4 | 5% |
| EUR/ZAR | ZAR10 | ZAR1 | 150 | 211.48 | 232.81 | 100 | 5% |
| GBP/SGD | SGD10 | SGD1 | 3 | 4.81 | 6.2 | 4 | 5% |
| GBP/ZAR | ZAR10 | ZAR1 | 200 | 261.99 | 283.43 | 150 | 5% |
| SGD/JPY | Y1000 | Y100 | 2 | 3.76 | 4.45 | 2 | 5% |
| USD/SGD | SGD10 | SGD1 | 2 | 3.05 | 3.85 | 1 | 5% |
| USD/ZAR | ZAR10 | ZAR1 | 90 | 123.53 | 136.67 | 200 | 5% |
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
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 | Average spread* [3] | Guaranteed stop premium [4] | Retail margin required [5] | |
| Standard | Mini | (00:00-21:00)** [3] | |||||
| AUD/CAD | C$10 | C$1 | 1.5 | 2.89 | 3.4 | 1 | 5% |
| AUD/CHF | CHF10 | CHF1 | 2 | 3 | 3.4 | 2 | 5% |
| AUD/EUR | EUR10 | EUR1 | 1.5 | 2.31 | 2.57 | 1.5 | 5% |
| AUD/GBP | £10 | £1 | 1.5 | 2.42 | 2.71 | 2 | 5% |
| AUD/JPY | Y1000 | Y100 | 1.3 | 1.79 | 2.17 | 1.5 | 5% |
| AUD/NZD | NZD10 | NZD1 | 2.5 | 3.2 | 3.77 | 3 | 5% |
| AUD/SGD | SGD10 | SGD1 | 2 | 3.79 | 4.52 | 4 | 5% |
| EUR/AUD | AUD10 | AUD1 | 1.8 | 3.1 | 3.84 | 2 | 5% |
| EUR/NZD | NZD10 | NZD1 | 3 | 4.16 | 4.94 | 4 | 5% |
| GBP/AUD | AUD10 | AUD1 | 1.9 | 4.04 | 5.1 | 3 | 5% |
| GBP/NZD | NZD10 | NZD1 | 5 | 6.16 | 7.25 | 5 | 5% |
| NZD/AUD | AUD10 | AUD1 | 3.5 | 4.65 | 5.27 | 1 | 5% |
| NZD/CHF | CHF10 | CHF1 | 4 | 4.19 | 4.35 | 3 | 5% |
| NZD/EUR | EUR10 | EUR1 | 1.5 | 1.68 | 1.9 | 1.5 | 5% |
| NZD/GBP | £10 | £1 | 2 | 2.35 | 2.64 | 2 | 5% |
| NZD/JPY | Y1000 | Y100 | 2 | 2.53 | 2.83 | 1.5 | 5% |
| NZD/USD | £10 | £1 | 1.8 | 2.05 | 2.23 | 1 | 5% |
| NZD/CAD | C$10 | C$1 | 3.5 | 4.15 | 4.5 | 1 | 5% |
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
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 | Average spread* [3] | Guaranteed stop premium [4] | Retail margin required [5] | |
| Standard | Mini | (00:00-21:00)** [3] | |||||
| CAD/NOK | NOK10 | NOK1 | 25 | 58.77 | 75.88 | 80 | 5% |
| CHF/NOK | NOK10 | NOK1 | 40 | 54.39 | 84.76 | 60 | 5% |
| EUR/DKK | DKK10 | DKK1 | 10 | 12.69 | 13.8 | 200 | 5% |
| EUR/NOK | NOK10 | NOK1 | 25 | 48.77 | 75.72 | 40 | 5% |
| EUR/SEK | SEK10 | SEK1 | 30 | 48.66 | 60.11 | 40 | 5% |
| GBP/DKK | DKK10 | DKK1 | 30 | 43.91 | 49.4 | 50 | 5% |
| GBP/NOK | NOK10 | NOK1 | 50 | 78.48 | 116.32 | 60 | 5% |
| GBP/SEK | SEK10 | SEK1 | 40 | 76 | 88.35 | 100 | 5% |
| NOK/SEK | SEK10 | SEK1 | 6 | 12.65 | 15.63 | 12 | 5% |
| USD/DKK | DKK10 | DKK1 | 15 | 18.43 | 20.05 | 20 | 5% |
| USD/NOK | NOK10 | NOK1 | 25 | 45.98 | 65.63 | 40 | 5% |
| USD/SEK | SEK10 | SEK1 | 25 | 45.04 | 50.66 | 60 | 5% |
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
Exotic
| Currency pair [1] | Value per point [2] | Minimum spread | Average spread | Average spread* [3] | Guaranteed stop premium [4] | Retail margin required [5] | |
| Standard | Mini | (00:00-21:00)** [3] | |||||
| CHF/HUF | HUF1000 | HUF100 | 25 | 39.48 | 48.86 | 50 | 5% |
| CHF/TRY | TRY10 | TRY1 | 25 | 292.22 | 315.92 | 100 | 7.50% |
| EUR/CZK | CZK100 | CZK10 | 25 | 39.71 | 44.46 | 50 | 5% |
| EUR/HUF | HUF1000 | HUF100 | 20 | 41.86 | 50.94 | 50 | 5% |
| EUR/ILS | ILS10 | ILS1 | 40 | 71.23 | 76.95 | 80 | 5% |
| EUR/MXN | MXN10 | MXN1 | 100 | 211.26 | 234.61 | 400 | 5% |
| EUR/PLN | PLN10 | PLN1 | 25 | 43.71 | 50.37 | 60 | 5% |
| EUR/TRY | TRY10 | TRY1 | 60 | 236.86 | 260.15 | 15 | 7.50% |
| GBP/CZK | CZK100 | CZK10 | 30 | 45.84 | 52.53 | 50 | 5% |
| GBP/HUF | HUF1000 | HUF100 | 25 | 52.38 | 64.21 | 50 | 5% |
| GBP/ILS | ILS10 | ILS1 | 50 | 87 | 94.64 | 150 | 5% |
| GBP/MXN | MXN10 | MXN1 | 130 | 377.73 | 393.74 | 500 | 5% |
| GBP/PLN | PLN10 | PLN1 | 30 | 54.08 | 62.61 | 40 | 5% |
| GBP/TRY | TRY10 | TRY1 | 70 | 251.4 | 277.85 | 20 | 7.50% |
| MXN/JPY | JPY1000 | JPY100 | 0.6 | 0.8 | 0.84 | 1.5 | 5% |
| NOK/JPY | JPY1000 | JPY100 | 0.8 | 1.5 | 1.8 | 1 | 5% |
| PLN/JPY | JPY1000 | JPY100 | 2 | 3.03 | 3.47 | 3 | 5% |
| SEK/JPY | JPY1000 | JPY100 | 0.6 | 1.3 | 1.43 | 1 | 5% |
| TRY/JPY | JPY1000 | JPY100 | 8 | 7.87 | 8.1 | 8 | 7.50% |
| USD/CZK | CZK100 | CZK10 | 25 | 33.07 | 36.08 | 50 | 5% |
| USD/HUF | HUF1000 | HUF100 | 20 | 37.69 | 43.38 | 50 | 5% |
| USD/ILS | ILS10 | ILS1 | 50 | 73.01 | 77.24 | 80 | 5% |
| USD/MXN | MXN10 | MXN1 | 50 | 144.99 | 153.5 | 350 | 5% |
| USD/PLN | PLN10 | PLN1 | 25 | 39.88 | 43.04 | 40 | 5% |
| USD/TRY | TRY10 | TRY1 | 50 | 106.47 | 119.53 | 10 | 7.50% |
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
Emerging
| Currency pair [1] | Value per point[2] | Minimum Spread | Average spread | Average spread* [3] | Margin required [5] | Dealing hours | |
| Standard | Mini | (00:00-21:00)** [3] | |||||
| AUD/CNH | CNH10 | CNH1 | 20 | 31.3 | 35.58 | 5% | 24 hours |
| CAD/CNH | CNH10 | CNH1 | 15 | 21.84 | 26.43 | 5% | 24 hours |
| CNH/JPY | ¥1000 | ¥100 | 0.8 | 1.37 | 1.52 | 5% | 24 hours |
| EUR/CNH | CNH10 | CNH1 | 30 | 36.7 | 42.11 | 5% | 24 hours |
| SP_EURRUB | RUB10 | RUB1 | 1200 | 1816.86 | 1816.86 | 5% | 07.00-17.00 |
| GBP/CNH | CNH10 | CNH1 | 35 | 46.73 | 54.9 | 5% | 24 hours |
| NZD/CNH | CNH10 | CNH1 | 15 | 19.39 | 24.04 | 5% | 24 hours |
| RUB/JPY | ¥1000 | ¥100 | 2.5 | 1.1 | 1.1 | 5% | 07.00-17.00 |
| USD/CNH | CNH10 | CNH1 | 10 | 14.62 | 18.11 | 5% | 24 hours |
| USD/HKD | HKD10 | HKD1 | 5 | 6.39 | 6.7 | 5% | 24 hours |
| USD/THB | THB10 | THB1 | 1 | 1.3 | 1.52 | 5% | 24 hours |
| USDRUB | RUB10 | RUB1 | 1000 | 1434.57 | 1434.57 | 5% | 07.00-17.00 |
| EMFX BRL/JPY | ¥1000 | ¥100 | 5 | 5.32 | 5.41 | 5% | 13.05-22.00 |
| EMFX GBP/INR | £10 | £1 | 35 | 23.39 | 23.39 | 5% | 01.30-21.00 |
| EMFX INR/JPY | ¥1000 | ¥100 | 1.3 | N/A | N/A | 5% | 01.30-21.00 |
| EMFX USD/BRL | £10 | £1 | 50 | 63.66 | 67.24 | 5% | 13.05-22.00 |
| EMFX USD/IDR | £10 | £1 | 80 | 20.95 | 20.95 | 5% | 04.30-21.00 |
| EMFX USD/INR | £10 | £1 | 20 | 17.21 | 17.21 | 5% | 01.30-21.00 |
| EMFX USD/KRW | £10 | £1 | 100 | 144.3 | 144.3 | 5% | 01.00-21.00 |
| USDMYR | £10 | £1 | 100 | N/A | N/A | 5% | 01.30-21.00 |
| EMFX USD/PHP | £10 | £1 | 15 | 5.37 | 5.37 | 5% | 01.30-21.00 |
| EMFX USD/TWD | £10 | £1 | 80 | 24.06 | 24.06 | 5% | 01.30-21.00 |
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
** Average spread (between 00:00-21:00 GMT Monday to Friday) for the 12 weeks ending 8th January 2021. For our minimum spreads, please see our forex spread bet, CFD and MT4 details.
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
1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
Notes to table
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 guaranteed stop trades a guaranteed stop 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, 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. Overnight funding for the US Dollar Basket is calculated in the same way as for commodities without fixed expiries. Please see our overnight funding page for more details.
9. On FX markets where a commission is charged we will not charge additional commission unless we notify you in writing.
1 By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2024).
