Losses can exceed deposits

MT4 product details

With our MT4 platform, you’ll experience ultra-fast execution on a wide range of FX pairs – including major, exotic and emerging markets. 

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Spreads vary depending on the volatility of the underlying market. We quote our minimum spread whenever possible, when the market is narrow. At other times you’ll generally find our typical spread applies.

 

 Major pairs

Currency Pair [1] Minimum bet size (spread betting) Value per point [2] (CFDs) Minimum spread Average spread*[3] Minimum requirement [4]
Spot FX AUD/USD 10p $10 0.6 0.75 0.5%
Spot FX EUR/CHF 10p CHF10 2 2.30 1.5%
Spot FX EUR/GBP 10p £10 0.9 1.17 1%
Spot FX EUR/JPY 10p Y1000 1.5 1.96 0.5%
Spot FX EUR/USD 10p $10 0.6 0.75 0.5%
Spot FX GBP/JPY 10p Y1000 2.5 2.96 1%
Spot FX GBP/USD 10p $10 0.9 1.34 1%
Spot FX USD/CAD 10p C$10 1.7 2.50 0.5%
Spot FX USD/CHF 10p CHF10 1.5 2.04 1.5%
Spot FX USD/JPY 10p Y1000 0.7 0.86 0.5%

Minor pairs 

Currency Pair [1] Minimum bet size Value per point [2] Minimum spread Average spread* [3] Minimum requirement [4]
Spot FX CAD/CHF 10p CHF10 2.5 3.16 1.5%
Spot FX CAD/JPY 10p Y1000 2.5 3.61 0.75%
Spot FX CHF/JPY 10p Y1000 2 2.76 1.5%
Spot FX EUR/CAD 10p C$10 3 4.25 0.5%
Spot FX EUR/SGD 10p SGD10 5 6.19 0.75%
Spot FX EUR/ZAR 5p ZAR10 150 198.98 2.5%
Spot FX GBP/CAD 10p C$10 3.5 4.74 1%
Spot FX GBP/CHF 10p CHF10 3 3.98 1.5%
Spot FX GBP/SGD 10p SGD10 8 10.42 1%
Spot FX GBP/ZAR 5p ZAR10 200 256.98 2.5%
Spot FX SGD/JPY 10p Y1000 4 5.22 0.75%
Spot FX USD/SGD 10p SGD10 3 3.55 0.75%
Spot FX USD/ZAR 5p ZAR10 90 128.75 2.5%

 Australasian pairs

Currency Pair [1] Minimum bet size Value per point [2] Minimum spread Average spread* [3] Minimum requirement [4]
Spot FX AUD/CAD 10p CAD10 2 2.78 0.5%
Spot FX AUD/CHF 10p CHF10 2.5 2.95 1.5%
Spot FX AUD/JPY 10p Y1000 1.3 1.91 0.5%
Spot FX AUD/NZD 10p NZD10 3 3.18 0.75%
Spot FX AUD/SGD 10p SGD10 5 6.84 1%
Spot FX EUR/AUD 10p AUD10 1.8 2.61 0.5%
Spot FX EUR/NZD 10p NZD10 3 4.02 0.75%
Spot FX GBP/AUD 10p AUD10 1.9 3.64 1%
Spot FX GBP/NZD 10p NZD10 5 6.87 1%
Spot FX NZD/CHF 10p CHF10 4 5.60 1.5%
Spot FX NZD/JPY 10p Y1000 2.5 3.21 0.75%
Spot FX NZD/USD 10p $10 2 2.13 0.75%
Spot FX NZD/CAD 10p C$10 3.5 5.10 0.75%

 Exotic pairs

Currency Pair [1] Minimum bet size (spread betting) Value per point [2] (CFDs) Minimum spread Average spread* [3] Minimum requirement [4]
Spot FX CHF/HUF 5p HUF1000 30 39.40 1.5%
Spot FX EUR/HUF 5p HUF1000 20 42.09 2%
Spot FX EUR/MXN 5p MXN10 90 186.97 2.5%
Spot FX EUR/PLN 5p PLN10 25 45.41 1.5%
Spot FX EUR/TRY 10p TRY10 15 29.44 2.5%
Spot FX GBP/HUF 5p HUF1000 25 42.33 2%
Spot FX GBP/MXN 5p MXN10 130 211.85 2.5%
Spot FX GBP/PLN 5p PLN10 30 50.93 1.5%
Spot FX GBP/TRY 10p TRY10 20 37.70 2.5%
Spot FX USD/HUF 5p HUF1000 20 41.31 2%
Spot FX USD/MXN 5p MXN10 50 80.50

2.5%

Spot FX USD/PLN 5p PLN10 25 33.51 1.5%
Spot FX USD/TRY 10p TRY10 12 23.87 2.5%

 Scandanavian pairs

Currency Pair [1] Minimum bet size (spread betting) Value per point [2] (CFDs) Minimum spread Average spread* [3] Minimum requirement [4]
Spot FX CAD/NOK 5p NOK10 25 65.94 1%
Spot FX CHF/NOK 5p NOK10 40 55.77 1.5%
Spot FX EUR/NOK 5p NOK10 25 34.27 0.75%
Spot FX EUR/SEK 5p SEK10 30 37.76 0.75%
Spot FX GBP/NOK 5p NOK10 50 76.70 1%
Spot FX GBP/SEK 5p SEK10 50 78.55 1%
Spot FX NOK/SEK 5p SEK10 6 12.07 1%
Spot FX USD/DKK 10p DKK10 15 19.80 5%
Spot FX USD/NOK 5p NOK10 25 35.20 0.75%
Spot FX USD/SEK 5p SEK10 25 32.73 0.75%

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.

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

*Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 24 February 2017.