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Forex MT4 product details

Spreads from 0.6 pips on a popular range of currency pairs

Our forex spreads change depending on underlying market volatility. As such, we have the following:                      

  • Minimum spread – our tightest possible spread, quoted when the underlying market narrows                    
  • Standard spread – our standard, in-house dealing spread                    
  • Average spread – the average spread over a given period of time

Major

Major pairs

Currency Pair [1] Value per pip [2] Minimum spread

Average spread* [3]

Minimum requirement [4]
AUD/USD $10 0.6 0.76 1%
EUR/CHF CHF10 2 2.32 1.5%
EUR/GBP £10 0.9 1.14 1%
EUR/JPY Y1000 1.5 1.99 1%
EUR/USD $10 0.6 0.70 1%
GBP/JPY Y1000 2.5 2.96 1%
GBP/USD $10 0.9 1.28 1%
USD/CAD C$10 1.7 2.39 1%
USD/CHF CHF10 1.5 1.88 1.5%
USD/JPY Y1000 0.7 0.83 1%

 

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Minor

Minor pairs

Currency Pair [1]

Value per point [2]

Minimum spread

Average spread* [3]

Minimum requirement [4]

CAD/CHF CHF10 2.5 2.96 1.5%
CAD/JPY Y1000 2.5 3.41 1%
CHF/JPY Y1000 2 2.54 1.5%
EUR/CAD CAD10 3 4.11 1%
EUR/SGD SGD10 5 5.79 1%
GBP/CAD CAD10 3.5 4.73 1%
GBP/CHF CHF10 3 3.80 1.5%
GBP/SGD SGD10 8 9.89 1%
SGD/JPY Y1000 4 5.12 1%
USD/SGD SGD10 3 3.38 1%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Australasian

Australasian pairs

Currency Pair [1] Value per pip [2] Minimum spread Average spread* [3] Minimum requirement [4]
AUD/CAD CAD10 2 2.68 1%
AUD/CHF CHF10 2.5 2.79 1.5%
AUD/JPY Y1000 1.3 1.77 1%
AUD/NZD NZD10 3 3.18 0.5%
AUD/SGD SGD10 5 6.60 0.5%
EUR/AUD AUD10 1.8 2.29 1%
EUR/NZD NZD10 3 4.05 1%
GBP/AUD AUD10 1.9 4.39 1%
GBP/NZD NZD10 5 6.75 1%
NZD/CHF CHF10 4 5.34 1.5%
NZD/JPY Y1000 2.5 2.96 1%
NZD/USD $10 2 2.40 1%


Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Exotics

Exotic pairs

Currency Pair [1] Value per pip [2] Minimum spread Average spread* [3] Minimum requirement [4]
CHF/HUF HUF1000 30 39.24 1.5%
EUR/CZK CZK100 25 27.45 5%
EUR/HUF HUF1000 25 40.28 1.5%
EUR/MXN MXN10 90 146.17 2.5%
EUR/PLN PLN10 25 45.43 1.5%
GBP/CZK CZK100 30 32.51 5%
GBP/HUF HUF1000 30 41.35 1.5%
GBP/MXN MXN10 130 176.36 2.5%
GBP/PLN PLN10 30 49.66 1.5%
USD/CZK CZK100 25 25.71 5%
USD/HUF HUF1000 25 39.13 1.5%
USD/MXN MXN10 50 74.62 2.5%
USD/PLN PLN10 25 32.10 1.5%

 

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Scandinavian

Scandinavian pairs

Currency Pair [1] Value per pip [2] Minimum spread Average spread* [3] Minimum requirement [4]
CAD/NOK NOK10 50 65.33 1%
CHF/NOK NOK10 40 59.06 5%
EUR/NOK NOK10 25 38.45 1%
EUR/SEK SEK10 30 39.15 1%
GBP/NOK NOK10 50 78.77 1%
GBP/SEK SEK10 50 76.07 1%
NOK/SEK SEK10 10 12.42 0.5%
USD/NOK NOK10 25 35.72 1%
USD/SEK SEK10 25 32.23 1%


* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016. For our minimum spreads, please see our forex CFD and MT4 details.

Notes to tables

Foreign exchange CFDs and spread bets are a form of cash-settled trades that provide exposure to changes in exchange rates, but cannot result in the delivery of the underlying currencies.

1. Normal dealing hours for all pairs are from 22.00 (London time) on Sunday until 22.00 (London time) on Friday. All dealing times listed are London times.

2. The minimum transaction size is 0.1 contracts. For every pair, one contract = 100,000 of the first-named currency.

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. Margin requirements represent a percentage of the overall position value. The amount of margin required depends on the amount of leverage set on the account. 

Default leverage on an MT4 account is 200:1, which gives a margin requirement of 0.5%. This can also be decreased to 40:1, for a margin requirement of 2.5%.

5. 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. Our standard convert-on-close charge is 0.3%. 

6. 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 x contract size
R = the current tom-next rate, including an administrative charge not exceeding 0.3% per annum.

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).

7. You will not be charged any additional commission unless notified in writing.