IG Markets have introduced a new more flexible forex spread structure which means that they can offer spreads as low as 1 pip for EUR/USD and 2 pips for GBP/USD.

Current volatility in global financial markets means that spreads in underlying markets occasionally become very tight, or very wide.

As tighter spreads are made available to brokers like IGMarkets they are able to pass these on to you, while they cap wide spreads at a fixed limit.

In most market conditions IG will continue to offer their typical spread. However, at particularly volatile times when underlying currency spreads are abnormally wide – greater than 1.5-times typical spread – IG spreads will widen, but only up to a maximum spread limit (their cap).

And should underlying spreads move above this level, they will hold their spread at the cap limit so you can benefit from lower spreads.

For more details please visit IGMarkets