Forex CFD product details

Start trading now

It's free to open an account with us - and there's no obligation to fund or trade. Or, open a demo to try out our platform.

Spreads from 0.6 pips on a popular range of currency pairs

Our forex spreads are variable depending on underlying market prices. In most conditions we can usually offer our minimum spread, but when market prices go wider, our spread will increase. Market prices can get wider at illiquid times of day, or when major news or economic data is released. In the tables below you will find our minimum spreads and our average spread for a given period:               

  • Minimum spread – our tightest possible spread         
  • Average spread – the average spread over a given period of time

Major

Major

For every pair, one contract = 100,000 of the first-named currency.

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Limited risk premium [4]

Margin required [5]

Standard

Mini

AUD/USD $10 $1 0.6 0.75 0.8 0.5%
EUR/CHF CHF10 CHF1 2 2.30 n/a 1.5%
EUR/GBP £10 £1 0.9 1.17 2 1%
EUR/JPY Y1000 Y100 1.5 1.96 1.5 0.5%
EUR/USD $10 $1 0.6 0.75 1.2 0.5%
GBP/EUR €10 €1 2 2.60 1.5 1%

GBP/JPY

Y1000 Y100 2.5 3.04 2 1%
GBP/USD $10 $1 0.9 1.34 2 1%
USD/CAD C$10 C$1 1.7 2.50 1.5 0.5%
USD/CHF CHF10 CHF1 1.5 2.04 2 1.5%
USD/JPY Y1000 Y100 0.7 0.86 1.5 0.5%

 

Average spread (Monday 01:00 - Friday 23:00 CET) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Minor

Minor

For every pair, one contract = 100,000 of the first-named currency.

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Limited risk premium [4]

Margin required [5]

Standard

Mini

CAD/CHF CHF10 CHF1 2.5 3.16 2 1.5%
CAD/JPY Y1000 Y100 2.5 3.61 1.5 0.75%
CHF/JPY Y1000 Y100 2 2.76 3 1.5%
EUR/CAD C$10 C$1 3 4.25 6 0.5%
EUR/SGD SGD10 SGD1 5 6.19 8 0.75%
EUR/ZAR ZAR10 ZAR1 150 198.98 100 2.5%
GBP/CAD C$10 C$1 3.5 4.74 7 1%
GBP/CHF CHF10 CHF1 3 3.98 4 1.5%
GBP/SGD SGD10 SGD1 8 10.42 8 1%
GBP/ZAR ZAR10 ZAR1 200 256.98 150 2.5%
SGD/JPY Y1000 Y100 4 5.22 3 1%
USD/SGD SGD10 SGD1 3 3.55 2 0.75%
USD/ZAR ZAR10 ZAR1 90 128.75 200 2.5%


Average spread (Monday 01:00 - Friday 23:00 CET) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Australasian

Australasian

For every pair, one contract = 100,000 of the first-named currency.

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Limited risk premium [4]

Margin required [5]

Standard

Mini

AUD/CAD C$10 C$1 2 2.78 2 0.5%
AUD/CHF CHF10 CHF1 2.5 2.95 2 1.5%
AUD/EUR EUR10 EUR1 1.5 2.83 3 0.5%
AUD/GBP £10 £1 1.5 2.94 2 1%
AUD/JPY Y1000 Y100 1.3 1.91 1.5 0.5%
AUD/NZD NZD10 NZD1 3 3.18 5 0.75%
AUD/SGD SGD10 SGD1 5 6.84 4 1%
EUR/AUD AUD10 AUD1 1.8 2.61 4 0.5%
EUR/NZD NZD10 NZD1 3 4.02 7 0.75%
GBP/AUD AUD10 AUD1 1.9 4.39 5 1%
GBP/NZD NZD10 NZD1 5 6.87 20 1%
NZD/CHF CHF10 CHF1 4 5.60 3 1.5%
NZD/EUR EUR10 EUR1 1.5 1.99 3 0.75%
NZD/GBP £10 £1 2 3.01 2 1%
NZD/JPY Y1000 Y100 2.5 3.21 3 0.75%
NZD/USD $10 $1 2 2.13 2 0.75%
NZD/CAD C$10 C$1 3.5 5.10 2 0.75%


Average spread (Monday 01:00 - Friday 23:00 CET) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Scandinavian

Scandinavian

For every pair, one contract = 100,000 of the first-named currency.

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Limited risk premium [4]

Margin required[5]

Standard

Mini

CAD/NOK NOK10 NOK1 25 65.94 80 1%
CHF/NOK NOK10 NOK1 40 55.77 60 1.5%
EUR/DKK DKK10 DKK1 10 14.40 200 5%
EUR/NOK NOK10 NOK1 25 34.27 40 0.75%
EUR/SEK SEK10 SEK1 30 37.76 40 0.75%
GBP/DKK DKK10 DKK1 30 45.36 45 5%
GBP/NOK NOK10 NOK1 50 76.70 60 1%
GBP/SEK SEK10 SEK1 50 78.55 100 1%
NOK/SEK SEK10 SEK1 6 12.07 12 1%
USD/DKK DKK10 DKK1 15 19.80 20 5%
USD/NOK NOK10 NOK1 25 35.20 40 0.75%
USD/SEK SEK10 SEK1 25 32.73 60 0.75%


Average spread (Monday 01:00 - Friday 23:00 CET) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Exotic

Exotic

For every pair, one contract = 100,000 of the first-named currency.

Currency pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Limited risk premium [4]

Margin required [5]

Standard

Mini

CHF/HUF HUF1000 HUF100 25 39.40 50 2%
EUR/CZK CZK100 CZK10 25 28.04 50 5%
EUR/HUF HUF1000 HUF100 20 42.09 50 2%
EUR/ILS ILS10 ILS1 40 83.28 80 2%
EUR/MXN MXN10 MXN1 90 186.97 200 2.5%
EUR/PLN PLN10 PLN1 25 45.41 60 1.5%
EUR/TRY TRY10 TRY1 15 29.44 15 2.5%
GBP/CZK CZK100 CZK10 30 34.49 50 5%
GBP/HUF HUF1000 HUF100 25 42.33 50 2%
GBP/ILS ILS10 ILS1 50 103.49 150 2%
GBP/MXN MXN10 MXN1 130 211.85 100 2.5%
GBP/PLN PLN10 PLN1 30 78.55 40 1.5%
GBP/TRY TRY10 TRY1 20 37.70 20 2.5%
TRY/JPY JPY1000 JPY100 5 6.91 8 2.5%
USD/CZK CZK100 CZK10 25 26.29 50 5%
USD/HUF HUF1000 HUF100 20 41.31 50 2%
USD/ILS ILS10 ILS1 30 76.43 80 2%
USD/MXN MXN10 MXN1 50 80.50 60 2.5%
USD/PLN PLN10 PLN1 25 33.51 40 1.5%
USD/TRY TRY10 TRY1 12 23.87 10 2.5%
MXNJPY JPY1000 JPY100 0.6 0.84 1.5 2.5%
NOKJPY JPY1000 JPY100 0.8 1.22 1 1%
PLNJPY JPY1000 JPY100 2 2.82 3 1.5%
SEKJPY JPY1000 JPY100 0.6 1.23 1 1%


Average spread (Monday 01:00 - Friday 23:00 CET) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Emerging

Emerging

Emerging markets pairs are either quoted based on the spot market (Spot FX) or 1-month non-deliverable forward prices (EMFX). Spot FX contracts are priced in the pair's second named currency, but EMFX contracts are only priced in US Dollars, Japanese Yen or Sterling.

 

Currency pair [1]

Value per point [2]

Minimum Spread

Average spread* [3]

Margin required [5]

Dealing hours

Standard

Mini

AUD/CNH CNH10 CNH1 20 25.17 2.5% 24 hours
CAD/CNH CNH10 CNH1 15 19.88 2.5% 24 hours
CNH/JPY ¥1000 ¥100 0.8 1.74 2.5% 24 hours
EUR/CNH CNH10 CNH1 30 44.50 2.5% 24 hours
EUR/RUB RUB10 RUB1 2000 2663.78 5% 07.00-17.00
GBP/CNH CNH10 CNH1 35 39.12 2.5% 24 hours
NZD/CNH CNH10 CNH1 15 23.01 2.5% 24 hours
USD/CNH CNH10 CNH1 10 15.46 2.5% 24 hours
SP_USDRUB RUB10 RUB1 1600 2452.15 5% 07.00-17.00
EMFX BRL/JPY ¥1000 ¥100 3 4.64 5% 13.05-22.00
EMFX GBP/INR £10 £1 35 37.35 5% 01.30-21.00
EMFX USD/BRL $10 $1 30 40.98 5% 13.05-22.00
EMFX USD/IDR $10 $1 80 106.64 5% 04.30-21.00
EMFX USD/INR $10 $1 20 21.22 5% 01.30-21.00
EMFX USD/KRW $10 $1 100 175.14 5% 01.00-21.00
EMFX USD/MYR $10 $1 100 150.23 5% 01.30-21.00
EMFX USD/PHP $10 $1 15 19.37 5% 01.30-21.00
EMFX USD/TWD $10 $1 80 147.13 5% 01.30-21.00


Average spread (Monday 01:00 - Friday 23:00 CET) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

CNH - Chinese renminbi (yuan) - offshore
BRL - Brazilian real
CLP - Chilean peso
INR - Indian rupee
IDR - Indonesian Rupiah
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. Unless otherwise stated, normal dealing hours for all pairs are from 22.00 on Sunday until 22.59 on Friday, with the exception of emerging-market pairs, which operate on different schedules. Please note that Daylight Savings Time in the UK or the country of origin may cause the times shown to be imprecise.
     
  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. Our quotations are derived from quotes in the underlying market available to us from the banks and liquidity providers with which we trade. We monitor the liquidity available in the underlying market, offering our minimum spread when the market spread is particularly small. In most other conditions, our typical spread applies. If spreads move wider in the underlying market, we may match this. We do not apply any weighting or biases to our pricing sources.
     
  4. For limited-risk trasactions a limited-risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.
     
  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 (excluding bitcoin), adjustments are made to calculate the cost of funding a position, and these are posted to the client's 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. This charge applies to both standard contracts and mini contracts.

    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. The funding charge is also affected by public holidays.
     
  8. We will not charge any additional commission unless we notify you in writing.

Open an account now

It’s free to open an account and there’s no obligation to fund or trade.

You might be interested in...

  • Execution and pricing

    Get fast, reliable execution and the best available prices.

  • DMA trading

    Direct access to shares and FX markets with our DMA platform.

  • Charts

    We've got the right charts for every trader, in every situation.

Contact us

Our helpdesk is open 24 hours a day from 9am Sunday to 11pm Friday.