Jump to content

Forex Maximum Spread


Recommended Posts

Hello,

I am trying to see what the maximum spreads are on forex CFDs, but haven't found that information on any IG website yet. I can find e.g. minimum spread, but the arguably most important is the maximum during e.g. 5pm EST etc. From my demo account I have seen some pairs spike to 35, or even 50-60, but is there not a chart/overview of historical spreads somewhere?

Regards.

Link to comment

Hello,

I find the easiest way to see a Current spread for any IG market is to open the IG Markets Web platform, click search and type the market type, then open the deal Tab and the current spread is displayed automatically. ¬†ūüėÄ

 

Screen Shot 2020-01-02 at 2.10.41 pm.png

Edited by dau710
Update Image
Link to comment
17 hours ago, UN1234 said:

I am trying to see what the maximum spreads are on forex CFDs, but haven't found that information on any IG website yet. I can find e.g. minimum spread, but the arguably most important is the maximum during e.g. 5pm EST etc. From my demo account I have seen some pairs spike to 35, or even 50-60, but is there not a chart/overview of historical spreads somewhere?

Regards.

 

2 hours ago, dau710 said:

I find the easiest way to see a Current spread for any IG market is to open the IG Markets Web platform, click search and type the market type, then open the deal Tab and the current spread is displayed automatically. ¬†ūüėÄ

That's correct, with a variable spread system you need to keep an eye out. It all depends on the current availability of prices from liquidity providers and a spike in the spread may last just a couple of seconds or a raised spread may be longer for planned news events etc. The advantages of the variable system are a lower spread overall.

  • Like 1
Link to comment
  • 3 weeks later...

I am asking about maximums, especially during 5pm est, not where the live spread is, you can't practically monitor spreads by glancing at live data.

Obviously these things vary by liquidity etc., and some brokers cap maximum spreads during 5pm EST on some pairs, even if they are not capped, there are often consistent maximums, so this data is extremely important.

I assume by the lack of replies IG does not publish historical spread data at all, like e.g, Oanda does (https://www1.oanda.com/forex-trading/markets/recent), and Saxobank does (https://www.home.saxo/nb-no/rates-and-conditions/forex/classic-historical-fx-spreads).


If that is the case, is there some spread monitor tool that can be used on the desktop or web platform?

Thanks.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,293
    • Total Posts
      90,935
    • Total Members
      41,414
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    AndyH
    Joined 07/02/23 21:27
  • Posts

    • Look Ahead to 08/02/23: Oil inventories; TTEF, DIS, UBER and BDEV earnings Oil, tech, and the consumer are set to dominate the markets on Wednesday, with earnings from TotalEnergies (TTEF), EIA data, and results from Walt Disney (DIS) and Uber Technologies (UBER). Angeline Ong¬†|¬†Presenter, Analyst and Content Editor,¬†London¬†| Publication date:¬†Tuesday 07 February¬† ¬† ¬† ¬† ¬† ¬† ¬†
    • 07 February 2023 Spot Gold The price of gold has extended its pullback from overbought territory over the last week and has found some near-term support at the 50-day simple moving average (50MA) (green line). Our preference remains to look for long entry on a bullish price reversal. A bullish reversal might be considered if we can see price closing above the 1875 level, provided that the 50MA is not broken with a price close below. Should the 50MA level be broken and the price reversal not confirm, 1820 becomes the next downside support target from the move. In this scenario we not looking to short gold but would rather be looking for a bullish price reversal closer to this level for long entry once again. Should either of these scenarios manifest we will update our guidance accordingly with resistance targets and stop loss considerations. Source: IG charts ¬† ¬† ¬† Brent Crude Oil The bearish reversal off the 8770-level guided in our previous note has yielded a significant decline, although fallen short of the 7760-support target. The price now looks to be rebounding from oversold territory. Traders who have been short might consider this an indication to exit their trades. The longer-term trend bias is still considered down and should a bearish price pattern emerge before this level, new short entries might be considered. In this scenario a close above the 8770 level might be used as a stop loss consideration, while targeting a move back towards the support low at 7760 once again. Only on a move / close above the 8770 level would the longer-term trend bias be reassessed, and long trades reconsidered Source: IG charts ¬† ¬† ¬† ¬† Our weekly technical report is compiled by in-house senior market analyst,¬†Shaun Murison.
    • Hi, the basic package has a 15 minute delay.
×
×
  • Create New...