Costs, rebates and margins
The tables below are the contract details for the custom CFDs we offer.
|Trading Hours (UK time)|
|US Light Crude Oil||08:05-19:25|
All our GBP/USD, EUR/USD and USD/JPY Custom Options will settle against the midpoint of the IG price for the relevant market at the time of expiry, or the first tick after the stated expiry. OneTouch and NoTouch GBP/USD, EUR/USD and USD/JPY Custom Options will be deemed to have breached the specified Touch level set by you when our midpoint reaches that point.
US Light Crude Oil
All US Light Crude Oil Custom Options will settle against the midpoint of the IG price for the relevant market at or immediately after the time of expiry. OneTouch and NoTouch US Light Crude Oil Custom Options will be deemed to have breached the specified touch level set by you when the IG Markets midpoint reaches that point.
All FTSE®100, Wall Street, US 500, Germany 30, France 40, Italy 40, Spain 35, Netherlands 25 and Sweden 30 Custom Options will settle against the first new print recorded by Bloomberg (E&OE) on, or after, the time of expiry. OneTouch and NoTouch FTSE® 100, Wall Street, US 500, Germany 30, France 40, Italy 40, Spain 35, Netherlands 25 and Sweden 30 Custom Options will be deemed to have breached the specified Touch level set by you when the underlying market, as recorded by Bloomberg (E&OE), trades at, or through, the stated level.
All Custom Options that expire at an unchanged level, ie they expire at the exact strike level of the option, will result in you losing 50% of your premium.
Due to the nature of Fast Options (ie the strike price moves constantly with the underlying market) we will be unable to value open positions or offer the opportunity to close existing positions. Therefore, Fast Options will always be held to expiry.
For all other Custom Options, we will endeavour to offer closing prices during market hours up until five minutes before the expiry of the option. You should be aware that outside of trading hours you will not be able to close positions and these positions may not be valued at correct levels.
The minimum premium on custom options is $10.
The maximum profit on custom options is $10,000.
Fast Options will always expire on the same day that the option is purchased. The minimum expiry time is two minutes from the time the option is purchased, and the maximum expiry time is the end of the trading day for that particular market.
All other Custom Options have expiries that range from the same day to five days away. For options that expire on a future date you must choose an expiry time on the hour (eg 9am, 10am, etc). For options that expire on the day they are purchased, the range of expiry times will depend on our view regarding factors that may affect the volatility of the underlying market that day. For example, if there are economic figures coming out that day you may only be able to choose expiry times on the hour. If there are no significant economic figures coming out that day, you may be able to choose expiry times ranging from two hours to the end of that trading day. For OneTouch and NoTouch custom options, we will only offer expiries for the same trading day.
Your Custom Options account will sit alongside our CFD trading account. Please note the following terms and conditions:
Fast Options enable you to take a position on the future direction of a market over a very short period of time.
Decide if you think a market will be higher or lower than it currently is within your chosen timeframe – from two minutes to two hours.
Binary Options are an exciting way to trade in both fast- and slow-moving markets.
Decide whether a market will be higher or lower than its current level when the option expires. Your timeframe ranges from one hour to five days.
With OneTouch Options you choose a level you think your chosen market will touch before a specified expiry time.
If the market reaches this level before the option expires, you make a profit. If it doesn't, you will lose your premium.
With our NoTouch Options you select the level you think a market will not touch before a specified time.
If the market touches this level during the specified timeframe, the trade closes and you lose your premium. If it doesn't, you profit.
With Binary Range Options you define a range of strike prices you believe the market will settle between at a chosen expiry time.
If the market is within your range when the option expires, you make a profit. If it is outside at expiry, you lose your premium.