Forex
Our dealing spreads now start from just 0.8 pips on major forex pairs.
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Pricing
We guarantee competitive, transparent pricing.
Our variable forex spread model means we give you the best prices when they are available. Our forex spreads are derived from those in the underlying market, which are made available to us by the banks we trade with.
We constantly monitor these spreads across multiple venues and when there is high liquidity in the market, we will offer you the tightest spread possible – from as low as 0.8 pips.
This chart shows our typical forex spreads over a 24-hour period, averaged over the week ending 27 January 2012.
View our average forex spreads.
Execution
At IG Index we realise it's not all about price.
A tight forex spread is only valuable if you can get it, so our policy is to execute the best deal for you.
- We don't just accept your bet if it suits us and reject it if it doesn't. With our set margin of tolerance, we will accept your order even if the market moves, providing it falls within an established band centred on the current dealing price.
- Your price just got better? Our unique Price Improvement technology means we can pass on a better price than you requested if the price has moved in your favour while your deal is being executed.
Some of our execution facts**
- 99.43% of all orders were executed within a tenth of a second, with no human intervention and no requotes
- The average saving on forex deals where our price improvement technology took effect was 1.77 pips
- At its August peak, our dealing platform was handling 296 orders every second
- 99.86% of internet deals were automatically processed.
Support
We know that educated traders are good traders.
New to forex? Watch our video guide below to get you started or find out more with the links below.
Here's how we help you:
- Live forex data
The Forex Focus offers live data and Twitter updates from our forex experts in London, Chicago and Melbourne. It forms part of our overall Market Analysis package.
- New to forex?
Only got a few minutes? Watch our Chief Market Strategist David Jones explain the basics of forex trading in this educational video.
News
Keeping you up to date with the forex markets.
Fri Further USD/JPY weakness stokes intervention talk
The US dollar continued to languish against the yen and was at ¥76.17 in currency trading on Friday morning.
Earlier in the week the US dollar had touched a three-month low against the yen of ¥76.02 – a figure that isn’t too far away from the ¥75.31 low reached in October which precipitated the last currency intervention by the Japanese government.
Yesterday, Japanese finance minister Jun Azumi said that he 'can't overlook any acceleration in moves' and that he is prepared to 'take decisive steps if deemed necessary'.
The attention is very much on the US today with the non-farm employment data due from the Labor Department in the afternoon. Yesterday, the latest weekly jobless claims dropped to 367,000 from 379,000 previously.
On Wednesday, the ADP jobs report revealed a gain of 170,000 private sector jobs in January which is significantly lower than the 292,000 reported by ADP in December. Accordingly, expectations are more subdued for the non-farms data this month and range between 125,000 and 160,000 jobs created.
For the latest forex rates and twitter updates, please see the Forex Focus. If you are already an IG client, please log in to get regularly updated forex news on Insight – our new dealing and analysis platform.
The forex market:
- Forex is the largest financial market in the world, with a trading volume of $4 trillion per day.
- 36.7% of all forex trades occur in London, more than any other location.
- The US dollar is involved in nearly 85% of all forex trades.
- The most heavily traded currency pair is EUR/USD (28% of all transactions).
**Covers orders accepted on our web dealing platform, PureDeal, during August 2011. Forex orders on all platforms are executed with no human intervention and no re-quotes.