Losses can exceed deposits
Spread betting is a tax-free, leveraged way to trade on forex, and you also pay no commission. Spread bet on over 90 currency pairs – including major, exotic and emerging markets – with spreads starting from just 0.6 pips.1
Spreads will vary depending on the volatility of the underlying market. You’ll receive our minimum spread when the market spread is particularly narrow, but in most other conditions, you’ll find our minimum spread applies.
Our spot bets offer significantly narrower spreads than the corresponding forward forex bet, and are not subject to the premium or discount that may apply for a forward date. [6]
Notes in [square brackets] are detailed in the Notes tab.
Pair
Dealing hours [1]
One point means
Minimum bet
Minimum spread [2]
Average spread*
Limited risk premium [3]
Margin required [4]
Spot FX AUD/USD
24 hours
0.0001 $/A$
£1
0.6
0.8
0.5%
Spot FX EUR/CHF
0.0001 SF/€
2
n/a
1.5%
Spot FX EUR/GBP
0.0001 £/€
0.9
1%
Spot FX EUR/JPY
0.01 ¥/€
1.5
Spot FX EUR/USD
0.0001 $/€
1.2
Spot FX GBP/EUR
0.0001 €/£
Spot FX GBP/JPY
0.01 ¥/£
2.5
Spot FX GBP/USD
0.0001 $/£
Spot FX USD/CAD
0.0001 CD/$
1.7
1
Spot FX USD/CHF
0.0001 SF/$
Spot FX USD/JPY
0.01 ¥/$
0.7
Shown below are our forward forex bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]
Forward spreads are in addition to the current spot spread for each pair (shown above). [7]
Forward spread [7]
GBP/USD
9
3
EUR/USD
10
USD/CHF
0.0001 $/SF
8
6
EUR/GBP
7
USD/JPY
USD/CAD
EUR/CHF
EUR/JPY
GBP/EUR
18
GBP/JPY
16
Average Spread* [2]
Spot FX CAD/CHF
0.0001 SF/CD
3.16
Spot FX CAD/JPY
0.01 ¥/CD
3.61
Spot FX CHF/JPY
0.01 ¥/SF
2.76
Spot FX EUR/CAD
0.0001 CD/€
4.25
Spot FX EUR/SGD
0.0001 SD/€
5
6.19
Spot FX EUR/ZAR
10p
150
198.98
100
2.5%
Spot FX GBP/CAD
0.0001 CD/£
3.5
4.74
4
Spot FX GBP/CHF
0.0001 SF/£
3.98
Spot FX GBP/SGD
0.01 SG/£
10.42
Spot FX GBP/ZAR
0.01 SR/£
200
256.98
Spot FX SGD/JPY
0.01 ¥/SG
5.22
Spot FX USD/SGD
0.01 SD/$
3.55
Spot FX USD/ZAR
0.01 SR/$
90
128.75
CAD/JPY
CHF/JPY
EUR/CAD
14
GBP/CAD
GBP/CHF
12
GBP/SGD
50p
20
GBP/ZAR
400
USD/SGD
22
15
USD/ZAR
250
Spot FX AUD/CAD
0.0001 CD/A$
2.78
Spot FX AUD/CHF
0.01 SF/A$
2.95
Spot FX AUD/EUR
0.01 €/A$
2.83
Spot FX AUD/GBP
0.0001 £/A$
2.94
Spot FX AUD/JPY
0.01 ¥/A$
1.3
1.91
Spot FX AUD/NZD
0.0001 NZ/A$
3.18
0.75%
Spot FX AUD/SGD
0.0001 SD/A$
6.84
Spot FX EUR/AUD
0.0001 A$/€
1.8
2.61
Spot FX EUR/NZD
0.0001 NZ/€
4.02
Spot FX GBP/AUD
0.0001 A$/£
1.9
3.64
Spot FX GBP/NZD
0.0001 NZ/£
6.87
Spot FX NZD/CHF
0.0001 SF/NZ
5.60
Spot FX NZD/EUR
0.0001 €/NZ
1.99
Spot FX NZD/GBP
0.0001 £/NZ
3.01
Spot FX NZD/JPY
0.01 ¥/NZ
3.21
Spot FX NZD/USD
0.0001 $/NZ
2.13
Spot FX NZD/CAD
0.0001 £
5.10
AUD/JPY
AUD/NZD
0.01 NZ/A$
AUD/USD
EUR/AUD
EUR/NZD
GBP/AUD
7.5
GBP/NZD
NZD/JPY
11
NZD/USD
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016
Spot FX CAD/NOK
0.0001 NK/CD
20p
25
65.94
80
Spot FX CHF/NOK
0.0001 NK/SF
40
55.77
60
Spot FX EUR/DKK
0.0001 DK/€
14.40
5%
Spot FX EUR/NOK
0.0001 NK/€
34.27
Spot FX EUR/SEK
0.0001 SK/€
30
37.76
Spot FX GBP/DKK
0.0001 DK/£
45.36
45
Spot FX GBP/NOK
0.0001 NK/£
50
76.70
Spot FX GBP/SEK
0.0001 SK/£
78.55
Spot FX NOK/SEK
0.0001 SK/NK
12.07
Spot FX USD/DKK
0.0001 $/DK
19.80
Spot FX USD/NOK
0.0001 NK/$
35.20
Spot FX USD/SEK
0.0001 SK/$
32.73
EUR/NOK
EUR/SEK
GBP/NOK
GBP/SEK
120
USD/NOK
USD/SEK
Spot FX CHF/HUF
0.01 HF/SF
39.40
2%
Spot FX EUR/CZK
0.01 CK/€
28.04
Spot FX EUR/HUF
0.01 HF/€
42.09
Spot FX EUR/ILS
0.0001 ILS/€
83.28
Spot FX EUR/MXN
0.0001 MP/€
186.97
Spot FX EUR/PLN
0.0001 PZ/€
45.41
Spot FX EUR/TRY
0.0001 CK/$
29.44
Spot FX GBP/CZK
0.01 CK/£
34.49
Spot FX GBP/HUF
0.01 HF/£
42.33
Spot FX GBP/ILS
0.0001 ILS/£
103.49
Spot FX GBP/MXN
0.0001 MP/£
130
211.85
300
Spot FX GBP/PLN
0.0001 PZ/£
50.93
Spot FX GBP/TRY
0.0001 HF/$
37.70
Spot FX TRY/JPY
0.01 ¥/HF
6.91
Spot FX USD/CZK
0.01 CK/$
26.29
Spot FX USD/HUF
0.01 HF/$
41.31
Spot FX USD/ILS
0.0001 ILS/$
76.43
Spot FX USD/MXN
0.0001 MP/$
80.50
Spot FX USD/PLN
0.0001 PZ/$
33.51
Spot FX USD/TRY
23.87
Margin required[4]
Spot FX AUD/CNH
0.0001 CNH/AUD
25.17
Spot FX CNH/JPY
0.01 JPY/CNH
£10
1.74
Spot FX EUR/CNH
0.0001 CNH/EUR
44.50
Spot FX EUR/RUB
07.00-21.00
0.0001 RUB/EUR
2000
2663.78
Spot FX USD/CNH
0.0001 CNH/USD
15.46
Spot FX USD/RUB
0.0001 RUB/USD
1600
2452.15
EMFX GBP/INR
01.30-21.00
0.01 INR/GBP
35
37.35
EMFX USD/BRL
13.05-22.00
0.0001 BRL/USD
40.98
EMFX USD/INR
0.01 INR/USD
21.22
EMFX USD/IDR
04.30-21.00
1 IDR/USD
106.64
EMFX USD/KRW
01.00-21.00
0.01 KRW/USD
175.15
EMFX USD/MYR
0.0001 MYR/USD
150.23
EMFX USD/PHP
0.01 PHP/USD
19.37
EMFX USD/TWD
0.001 TWD/USD
147.13
NZD/CNH
0.0001 CNH/NZD
23.01
Spot FX GBP/CNH
0.0001 CNH/GBP
39.12
Spot FX CAD/CNH
0.0001 CNH/CAD
19.88
BRL - Brazilian real CLP - Chilean peso 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
Spot FX XBT/USD
1 $/XBT
£5
10.61
7.5%
Spot FX XBT/GBP
1 £/XBT
13.35
Spot FX XBT/EUR
1 €/XBT
12.35
Spot FX XBT/JPY
100 ¥/XBT
£0.10
800
988.53
900
Spot FX XBT/CNH
1 CNH/XBT
£0.50
62.26
NA
Bitcoin funding will be 0.0444% daily for short positions and 0.0277 for long positions.
IG policy on blockchain forks
We base the price of our bitcoin and ether contracts on the underlying market, made available to us by the exchanges and market-makers with which we trade.
There is currently one accepted decentralised ledger which records all bitcoin transactions – as well as an equivalent for ether – called the blockchain. When the software of different miners becomes misaligned, a split, or ‘fork’, in the blockchain may occur, resulting in the existence of two different blockchains.
In the past, cryptocurrency users have quickly agreed which version to accept as valid and continue to use, causing minimal disruption. In these instances, the old version of the blockchain has then been discontinued.
In the event that one version isn’t discontinued – known as a hard fork – we will generally follow the blockchain that has the majority consensus of cryptocurrency users, and will therefore use this as the basis for our bitcoin and ether contracts. IG reserves the right to determine which blockchain and cryptocurrency unit has the majority consensus behind them.
When a hard fork occurs, there may be substantial price volatility around the event, and we may suspend trading throughout if we do not have reliable prices from the underlying market.
The following notes apply to all of the preceding forex tables, wherever the corresponding number is found.
1. 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, 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. 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.
3. For limited-risk bets 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.
4. 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.
5. When forward forex bets are rolled over, the initial bet is closed at the mid-price for the contract month, plus or minus half of our normal spread. The new bet is then opened at the mid-price of our current quote for the next contract month. If the initial bet was controlled risk, the full controlled risk premium is either added to the offer price or subtracted from the bid price depending on the direction of the bet.
6. Each day your DFB bet remains open, we make a cash adjustment to your account to reflect the funding costs of your bet. The funding adjustment is based on the tom-next spread for the currency pair (excluding bitcoin) involved including an admin fee of 0.0022% per day. 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.
7. Forward spread is added to the current spot spread for each pair to produce our forward prices. This means that dealing spreads available will be variable, depending upon market conditions.
8. Bitcoin funding will be 0.0438% daily for short positions and 0.0274% for long positions.
* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 26 June 2017.
1 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.