IG Index offer 1 pip spreads in certain market conditions, however at other times they will widen the spread. However, this widening is capped to 3 times their typical spread (maximum) so should the underlying foreign exchange market spread happen to be wider than this the capping will apply. In most market conditions, the typical spread applies. This capping mechanism gives clients some peace of mind of knowing they will always be able to enter or exit a trade at an acceptable dealing quote.
