FOREX MARKET INFORMATION

Our new variable spreads on FX offer greater value for trading foreign exchange. E.g. trade EUR/USD from a 0.6 spread and GBP/USD from a 0.9 spread.

Use the table below to find out all you need to know about spread betting on Forex with Spreadex, including viewing minimum and average spread widths.

Use the tab sections to access the market information you require for each pairing or click on the individual market name to find full information on that particular currency pairing.

See further below for our Forex FAQs.

HOW TO work out

THE NTR/Margin for A FOREX trade

The Notional Trading Requirement (NTR, Initial Margin or Margin) is the amount of money we require for you to open a bet in a specified product.

The deposit factor will normally be displayed as a percentage and can be found in the Forex market information pages.

For example, placing a £10 trade on the Spot GBP/USD at 1.3200 would require £4395.60 of NTR, as the deposit factor is 3.33% (£10 x 13200 x 3.33%).

A trade with a Stop attached:
For professional clients, the NTR required can sometimes be reduced by using a guaranteed or non-guaranteed stop. For details of how this works, please contact a member of our trading desk.

Stops cannot be used to reduce NTR if you have a Retail Account.

Offsetting
If you have a ‘Force Open’ position or an opposing trade in both, the futures and daily you will only be charged NTR on the trade with the larger stake. This is because the risk on the two trades offset each other.

HOW TO work out the

ROLLOVER RATE FOR SPOT FX

The FX rollover rate is calculated using a formula based on the relevant overnight interbank lending rates between the two currency pairs in which you hold a bet plus a Spreadex annualised charge of 1.5% . This will be debited or credited to your account as appropriate at 22.00 on a weekday.

The formula for working out the funding is as follows: ((Interest Differential + 1.5%) x Currency Price x Stake)/365.

what are our

Forex currency codes

Below is a list detailing our Forex currency codes:

CURRENCY                                  CURRENCY CODE
Australian Dollar                                    AUD
Canadian Dollar                                     CAD
Czech Koruna                                         CZK
Danish Krone                                          DKK
Euro                                                         EUR
Great British Pound                               GBP
Hungarian Forint                                    HUF
Japanese Yen                                           JPY
Mexican Peso                                         MXN
New Zealand Dollar                                NZD
Norwegian Krone                                    NOK
Polish Zloty                                              PLN
Singapore Dollar                                     SGD
South African Rand                                 ZAR
Swedish Krone                                         SEK
Swiss Franc                                              CHF
Turkish Lira                                              TRY
United States Dollar                                USD

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GBP/EUR

The GBP/EUR FX pairing is one of the most popular for those interested in Forex trading or currency spread betting. It represents how many euros can be bought in exchange for one pound sterling.

The euro is a relatively new currency – introduced to the financial markets as an accounting currency on January 1st, 1999 – and incorporates many member states of the European Union such as France, Germany and Belgium.

For financial spread betting, if you believe the pound will grow in value against the euro (therefore worth more euros in an exchange), you will buy the currency, if you believe the pound will grow weaker (therefore worth less in comparison to euros), you would sell the currency.

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GBP/JPY

The GBP/JPY FX pairing is one of the most popular for those interested in Forex trading or currency spread betting. It represents how many Japanese yen can be bought in exchange for one pound sterling.

For financial spread betting, if you believe the pound will grow in value against the yen (therefore worth more yen in an exchange), you will buy the currency, if you believe the pound will grow weaker (therefore worth less in comparison to the yen), you would sell the currency.

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USD/CHF

The USD/CHF is a popular pairing for those interested in Forex trading or currency spread betting. It represents how many Swiss francs can be bought in exchange for one US dollar.

The US dollar is the world’s most heavily traded currency while the Swiss franc is one of the top 10 most traded currencies, known for its low inflation and backed up by a weighty amount of Gold meaning it is one of the most stable currencies to trade.

For financial spread betting, if you believe the US dollar will grow in value against the Swiss franc (therefore worth more francs in an exchange), you will buy the currency, if you believe the dollar will grow weaker (therefore worth less in comparison to francs), you would sell the currency.

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AUD/USD

The AUD/USD is a relatively popular currency pair for those interested in FX trading or Forex spread betting. It represents how many US dollars can be bought in exchange for one Australian dollar.

For financial spread betting, if you believe the Australian dollar will grow in value against the US dollar (therefore worth more US dollars in an exchange), you will buy the currency, if you believe the Australian dollar will grow weaker (therefore worth less in comparison to US dollars), you would sell the currency.

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EUR/JPY

The EUR/JPY is one of the more popular currency pairs for those interested in FX trading or Forex spread betting. It represents how many Japenese Yen can be bought in exchange for one euro.

The euro has been adopted by many member states of the European Union and has removed many costs associated with trade. It has also made pricing much more transparent. The yen, meanwhile, is controlled by the Bank of Japan which has a mandate to ensure stability of the currency and can therefore sometimes intervene in the markets.

For financial spread betting, if you believe the euro will grow in value against the Japanese yen (therefore worth more yen in an exchange), you will buy the currency, if you believe the euro will grow weaker (therefore worth less in comparison to yen), you would sell the currency.