Range of Markets

Financial Spread Betting Markets Explained

We have collated a detailed description of all our financial spread betting markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.

Spot, EUR/HUF

forex - EURHUF
Currency
25 *
(Shares only)
0.01
Daily
Sunday 22:00 - Friday 21:15
£0.1
0.01
Interest Differential + 1.5%
NTR: Position (GBP) % ***
0 - 12
2.50
12 - 48
5.00
48 - 121
10.00
121 +
20.00
Limited Risk NTR: Position (GBP) % ***
0 - 24
5.00
24 - 60
10.00
60 + 0
20.00
Spread Premium: Stake (GBP) Multiplier
0 - 37
1
37 - 74
2
74 - 147
4
147 +
20

*Any spread width shown in brackets is the spread which will be applied outside of the market’s normal trading hours.

**Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.

***When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.


Market Description

Spread betting on the future price movements of currency pairs has grown in popularity in recent years. Currency spread betting – also known as Forex or FX trading – allows you to trade on the value of one named currency in relation to another named currency.

The different pairings represent how many of a first named currency can be bought in exchange for a second named currency.

As is the case with FX trading, spread betting on currencies can often be very volatile and 100 or 200 point intra-day movements are not uncommon.

For financial spread betting, if you believe a first named currency will grow in value against a second named currency (therefore worth more of the second named currency in an exchange), you would buy the pairing.

If you believe a first named currency will grow weaker and fall in value against a second named currency (therefore worth less in comparison to the second named currency), you would sell the pairing.

For example, if you placed a £1 buy trade on a currency pairing with a spread of 1.3871-1.3873 and then closed out at 1.4010 you would earn £137 (14010 – 13873 = 137; 137 x £1 = £137).

But if the trade ended at 1.3751 you would lose £122 (13751 – 13873 = -122. -122 x £1 = -£122).

If you are interested in currency spread betting or FX trading there are many influencing factors to consider. The key influences on FOREX changes are interest rates, unemployment, inflation, GDP and the trade balance of the country.


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