Losses can exceed deposits

Spread betting product details

Spread betting is a tax-free, leveraged way to trade on forex, and you also pay no commission. Spread bet on over 90 currency pairs – including major, exotic and emerging markets – with spreads starting from just 0.6 pips.1 

Create an account

Spreads will vary depending on the volatility of the underlying market. You’ll receive our minimum spread when the market spread is particularly narrow, but in most other conditions, you’ll find our minimum spread applies.

Major pairs

Spot forex

Our spot bets offer significantly narrower spreads than the corresponding forward forex bet, and are not subject to the premium or discount that may apply for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread [2]

Average spread*

Limited risk premium [3]

Margin required [4]

Spot FX AUD/USD

24 hours

0.0001 $/A$

£1

0.6

0.75

0.8

0.5%

Spot FX EUR/CHF

24 hours

0.0001 SF/€

£1

2

2.30

n/a

1.5%

Spot FX EUR/GBP

24 hours

0.0001 £/€

£1

0.9

1.17

2

1%

Spot FX EUR/JPY

24 hours

0.01 ¥/€

£1

1.5

1.96

1.5

0.5%

Spot FX EUR/USD

24 hours

0.0001 $/€

£1

0.6

0.75

1.2

0.5%

Spot FX GBP/EUR

24 hours

0.0001 €/£

£1

2

2.60

1.5

1%

Spot FX GBP/JPY

24 hours

0.01 ¥/£

£1

2.5

3.04

2

1%

Spot FX GBP/USD

24 hours

0.0001 $/£

£1

0.9

1.34

2

1%

Spot FX USD/CAD

24 hours

0.0001 CD/$

£1

1.7

2.50

1

0.5%

Spot FX USD/CHF

24 hours

0.0001 SF/$

£1

1.5

2.04

2

1.5%

Spot FX USD/JPY

24 hours

0.01 ¥/$

£1

0.7

0.86

1.5

0.5%

 

Forward forex

Shown below are our forward forex bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads are in addition to the current spot spread for each pair (shown above). [7]

Pair

Dealing hours [1]

One point means

Minimum bet

Forward spread [7]

Limited risk premium [3]

Margin required [4]

GBP/USD

24 hours

0.0001 $/£

£1

9

3

1%

EUR/USD

24 hours

0.0001 $/€

£1

10

3

0.5%

USD/CHF

24 hours

0.0001 $/SF

£1

8

6

1.5%

EUR/GBP

24 hours

0.0001 £/€

£1

7

2

1%

USD/JPY

24 hours

0.01 ¥/$

£1

9

3

0.5%

USD/CAD

24 hours

0.0001 CD/$

£1

6

3

0.5%

EUR/CHF

24 hours

0.0001 SF/€

£1

8

n/a

1.5%

EUR/JPY

24 hours

0.01 ¥/€

£1

9

3

0.5%

GBP/EUR

24 hours

0.0001 €/£

£1

18

6

1%

GBP/JPY

24 hours

0.01 ¥/£

£1

16

6

1%

Minor pairs

Spot forex

Our spot bets offer significantly narrower spreads than the corresponding forward forex bet, and are not subject to the premium or discount that may apply for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread [2]

Average Spread* [2]

Limited risk premium [3]

Margin required [4]

Spot FX CAD/CHF

24 hours

0.0001 SF/CD

£1

2.5

3.16

2

1.5%

Spot FX CAD/JPY

24 hours

0.01 ¥/CD

£1

2.5

3.61

1.5

0.5%

Spot FX CHF/JPY

24 hours

0.01 ¥/SF

£1

2

2.76

3

1.5%

Spot FX EUR/CAD

24 hours

0.0001 CD/€

£1

3

4.25

3

0.5%

Spot FX EUR/SGD

24 hours

0.0001 SD/€

£1

5

6.19

8

1%

Spot FX EUR/ZAR

24 hours

0.0001 €/£

10p

150

198.98

100

2.5%

Spot FX GBP/CAD

24 hours

0.0001 CD/£

£1

3.5

4.74

4

1%

Spot FX GBP/CHF

24 hours

0.0001 SF/£

£1

3

3.98

4

1.5%

Spot FX GBP/SGD

24 hours

0.01 SG/£

£1

8

10.42

8

1%

Spot FX GBP/ZAR

24 hours

0.01 SR/£

10p

200

256.98

150

2.5%

Spot FX SGD/JPY

24 hours

0.01 ¥/SG

£1

4

5.22

3

1%

Spot FX USD/SGD

24 hours

0.01 SD/$

£1

3

3.55

2

1%

Spot FX USD/ZAR

24 hours

0.01 SR/$

10p

90

128.75

200

2.5%

 

Forward forex

Shown below are our forward forex bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads are in addition to the current spot spread for each pair (shown above). [7]

Pair

Dealing hours [1]

One point means

Minimum bet

Forward spread [7]

Limited risk premium [3]

Margin required [4]

CAD/JPY

24 hours

0.01 ¥/CD

£1

10

4

0.5%

CHF/JPY

24 hours

0.01 ¥/SF

£1

8

6

1.5%

EUR/CAD

24 hours

0.0001 CD/€

£1

14

6

0.5%

GBP/CAD

24 hours

0.0001 CD/£

£1

9

6

1%

GBP/CHF

24 hours

0.0001 SF/£

£1

16

12

1.5%

GBP/SGD

24 hours

0.01 SG/£

50p

20

20

1%

GBP/ZAR

24 hours

0.01 SR/£

10p

200

400

2.5%

USD/SGD

24 hours

0.01 SD/$

£1

22

15

1%

USD/ZAR

24 hours

0.01 SR/$

10p

200

250

2.5%

 

Australasian pairs

Spot forex

Our spot bets offer significantly narrower spreads than the corresponding forward forex bet, and are not subject to the premium or discount that may apply for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread [2]

Average Spread* [2]

Limited risk premium [3]

Margin required [4]

Spot FX AUD/CAD

24 hours

0.0001 CD/A$

£1

2

2.78

2

0.5%

Spot FX AUD/CHF

24 hours

0.01 SF/A$

£1

2.5

2.95

2

1.5%

Spot FX AUD/EUR

24 hours

0.01 €/A$

£1

1.5

2.83

3

0.5%

Spot FX AUD/GBP

24 hours

0.0001 £/A$

£1

1.5

2.94

2

1%

Spot FX AUD/JPY

24 hours

0.01 ¥/A$

£1

1.3

1.91

1.5

0.5%

Spot FX AUD/NZD

24 hours

0.0001 NZ/A$

£1

3

3.18

3

0.75%

Spot FX AUD/SGD

24 hours

0.0001 SD/A$

£1

5

6.84

4

0.75%

Spot FX EUR/AUD

24 hours

0.0001 A$/€

£1

1.8

2.61

2

0.5%

Spot FX EUR/NZD

24 hours

0.0001 NZ/€

£1

3

4.02

4

0.75%

Spot FX GBP/AUD

24 hours

0.0001 A$/£

£1

1.9

3.64

3

1%

Spot FX GBP/NZD

24 hours

0.0001 NZ/£

£1

5

6.87

5

1%

Spot FX NZD/CHF

24 hours

0.0001 SF/NZ

£1

4

5.60

3

1.5%

Spot FX NZD/EUR

24 hours

0.0001 €/NZ

£1

1.5

1.99

1.5

0.75%

Spot FX NZD/GBP

24 hours

0.0001 £/NZ

£1

2

3.01

2

1%

Spot FX NZD/JPY

24 hours

0.01 ¥/NZ

£1

2.5

3.21

1.5

1%

Spot FX NZD/USD

24 hours

0.0001 $/NZ

£1

2

2.13

1

0.75%

Spot FX NZD/CAD

24 hours

0.0001 £

£1

3.5

5.10

1

0.75%

 

Forward forex

Shown below are our forward forex bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads are in addition to the current spot spread for each pair (shown above). [7]

Pair

Dealing hours [1]

One point means

Minimum bet

Forward spread [7]

Limited risk premium [3]

Margin required [4]

AUD/JPY

24 hours

0.01 ¥/A$

£1

7

3

0.5%

AUD/NZD

24 hours

0.01 NZ/A$

£1

10

6

0.75%

AUD/USD

24 hours

0.0001 $/A$

£1

10

6

0.5%

EUR/AUD

24 hours

0.0001 A$/€

£1

14

6

0.5%

EUR/NZD

24 hours

0.0001 NZ/€

£1

15

10

1%

GBP/AUD

24 hours

0.0001 A$/£

£1

15

7.5

1%

GBP/NZD

24 hours

0.0001 NZ/£

£1

20

10

1%

NZD/JPY

24 hours

0.01 ¥/NZ

£1

11

5

1%

NZD/USD

24 hours

0.0001 $/NZ

£1

4

2.5

1%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016

Scandanavian pairs

Spot forex

Our spot bets offer significantly narrower spreads than the corresponding forward forex bet, and are not subject to the premium or discount that may apply for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread [2]

Average Spread* [2]

Limited risk premium [3]

Margin required [4]

Spot FX CAD/NOK

24 hours

0.0001 NK/CD

20p

50

65.94

80

0.75%

Spot FX CHF/NOK

24 hours

0.0001 NK/SF

20p

40

55.77

60

1.5%

Spot FX EUR/DKK

24 hours

0.0001 DK/€

20p

10

14.40

200

5%

Spot FX EUR/NOK

24 hours

0.0001 NK/€

20p

25

34.27

40

0.75%

Spot FX EUR/SEK

24 hours

0.0001 SK/€

20p

30

37.76

40

0.75%

Spot FX GBP/DKK

24 hours

0.0001 DK/£

20p

30

45.36

45

5%

Spot FX GBP/NOK

24 hours

0.0001 NK/£

20p

50

76.70

60

1%

Spot FX GBP/SEK

24 hours

0.0001 SK/£

20p

50

78.55

100

1%

Spot FX NOK/SEK

24 hours

0.0001 SK/NK

20p

10

12.07

12

0.75%

Spot FX USD/DKK

24 hours

0.0001 $/DK

20p

15

19.80

20

5%

Spot FX USD/NOK

24 hours

0.0001 NK/$

20p

25

35.20

40

0.75%

Spot FX USD/SEK

24 hours

0.0001 SK/$

20p

25

32.73

60

0.75%

 

Forward forex

Shown below are our forward forex bets for the quarterly value dates. You can place bets on forex for the next two quarters. [5]

Forward spreads are in addition to the current spot spread for each pair (shown above). [7]

Pair

Dealing hours [1]

One point means

Minimum bet

Forward spread [7]

Limited risk premium [3]

Margin required [4]

EUR/NOK

24 hours

0.0001 NK/€

20p

100

80

0.75%

EUR/SEK

24 hours

0.0001 SK/€

20p

100

80

0.75%

GBP/NOK

24 hours

0.0001 NK/£

20p

100

100

1%

GBP/SEK

24 hours

0.0001 SK/£

20p

100

120

1%

USD/NOK

24 hours

0.0001 NK/$

20p

60

60

0.75%

USD/SEK

24 hours

0.0001 SK/$

20p

60

80

0.75%

* Average spread (Monday 00:00 - Friday 22:00 GMT) for the twelve weeks ending 7 October 2016

Exotic pairs

Spot forex

Our spot bets offer significantly narrower spreads than the corresponding forward forex bet, and are not subject to the premium or discount that may apply for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread [2]

Average Spread* [2]

Limited risk premium [3]

Margin required [4]

Spot FX CHF/HUF

24 hours

0.01 HF/SF

10p

30

39.40

50

1.5%

Spot FX EUR/CZK

24 hours

0.01 CK/€

50p

25

28.04

50

5%

Spot FX EUR/HUF

24 hours

0.01 HF/€

10p

25

42.09

50

1.5%

Spot FX EUR/ILS

24 hours

0.0001 ILS/€

50p

50

83.28

80

1.5%

Spot FX EUR/MXN

24 hours

0.0001 MP/€

10p

90

186.97

200

2.5%

Spot FX EUR/PLN

24 hours

0.0001 PZ/€

50p

25

45.41

60

1.5%

Spot FX EUR/TRY

24 hours

0.0001 CK/$

50p

15

29.44

15

2.5%

Spot FX GBP/CZK

24 hours

0.01 CK/£

50p

30

34.49

50

5%

Spot FX GBP/HUF

24 hours

0.01 HF/£

50p

30

42.33

50

1.5%

Spot FX GBP/ILS

24 hours

0.0001 ILS/£

50p

80

103.49

150

1.5%

Spot FX GBP/MXN

24 hours

0.0001 MP/£

10p

130

211.85

300

2.5%

Spot FX GBP/PLN

24 hours

0.0001 PZ/£

50p

30

50.93

40

1.5%

Spot FX GBP/TRY

24 hours

0.0001 HF/$

50p

20

37.70

20

2.5%

Spot FX TRY/JPY

24 hours

0.01 ¥/HF

£1

5

6.91

8

2.5%

Spot FX USD/CZK

24 hours

0.01 CK/$

50p

25

26.29

50

5%

Spot FX USD/HUF

24 hours

0.01 HF/$

50p

25

41.31

50

1.5%

Spot FX USD/ILS

24 hours

0.0001 ILS/$

50p

40

76.43

80

1.5%

Spot FX USD/MXN

24 hours

0.0001 MP/$

10p

50

80.50

 

60

2.5%

Spot FX USD/PLN

24 hours

0.0001 PZ/$

50p

25

33.51

40

1.5%

Spot FX USD/TRY

24 hours

0.0001 CK/$

50p

12

23.87

10

2.5%

Emerging pairs

Spot forex

Our spot bets offer significantly narrower spreads than the corresponding forward forex bet, and are not subject to the premium or discount that may apply for a forward date. [6]

Notes in [square brackets] are detailed in the Notes tab.

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread [2]

Average Spread* [2]

Margin required[4]

Spot FX AUD/CNH

24 hours

0.0001 CNH/AUD

20p

20

25.17

2.5%

Spot FX CNH/JPY

24 hours

0.01 JPY/CNH

£10

0.8

1.74

2.5%

Spot FX EUR/CNH

24 hours

0.0001 CNH/EUR

20p

30

44.50

2.5%

Spot FX EUR/RUB

07.00-21.00

0.0001 RUB/EUR

10p

2000

2663.78

5%

Spot FX USD/CNH

24 hours

0.0001 CNH/USD

20p

10

15.46

2.5%

Spot FX USD/RUB

07.00-21.00

0.0001 RUB/USD

10p

1600

2452.15

5%

EMFX GBP/INR

01.30-21.00

0.01 INR/GBP

£1

35

37.35

5%

EMFX USD/BRL

13.05-22.00

0.0001 BRL/USD

£1

30

40.98

5%

EMFX USD/INR

01.30-21.00

0.01 INR/USD

£1

20

21.22

5%

EMFX USD/IDR

04.30-21.00

1 IDR/USD

£1

80

106.64

5%

EMFX USD/KRW

01.00-21.00

0.01 KRW/USD

50p

100

175.15

5%

EMFX USD/MYR

01.30-21.00

0.0001 MYR/USD

50p

100

150.23

5%

EMFX USD/PHP

01.30-21.00

0.01 PHP/USD

50p

15

19.37

5%

EMFX USD/TWD

01.30-21.00

0.001 TWD/USD

£1

80

147.13

5%

NZD/CNH

24 hours

0.0001 CNH/NZD

20p

15

23.01

2.5%

Spot FX GBP/CNH

24 hours

0.0001 CNH/GBP

20p

35

39.12

2.5%

Spot FX CAD/CNH

24 hours

0.0001 CNH/CAD

20p

15

19.88

2.5%

BRL - Brazilian real
CLP - Chilean peso
CNH - Chinese renminbi (yuan) – offshore
IDR - Indonesian Rupiah
INR - Indian rupee
KRW - South Korean won
MYR - Malaysian ringgit
PHP - Philippine peso
RUB - Russian rouble
TWD - Taiwan dollar

Virtual pairs

Spot forex

Pair

Dealing hours [1]

One point means

Minimum bet

Minimum spread [2]

Average Spread* [2]

Limited risk premium [3]

Margin required [4]

Spot FX XBT/USD

24 hours

1 $/XBT

£5

7.5

7.98

3

7.5%

Spot FX XBT/GBP

24 hours

1 £/XBT

£5

6

6.85

2

7.5%

Spot FX XBT/EUR

24 hours

1 €/XBT

£5

7

7.90

2.5

7.5%

Spot FX XBT/JPY

24 hours

100 ¥/XBT

£5

8

8.88

3.5

7.5%

Spot FX XBT/CNH

24 hours

1 CNH/XBT

£0.50

50

58.77

NA

7.5%

Notes to tables

The following notes apply to all of the preceding forex tables, wherever the corresponding number is found.

1. Normal dealing hours for all pairs are from 21.00 (London time) on Sunday until 22.00 (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.

2. 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.

3. For limited-risk bets a limited-risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and will form part of your margin when you attach the stop.

4. 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.

5. When forward forex bets are rolled over, the initial bet is closed at the mid-price for the contract month, plus or minus half of our normal spread. The new bet is then opened at the mid-price of our current quote for the next contract month. If the initial bet was controlled risk, the full controlled risk premium is either added to the offer price or subtracted from the bid price depending on the direction of the bet.

6. Each day your DFB bet remains open, we make a cash adjustment to your account to reflect the funding costs of your bet. The funding adjustment is based on the tom-next spread for the currency pair (excluding bitcoin) involved including an admin fee of 0.0022% per day. 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. This will not always apply to emerging-market pairs. Emerging pairs are priced using one-month pricing, so the funding charge for these will depend on the three-day adjustment that is made in the underlying market.

7. Forward spread is added to the current spot spread for each pair to produce our forward prices. This means that dealing spreads available will be variable, depending upon market conditions.

8. Bitcoin funding will be 0.0438% daily for short positions and 0.0274% for long positions.

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

Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.