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What are IG's knock-outs CFD product details?

Open an account with IG to enjoy tight spreads and transparent Knock-out pricing on Indices, Forex and Commodities.

  • Indices
  • Forex
  • Commodities
  • Notes

Index name

Value of one contract
Standard / Mini

Dealing hours

Dealing spread

Knock-out premium

Product details

Australia 200
24 hours

AUD 1

0950 - 1000 (AEST)

2

1.5

Australia 200

1000 - 1600 (AEST) 1
1600 - 1630 (AEST)

2

1710 - 0700 (AEST)

3

All other times

4

Singapore Index
24 hours

SGD 1

0900 - 1700 (SGT)

2

2

Singapore Index

1700 - 0440 (SGT) 4
0440 - 0900 (SGT)

10

Singapore Blue Chip
24 hours

SGD 1

0830 - 1710 (SGT)

0.1

0.2

Singapore Blue Chip

1815 - 0154 (SGT) 0.1
All other times

0.6

Wall Street
24 hours

$1

0300 - 0930 (EST)

2.4

1.8

Wall Street

0930 - 1600 (EST) 1.6
1615 - 1630 (EST)

9.8

1700 - 1800 (EST)

9.8

All other times

3.8

FTSE 100
24 hours

£1

0100 - 0700 (GMT)

3

1

FTSE 100

0700 - 0800 (GMT) 2
0800 - 1630 (GMT)

1

1630 - 2100 (GMT)

2

2100 - 0100 (GMT)

4

US 500
24 hours

$1

0930 - 1600
(EST)

0.4

0.25

US 500

1615 - 1630
(EST)
1.5
1700 - 1800
(EST)

1.5

All other times

0.6

Germany 30
24 hours

€1

0115 - 0800
(CET)

4

1.5

Germany 30

0800 - 0900
(CET)

2

0900 - 1730
(CET)

1

1730 - 2200
(CET)

2

2200 - 0115
(CET)

5

China A50
24 hours

$1

0900 - 1630
(SGT)

10

20

China A50

1700 - 0445
(SGT)

10*

All other times

24

China H-Shares
24 hours

HKD 1

0915 - 1200
(SGT)

6

10

China H-Shares

1300 - 1630
(SGT)

6

1715 - 0259
(SGT)

6

All other times 18

Hong Kong HS50
24 hours

HKD 1

0915 - 1200
(HKT)

5

10

Hong Kong HS50

1300 - 1630
(HKT)

5

1715 - 0259
(HKT)

8

All other times

30

Japan 225
24 hours

$1

0700 - 0830
(JST)

15

8

Japan 225

0830 - 0515
(JST)

7

All other times

30

US Tech 100
24 hours

$1

0930 - 1600
(EST)

1

1

US Tech 100

1615 - 1630
(EST)

5

1700 - 1800
(EST)

5

All other times

2

EU Stocks 50
24 hours

€1

0800 - 2200
(CET)

1.5

1

EU Stocks 50

2200 - 0115
(CET)

3

0115 - 0800
(CET)

2

Russell 2000
24 hours

$1

1615 - 1630
(EST)

0.8

0.3

Russell 2000

1700 - 1800
(EST)

0.8

All other times

0.3

Taiwan index
24 hours

NT$1

0845 - 1345
(SGT)

7

20

Taiwan Index

1500 - 0500
(SGT)

7

All other times

24

Netherlands 25
24 hours

€1

0900 - 1730
(CET)

0.1

0.4

Netherlands 25

1730 - 2200
(CET)
0.3
2200 - 0800
(CET)

0.5

0800 - 0900
(CET)

0.3

Spain 35
24 hours

€1

0800 - 0900
(CET)

5

4.5

Spain 35

0900 - 2000
(CET)
5
2000 - 0800
(CET)

12

India 50
24 hours

$1

0915 - 1530
(IST)

2

4

India 50

1530 - 1545
(IST)

5

1610 - 0215
(IST)

5

0630 - 0915
(IST)

5

All other times

10

Norway 25
24 hours

NOK 1

0900 - 1620
(CET)

0.5

0.6

Norway 25

1620 - 0900
(CET)

1.5

US Fang
24 hours

$1

0900 - 1430
(GMT)

3

1

US Fang

1430 - 2100
(GMT)

1.8

2100 - 0100
(GMT)

3

0100 - 0900
(GMT)

5

Denmark 25
0800 - 1555 (GMT)

DKK 1

0800 - 1555
(GMT)

1

0.6

Denmark 25

South Africa 40
24 hours

ZAR 1

0915 - 1530
(IST)

8*

6

South Africa 40

All other times

50*

Switzerland Blue Chip
24 hours

CHF 1

0800 - 2200
(CET)

2*

2

Switzerland Blue Chip

2200 - 0800
(CET)

6

Volatility Index
0230 - 0215 (CST)

$1

0230 - 0215
(CST)

0.1

0.2

Volatility Index

EU Volatility Index
0805 - 2200 (CET)

€1

0805 - 2200
(CET)

0.16

0.4

EU Volatility Index

US Dollar Basket
1800 - 1700 (EST)

$1

1800 - 1700
(EST)

5

10

US Dollar Basket

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

Currency Pair

Value for one contract

Standard/Mini

Minimum Spread

Average spread

Knock-out premium

AUDCAD

CAD1

1.5

2.09

1

AUDCHF

CHF1

2

2.49

2

AUDCNH

CNH1

20

22.63

10

AUDEUR

EUR1

1.5

1.75

1.5

AUDGBP

GBP1

1.5

2.88

2

AUDUSD

$1

0.6

0.75

0.8

AUDNZD

NZD1

2.5

2.97

3

AUDSGD

SGD1

3

4.49

4

AUDJPY

Y100

1.3

1.91

1.5

BRLJPY

Y100

5

10.49

3

CADCHF

CHF1

2.5

2.86

2

CADCNH

CNH1

15

17.01

10

CADJPY

Y100

2

2.68

1.5

CADNOK

NOK1

25

39.99

80

CHFHUF

HUF100

25

33.99

50

CHFJPY

Y100

2

2.32

3

CHFNOK

NOK1

40

49.99

60

CHFTRY

TRY1

25

90.30

100

CNHJPY

Y100

0.8

1.14

1

EURAUD

$1

1.8

2.61

2

EURCAD

CAD1

2.5

3.63

3

EURCHF

CHF1

2

2.17

3

EURCNH

CNH1

30

39.92

15

EURCZK

CZK10

25

35.15

50

EURDKK

DKK1

10

14.24

200

EURGBP

£1

0.9

1.17

2

EURHUF

HUF100

20

34.03

50

EURILS

ILS1

40

63.59

80

EURJPY

Y100

1.5

1.96

1.5

EURMXN

MXN1

100

179.69

400

EURNOK

NOK1

25

34.00

40

EURNZD

NZD1

3

3.65

4

EURPLN

PLN1

25

37.15

60

EURRUB

RUB1

1200

1638.40

2000

EURSEK

SEK1

30

38.92

40

EURSGD

SGD1

4

4.86

4

EURTRY

TRY1

60

170.00

15

EURUSD

$1

0.6

0.75

1.2

EURZAR

ZAR1

150

185.60

100

GBPAUD

AUD1

1.9

2.67

3

GBPCAD

CAD1

3

4.79

4

GBPCHF

CHF1

3

3.87

4

GBPCNH

CNH1

35

37.98

2

GBPCZK

CZK10

30

36.46

50

GBPDKK

DKK1

30

39.59

50

GBPEUR

1

2

2.17

2

GBPHUF

HUF100

25

35.72

50

GBPILS

ILS1

50

77.46

150

GBPINR

£1

35

28.88

2

GBPJPY

Y100

2.5

2.70

2

GBPMXN

MXN1

130

195.19

500

GBPNOK

NOK1

50

66.24

60

GBPNZD

NZD1

5

6.04

5

GBPPLN

PLN1

30

44.18

40

GBPSEK

SEK1

40

66.72

100

GBPSGD

SGD1

5

7.73

4

GBPTRY

TRY1

70

339.07

20

GBPUSD

$1

0.9

1.52

2

GBPZAR

ZAR1

90

109.23

200

INRJPY

Y100

1.5

2.60

0.2

MXNJPY

Y100

0.6

-

1.5

NOKJPY

Y100

0.8

-

1

NOKSEK

SEK1

40

66.72

100

NZDAUD

AUD1

3.5

-

1

NZDCAD

CAD1

3.5

3.85

1

NZDCHF

CHF1

4

4.44

3

NZDCNH

CNH1

15

17.52

10

NZDEUR

EUR1

1.5

1.81

1.5

NZDGBP

GBP1

2

3.00

2

NZDJPY

Y100

2

2.48

1.5

NZDUSD

$1

1.8

2.05

1

PLNJPY

Y100

2

-

3

RUBJPY

Y100

2.5

2.58

15

SEKJPY

Y100

0.6

-

1

SGDJPY

Y100

4

4.36

2

TRYJPY

Y100

8

8.59

8

USDBRL

$1

50

69.77

20

USDCAD

CAD1

1.3

1.52

2

USDCHF

CHF1

1.5

1.67

2

USDCNH

CNH1

10

15.23

10

USDCZK

CZK10

25

29.17

50

USDDKK

DKK1

15

19.36

20

USDHUF

HUF100

20

32.53

50

USDIDR

$1

80

57.03

2

USDILS

ILS1

50

70.46

80

USDINR

$1

20

20.19

2

USDJPY

Y100

0.7

0.86

1.5

USDKRW

$1

100

168.80

2

USDMXN

MXN1

50

67.68

350

USDNOK

NOK1

25

31.93

40

USDPHP

$1

15

15.91

2

USDPLN

PLN1

25

29.84

40

USDRUB

RUB1

1000

1320.31

2000

USDSEK

SEK1

25

33.24

60

USDSGD

SGD1

3

3.23

1

USDTHB

THB1

1

1.12

25

USDTRY

TRY1

50

179.39

10

USDTWD

$1

80

61.83

2

USDZAR

ZAR1

90

109.23

200

USDJPY

Y100

0.7

0.79

1.5

Contract

Value of one contract

Contract spread

Knock-out premium

Product details

Oil - Brent Crude

$1

2.8

3

Oil - Brent Crude

Oil - US Crude

$1

2.8

3

Oil - US Crude

Gold

$1

0.3

0.3

Gold

Silver

$1

2

2

Silver

Aluminium

$1

6

8

Aluminium

Copper

$1

10

10

Copper

Lead

$1

6

8

Lead

Nickel

$1

30

40

Nickel

Zinc

$1

6

8

Zinc

Soyabean Oil

$1

6

8

Soyabean Oil

Corn

$1

0.6

1.5

Corn

New York Cocoa

$1

4

5

New York Cocoa

Coffee Robusta

$1

6

6

Coffee Robusta

London Sugar No. 5

$1

0.6

0.8

London Sugar No. 5

Natural Gas

$1

3

20

Natural Gas

NY Orange Juice

$1

24

40

NY Orange Juice

No Lead Gasoline

$1

30

20

No Lead Gasoline

Rough Rice

$1

20

40

Rough Rice

Soyabeans

$1

1.2

2

Soyabeans

NY Sugar No. 11

$1

3

4

NY Sugar No. 11

Soyabean Meal

$1

40

50

Soyabean Meal

Chicago Wheat

$1

0.6

1.5

Chicago Wheat

NY Cotton

$1

15

15

NY Cotton

Crude Palm Oil

MYR 1

12

10

Crude Palm Oil

High Grade Copper

$1

30

30

High Grade Copper

Heating Oil

$1

20

20

Heating Oil

Iron Ore

CNH 1

4.5

3

Iron Ore

Coffee Arabica

$1

20

20

Coffee Arabica

Lumber

$1

60

80

Lumber

Live Cattle

$1

12

30

Live Cattle

London Cocoa

$1

3

4

London Cocoa

1. Knock-outs are CFD’s on a long-only basis, which means you cannot go short on them. You can buy a bull knock-out if you expect the market to rise, and buy a bear knock-out if you expect the market to fall.

2. The knock-out 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.

3. The price of a knock-out is the difference between the underlying IG price and the knock-out level, plus the knock-out premium. The 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.

4. 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.

5. 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.

6. The margin for 'buying' a knock-out is the opening price multiplied by the size of the position multiplied by 1.1. This is the maximum amount that the position can lose.

Overnight funding charges

The following is an example to illustrate how Overnight funding charges (Daily Interest adjustments) are calculated for Knock-outs Index:

D = n x C x i / 365

Where:

D = daily interest adjustment
n = bet size (Amount per point)
C = underlying index price at 10pm (London time)
i = applicable annual interest rate

Interest in respect of long positions is debited from your account, and interest in respect of short positions is either credited to or debited from your account.

Adjustment for dividends

A dividend adjustment is applied to take into account the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take into account those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE*), rounded to the tick size we use for that index, to determine what adjustments to apply. In the case of long positions, the dividend adjustment is credited to your account. In the case of short positions, the dividend adjustment is debited from your account. No adjustment is made to your knock-out level in either case.

* Bloomberg (E&OE) refers to "Errors and Omissions Excepted"

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