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.
Product | Trading Hours^ | Trade Per | Spread Width From |
---|---|---|---|
Currencies, Dailies | |||
Spot, AUD/CAD | Sunday 22:00 - Friday 21:15 |
0.0001 | 1.5 |
Spot, AUD/CHF | Sunday 22:00 - Friday 21:15 |
0.0001 | 2 |
Spot, AUD/CNH | Sunday 22:00 - Friday 21:15 |
0.0001 | 20 |
Spot, AUD/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 1.3 |
Spot, AUD/NZD | Sunday 22:00 - Friday 21:15 |
0.0001 | 2.5 |
Spot, AUD/USD | Sunday 22:00 - Friday 21:15 |
0.0001 | 0.6 |
Spot, CAD/CHF | Sunday 22:00 - Friday 21:15 |
0.0001 | 2.5 |
Spot, CAD/CNH | Sunday 22:00 - Friday 21:15 |
0.0001 | 15 |
Spot, CAD/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 2 |
Spot, CHF/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 2 |
Spot, CNH/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 1 |
Spot, EUR/AUD | Sunday 22:00 - Friday 21:15 |
0.0001 | 1.8 |
Spot, EUR/CAD | Sunday 22:00 - Friday 21:15 |
0.0001 | 2.5 |
Spot, EUR/CHF | Sunday 22:00 - Friday 21:15 |
0.0001 | 2 |
Spot, EUR/CZK | Sunday 22:00 - Friday 21:15 |
0.001 | 25 |
Spot, EUR/DKK | Sunday 22:00 - Friday 21:15 |
0.0001 | 10 |
Spot, EUR/GBP | Sunday 22:00 - Friday 21:15 |
0.0001 | 0.9 |
Spot, EUR/HUF | Sunday 22:00 - Friday 21:15 |
0.01 | 25 |
Spot, EUR/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 1.5 |
Spot, EUR/NOK | Sunday 22:00 - Friday 21:15 |
0.0001 | 25 |
Spot, EUR/NZD | Sunday 22:00 - Friday 21:15 |
0.0001 | 3 |
Spot, EUR/PLN | Sunday 22:00 - Friday 21:15 |
0.0001 | 30 |
Spot, EUR/SEK | Sunday 22:00 - Friday 21:15 |
0.0001 | 40 |
Spot, EUR/SGD | Sunday 22:00 - Friday 21:15 |
0.0001 | 3.5 |
Spot, EUR/USD | Sunday 22:00 - Friday 21:15 |
0.0001 | 0.6 |
Spot, EUR/ZAR | Sunday 22:00 - Friday 21:15 |
0.0001 | 150 |
Spot, GBP/AUD | Sunday 22:00 - Friday 21:15 |
0.0001 | 2.2 |
Spot, GBP/CAD | Sunday 22:00 - Friday 21:15 |
0.0001 | 3 |
Spot, GBP/CHF | Sunday 22:00 - Friday 21:15 |
0.0001 | 3 |
Spot, GBP/CNH | Sunday 22:00 - Friday 21:15 |
0.0001 | 35 |
Spot, GBP/DKK | Sunday 22:00 - Friday 21:15 |
0.0001 | 40 |
Spot, GBP/EUR | Sunday 22:00 - Friday 21:15 |
0.0001 | 2 |
Spot, GBP/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 2.5 |
Spot, GBP/NOK | Sunday 22:00 - Friday 21:15 |
0.0001 | 60 |
Spot, GBP/NZD | Sunday 22:00 - Friday 21:15 |
0.0001 | 5 |
Spot, GBP/SEK | Sunday 22:00 - Friday 21:15 |
0.0001 | 60 |
Spot, GBP/TRY | Sunday 22:00 - Friday 21:15 |
0.0001 | 150 |
Spot, GBP/USD | Sunday 22:00 - Friday 21:15 |
0.0001 | 0.9 |
Spot, GBP/ZAR | Sunday 22:00 - Friday 21:15 |
0.0001 | 250 |
Spot, NZD/CAD | Sunday 22:00 - Friday 21:15 |
0.0001 | 3.5 |
Spot, NZD/CHF | Sunday 22:00 - Friday 21:15 |
0.0001 | 4 |
Spot, NZD/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 2 |
Spot, NZD/USD | Sunday 22:00 - Friday 21:15 |
0.0001 | 2 |
Spot, USD/CAD | Sunday 22:00 - Friday 21:15 |
0.0001 | 1.3 |
Spot, USD/CHF | Sunday 22:00 - Friday 21:15 |
0.0001 | 1.5 |
Spot, USD/CNH | Sunday 22:00 - Friday 21:15 |
0.0001 | 10 |
Spot, USD/CZK | Sunday 22:00 - Friday 21:15 |
0.001 | 30 |
Spot, USD/DKK | Sunday 22:00 - Friday 21:15 |
0.0001 | 20 |
Spot, USD/HUF | Sunday 22:00 - Friday 21:15 |
0.01 | 30 |
Spot, USD/JPY | Sunday 22:00 - Friday 21:15 |
0.01 | 0.7 |
Spot, USD/MXN | Sunday 22:00 - Friday 21:15 |
0.0001 | 50 |
Spot, USD/NOK | Sunday 22:00 - Friday 21:15 |
0.0001 | 30 |
Spot, USD/PLN | Sunday 22:00 - Friday 21:15 |
0.0001 | 35 |
Spot, USD/SEK | Sunday 22:00 - Friday 21:15 |
0.0001 | 30 |
Spot, USD/SGD | Sunday 22:00 - Friday 21:15 |
0.0001 | 2.5 |
Spot, USD/TRY | Sunday 22:00 - Friday 21:15 |
0.0001 | 100 |
Spot, USD/ZAR | Sunday 22:00 - Friday 21:15 |
0.0001 | 90 |
Currencies, Futures | |||
AUD/USD, Dec | 2300-2200 |
0.0001 | 10 |
EUR/CHF, Dec | 2300-2200 |
0.0001 | 8 |
EUR/GBP, Dec | 2300-2200 |
0.0001 | 7 |
EUR/JPY, Dec | 2300-2200 |
0.01 | 11 |
EUR/USD, Dec | 2300-2200 |
0.0001 | 10 |
GBP/CHF, Dec | 2300-2200 |
0.0001 | 16 |
GBP/JPY, Dec | 2300-2200 |
0.01 | 20 |
GBP/USD, Dec | 2300-2200 |
0.0001 | 9 |
NZD/USD, Dec | 2300-2200 |
0.0001 | 8 |
US Dollar Index, Dec | 0100-2200 |
0.01 | 8 |
USD/CAD, Dec | 2300-2200 |
0.0001 | 8 |
USD/CHF, Dec | 2300-2200 |
0.0001 | 8 |
USD/JPY, Dec | 2300-2200 |
0.01 | 9 |
Product | Min Stake | Min Stop Distance | G'teed Stop Premium | Min G'teed Stop Distance | |
---|---|---|---|---|---|
Currencies, Dailies | |||||
Spot, AUD/CAD | 0.2 | 1 | N/A | N/A | |
Spot, AUD/CHF | 0.5 | 1 | N/A | N/A | |
Spot, AUD/CNH | 0.1 | 1 | N/A | N/A | |
Spot, AUD/JPY | 0.5 | 2 | N/A | N/A | |
Spot, AUD/NZD | 0.2 | 1 | 5 | 100 | |
Spot, AUD/USD | 0.5 | 2 | 3 | 150 | |
Spot, CAD/CHF | 0.5 | 1 | N/A | N/A | |
Spot, CAD/CNH | 0.1 | 0 | N/A | N/A | |
Spot, CAD/JPY | 0.5 | 1 | N/A | N/A | |
Spot, CHF/JPY | 0.5 | 2 | 3 | 300 | |
Spot, CNH/JPY | 0.1 | 1 | N/A | N/A | |
Spot, EUR/AUD | 0.2 | 2 | 3 | 350 | |
Spot, EUR/CAD | 0.2 | 2 | 3 | 1500 | |
Spot, EUR/CHF | 0.5 | 1 | 3 | 1000 | |
Spot, EUR/CZK | 0.1 | 1 | N/A | N/A | |
Spot, EUR/DKK | 0.05 | 1 | N/A | N/A | |
Spot, EUR/GBP | 0.5 | 2 | 3 | 400 | |
Spot, EUR/HUF | 0.1 | 1 | N/A | N/A | |
Spot, EUR/JPY | 0.5 | 2 | 2 | 200 | |
Spot, EUR/NOK | 0.02 | 40 | N/A | N/A | |
Spot, EUR/NZD | 0.2 | 1 | 12 | 200 | |
Spot, EUR/PLN | 0.05 | 1 | N/A | N/A | |
Spot, EUR/SEK | 0.02 | 30 | N/A | N/A | |
Spot, EUR/SGD | 0.2 | 10 | N/A | N/A | |
Spot, EUR/USD | 0.5 | 2 | 3 | 500 | |
Spot, EUR/ZAR | 0.02 | 20 | N/A | N/A | |
Spot, GBP/AUD | 0.2 | 3 | 4 | 450 | |
Spot, GBP/CAD | 0.2 | 1 | N/A | N/A | |
Spot, GBP/CHF | 0.5 | 5 | 8 | 90 | |
Spot, GBP/CNH | 0.1 | 5 | N/A | N/A | |
Spot, GBP/DKK | 0.05 | 1 | N/A | N/A | |
Spot, GBP/EUR | 0.5 | 4 | 4 | 800 | |
Spot, GBP/JPY | 0.2 | 5 | 15 | 500 | |
Spot, GBP/NOK | 0.02 | 50 | N/A | N/A | |
Spot, GBP/NZD | 0.2 | 6 | 5 | 300 | |
Spot, GBP/SEK | 0.02 | 50 | N/A | N/A | |
Spot, GBP/TRY | 0.05 | 100 | N/A | N/A | |
Spot, GBP/USD | 0.2 | 3 | 3 | 300 | |
Spot, GBP/ZAR | 0.01 | 160 | N/A | N/A | |
Spot, NZD/CAD | 0.2 | 1 | N/A | N/A | |
Spot, NZD/CHF | 0.5 | 2 | N/A | N/A | |
Spot, NZD/JPY | 0.5 | 2 | 2 | 200 | |
Spot, NZD/USD | 0.5 | 2 | 3 | 200 | |
Spot, USD/CAD | 0.2 | 1 | 4 | 100 | |
Spot, USD/CHF | 0.5 | 1 | 3 | 100 | |
Spot, USD/CNH | 0.1 | 10 | 1 | 1000 | |
Spot, USD/CZK | 0.1 | 1 | N/A | N/A | |
Spot, USD/DKK | 0.05 | 1 | N/A | N/A | |
Spot, USD/HUF | 0.1 | 1 | N/A | N/A | |
Spot, USD/JPY | 0.05 | 2 | 3 | 200 | |
Spot, USD/MXN | 0.01 | 100 | N/A | N/A | |
Spot, USD/NOK | 0.02 | 30 | N/A | N/A | |
Spot, USD/PLN | 0.1 | 1 | N/A | N/A | |
Spot, USD/SEK | 0.02 | 20 | N/A | N/A | |
Spot, USD/SGD | 0.2 | 1 | N/A | N/A | |
Spot, USD/TRY | 0.01 | 100 | N/A | N/A | |
Spot, USD/ZAR | 0.02 | 1 | N/A | N/A | |
Currencies, Futures | |||||
AUD/USD, Dec | 0.5 | 2 | 3 | 150 | |
EUR/CHF, Dec | 0.5 | 1 | N/A | N/A | |
EUR/GBP, Dec | 0.5 | 2 | 3 | 2000 | |
EUR/JPY, Dec | 0.1 | 5 | N/A | N/A | |
EUR/USD, Dec | 0.5 | 30 | 5 | 1050 | |
GBP/CHF, Dec | 0.5 | 0 | N/A | N/A | |
GBP/JPY, Dec | 0.2 | 3 | N/A | N/A | |
GBP/USD, Dec | 0.2 | 3 | 3 | 300 | |
NZD/USD, Dec | 0.5 | 2 | 30 | 200 | |
US Dollar Index, Dec | 0.2 | 1 | 6 | 75 | |
USD/CAD, Dec | 0.2 | 1 | 4 | 1000 | |
USD/CHF, Dec | 0.5 | 2 | N/A | N/A | |
USD/JPY, Dec | 0.5 | 2 | 3 | 600 |
Product | Contract Months | Last Day of Trading |
---|---|---|
Currencies, Dailies | ||
Spot, AUD/CAD | Daily | Rolling |
Spot, AUD/CHF | Daily | Rolling |
Spot, AUD/CNH | Daily | Rolling |
Spot, AUD/JPY | Daily | Rolling |
Spot, AUD/NZD | Daily | Rolling |
Spot, AUD/USD | Daily | Rolling |
Spot, CAD/CHF | Daily | Rolling |
Spot, CAD/CNH | Daily | Rolling |
Spot, CAD/JPY | Daily | Rolling |
Spot, CHF/JPY | Daily | Rolling |
Spot, CNH/JPY | Daily | Rolling |
Spot, EUR/AUD | Daily | Rolling |
Spot, EUR/CAD | Daily | Rolling |
Spot, EUR/CHF | Daily | Rolling |
Spot, EUR/CZK | Daily | Rolling |
Spot, EUR/DKK | Daily | Rolling |
Spot, EUR/GBP | Daily | Rolling |
Spot, EUR/HUF | Daily | Rolling |
Spot, EUR/JPY | Daily | Rolling |
Spot, EUR/NOK | Daily | Rolling |
Spot, EUR/NZD | Daily | Rolling |
Spot, EUR/PLN | Daily | Rolling |
Spot, EUR/SEK | Daily | Rolling |
Spot, EUR/SGD | Daily | Rolling |
Spot, EUR/USD | Daily | Rolling |
Spot, EUR/ZAR | Daily | Rolling |
Spot, GBP/AUD | Daily | Rolling |
Spot, GBP/CAD | Daily | Rolling |
Spot, GBP/CHF | Daily | Rolling |
Spot, GBP/CNH | Daily | Rolling |
Spot, GBP/DKK | Daily | Rolling |
Spot, GBP/EUR | Daily | Rolling |
Spot, GBP/JPY | Daily | Rolling |
Spot, GBP/NOK | Daily | Rolling |
Spot, GBP/NZD | Daily | Rolling |
Spot, GBP/SEK | Daily | Rolling |
Spot, GBP/TRY | Daily | Rolling |
Spot, GBP/USD | Daily | Rolling |
Spot, GBP/ZAR | Daily | Rolling |
Spot, NZD/CAD | Daily | Rolling |
Spot, NZD/CHF | Daily | Rolling |
Spot, NZD/JPY | Daily | Rolling |
Spot, NZD/USD | Daily | Rolling |
Spot, USD/CAD | Daily | Rolling |
Spot, USD/CHF | Daily | Rolling |
Spot, USD/CNH | Rolling | |
Spot, USD/CZK | Daily | Rolling |
Spot, USD/DKK | Daily | Rolling |
Spot, USD/HUF | Daily | Rolling |
Spot, USD/JPY | Daily | Rolling |
Spot, USD/MXN | Daily | Rolling |
Spot, USD/NOK | Daily | Rolling |
Spot, USD/PLN | Daily | Rolling |
Spot, USD/SEK | Daily | Rolling |
Spot, USD/SGD | Daily | Rolling |
Spot, USD/TRY | Daily | Rolling |
Spot, USD/ZAR | Daily | Rolling |
Currencies, Futures | ||
AUD/USD, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
EUR/CHF, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
EUR/GBP, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
EUR/JPY, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
EUR/USD, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
GBP/CHF, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
GBP/JPY, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
GBP/USD, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
NZD/USD, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
US Dollar Index, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
USD/CAD, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
USD/CHF, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
USD/JPY, Dec | Mar, Jun, Sep, Dec | 13/12/2024 00:00:00 |
Product | Basis of Expiry Price | Daily Funding Premium* | NTR** Multiplier (Pro) | NTR** Multiplier (Retail) |
---|---|---|---|---|
Currencies, Dailies | ||||
Spot, AUD/CAD | 0.8% | 0.5% | 5.0% | |
Spot, AUD/CHF | 0.8% | 0.5% | 5.0% | |
Spot, AUD/CNH | 0.8% | 2.5% | 5.0% | |
Spot, AUD/JPY | 0.8% | 0.5% | 5.0% | |
Spot, AUD/NZD | 0.8% | 0.5% | 5.0% | |
Spot, AUD/USD | 1% | 0.5% | 5.0% | |
Spot, CAD/CHF | 0.8% | 0.5% | 3.33% | |
Spot, CAD/CNH | 0.8% | 2.5% | 5.0% | |
Spot, CAD/JPY | 0.8% | 0.5% | 3.33% | |
Spot, CHF/JPY | 0.8% | 0.5% | 3.33% | |
Spot, CNH/JPY | 0.8% | 2.5% | 5.0% | |
Spot, EUR/AUD | 0.8% | 0.5% | 5.0% | |
Spot, EUR/CAD | 0.8% | 0.5% | 3.33% | |
Spot, EUR/CHF | 0.8% | 0.5% | 3.33% | |
Spot, EUR/CZK | 0.8% | 2.5% | 5.0% | |
Spot, EUR/DKK | 0.8% | 5.0% | 5.0% | |
Spot, EUR/GBP | 0.8% | 0.5% | 3.33% | |
Spot, EUR/HUF | 0.8% | 2.5% | 5.0% | |
Spot, EUR/JPY | 0.8% | 0.5% | 3.33% | |
Spot, EUR/NOK | 0.8% | 2.5% | 5.0% | |
Spot, EUR/NZD | 0.8% | 0.5% | 5.0% | |
Spot, EUR/PLN | 0.8% | 2.5% | 5.0% | |
Spot, EUR/SEK | 0.8% | 2.5% | 5.0% | |
Spot, EUR/SGD | 0.8% | 0.5% | 5.0% | |
Spot, EUR/USD | 0.8% | 0.5% | 3.33% | |
Spot, EUR/ZAR | 0.8% | 10.0% | 10.0% | |
Spot, GBP/AUD | 0.8% | 0.5% | 5.0% | |
Spot, GBP/CAD | 0.8% | 0.5% | 3.33% | |
Spot, GBP/CHF | 0.8% | 0.5% | 3.33% | |
Spot, GBP/CNH | 0.8% | 2.5% | 5.0% | |
Spot, GBP/DKK | 0.8% | 5.0% | 5.0% | |
Spot, GBP/EUR | 0.8% | 0.5% | 3.33% | |
Spot, GBP/JPY | 0.8% | 0.5% | 3.33% | |
Spot, GBP/NOK | 0.8% | 2.5% | 5.0% | |
Spot, GBP/NZD | 0.8% | 0.5% | 5.0% | |
Spot, GBP/SEK | 0.8% | 2.5% | 5.0% | |
Spot, GBP/TRY | 0.8% | 10.0% | 10.0% | |
Spot, GBP/USD | 0.8% | 0.5% | 3.33% | |
Spot, GBP/ZAR | 0.8% | 10.0% | 10.0% | |
Spot, NZD/CAD | 0.8% | 0.5% | 5.0% | |
Spot, NZD/CHF | 0.8% | 0.5% | 5.0% | |
Spot, NZD/JPY | 0.8% | 0.5% | 5.0% | |
Spot, NZD/USD | 0.8% | 0.5% | 5.0% | |
Spot, USD/CAD | 0.8% | 0.5% | 3.33% | |
Spot, USD/CHF | 0.8% | 0.5% | 3.33% | |
Spot, USD/CNH | 0.8% | 2.5% | 5.0% | |
Spot, USD/CZK | 0.8% | 2.5% | 5.0% | |
Spot, USD/DKK | 0.8% | 5.0% | 5.0% | |
Spot, USD/HUF | 0.8% | 2.5% | 5.0% | |
Spot, USD/JPY | 0.8% | 0.5% | 3.33% | |
Spot, USD/MXN | 0.8% | 2.5% | 5.0% | |
Spot, USD/NOK | 0.8% | 2.5% | 5.0% | |
Spot, USD/PLN | 0.8% | 2.5% | 5.0% | |
Spot, USD/SEK | 0.8% | 2.5% | 5.0% | |
Spot, USD/SGD | 0.8% | 0.5% | 5.0% | |
Spot, USD/TRY | 0.8% | 10.0% | 10.0% | |
Spot, USD/ZAR | 0.8% | 10.0% | 10.0% | |
Currencies, Futures | ||||
AUD/USD, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 5.0% |
EUR/CHF, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 3.33% |
EUR/GBP, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 3.33% |
EUR/JPY, Dec | Default | N/A | 0.5% | 3.33% |
EUR/USD, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 3.33% |
GBP/CHF, Dec | Spreadex closing price on day of expiry | N/A | 0.5% | 3.33% |
GBP/JPY, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 3.33% |
GBP/USD, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 3.33% |
NZD/USD, Dec | CME Official Closing Price +/- Spreadex spread | N/A | 0.5% | 5.0% |
US Dollar Index, Dec | ICE official settlement on last day of trading +/- spread | N/A | 0.5% | 10.0% |
USD/CAD, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 3.33% |
USD/CHF, Dec | Spreadex closing price on day of expiry | N/A | 0.5% | 3.33% |
USD/JPY, Dec | CME Official Closing Price +/- Spread | N/A | 0.5% | 3.33% |
^Please note that all markets close at 21:15 on a Friday and reopen from 22:00 on a Sunday as specified per individual market trading hours. Spot currencies open at 21:00 but are phone trade only until 22:00.
†Please note that to see specific expiry dates for certain markets, you need to log in to your account and then click on the 'i' button next to your chosen market. The specific expiry date for that product will be shown on the market information ticket.
*These products are continuously rolled overnight. For the rollover rate, the daily funding rate for FX is added to the interest differential which is based on the relevant overnight interbank lending rates between the two currency pairs. See here for more on funding.
**NTR relates to Notional Trading Requirement (aka 'Initial Margin' and 'Deposit') and refers to the funds required as initial outlay for a trade. It is not the total amount that can be lost on the trade but the minimum amount you need to set aside to place a specific trade. NTRs vary from product to product, please see our Market Information Sheets above for specific details.
how to
roll a forex trade
All spot FX trades will automatically roll every weekday at 10pm. However you can specify whether you would like to roll any FX futures trades by visiting the ‘Rolling Trades’ page within ‘My Account’ once you have logged in.
When you first open the account, as a default setting, all preferences are set for trades not to roll. If you wish for your trades to roll past their respective expiry dates it is essential that you have updated these preferences.
If you would like to roll all FX futures trades, please ensure that the ‘Currencies’ box is ticked, as shown in the above example.
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 understand
THE CLOSE OUT LEVEL for FOREX TRADES
We operate an automatic close out policy which means that some or all of your positions may be closed without notice to you if your account reaches the Close Out Level. Please see Rule 22 of our Customer Agreement. The Close Out Level is reached if your aggregate Available Balance is a negative figure.
You can reduce the risk of your account reaching the Close Out Level by ensuring you have sufficient cash in your account, or by reducing some of your positions – this is particularly important in volatile markets or if you are travelling.
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 0.8% . 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 + 0.8%) x Currency Price x Stake)/365.
UNDERSTANDING WHY
THE ROLLOVER CHARGE VARIES
Each day there will be a slightly different rate as the interbank rates change daily for the currency rates. Also, the price used in the calculation will change as the financing charge is based on the price at 22:00 each night.
Please note that on Wednesday nights, we apply a 3 night rollover. This is to account for TomNext settlement.
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
find out more on
GBP/USD
The GBP/USD is one of the most heavily traded pairs for those interested in Forex trading or FX spread betting. It represents how many US dollars can be bought in exchange for one pound sterling.
This FX pairing is also referred to as “cable”, in reference to the transatlantic cable laid under the Atlantic Ocean in 1858, which telegraphically linked the US and the UK.
So for a spread bet on cable, if you believe the pound will grow in value against the dollar (therefore worth more dollars in an exchange), you will buy the currency. If you believe the pound will grow weaker (therefore worth less in comparison to dollars), you would sell the currency.
find out more on
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.
find out more on
EUR/USD
The EUR/USD is one of the most heavily traded currency pairs for those interested in FX trading or Forex spread betting. It represents how many US dollars can be bought in exchange for one euro.
This FX pairing represents two of the biggest and most heavily traded currencies in the world. Both currencies are used extensively as reserve currencies.
For financial spread betting, if you believe the euro will grow in value against the dollar (therefore worth more dollars in an exchange), you will buy the currency, if you believe the euro will grow weaker (therefore worth less in comparison to dollars), you would sell the currency.
find out more on
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.
find out more on
USD/CAD
The USD/CAD FX pairing is one of the more popular pairings for those interested in Forex trading or currency spread betting. It represents how many Canadian dollars can be bought in exchange for one US dollar.
For financial spread betting, if you believe the US dollar will grow in value against the Canadian dollar (therefore worth more Canadian dollars in an exchange), you will buy the currency, if you believe the US dollar will grow weaker (therefore worth less in comparison to Canadian dollars), you would sell the currency.
Find out more on
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.
find out more on
USD/JPY
The USD/JPY is one of the most 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 US dollar.
For financial spread betting, if you believe the US dollar will grow in value against the Japanese yen (therefore worth more yen in an exchange), you will buy the currency, if you believe the dollar will grow weaker (therefore worth less in comparison to yen), you would sell the currency.
find out more on
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.
find out more on
EUR/CHF
For those interested in FX trading or Forex spread betting. It represents how many Swiss francs can be bought in exchange for one euro.
The euro is controlled by the European Central Bank and has a goal of keeping inflationary pressures low, the Swiss franc is controlled by the Swiss National Bank and aims to maintain price stability while creating the right conditions for stable economic growth.
For financial spread betting, if you believe the euro will grow in value against the Swiss franc (therefore worth more francs in an exchange), you will buy the currency, if you believe the euro will grow weaker (therefore worth less in comparison to francs), you would sell the currency.
find out more on
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.