Forex Contract Details

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Major

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1] Value per pip [2] Minimum Spread Typical Spread [3] Limited Risk Premium [4] Margin Required [5]
Standard Mini Standard Mini Standard Mini
AUD/USD $10 $1 0.8 1 1.5 1.7 3 0.5%
EUR/CHF CHF10 CHF1 2 2.2 3 3.2 n/a 1%
EUR/GBP £10 £1 1 1.2 2 2.2 3 0.5%
EUR/JPY Y1000 Y100 1.7 1.9 2.5 2.7 3 0.5%
EUR/USD $10 $1 0.8 1 1.5 1.7 3 0.5%
GBP/EUR €10 €1 3 3.2 4 4.2 3 0.5%
GBP/JPY Y1000 Y100 2.5 2.7 3.5 3.7 5 0.5%
GBP/USD $10 $1 1 1.2 1.2 2.2 3 0.5%
USD/CAD C$10 C$1 2.5 2.7 3.5 3.7 3 0.5%
USD/CHF CHF10 CHF1 1.9 2.1 2.9 3.1 3 0.5%
USD/JPY Y1000 Y100 0.8 1 1.5 1.7 3 0.5%

 

Minor

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1] Value per pip [2] Minimum Spread Typical Spread [3] Limited Risk Premium [4] Margin Required [5]
Standard Mini Standard Mini Standard Mini
CAD/CHF CHF10 CHF1 5 5.5 7 7.5 4 0.5%
CAD/JPY Y1000 Y100 4 4.2 6 6.2 3 0.5%
CHF/JPY Y1000 Y100 2 2.2 3 3.2 3 0.5%
EUR/CAD C$110 C$1 5 5.5 7 7.5 8 0.5%
EUR/SGD SGD10 SGD1 8 8.5 11 11.5 13 (5) 1%
EUR/ZAR ZAR10 ZAR1 150 160 200 210 200 1%
GBP/CAD C$110 C$1 8 8.5 11 11.5 8 0.5%
GBP/CHF CHF10 CHF1 3 3.2 4 4.2 8 (5) 0.5%
GBP/SGD SGD10 SGD1 14 15 18 19 10 1%
GBP/ZAR ZAR10 ZAR1 200 220 300 320 200 1%
SGD/JPY Y1000 Y100 5 5.5 7 7.5 4 1%
USD/SGD SGD10 SGD1 4 4.2 6 6.2 4 1%
USD/ZAR ZAR10 ZAR1 150 160 200 210 200 1%

 

Australasian

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1] Value per pip [2] Minimum Spread Typical Spread [3] Limited Risk Premium [4] Margin Required [5]
Standard Mini Standard Mini Standard Mini
AUD/CAD C$10 C$1 4 4.2 6 6.2 3 0.5%
AUD/CHF CHF10 CHF1 4 4.2 6 6.2 3 0.5%
AUD/EUR EUR10 EUR1 3 3.2 4 4.2 3 0.5%
AUD/GBP £10 £1 3 3.2 4 4.2 3 0.5%
AUD/JPY Y1000 Y100 3.5 3.7 4.5 4.7 3 0.5%
AUD/NZD NZD10 NZD1 8 8.5 11 11.5 10 1%
AUD/SGD SGD10 SGD1 8 8.5 11 11.5 6 1%
EUR/AUD AUD10 AUD1 5 5.5 7 7.5 8 0.5%
EUR/NZD NZD10 NZD1 14 15 18 19 15 1%
GBP/AUD AUD10 AUD1 6 6.5 8 8.5 12 0.5%
GBP/NZD NZD10 NZD1 10 11 14 15 20 1%
NZD/CHF CHF10 CHF1 6 6.5 8 8.5 4 1%
NZD/EUR EUR10 EUR1 1 1.2 2 2.2 3 1%
NZD/GBP £10 £1 2 2.2 3 3.2 3 1%
NZD/JPY Y1000 Y100 5 5.5 7 7.5 4 1%
NZD/USD $10 $1 2 2.2 3 3.2 3 1%

 

Scandinavian

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1] Value per pip [2] Minimum Spread Typical Spread [3] Limited Risk Premium [4] Margin Required [5]
Standard Mini Standard Mini Standard Mini
CAD/NOK NOK10 NOK1 50 55 80 85 80 1%
CHF/NOK NOK10 NOK1 40 45 60 65 60 1%
EUR/DKK DKK10 DKK1 15 16 20 21 200 1.5%
EUR/NOK NOK10 NOK1 40 45 60 65 60 1%
EUR/SEK SEK10 SEK1 40 45 60 65 60 1%
GBP/DKK DKK10 DKK1 40 45 60 65 45 1.5%
GBP/NOK NOK10 NOK1 60 65 90 95 100 1%
GBP/SEK SEK10 SEK1 60 65 90 95 100 1%
NOK/SEK SEK10 SEK1 15 16 20 21 15 1%
USD/DKK DKK10 DKK1 20 22 28 30 20 1.5%
USD/NOK NOK10 NOK1 40 45 60 65 60 1%
USD/SEK SEK10 SEK1 40 45 60 65 60 1%

 

Exotic

For every pair we offer both a standard contract (one contract = 100,000 of the first-named currency) and a mini contract (one contract = 10,000 of the first-named currency).

Currency Pair [1] Value per pip [2] Minimum Spread Typical Spread [3] Limited Risk Premium [4] Margin Required [5]
Standard Mini Standard Mini Standard Mini
CHF/HUF HUF1000 HUF100 40 45 60 65 50 1.5%
EUR/CZK CZK100 CZK10 30 35 50 55 50 1.5%
EUR/HUF HUF1000 HUF100 30 35 50 55 50 1.5%
EUR/ILS ILS10 ILS1 50 55 80 85 80 1.5%
EUR/MXN MXN10 MXN1 200 220 300 320 300 1.5%
EUR/PLN PLN10 PLN1 35 40 55 60 60 1.5%
EUR/TRY TRY10 TRY1 20 22 28 30 15 1.5%
GBP/CZK CZK100 CZK10 30 35 50 55 50 1.5%
GBP/HUF HUF1000 HUF100 30 35 50 55 50 1.5%
GBP/ILS ILS10 ILS1 80 85 150 155 150 1.5%
GBP/MXN MXN10 MXN1 200 220 300 320 100 1.5%
GBP/PLN PLN10 PLN1 30 35 50 55 50 1.5%
GBP/TRY TRY10 TRY1 25 27 35 37 20 1.5%
TRY/JPY JPY1000 JPY100 7 7.5 10 10.5 15 1.5%
USD/CZK CZK100 CZK10 25 27 35 37 50 1.5%
USD/HUF HUF1000 HUF100 30 35 50 55 50 1.5%
USD/ILS ILS10 ILS1 40 45 80 85 80 1.5%
USD/MXN MXN10 MXN1 60 65 90 95 100 1.5%
USD/PLN PLN10 PLN1 25 27 35 37 50 1.5%
USD/TRY TRY10 TRY1 15 16 20 21 15 1.5%

 

Emerging

For every pair we offer both a full contract ($10) and a mini contract ($1).

Currency Pair [1] Value per pip [2] Minimum Spread Typical Spread [3] Margin Required [5] Dealing Hours
Standard Mini Standard Mini Standard Mini
CNY/JPY ¥1000 ¥100 0.8 1 2 2.2 3% 01.30-21.00
USD/BRL $10 $1 30 35 50 55 3% 13.05-22.00
USD/CNY $10 $1 100 110 200 210 3% 01.30-21.00
USD/CLP $10 $1 150 160 250 260 3% 13.05-22.00
USD/INR $10 $1 20 22 30 32 3% 02.00-21.00
USD/KRW $10 $1 100 110 200 210 3% 01.00-21.00
USD/MYR $10 $1 100 110 150 160 3% 02.00-21.00
USD/PHP $10 $1 15 16 20 21 3% 02.00-21.00
USD/TWD $10 $1 80 85 160 165 3% 02.00-21.00
USD/RUB $10 $1 200 220 400 420 3% 02.00-17.00

CNY - Chinese renminbi (yuan)
BRL - Brazilian real
CLP - Chilean peso
INR - Indian rupee
KRW - South Korean won
MYR - Malaysian ringgit
PHP - Philippine peso
TWD - Taiwan dollar
RUB - Russian ruble

Notes to tables

Our foreign exchange transactions are a special form of cash-settled CFD that provide exposure to changes in exchange rates, but cannot result in the delivery of the underlying currencies.

1. Normal dealing hours for all pairs are from 21.00 (London time) on Sunday until 22.00 (London time) on Friday, with the exception of emerging-market pairs. All dealing times listed are London times.

2. The minimum transaction size is one contract. Transactions above this minimum size, can be in fractions of a contract.

3. Spreads are subject to variation, especially in volatile market conditions. Please see our Forex Spreads for more information.

4. For limited risk transactions (where available), a premium is charged on opening.

5. Margin requirements represent a percentage of the overall position value. You can find the tiered margins from the Get Info dropdown section within each market in our trading platform. Please note that higher margins may be required for large positions. Please see our tiered margining page for more details.

6. When you trade in a currency other than your default currency, your profit or loss will be realised in that currency. As standard practice, we will then immediately convert this back to your default currency. You can change this at any time via the trading platform.

7. For foreign exchange transactions, adjustments are made to calculate the cost of funding a position, and these are posted to your account daily. The adjustments are calculated as follows:

A = V x R

Where:
A = the funding cost
V = the number of contracts x contract size
R = the current tom-next rate, including an administrative charge not exceeding 0.3% (0.8% for mini contracts) per annum.

If the tom-next rate is less than zero, you will be debited for running a short position and credited for running a long position. If the tom-next rate is greater than zero, you will be credited for running a short position and debited for running a long position.

The funding charge is calculated for any position opened before 22.00 that is still open after 22.00 (London time).

Note: For any position opened before 22.00 Wednesday that is still open after 22.00 Wednesday, the daily interest credit or debit will be made for three days as opposed to one. This three-day adjustment covers settlement of trades over the weekend period. This will not always apply to emerging-market pairs. Emerging pairs are priced using one-month pricing, so the funding charge for these will depend on the three-day adjustment that is made in the underlying market.

8. We will not charge any additional commission unless we notify you in writing.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.