Contract Specifications

Contract Specifications

See our minimum spreads, pip values, swap fees and other conditions.

Contract specifications are a set of terms that state exactly how each market will trade. Our own contract specifications refer to the minimum spreads, pip value and swap for each instrument on offer.

If you are just starting out, it's a good idea to bear a few things in mind, like trading sessions, times and lot sizes. Learn about these and more in our FAQ section below.

If you have any questions about trading conditions that are not listed on this page, please get in touch and we'll be happy to help.
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    We are currently working on adding all contract specifications for each instrument (including swap-free daily fees, typical spread information, etc.). In the meantime, please contact us to give you this information directly.

    Swap

    Trading

    Swap LongSwap ShortStart TradingClose Trading
    AUDJPYAustralian Dollar/Japanese Yen0.1100.23-0.5200:05:0023:55:00
    AUDUSDAustralian Dollar/US Dollar00.1-0.2-0.1300:05:0023:55:00
    CHFJPYSwiss Franc/Japanese Yen010-0.23-0.1100:05:0023:55:00
    EURAUDEuro/Australian Dollar1.60.1-0.940.4200:05:0023:55:00
    EURCADEuro/Canadian Dollar0.10.1-0.920.6400:05:0023:55:00
    EURCHFEuro/Swiss Franc00.1-0.23-0.1300:05:0023:55:00
    EURGBPEuro/Great Britain Pound00.1-0.620.200:05:0023:55:00
    EURJPYEuro/Japanese Yen010-0.36-0.0300:05:0023:55:00
    EURUSDEuro/US Dollar00.1-0.740.6400:05:0023:55:00
    GBPAUDGreat Britain Pound/Australian Dollar0.40.1-0.36-0.2900:05:0023:55:00

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    Min. Spreads
    0.1
    Pip value / 0.01 Lot
    10
    Swap Long
    0.23
    Swap Short
    -0.52
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0
    Pip value / 0.01 Lot
    0.1
    Swap Long
    -0.2
    Swap Short
    -0.13
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0
    Pip value / 0.01 Lot
    10
    Swap Long
    -0.23
    Swap Short
    -0.11
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    1.6
    Pip value / 0.01 Lot
    0.1
    Swap Long
    -0.94
    Swap Short
    0.42
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0.1
    Pip value / 0.01 Lot
    0.1
    Swap Long
    -0.92
    Swap Short
    0.64
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0
    Pip value / 0.01 Lot
    0.1
    Swap Long
    -0.23
    Swap Short
    -0.13
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0
    Pip value / 0.01 Lot
    0.1
    Swap Long
    -0.62
    Swap Short
    0.2
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0
    Pip value / 0.01 Lot
    10
    Swap Long
    -0.36
    Swap Short
    -0.03
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0
    Pip value / 0.01 Lot
    0.1
    Swap Long
    -0.74
    Swap Short
    0.64
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    Min. Spreads
    0.4
    Pip value / 0.01 Lot
    0.1
    Swap Long
    -0.36
    Swap Short
    -0.29
    Start Trading
    00:05:00
    Close Trading
    23:55:00

    10 / 19 results displayed

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    Trade the world's markets

    Take a deeper dive into the markets we offer and get in on the trading action today.

    FREQUENTLY ASKED QUESTIONS

    Find your answers here and get in touch if you still need help

    Markets (sometimes referred to as financial instruments, assets or products), including currencies, stocks, indices and precious metals such as gold. The types of marketplaces that you can invest in include the FX market, the stock exchange and commodities market, among others. There's no limit to the number of markets you can trade, meaning that you have the opportunity to trade hundreds of assets. The choice is yours.

    While the forex market is open 24 hours a day, 5 days a week, this doesn't apply to all financial markets. Specific markets will have different trading sessions.

    Make sure you're aware each of market's Start and Close time so you can prepare to react as and when you need to. This is also a good way to start planning your trading strategies, as you'll get in the habit of keeping each Start and Close time in mind.

    A 'ticker' is a symbol used to identify a particular company or asset on a publicly traded market. Tickers are usually simple abbreviations and pretty easy to distinguish. A good example is the GBPUSD, which refers to the Great British Pound - US Dollar currency pair. You'll soon get familiar with tickers and learn to identify the assets you're watching in the blink of an eye.

    A swap refers to the interest that you earn or pay for a trade that you keep open overnight. There are two types. Swap short for keeping short positions open overnight, and Swap long for keeping long positions open overnight. The interest you pay will vary depending on what you're trading.

    Just to pop back to basics - a spread is the difference between the ask price (which is the price that a trader is willing to buy a currency pair for) and the bid price (which is the price that a trader is willing to sell a currency pair at). You might have heard it referred to as the 'cost of trading'. When we talk about 'minimum spreads', we're talking about the lowest possible amount that trade could cost.

    A 'point in price', more commonly known as a 'pip', is the measure of change in a currency pair. This can also stand for a 'percentage in point' and 'price interest point'. It's a standardized unit used to show the change in value between a currency pair. Pip value just refers to that change in value.

    Financial instruments are traded in lots. Lots represent the amount of the asset that you are buying or selling. There are three most common types of lots - the standard, the mini and the micro. Lot sizes just means how much of a product you're trading.