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

Compare Vetted Investing, Trading & Currency Accounts

Investing AccountsTrading PlatformsCurrency Transfers
Compare Investment Accounts

Compare Investment Accounts

Compare Trading Platforms

Compare Trading Platforms

Compare Currency Brokers

Compare Currency Brokers

Would You Like More Information On Featured Trading Platforms?



Visit IG


IG Reviews


Visit CMC


CMC Reviews


Visit Pepperstone


Pepperstone Reviews
Can't find what you are looking for? Visit our online trading provider comparison page.

Trading Risk Warning

ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”