IG USD/JPY Spread & Trading Conditions 2026

IG quotes USD/JPY — the US dollar vs Japanese yen pair, a key carry-trade major — with a standard spread of 0.7 pips (avg). Spreads are quoted in pips and widen or tighten with market volatility and account type. Fee context from our review: IG offers competitive trading fees with spreads starting from 0.6 pips on EUR/USD. However, 2026 sees some fee increases: overnight funding admin fees rose to 1.5% in Dec 2026. Share dealing is commission-free for active traders (3+ trades/qtr), otherwise £24/qtr custody fee applies.

When trading USD/JPY at IG: **Minimum deposit**: $250 ($0 bank transfer) **Maximum leverage**: 1:30 (Retail UK/EU) | 1:200 (Pro) **Commission**: $0 (Built into spread for Forex) **Execution**: Market Maker (+ DMA routing available) **Platforms**: IG Platform, L2 Dealer, ProRealTime, MT4 Spreads shown are indicative of the account types we assess. Raw/ECN accounts generally charge a per-lot commission in exchange for tighter raw spreads, while standard accounts build costs into the spread itself.

The USD/JPY spread is driven by liquidity depth, market volatility, the time of day (London and New York sessions are tightest), and the account model you choose. IG supports MT4 for spread-sensitive execution.