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Forex options product details

Trade barrier and vanilla options on a range of global currency pairs. Use barrier options to take control of your leverage and risk, trade on flat markets and more with vanilla options.

Barriers

Market name [9] Dealing hours [10] One point means Minimum bet [11] Minimum spread [7] Average spread [12] Knock-out premium Commission [9]
AUD/JPY 24 hours 0.0001 A$/¥ 1 1.1 1.16 15 0.1 per contract
AUD/USD 24 hours 0.0001 A$/$ 1 1.5 0.56 0.8 0.1 per contract
EUR/AUD 24 hours 0.0001 €/S 1 1.6 2.02 2 0.1 per contract
EUR/CHF 24 hours 0.0001 $/SF 1 1.8 2.03 3 0.1 per contract
EUR/GBP 24 hours 0.0001 €/£ 1 0.7 1.03 2 0.1 per contract
EUR/JPY 24 hours 0.0001 €/¥ 1 1.3 1.44 1.5 0.1 per contract
EUR/USD 24 hours 0.0001 £/€ 1 0.4 0.55 1.2 0.1 per contract
GBP/CHF 24 hours 0.0001 £/SF 1 2.8 3.6 4 0.1 per contract
GBP/JPY 24 hours 0.0001 £/¥ 1 2.3 2.4 2 0.1 per contract
GBP/USD 24 hours 0.0001 £/$ 1 0.7 0.97 2 0.1 per contract
NZD/USD 24 hours 0.0001 N$/$ 1 1.6 1.96 1 0.1 per contract
USD/CAD 24 hours 0.0001 $/C$ 1 1.1 1.31 1.5 0.1 per contract
USD/CHF 24 hours 0.0001 $/SF 1 1.3 1.5 2.5 0.1 per contract
USD/JPY 24 hours 0.0001 $/¥ 1 0.5 0.56 1.5 0.1 per contract
AUD/CAD 24 hours 0.0001 C$/A$ 1 1.3 1.58 1 0.1 per contract
AUD/CHF 24 hours 0.0001 SF/A$ 1 1.8 2.02 2 0.1 per contract
AUD/CNH 24 hours 0.0001 CNH/A$ 1 19.8 22.00 10 0.1 per contract
AUD/EUR 24 hours 0.0001 €/A$ 1 1.3 1.49 1.2 0.1 per contract
AUD/GBP 24 hours 0.0001 £/A$ 1 1.3 2.60 2 0.1 per contract
AUD/NZD 24 hours 0.0001 NZ/A$ 1 2.3 2.51 3 0.1 per contract
AUD/SGD 24 hours 0.0001 SD/A$ 1 2.8 3.35 4 0.1 per contract
BRL/JPY 13:11-22:00 0.01 ¥/C$ 1 4.8 6.06 3 0.1 per contract
CAD/CHF 24 hours 0.0001 SF/C$ 1 2.3 2.63 2 0.1 per contract
CAD/CNH 24 hours 0.0001 CNH/C$ 1 14.8 16.57 10 0.1 per contract
CAD/JPY 24 hours 0.01 ¥/C$ 1 1.8 2.20 2 0.1 per contract
CAD/NOK 24 hours 0.0001 NK/C$ 1 24.8 41.67 80 0.1 per contract
CHF/HUF 24 hours 0.01 HF/SF 1 24.8 33.76 50 0.1 per contract
CHF/JPY 24 hours 0.01 ¥/SF 1 1.8 2.01 4 0.1 per contract
CHF/NOK 24 hours 0.0001 NK/SF 1 39.8 49.00 60 0.1 per contract
CHF/TRY 24 hours 0.0001 TL/SF 1 24.8 90.30 100 0.1 per contract
CNH/JPY 24 hours 0.01 ¥/CNH 1 0.6 0.92 1 0.1 per contract
EUR/CAD 24 hours 0.0001 C$/€ 1 2.3 3.02 3 0.1 per contract
EUR/CNH 24 hours 0.0001 CNH/ 1 29.8 42.29 15 0.1 per contract
EUR/CZK 24 hours 0.001 CK/ 1 24.8 36.03 50 0.1 per contract
EUR/DKK 24 hours 0.0001 DK/ 1 9.8 14.23 200 0.1 per contract
EUR/HUF 24 hours 0.01 HF/ 1 19.8 34.40 50 0.1 per contract
EUR/ILS 24 hours 0.0001 ILS/ 1 39.8 65.81 80 0.1 per contract
EUR/MXN 24 hours 0.0001 MP/ 1 99.8 177.6 400 0.1 per contract
EUR/NZD 24 hours 0.0001 NZ/ 1 2.8 3.50 4 0.1 per contract
EUR/PLN 24 hours 0.0001 PZ/ 1 24.8 36.84 60 0.1 per contract
EUR/RUB 07:01-18:00 0.0001 RUB/ 1 1199.8 1490.04 2000 0.1 per contract
EUR/SGD 24 hours 0.0001 SD/ 1 3.8 4.19 4 0.1 per contract
EUR/TRY 24 hours 0.0001 TL/ 1 59.8 84.37 120 0.1 per contract
EUR/ZAR 24 hours 0.0001 SR/ 1 149.8 182.64 100 0.1 per contract
GBP/AUD 24 hours 0.0001 A$/£ 1 1.7 2.28 3 0.1 per contract
GBP/CAD 24 hours 0.0001 C$/£ 1 2.8 3.42 4 0.1 per contract
GBP/CNH 24 hours 0.0001 CNH/£ 1 34.8 37.50 2 0.1 per contract
GBP/CZK 24 hours 0.001 CK/£ 1 29.8 36.00 50 0.1 per contract
GBP/DKK 24 hours 0.0001 DK/£ 1 29.8 39.38 50 0.1 per contract
GBP/EUR 24 hours 0.0001 €/£ 1 1.8 1.94 2 0.1 per contract
GBP/HUF 24 hours 0.01 HF/£ 1 24.8 34.59 50 0.1 per contract
GBP/ILS 24 hours 0.0001 ILS/£ 1 49.8 78.24 150 0.1 per contract
GBP/INR 02:31-21:00 0.0001 INR/£ 1 14..8 17.24 2 0.1 per contract
GBP/MXN 24 hours 0.0001 MP/£ 1 129.8 188.69 500 0.1 per contract
GBP/NZD 24 hours 0.0001 NZ/£ 1 4.8 5.63 5 0.1 per contract
GBP/PLN 24 hours 0.0001 PZ/£ 1 29.8 42.84 40 0.1 per contract
GBP/SGD 24 hours 0.0001 SD/£ 1 4.8 5.86 4 0.1 per contract
GBP/TRY 24 hours 0.0001 TL/£ 1 69.8 94.05 30 0.1 per contract
GBP/ZAR 24 hours 0.0001 SR/£ 1 199.8 241.10 150 0.1 per contract
INR/JPY 24 hours 0.01 ¥/INR 1 1.3 2.60 0.2 0.1 per contract
MXN/JPY 24 hours 0.01 ¥/MP 1 0.4 0.64 3 0.1 per contract
NOK/JPY 24 hours 0.01 ¥/NK 1

0.8

1.18 4 0.1 per contract
NOK/SEK 24 hours 0.0001 SK/NK 1 5.8 9.58 12 0.1 per contract
NZD/AUD 24 hours 0.0001 A$/NZ 1 3.3 4.8 5 0.1 per contract
NZD/CAD 24 hours 0.0001 C$/NZ 1 3.3 3.55 1 0.1 per contract
NZD/CHF 24 hours 0.0001 SF/NZ 1 3.8 4.10 3 0.1 per contract
NZD/CNH 24 hours 0.0001 CNH/NZ 1 14.8 17.23 10 0.1 per contract
NZD/EUR 24 hours 0.0001 €/NZ 1 1.3 1.59 1.5 0.1 per contract
NZD/GBP 24 hours 0.0001 £/NZ 1 1.8 2.82 2 0.1 per contract
NZD/JPY 24 hours 0.01 ¥/NZ 1 1.8 2.00 2 0.1 per contract
PLN/JPY 24 hours 0.01 ¥/PZ 1 1.8 2.34 7 0.1 per contract
RUB/JPY 24 hours 0.01 ¥/RUB 1 2.3 2.38 15 0.1 per contract
SEK/JPY 24 hours 0.01 ¥/SK 1 0.4 0.56 7 0.1 per contract
SGD/JPY 24 hours 0.01 ¥/SD 1 3.8 4.04 3 0.1 per contract
TRY/JPY 24 hours 0.01 ¥/TL 1 7.8 7.80 12 0.1 per contract
USD/BRL 13:11-22:00 0.0001 BRL/$ 1 49.8 49.88 20 0.1 per contract
USD/CNH 24 hours 0.0001 CNH/$ 1 9.8 14.96 10 0.1 per contract
USD/CZK 24 hours 0.001 CK/$ 1 24.8 29.36 50 0.1 per contract
USD/DKK 24 hours 0.0001 DL/$ 1 14.8 19.77 20 0.1 per contract
USD/HUF 24 hours 0.01 HF/$ 1 19.8 33.06 50 0.1 per contract
USD/IDR 02:31-21:00 0.0001 IDR/$ 1 29.8

31.35

2 0.1 per contract
USD/ILS 24 hours 0.0001 ILS/$ 1 49.8 71.06 80 0.1 per contract
USD/INR 02:31-21:00 0.0001 INR/$ 1 14.8 16.74 2 0.1 per contract
USD/KRW 02:31-21:00 0.0001 KRW/$ 1 99.8 148.04 2 0.1 per contract
USD/MXN 24 hours 0.0001 MP/$ 1 49.8 69.06 350 0.1 per contract
USD/PHP 02:31-21:00 0.0001 PHP/$ 1 14.8 15.69 2 0.1 per contract
USD/PLN 24 hours 0.0001 PZ/$ 1 24.8 29.57 40 0.1 per contract
USD/RUB 07:01-18:00 0.0001 RUB/$ 1 999.8 1233.11 2000 0.1 per contract
USD/SGD 24 hours 0.0001 SD/$ 1 2.8 3.09 1 0.1 per contract
USD/THB 24 hours 0.0001 THB/$ 1 0.8 1.12 25 0.1 per contract
USD/TRY 24 hours 0.0001 TL/$ 1 49.8 70.72 100 0.1 per contract
USD/TWD 02:31-21:00 0.0001 TWD/$ 1 19.8 26.45 2 0.1 per contract
USD/ZAR 24 hours 0.0001 SR/$ 1 89.8 107.82 200 0.1 per contract
ZAR/JPY 24 hours 0.01 ¥/SR 1 3.8 3.80 6 0.1 per contract


Notes

  1. Barriers, or barrier options, are trades on a bought option, which means you cannot go short on them. You can buy a call barrier if you expect the market to rise, and buy a put barrier if you expect the market to fall.
  2. Barriers are not available for rollover, regardless of any instructions held on your account. All barriers settle basis a pre-determined expiry rule. To find out more, take a look at each market’s individual information in the platform.
  3. Trades not already closed by you or knocked out expire automatically at the date/time indicated.
  4. A barrier is automatically closed off at 0 if the relevant bid/ask reaches the knock-out level before expiry. The knock-out level chosen by you is guaranteed and therefore protected from slippage.
  5. The open price (options premium) of a barrier is the difference between the underlying IG price and the knock-out level, plus the knock-out premium. The knock-out premium is included in our spread, so you pay it when you buy to open and receive it back if you sell to close before your knock-out level is triggered.
  6. The knock-out premium is variable, based on anticipated risk in the underlying market. The premium may increase if market volatility increases, and decrease if market volatility decreases. It is possible the value of the knock-out premium will change while you have an open position. If the premium increases your knock-out will be worth more, and if the premium decreases your knock-out will be worth less.
  7. Spreads are subject to variation, especially in volatile market conditions. The spreads are equivalent to underlying IG market spreads. Please see the individual IG underlying market pages (indices, forex and commodities) for further information on how their spread is determined.
  8. The cost of buying a barrier is the opening price (options premium) multiplied by the size of the bet. This is the maximum amount that the bet can lose.
  9. Commission applies upon both the opening and closing of a trade
  10. Normal dealing hours for all pairs are from 21.00 (London time) on Sunday until 21.59 (London time) on Friday, with the exception of emerging-market pairs, which operate on different schedules. All dealing times listed are London times. Please note that Daylight Savings Time in the UK or the country of origin may cause the times shown to be imprecise.
  11. The minimum transaction size is one contract. Transactions above this minimum size, can be in fractions of a contract.
  12. Average spread (Monday 00.00 - Friday 22.00 London time) for the 12 weeks ending 7 December 2018.
  13. 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.

FX overnight funding charges

For foreign exchange transactions, adjustments are made to calculate the cost of funding a position, and these are posted to your account daily. The adjustments are calculated as follows:

A = V x R
Where:
A = the funding cost
V = the number of contracts
R = the current tom-next rate

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.
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.
Seperately an admin fee of 0.3% per anuum will be applicable for holding positions at 10pm (London Time)

Vanilla options

Daily forex vanilla options

Market Dealing hours Contract size Min Bet Available spread Commission Retail margin (when selling)

Professional margin (when selling)

Daily GBP/USD 23 hours (1) $1 $1 3-5 $0.1 per contract 2% 1%
Daily USD/JPY 23 hours (1) ¥100 ¥100 3-4 ¥10 per contract 2% 0.5%
Daily USD/CHF 23 hours (1) SF1 SF1 2.5-3 SF0.1 per contract 2% 1.5%
Daily EUR/GBP 23 hours (1) £1 £1 3-5 £0.1 per contract 2% 1%
Daily AUD/USD 23 hours (1) $1 $1 3-5 $0.1 per contract 2% 0.5%


Daily forex vanilla option notes

  1. Daily FX options settle basis the first trade as reported by Bloomberg at 20.00 GMT. Trading hours are from 07.15 GMT Monday morning until 19.59 before reopening at 21.00 for the following day’s settlement. This follows throughout the week until 19.59 GMT Friday.
  2. If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.

Weekly and quarterly forex vanilla options

Market Dealing hours Contract size Min Bet Available spread Commission Retail margin (when selling) Professional margin (when selling)
EUR/USD 24 hours (1) (2) $1 $1 5-8 $0.1 per contract 2% 0.5%
GBP/USD 24 hours (1) (2) $1 $1 8-16 $0.1 per contract 2% 1%
USD/JPY 24 hours (1) (2) ¥100 ¥100 5-8 ¥10 per contract 2% 0.5%
AUD/USD 24 hours (1) (2) $1 $1 5-6 $0.1 per contract 2% 0.5%
USD/CAD 24 hours (1) (2) 1CD 1CD 5-8 CD 0.1 per contract 2% 0.5%
EUR/JPY 24 hours (1) (2) ¥100 ¥100 6-16 ¥10 per contract 2% 0.5%
GBP/JPY 24 hours (1) (2) ¥100 ¥100 14-20 ¥10 per contract 2% 1%
EUR/GBP 24 hours (1) (2) £1 £1 6-8 £0.1 per contract 2% 1.%

Weekly and quarterly vanilla option notes

  1. Weekly FX options settle on Friday basis the first print as reported by Bloomberg at 10am New York time on the expiry date. Quarterly FX options settle on the third Wednesday of the contract month basis the first print as reported by Bloomberg at 10am New York time on the expiry date.
  2. Trading is available from 07:30 Monday GMT through to 21:15 GMT Friday.
  3. If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Options are complex financial instruments and your capital is at risk. Losses may be extremely rapid.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.