IG reduces spreads on oil to 2.8 pips

IG, the biggest spread betting and CFD broker in the UK is on the hunt again to win business from smaller rivals by reducing spreads on commodities.

IG generally have pretty competitive pricing, not quite as tight in some cases as ETX or Core Spreads, which (now that the FCA has put the kibosh on bonus promotions) was how smaller brokers could win business.

Perhaps as the race to the bottom continues, we will  see a reemergence of the dreaded b-book or a greater focus on customer service to win and keep clients. Hopefully the later…

You can compare oil trading brokers here

In a note to clients IG said:

We’ve cut our minimum spreads on a range of stock indices and commodities, including Oil to a market-leading 2.8 points and Wall Street to just 1.6 points.

A list of other featured spreads was also included:

MarketOld minimum spreadNew minimum spread
Wall Street1.81.6
Japan 22587
Hong Kong HS5065
China A501210
Oil – Brent Crude32.8
Oil – US Crude32.8

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